> Return to the #103 Newsletter
In a world where constant change and unforeseen challenges are the norm, navigating risks is essential. As organizations face growing economic uncertainty, technological disruption, volatile geopolitical situations, and the myriad threats and challenges posed by climate change, executives need to embrace uncertainty as a catalyst for innovation and growth. Understanding and effectively managing risks become paramount, requiring a comprehensive overview of risk management for long-term business success. This includes identifying, assessing and mitigating potential threats.
Arming yourself with knowledge is the first step towards resilient and successful leadership. To that end, we have included in this newsletter a curated selection of resources to help you navigate today’s increasingly uncertain world. Wishing you insightful reading and strategic empowerment.
1. Top Global Risks
World Economic Forum. Global Risks Report 2024
The WEF’s Global Risks Report explores some of the most severe risks we may face over the next decade.
EC INFORM. INFORM Risk Index 2024
INFORM is a collaboration of the Inter-Agency Standing Committee Reference Group on Risk, Early Warning and Preparedness and the European Commission. It also publishes INFORM Severity Index and INFORM Climate Change.
European Parliamentary Research Service (EPRS). Future Shocks 2023
The annual ‘Future Shocks’ series reviews global risks, with a focus on specific risks and the capabilities and resilience of the EU system in the face of multiple challenges.
Atlantic Council. Global Foresight 2024
Atlantic Council, a Washington, D.C.-based think tank that focuses on international affairs, identifies the 10 most pressing global risks and analyzes their potential impact on the United States and the world.
RAND. Global and Emerging Risks
RAND Corporation, a U.S.-based think tank that focuses on public policy research, develops novel methods and delivers rigorous research on catastrophic risks to humanity.
Stockholm International Peace Research Institute (SIPRI)
Independent institute focused on global security consistently ranked among the top global think tanks.
UN Global Assessment Report on Disaster Risk Reduction 2024
United Nations Office for Disaster Risk Reduction (UNISDR) provides a comprehensive assessment of disaster risk at the global, regional, and national levels.
Facts, figures, and graphs about the biggest risks the planet faces in the 21st century. In the above link Statista introduces the concept of the Polycrisis, an era of overlapping and mutually reinforcing crises affecting human societies.
2. Global Risks Trends and their Potential Impact on Businesses
Insights drawn from the results of a survey of over 700 risk professionals worldwide.
Accenture. Pulse of Change 2024
A global survey of more than 3,400 C-suite executives across 20 countries, 19 industries and a full range of corporate functions that captures their perceptions of change. The report also provides an in-depth analysis of business disruption trends.
Allianz Risk Barometer 2024 (Pre-registration is required.)
The most important corporate concerns for the year ahead, ranked by 3,069 risk management experts from 92 countries and territories.
AON. Global Risk Management Survey
The report draws on data from risk, finance, C-suite, and HR leaders across 61 countries and territories, involving 2,842 participants.
Deloitte. The Future of Risk: New Game, New Rules 2024
Discusses the impact of key global risk trends on businesses and offers insights into how businesses can adapt to them.
Preeminent source of ideas on the management of emerging risks and trends for financial services organizations.
Marsh. The Global Risks Report
The top risks for 2024 and beyond. Data and insights from more than 1,400 global experts and leaders.
Statista. Leading Risks to Businesses Worldwide from 2018 to 2023
Data sourced from Allianz Worldwide for the period 2018 to 2023, with 2,712 respondents consisting of risk management experts from 94 countries and territories.
3. Country Risks
Business Source Ultimate. Country Reports
Contains country reports from various publishers such as S&P Global, IHS Markit Ltd., and PRS Group (Political Risk Group). In the advanced search, enter the country name in the search box and limit the search by selecting ‘Country report’ under ‘Publication type’.
Contains country PEST Analysis. Find country PEST analysis by navigating to: Economies > Explore Analysis > Choose “Economy, Finance and Trade” > Select “Country Report” > Choose your desired Geography.
Enter the country name in the search box and click on the ‘All research’ arrow to filter by ‘Country Profiles.’ You will retrieve a Country Analysis Report with in-depth PESTLE insights.
OECD. Country Risk Classification
List of country risk classifications publicly available and published on the OECD website by Export Credit Agencies experts.
Bloomberg Country Risk Assessment
The Bloomberg Country Risk Assessment spreadsheet provides comprehensive, historical risk profiles and relative risk scores for more than 80 countries.
Type XLTP XCRA <GO>
To view Bloomberg Country Risk tickers on Bloomberg terminal run: ECST S Bloomberg Country Risk. Individual sub-scores for currency (ALLX EICU), banking (ALLX EIBA), and sovereign risk (ALLX EISO) can be accessed as well.
Country Risk Premium: Bloomberg calculates the country risk premium as the return on a country’s stock market minus the risk free rate (typically government bonds) for the country. A recent figure for the United States is 7.09% where the risk free rate is 2.78% (ten year U.S. bonds) and the market rate is 9.88% (return on the S&P 500). For access type CRP<GO>.
World Market Risk: Retrieve market risk data by country or region. Type ‘MROV’ in the search box.
A measure of adverse geopolitical events and associated risks based on a tally of newspaper articles covering geopolitical tensions and examining their evolution and economic effects since 1900. Country-specific indexes are also provided for 44 different countries.
4. Industry Risks
Contains Industry Profiles, Value & Supply Chain Analysis, Five forces analysis and SWOT analysis for companies. Type in the search box the industry you are interested in and click on the “all research” arrow to filter by “Industry profile”.
Passport anticipates industry, economic and consumer trends and how to best navigate and lead disruptive change.
5. Financial Risks
LSEG Workspace
(For desktop application or web access please email library@iese.edu)
– Starmine Credit Risk – Structural Model
The StarMine Structural Credit Risk model evaluates the equity market’s view of the probability that a company will default over the next 1-year period. Once at LSEG Workspace type CRS.
– Starmine Equity Risk Premium
Facilitates calculation and comparison of equity risk premiums among major equity markets with charting, export and customization features. Once at LSEG Workspace type ERP.
To display all the APPs available type APPLIB and limit by typing “Risks” in the search box.
6. Technology Risks
Gartner (You must keep the database open to download the full Gartner reports).
Find several analysts reports on technology applied to business, such as:
– Predicts 2024: Demand for Generative AI Will Drive Higher IT Contracting Risks and Costs
– Market Guide for Supplier Risk Management Solutions
– Top Trends in Cybersecurity for 2024
7. Environmental Risks
Find OECD reports, working papers and policy briefs on climate change. Explore the content and search by theme with keywords or by country.
LSEG Workspace
(For desktop application or web access please email library@iese.edu)
– Climate Physical Risk Monitor
Provides physical risk exposure assessment at physical asset and company levels to enable further integration into relevant risk management strategies and climate related reporting.
Type PHYSRISK in the search box.
To display all the APPs available type APPLIB and limit by typing “Risks” in the search box.
UN Environmental Programme UNEP
UNEP monitors the state and health of the planet, ensures that science remains at the center of decision-making processes, and that environmental rule of law continues to underpin global environmental governance.
8. Risk Management Literature
IESE Professors Publications – Risks
Discovery – Risk Management. Books, articles and more.
Business Source Ultimate – Risk Management