Protecht’s Post

To understand how climate and nature-related risks impact businesses, it’s important to first grasp the basics of risk management as outlined by GARP. This foundational knowledge is essential, as it covers key aspects such as risk identification, assessment, mitigation, and monitoring. Through this document, you’ll gain insights into different types of risks—like credit, market, operational, and liquidity risks—and how these conventional risk categories overlap with new climate and nature-related risks. This understanding will equip you with a solid framework for assessing the potential impact of these environmental risks on business operations, strategy, and long-term sustainability. #ESGrisk #climaterisk #Netzero #ESG #Sustainability

Now that financial firms are expected to place a greater emphasis on measuring and mitigating nature risk, how might nature risk evolve? Also, how fast will firms need to improve their capabilities to be adequately prepared? We published our new survey on nature risk management earlier this week. Read it now: https://lnkd.in/erNhkjvH #naturerisk #sustainability #climatechange #climaterisk #riskmanagement

More and more organizations are turning to risk consultancies for help with their risk management frameworks. Why? ⚠️ New risks: According to the World Economic Forum, climate-related, technological and geopolitical risks are among the top five global risks over the next two years. ⏳ Little time: These risks can emerge with little to no warning, leaving firms like yours with minimal time to respond effectively. 🔎 The magnifying glass: Crisis responses are increasingly scrutinized by the public, allowing for little margin for error. Our independent report explores the paradigm shift in risk consulting and outlines what you should look for in your next partnership: https://lnkd.in/eEwYi4jj Here's what you need to know 👇 #RiskManagement #BusinessRisk

It's imperative to integrate ESG principles across all aspects of business. Bridging the gap between ESG and risk management is important for sustainable growth and long-term success. Let's shift our perspectives and prioritize forward-thinking approaches. Definitely an insightful read from CMS! 👏 #ESGIntergration #ESG #Sustainability #RiskManagement #Investing #SustainableBusiness #Transformation

🔴 Bridging the Gap Between Risk Appetite and Risk Profile 🔴 In an era of increasing complexity and volatility, businesses must navigate a delicate balance between opportunity and uncertainty. At the heart of this balancing act lies a fundamental question: How much risk is too much, and how much is too little? Answering this requires a deep understanding of two critical components of risk management—risk appetite and risk profile—and, more importantly, ensuring they are aligned. 📌 Misalignment between what an organization is willing to risk and what it is actually exposed to can lead to strategic drift, operational vulnerabilities, and financial setbacks. Yet, many organizations struggle to achieve this alignment, often due to unclear frameworks, siloed risk functions, or inadequate monitoring tools. 👉 this article, I’ll explore why aligning risk appetite with a firm’s risk profile is not just a risk management necessity but a strategic imperative. I'll discuss the benefits of this alignment, the common challenges organizations face, and actionable steps to bridge the gap effectively. #riskmanagement #riskappetite #erm #operationalrisk #enterpriserisk

Nature risk management is a much newer challenge for financial firms than climate risk management. But how far does it lag? What are the leading firms doing? And how might it evolve over coming years? Our latest white paper looks at these issues. #naturerisk #riskmanagement #garp #climaterisk

The growing importance of risk management and where ESG fits into the picture by Charlene Ferns and I.   Businesses that could best identify any inherent risks and dangers and put strategies and mechanisms in place to mitigate them have always been the ones most likely to achieve long-term success within any economy. But what risk management means has changed over the years.   While it is still important for businesses to anticipate and manage things like market, operational, and financial risks, they increasingly have to manage other forms of risk too. An example of these risks include events such as the COVID-19 pandemic, Russia’s war in Ukraine, and the ongoing crisis in the Middle East, which have highlighted how significant supply chain risks can be.   Read more: https://lnkd.in/dn9a5PjH   #cms #cmslaw #ESG #riskmanagement #disputeresolution #transformtheordinary 

Our award-wining self-assessment tool — ESG Risk Rating — will enable you to identify your most critical sustainability- and climate-related risks and opportunities. The ESG Risk Rating scores your organization’s performance across 19 ESG themes and provides you with an overall score out of 10. #RiskManagement #ESG

It is ready! So we're thrilled to invite you to the launch of WTW’s Emerging & Interconnected Risks Survey Report! https://ow.ly/jEle50U1fJz Join us on 20 November at 11:00am (EST), 4:00pm (GMT) or 6:00pm (MEST) for exclusive insights from our global findings as we explore critical questions that matter most to organizations today: 🌐 Which risk sources are top of mind for organizations today? 🚩 What are the most pressing emerging risks organizations are addressing? 🔗 How do these risks interconnect, and what does that mean for your organization? 📈 What actions are organizations taking now—and planning for the future? Journeying from operational risk considerations to strategic risk management and hearing how harnessing emerging risk insights can strengthen your organization’s resilience and agility in an uncertain world. #WTWResearchNetwork #EmergingandInterconnectedRisks #RiskManagement #OutsmartingUncertainty #RiskStrategy #RiskBias

For corporate risk managers, navigating the complexities of climate risk can be overwhelming. Understanding how climate factors impact your organization isn’t just about compliance—it’s about proactive risk management and staying ahead of emerging threats. VELO Company Reports offer a powerful tool to assess these risks, providing clear, data-driven insights into how climate change affects your operations, supply chain, and overall risk exposure. With advanced climate modelling and scenario analysis, these reports help you understand not only the present risks but also how the landscape is evolving over time. Equipping your team with VELO Reports enables informed decisions that anticipate climate risks, strengthen operational resilience, and protect your business from future disruptions. The future of risk management demands that climate considerations be integrated at every level—and VELO Reports make that future accessible today. Reach out here or at climate@riskthinking.ai to learn more. #ClimateRisk #CorporateRiskManagement #ClimateResilience #Riskthinking #VELO