The latest enterprise risk management news from around the world

Climate change is now the number one risk to organizational growth say CEOs

CEOs have named climate change as the top risk to organizational growth in 2019, ahead of technological disruption, return to territorialism, cyber security and operational risk, according to the findings from KPMG’s 2019 Global CEO Outlook. This marks the first time in the five-year history of the survey that climate change ranked top of the list.

The study, which surveyed 1,300 CEOs across 11 key markets and 11 key industry sectors, indicated that more than three-quarters (76 percent) of those surveyed said that their organization’s growth will depend on their ability to navigate the shift to a low-carbon, clean-technology economy. 

Cyber security risk dropped from being seen as the second highest risk to organizational growth in 2018 to the fourth in 2019; with ‘Emerging/disruptive technology risk’ moving from third place in 2018 to second in 2019.

The top risks to organizational growth:

2019

  • Environmental/climate change risk
  • Emerging/disruptive technology risk
  • Return to territorialism
  • Cyber security risk
  • Operational risk.

2018

  • Return to territorialism
  • Cyber security risk
  • Emerging/disruptive technology risk
  • Environmental/climate change risk
  • Operational risk.

More details.



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