Ferma says new EC climate change reporting guidelines stress business case for risk managers

Ferma says new EC climate change reporting guidelines stress business case for risk managers

Ferma says new EC climate change reporting guidelines stress business case for risk managers

Ferma has welcomed the new guidelines on corporate climate-related information reporting published by the European Commission last week. It said the guidelines further state the “strong business case” for the risk management community in this increasingly important area. The guidance advises roughly 6,000 EU-listed firms, banks and insurance companies covered by the EU Non-Financial Reporting Directive (NFRD) on how they…

Risk managers need to up game on sustainability risks

Risk managers need to up game on sustainability risks

Risk managers need to up game on sustainability risks

As reporting requirements and corporate exposures to climate change and social upheaval increase, risk managers will need to engage more with environmental, social and governance (ESG) risks, according to a number of risk management bodies. Despite growing awareness of ESG-related risks among investors and at a board level, risk managers in many organisations have yet to engage with ERG risks.…

Fast-changing business environment demands acrobatic risk management skills

Fast-changing business environment demands acrobatic risk management skills

Fast-changing business environment demands acrobatic risk management skills

Risk managers need to develop balancing skills that would not be out of place in a circus if they are to succeed in today’s ever more challenging environment. But being able to walk the organisational tightrope is not enough. They are also expected to continually upgrade their knowledge to keep pace with external risks faced by companies. These were some…

ESG and cyber risks create communication challenge for risk managers

ESG and cyber risks create communication challenge for risk managers

ESG and cyber risks create communication challenge for risk managers

As companies become more exposed to cyber and environmental, social and governance (ESG) risks, risk managers must step up to new challenges. Among other things, they must learn to communicate about subjects that, until recently, were not part of their daily jobs. The challenge is compounded by the fact that ESG topics often appear unrelated to a company’s balance sheet,…

Airmic members crave more strategic role: survey

Airmic members crave more strategic role: survey

Airmic members crave more strategic role: survey

Airmic’s latest member survey has found a profession that craves greater opportunity to influence strategic decision-making within organisations, with more than half believing that developing communication skills is key to achieving this goal. Speaking about the survey’s findings, Airmic said risk managers are gaining more boardroom influence to shape strategy, but said many in the profession need to upskill to…

Risk managers should grasp opportunity provided by risk reporting trend, says Airmic

Risk managers should grasp opportunity provided by risk reporting trend, says Airmic

Risk managers should grasp opportunity provided by risk reporting trend, says Airmic

Risk managers should use rising risk reporting requirements to raise their profile and reach out to other business functions, according to Airmic. UK companies have been subjected to a slew of new reporting requirements, many of which are focused on risk. Listed or large companies are now required to report on gender pay, modern slavery in the supply chain, executive…

Airmic expands offering for new world of risk

Airmic expands offering for new world of risk

Airmic expands offering for new world of risk

Airmic is expanding its support for members as the fast-changing risk landscape makes new demands on risk management and insurance, according to John Ludlow, the association’s chief executive. The future risk environment will require greater levels of collaboration within organisations, and between buyers, insurers and brokers, he stressed. Speaking to CRE ahead of Airmic’s annual conference in Harrogate, Mr Ludlow…

Sustainability moving up the agenda

Sustainability moving up the agenda

Sustainability moving up the agenda

Risk managers taking part in the UK leg of our Risk Frontiers Europe project, sponsored by HDI Global, reported a growing focus on sustainability in their organisations and business community as a whole. Risk management has a vital role to play in helping companies deliver on this crucial topic, they added. UK risk managers taking part in our Risk Frontiers…

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