“We’re steadily moving toward a new normal where billion-dollar disasters are a regular occurrence,” says Emilie Mazzacurati, founder and CEO of Four Twenty Seven. “This combination of extreme weather events and growing pressure from asset owners and regulators is pushing a lot of businesses to look for a way to understand their exposure and start managing their risks.”
Environment-related risks dominate the report for the third year in a row, accounting for three of the top five risks by likelihood and four by impact. Extreme weather is again out on its own in the top-right (high-likelihood, high-impact) quadrant of the Global Risks Landscape 2019. The report can be downloaded here, or go to the WEF website for more information.
The Business Continuity Institute wins 'Best Association Video’ at the UK Association Awards
Yes, let’s pretend nothing has changed....
“The road has been there for 100 years and will continue to be there for many many years, decades to come.”
A report from Munich Re on last year’s natural disasters pointed to “clear indications” that man-made climate change is a factor in California’s wildfires.
The Global Risks Report 2017 features perspectives from nearly 750 experts on the perceived impact and likelihood of 30 prevalent global risks as well as 13 underlying trends that could amplify them or alter the interconnections between them over a 10-year timeframe.
2016 saw a crystallization of political risks that have led to the election of populist leaders, a loss of faith in institutions and increased strain on international cooperation. We should not be surprised by this: for the past decade, the Global Risks Report has been drawing attention to persistent economic, social and political factors that have been shaping our risks landscape.
This year’s report examines the five greatest priorities facing the world in 2017, their interconnections and the actions necessary to avoid their harshest fall-out.