Press releases & notable news
Shocks, Black Swans and Climate Change
Alexandra Tracy, Chairman, Association for Sustainable & Responsible Investment in Asia (ASrIA)
19 March 2012
Since 2006, the World Economic Forum’s “Global Risks” report has presented an analysis of risks that are shaping the global environment. Its 2011 report provided a high level overview of 37 selected global risks as seen by members of the World Economic Forum’s Global Agenda Councils and supported by a survey of 580 leaders and experts around the world.
In the World Economic Forum’s view, a “global risk” is defined as having global geographic scope, cross-industry relevance, uncertainty as to how and when it will occur and high levels of economic and/or social impact, including the potential to cause economic damage of $10bn or more. This survey measured the perception of risk likelihood, risk impact (in dollars) and risk interconnections from 2010 to 2020, categorised into economic, environment, societal and geopolitical threats.