Environment is Key Global Risk in 2017

01-02-2017

According to the 2017 Global Risks Report, an annual survey that was published at the end of the World Economic Forum (WEF) in Davos, environmental risks are the most pressing issues we are facing.

The report features perspectives from over 750 experts and global decision-makers on the perceived impact and likelihood of 30 global risks and 13 underlying trends that could magnify these risks over the next decade. Trends such as extreme weather events, natural and man-made environmental disasters and ecosystem collapse coupled with a lack of mitigation and adaption to climate change will continue to pose a serious threat if immediate and long-lasting action is not taken. The report classifies risks according to likelihood and potential impact to show their importance, and this year environmental risks come out on top for the second year in a row.

Many societal risks included in the report are also closely linked to climate change and environmental degradation, including large scale involuntary migration, water crises and food crises. It also highlights the need for multi-stakeholder international cooperation when tackling environmental risks. Although 2016 brought some success in addressing climate change, the pace of change is not yet fast enough.

Faced with increasing sustainability demands and regulatory requirements, businesses have a very important role to play in minimising such risks. By reducing their environmental impact and that of their supply chain operations, companies will be contributing to reverting such trends and BEPI can be of great help to companies in this journey. BEPI uses industry best practice alongside practical technical expertise to increase supply chain visibility and support businesses to prioritise key areas of improvement to achieve lasting results.

Find out more about BEPI’s services or learn how to become a member and work towards building sustainable supply chains.

Contact: Anouschka Jansen, Senior Manager Environmental Programmes

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