Updated 17 March 2022: The UK and EU keep up the pace of sanctions against Russia amid sustained Ukraine conflict.

[Click télécharger - "download" - but document is in English] From AMRAE, Airmic’s sister association in France – Risk-taking is inherent to a company in its pursuit of value creation. However, due to the radical transformation of some “traditional” business models, increased digitalisation of the economy, development of new technologies, multiplication of regulations, geopolitical uncertainties, changes in society, or the challenges of climate change, corporate risks are changing rapidly.

The UK must be better at anticipating, preparing for and responding to a range of challenging risk scenarios, including those which it has never experienced before. The report emphasises that the Government’s current strategy of centralised and opaque risk assessment and risk management, which fails to make adequate preparations, has left the UK vulnerable.

There is no doubt the next decade is “the critical decade” for climate action, with the COP26 summit in Glasgow last November seen as the turning point. The summit allowed countries to establish a common ground, and collectively find ways to overcome barriers to achieve climate objectives.