Know where you stand with a holistic view of your organisation’s unique exposures to disruptive 21st century challenges including climate change, emerging technology and other environmental risks.
When people think about the impacts of climate change most focus on extreme weather events and the possibility of rising sea levels. But that’s just the tip of the (melting) iceberg. Impacts are already being felt all over the world and not just in coastal areas.
The World Economic Forum’s Global Risks report (2015) spells it out: climate and environmental risks are significant, consistently appearing in the top 10 risks to governments and business despite arguably more immediate threats such as geopolitical instability[i]. A range of technological disruptors are also underway, that will transform a range of traditional industry sectors.
We consider the potential of a broad range of threats to impact your organisation across multiple dimensions including:
• Risk categories (including: physical, operational, legal, regulatory, reputation, structural, systemic, financial, environmental)
• Industry / systemic
• Products, services, processes
• Organisational objectives
• Direct and indirect impacts
• Upstream supply chain
• Downstream product / service lifecycle (including changing patterns of demand)
• Planning time horizons
Applying ISO 31000 risk management principles, we use our unique process to help clients identify, categorise, assess and prioritise risks associated with their organisations’ specific activities and their exposure to emerging macro-environmental challenges. Broad treatment opportunities including mitigation are identified for major risks.
[i] For example, appearing in the WEF’s Global Risk Report’s (2014) top 10 risks are four with climate or environmental causes including: 3. water crises; 5. failure of climate change mitigation and adaptation; 6. greater incidence of extreme weather events (e.g. floods, storms, fires); and 8. food crises.