Swiss Re’s Post

In 1986, a fire at a chemical plant in Schweizerhalle, Switzerland, caused a massive environmental disaster. Our Chief Risk Officer Patrick Raaflaub talks about how overlooked risks led to this catastrophe, and how our latest SONAR report helps identify and manage new and emerging risks. 📡Read his blog on tackling risks before it's too late: https://ow.ly/U8lI30sEB1x

In 1986, a fire at a chemical plant in Schweizerhalle, Switzerland, caused a massive environmental disaster. Our Chief Risk Officer Patrick Raaflaub talks about how overlooked risks led to this catastrophe, and how our latest SONAR report helps identify and manage new and emerging risks. 📡Read his blog on tackling risks before it's too late: https://ow.ly/2IZu50So5qS

In 1986, a fire at a chemical plant in Schweizerhalle, Switzerland, caused a massive environmental disaster. Our Chief Risk Officer Patrick Raaflaub talks about how overlooked risks led to this catastrophe, and how our latest SONAR report helps identify and manage new and emerging risks. 📡Read his blog on tackling risks before it's too late: https://ow.ly/KSVK30sEw0m

In 1986, a fire at a chemical plant in Schweizerhalle, Switzerland, caused a massive environmental disaster. Our Chief Risk Officer Patrick Raaflaub talks about how overlooked risks led to this catastrophe, and how our latest SONAR report helps identify and manage new and emerging risks. 📡Read his blog on tackling risks before it's too late: https://ow.ly/sfk230sEv7S

Environmental reserve management, while mandatory in many instances, is an often forgotten or under-optimized part of the overall risk mitigation process. In this blog, Daniel Smith, P.E. explores why it's important to look at environmental cash reserves differently: https://bit.ly/3WfgaYy #RiskMitigation #Environmental

Environmental risks could hit the point of no return: It is seen as the second-most severe risk over the two-year time frame and similar to last year’s rankings, nearly all environmental risks feature among the top 10 over the longer term (Figure below). Download the 2024 Global Risk Report here: https://lnkd.in/dkwzA-fK

In the aftermath of a natural disaster, businesses face more than just property damage and interruption. Environmental risks often overlooked can pose health and safety hazards, financial burdens, and damage to reputation. Effectively mitigating these risks involves comprehensive environmental risk assessments, robust risk management plans, resilient infrastructure, proactive pollution prevention, employee training, legal compliance, and adequate insurance coverage. Be prepared, stay aware, and safeguard your business from the often-unseen aftermath of natural disasters. #PowerThroughPartnership #RiskManagement #NaturalDisasters #BusinessPreparedness

The risks are great in both the near and long term. I would like to see a similar report from WEF on the Top 10 Opportunities.

There's a new number 1 in this year's World Economic Forum Global Risks Report! “Misinformation and disinformation” was ranked as the risk most likely to have an impact on the world in the next two years, according to the 2024 report. But environmental risks continued to hold sway over the minds of survey respondents, with “extreme weather events” coming in at number two risk over a two-year time frame and atop the list of risks over a 10-year period. For more on the annual risk barometer, click here - https://spkl.io/60404QTmo #GRR24 #GlobalRisks

Climate Change – Understanding the Causes Did you know that: Landscape Transformation: Changes in land use, especially in intensive farming areas, have drastically altered the UK landscape, making it almost unrecognizable compared to what your great-grandparents would have known. Loss of Native Flora: Vast fields now span entire valleys and hills, leading to the near-total disappearance of native flowers from farmland. Impact of Chemicals: The use of chemical fertilizers and weedkillers has eradicated many plant species. Habitat Destruction: The clearance of wilderness areas, destruction of wildflower meadows, and pollution and draining of natural watercourses have devastated the habitats of many native birds and plants. Are you aware of the significant impact climate change has on the UK economy? If you want to learn more about climate change and discover how you can make a difference, visit www.peakgovernance.co.uk and register for one of our Carbon Literacy courses, accredited by The Carbon Literacy Project. #ClimateChange #CarbonLiteracy #Sustainability #EnvironmentalImpact #Training #Leadership #CarbonLiteracyProject