Major new risk and sustainability guidance published

Risk & Sustainability | 2023 provides significant guidance for those working in the fields of Risk, Resilience and Sustainability.  It aims to create change across organizations of all types to help deliver effective climate adaptation and sustainability objectives.   The guidance uses a risk-centric approach, based on international standards and industry good practice. 

 

International consensus agrees that the global economy must evolve at scale and pace to address a myriad of issues rooted in climate risks and threats to the sustainability of wider society.

 

Risk & Sustainability | 2023 provides significant guidance for those working in the fields of Risk, Resilience and Sustainability.  It aims to create change across organizations of all types to help deliver effective climate adaptation and sustainability objectives.   The guidance uses a risk-centric approach, based on the principles and framework of ISO 31000, along with other international standards and industry good practice. 

  

 

At its’ heart, risk management is about making informed, evidence-based decisions that create and protect value. Organizations looking to focus their sustainability and climate action can gain significant benefits by using the principles of risk management.

 

Through the development of a strategic, embedded, risk-based approach to sustainability organizations can likely improve the effectiveness of planning while managing the changing needs of the organization and its performance over the longer term. This approach largely uses existing systems and resources and is applied with clear objectives focused on understanding and prioritising transformative climate and sustainability action.

 

Throughout the guidance, there are 'Reality Checks'.  These are questions that help frame thinking and action using the principles and professional practice. These need to be worked through to effectively align your work with the broad base of strategic and operational objectives that will likely be needed.   

 

The report is part of an ongoing work stream looking at how risk management may need to evolve and what tools are needed to support organizations and their people. 

 

 

 

 

https://simplebooklet.com/risksustainability2023#page=1

 

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