Enterprise Risk Management

Change is inevitable. Trends come and go. Technological advances impact how employees work and businesses operate. Customer needs, wants and expectations shift. A business’s ability to keep pace with or stay ahead of change hinges on strategic planning, understanding its core competitive advantages and adjusting to industry disruptions.

As the climate changes, extreme weather events are also likely to increase. A survey, conducted by the Risk Institute and led by Research Fellow Brittany Shoots-Reinhard, reveals the role of individual beliefs in sparking action to mitigate extreme weather risk.

Disasters like the Lahaina fire are a wake-up call revealing how unprepared we are to face simultaneous threats in a warming world.

Over the past several years, we have seen an increasing focus on climate change and other related environmental considerations from businesses worldwide. Most recently, the unprecedented increase in wildfire frequency and severity has highlighted a new and complex challenge for some businesses. 

In today's rapidly evolving business landscape of emerging technologies and capabilities, geopolitical instability and unforeseen global events, organizations are facing unprecedented challenges. Traditional notions of enterprise risk management and contingency planning are proving to be challenging in a new era where disruptions can strike from multiple fronts simultaneously. As a result, enterprise resiliency has emerged as a critical priority for organizations aiming to thrive in the face of adversity and uncertainty.