New Institute of Risk Management report looks at risk trends in various sectors and regions
- Published: Friday, 24 February 2023 10:02
The Institute of Risk Management (IRM) has published IRM Risk Trends 2023, a new report that looks at the changing risk landscape impacting enterprise risk managers around the world.
IRM Risk Trends 2023 provides summaries from IRM Special Interest Groups, Regional Groups, and Chapters.
Introducing the report, IRM chair Stephen Sidebotton said:
“The world has never been more complex and volatile, as seen in the daily news and felt in Boardrooms. War, climate change, cyber-risks, the energy crises, the cost of living and the fallout from the pandemic is still sending shockwaves around all organizations.
“The World Economic Forum has recently published their Global Risks Report, permacrisis is not only the word of the year, but also the context in which people and organizations will need to learn how to navigate: systemic, interrelated challenges and risks increased volatility, shortages in natural resources (biodiversity loss, food, water, metals, and minerals) will be the new normal.
“As Saadia Zahidi, Managing Director at the World Economic Forum points out: ‘We are immersed in an era of polycrisis, where low-growth, low-investment and low-cooperation era further undermines resilience and the ability to manage future shocks’.
“In what seems like an increasingly fractious and changing world, I envisage the business response to global risks evolving throughout 2023 and beyond through investment in risk management capability, assessing and evolving your risk frameworks, continuously improving data insights, and building risk management skills throughout your workforce.”