News

EU Court: Poland illegal in Białowieża Forest

Poland will continue logging in the ancient forest of Białowieża.  This statement came from the country’s environment minister Jan Szyszko. The EU court has ordered a halt to the practice of this country earlier this week. Has Poland started the process of destroying the last European pristine forest? And has it with that compromised the brand of Poland. The loss […]

Getting Chief Executives to Take Cyber Risks Seriously

Source: Council of Foreign Relations. CEOs and their boards of directors should pay more attention to the cybersecurity risks that could devastate their business…. To convince board members and CEOs to act, they must first be convinced of the acute consequences of failing to implement proper cybersecurity measures. “Properly assessing these risks and allocating resources require informed decision-making by a company’s […]

Europe’s cities and regions focus on the Paris Agreement

European Committee of the Regions deeply regrets the decision of President Trump to withdraw the United States from the Paris Agreement. Responding this announcement Markku Markkula, President of the European Committee of the Regions, has underscored the unwavering commitment of cities and regions across the European Union to curb climate change and respond to this global threat, which affects the […]

Stress testing for nonfinancial companies

Source: McKinsey&Company. Assessing a company’s vulnerability to risk makes otherwise theoretical discussions of strategy more real. In the decade since the global financial crisis, financial companies have honed their ability to measure risk in a way that nonfinancial companies have not. Granted, nonfinancial executives hadn’t faced the same existential crisis. And they’ve seldom come under the same kinds of investor […]

Risk Management in the very heart of 4IR

Source: G20 Insights. PricewaterhouseCoopers outlined ideas to enable a sustainable Fourth Industrial Revolution. How G20 countries can create the conditions for emerging technologies to benefit people and the planet. “The Fourth Industrial Revolution (4IR) offers huge potential to transform and realign our economies and societies. There is an increasing realisation that the 4IR could also exacerbate problems for people and the […]

Incêndio de Pedrógão Grande

Quercus considers clearance of responsibilities necessary and recalls management mistakes of successive Governments in the forest area. Quercus is a Portuguese non-governmental organization and a independent, non-partisan association of national scope, non-profit and made up of citizens who have gathered around the same interest for the Conservation of Nature and Natural Resources and in Defense of the Environment in general, with […]

You can teach yourself to be risk-taker

By Vivian Giang, BBC.  Business leaders say taking risks is an essential part of getting ahead in today’s world. If that’s not your style, how can you become more comfortable with leaping into the unknown? “Our ability to take a chance and be comfortable with an unknown outcome is affected by our own psychological make-up, the physiological functions in our bodies, […]

Public Risk and ISO 20400:2017

Practitioners experience as well scientific research related to public governance point in the direction of a high correlation between the quality of interfaces – within or between organisations – and the presence of public risks. Working together and tuning in the chain of things are crucial for quality. Many of the international strategies and polices points in the direction of a need for a […]

IoT unlocks the door to hackers

Source: Strategic Risk. Businesses need to wise up to security flaws as they embrace the Internet of Things. This is a buzz phrase we hear used regularly but it is one which is prone to misconception and misunderstanding. Connecting devices, such as a kettle or light bulbs, over the internet and allowing them to communicate with each other and ourselves […]

Coral reef – our ocean delivery room – under great stress

Source: Arc Centre of Excellence Coral Reef Studies For the second time in just 12 months, scientists have recorded severe coral bleaching across huge tracts of the Great Barrier Reef after completing aerial surveys along its entire length. In 2016, bleaching was most severe in the northern third of the Reef, while one year on, the middle third has experienced […]

Strategic Disaster Planning

Source: ICMA. Those who work with communities in the aftermath of natural disasters see the importance of advance planning firsthand. Disaster plans save time, money, headaches and, ultimately, they can save lives. In short, planning makes disasters less disastrous. And yet, it can be difficult for communities to prioritize disaster planning, particularly for those with limited time, budget, or staff. […]

Acceleration on Disaster Reduction Sendai Framework

The European Committee of the Regions (CoR), European Commission and the United Nations Office for Disaster Risk Reduction (UNISDR) seek to accelerate the implementation and monitoring of the Sendai Framework, in order to reduce the impact of natural disasters. The scope is that disaster resilient development needs to be imbedded into all public investment strategies by transforming the commitments, made by policy […]

Climate change: global reshuffle of wildlife will have huge impacts on humanity

Source: The Guardian. Mass migration of species to cooler climes has profound implications for society, pushing disease-carrying insects, crop pests and crucial pollinators into new areas, says international team of scientists. Global warming is reshuffling the ranges of animals and plants around the world with profound consequences for humanity, according to a major new analysis. Rising temperatures on land and sea […]

Oslo has joined the dozens of cities pledging to divest their holdings in the fossil fuel industry

“Two years ago, the online advocacy group 350.org launched a campaign to persuade investors to move their money away from the fossil fuel industry. By 2014, according to a study by the University of Oxford, it was the fastest growing divestment movement in history – and last month, Oslo became the first capital city to pledge to divest from coal, […]

The strategic importance of risk managing the supply chain

Risk managers should keep a handle on their supplier relationships as this can lead to significant gains. The corporate risks posed by a potential supply chain failure are leading more risk managers to keep a close handle on their supplier relationships and they are finding, in some instances, that significant gains can be made in the process. The latest spate […]

Narim conference stresses importance of work floor to risk management

“In recent years risk managers have focused on getting their voice heard in the boardroom, but according to Dutch risk managers, the work floor presents the biggest challenge to embedding risk management throughout an organisation. A pool of audience members at last week’s Netherlands Association of Risk and Insurance Managers (Narim) congress in Utrecht revealed that 64% consider the work […]

Migrant deaths may force Europe policy change

Times of Malta The outrage Europe’s leaders face over the deaths of hundreds of refugees trying to reach its shores may force a shift in a policy critics decry as letting people drown to deter others in desperate need. The moat that the Mediterranean forms between Fortress Europe and less fortunate neighborus may become slightly less forbidding, even if the […]

The Guardian: Keep it in the ground

18 April 2105, The Guardian This newspaper launched a campaign focused on moving away from a global economy run on fossil fuels. Alan Rusbridger: “The argument for a campaign to divest from the world’s most polluting companies is becoming an overwhelming one, on both moral and financial grounds.” As Archbishop Desmond Tutu puts it: “People of conscience need to break their […]

Scientist warns: ‘it will still take years to heal’

The Guardian The lessons of a landmark moment in climate research have not been learned. It is popularly viewed as one of the greatest environmental success stories of modern times. Exactly 30 years ago, UK scientists announced they had discovered a hole in the ozone layer in the atmosphere above Antarctica. The hole threatened to spread, allowing increased levels of cancer-causing […]

Malta failing in climate change preparation

November 9, 2008, Times of Malta Malta has failed to prepare a plan on its climate change impact, vulnerability and adaptation – unlike other Mediterranean countries that “have prepared quite extensive climate change assessments”, according to the European Environmental Agency. In a report entitled ‘Impacts of Europe’s changing climate’, the EEA states that the Mediterranean is one of the regions […]

What’s Wrong with Risk Models?

April 27, 2010, The New Yorker First up, sincere apologies to the organizers and attendees of the Milken Global Forum, in Los Angeles, where I was due to appear this afternoon at a session about economic models of risk. I was looking forward to engaging the other panelists, who included Nobel laureate Myron Scholes, of “Black Scholes” fame; Colin Camerer, […]

Why Crossrail is a triumph for risk management

April 10, 2015, Strategic Risk Risk management has been central to the success of Europe’s largest infrastructure project, owing much to sustained engagement with the board and senior management. At the end of March, Europe’s largest construction venture, Crossrail, initiated the final stages of building a 42km tunnel network under London. Six years ago, the project began with the construction […]

Coming to terms with terror

SEROS – Centre for Risk Management and Societal Safety How will the terrorist attacks in Norway on 22 July change the country? That question has been put to three social scientists at the University of Stavanger (UiS). “Norwegians are still in a state of shock,” says professor Odd Einar Olsen. “These incidents were so extensive and gruesome that people need time […]

Ebola: Facts and Figures

A year ago the first Ebola incident was reported in Guinea. It spread step by step. Now with the latest figures published by The Economist, public health is at stake. In general it seems that the exponential growth can not be underestimated. The Economist reports” “Late March, Liberia had reported eight suspected cases and Sierra Leone six. By the end of June […]