Division 12.1 DefinitionsF1

In addition to the definitions set out in Article 2, the following definition shall apply:

1. (1)

   ‘risk’ means the combination of the consequences of an event (hazard) and the associated likelihood/probability of its occurrence, in accordance with ISO/IEC 31010:2009.

2. (2)

   ‘hazard’ means a dangerous phenomenon, substance, human activity or condition that may cause loss of life, injury or other health impacts, property damage, loss of livelihoods and services, social and economic disruption, or environmental damage.

3. (3)

   ‘exposure’ means people, property, systems, or other elements present in hazard zones that are thereby subject to potential losses.

4. (4)

   ‘vulnerability’ means the characteristics and circumstances of a community, system or asset that make it susceptible to the damaging effects of a hazard.