The document discusses exposure and vulnerability in the context of disaster readiness and risk reduction, emphasizing the various hazards individuals and communities face, including physical, cultural, economic, and environmental hazards. It highlights the vulnerabilities of key sectors such as agriculture, watersheds, coastal resources, and human health, along with human factors like wealth, education, governance, technology, age, and gender that contribute to these vulnerabilities. The Philippines is particularly at risk due to its geographic location, frequent natural disasters, and poor capacity to manage and recover from these events.