News

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 is the essence of the IoT. Smart fridges will order your shopping when supplies run low. A smart heating system […]

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 the most intense coral bleaching. “The combined impact of this back-to-back bleaching stretches for 1,500 km (900 miles), leaving only […]

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. These communities can also be hit the hardest when a disaster does strike. One of the biggest challenges we see […]

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 makers and stakeholders, into national and local action and to accelerate regional implementation and monitoring. “The intensity and frequency of […]

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 are increasingly forcing species to migrate to cooler climes, pushing disease-carrying insects into new areas, moving the pests that attack […]

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 most polluting of fossil fuels.” Source: CityMetric

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 of negative headlines about UK-based corporates that have been found wanting in their governance of suppliers or have suffered operational […]

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 floor the hardest part of the organisation to convince of the benefits of risk management, compared to management (19%) and […]

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 focus will still be to discourage the crossing in ways other than raising the risk of dying at sea. Scrambling […]

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 ties with corporations financing the injustice of climate change”. Read more >

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 radiation from the sun to reach the ground. Within a few years of the discovery it was agreed to set […]

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 most vulnerable to climate change. The report is based on 40 key indicators and stresses the consequences of observed and […]

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, a Cal-Tech behavioral economist I’ve written about in the past; and Aaron Brown, a former Wall Street risk modeler. What […]

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 of eight new stations and servicing of 38 existing stations to accommodate the new railway. The completed railway will stretch […]

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 to come to terms with them.” He is very interested to see what content Norway will give to promises made […]

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 759 people had been infected and 467 people had died from the disease, making this the worst ever Ebola outbreak. […]

The rising sea and value management

The Environment Agency in the United Kingdom analysed and concluded that the next 20 years coastlines will erode due to climate change and sea level rising and that the protection of properties is considered to be too high and that £1 billion  worth of properties will disappear as a result. Valuable properties are at stake and need a proper approach. Related articles Almost 7,000 UK homes will be lost to rising seas Rising sea to claim 7,000 properties New Environment Agency head Sir […]

Surprises Are the New Normal; Resilience Is the New Skill

July 17, 2013, Harvard Business Review The difference between winners and losers is how they handle losing. That’s a key finding from my ongoing research on great companies and effective leaders: no one can completely avoid troubles and potential pitfalls are everywhere, so the real skill is the resilience to climb out of the hole and bounce back. Volatile times bring disruptions, interruptions, and setbacks, even for the most successful among us. Companies at the top of the heap still […]

Nassim Taleb: ‘The Black Swan’ author in praise of the risk-takers

The writer and former options trader Nassim Taleb talks to Margareta Pagano about banking, Babylon and birdsong By The Independent Nassim Nicholas Taleb has a dream. It’s this: he wants us to celebrate the restaurant owners, the taxi drivers, the market traders and carpenters and all the other risk-takers who put their skin in the game and who drive the economy for the rest of us. “Let’s call it a National Entrepreneur Day,” declares the author of the best-selling The […]

El Ayuntamiento de Getafe gana el Premio Udite

Es esta la Segunda edición del premio que se otorga a entidades locales por su gestión en las categorías de Bienestar Social, Bienestar económico, Bienestar ecológico, Gestión y Gestión del Riesgo. La votación final, tras un largo proceso de selección que se inició en junio de este año, tuvo lugar el pasado lunes 5 de octubre en Bruselas, en el marco de las Jornadas de Puertas Abiertas del Parlamento Europeo, en las que estuvo presente la Federación de Directivos Territoriales […]