Emerging Risks: Methodology, Classification and Policy Implications

Renn, Ortwin

doi:10.2991/jrarc.2014.4.3.1

Cited by 8 publications

(5 citation statements)

References 50 publications

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“…Disaster risk analysis can find out the areas and different groups prone to be affected by disasters (Tuladhar 2012;Pan 2012;Renn 2014), and this helps to improve the construction efficiency of the urban emergency shelters. Disaster risk reduction is important to disaster prevention from the planning perspective, especially in China (Zhai et al 2015).…”

Section: Disaster Risk Analysismentioning

confidence: 99%

A planning framework based on system theory and GIS for urban emergency shelter system: A case of Guangzhou, China

Chen

Zhai

Fan

et al. 2016

Human and Ecological Risk Assessment: An International Journal

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The urban emergency shelter is of great significance to disaster prevention and mitigation. In China, the demand is enormous for emergency shelters while their construction generally lags behind the economic and social development, which has resulted in heavy casualties and economic losses. This article considers emergency shelters as a complete system from systemic perspective and also proposes a planning framework for emergency shelter system, including the function, hierarchy, type, scale, layout, standard, and supporting-service system of the shelters. Then, an empirical study applying the framework in GIS platform in the urban emergency shelter planning of Guangzhou city was conducted and highly valued by local experts and citizens as a feasible scheme to guide the construction of emergency shelters, indicating that the framework is an appropriate tool for urban emergency shelter planning.

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Section: Disaster Risk Analysismentioning

confidence: 99%

A planning framework based on system theory and GIS for urban emergency shelter system: A case of Guangzhou, China

Chen

Zhai

Fan

et al. 2016

Human and Ecological Risk Assessment: An International Journal

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“…“Emerging risks refer to threats that are perceived to be potentially significant, but which may not be fully understood or assessed, thus not allowing risk management options to be developed with confidence” Renn ( 2014 : 114). Emerging risks are becoming progressively more challenging issues.…”

Section: Theoretical Frameworkmentioning

confidence: 99%

Flexibility and Resilience in Corporate Decision Making: A New Sustainability-Based Risk Management System in Uncertain Times

Settembre-Blundo

González-Sánchez

Medina-Salgado

et al. 2021

Glob J Flex Syst Manag

184

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Risk management plays a key role in uncertain times, preventing corporations from acting rashly and incorrectly, allowing them to become flexible and resilient. A global turbulence such as the COVID-19 pandemic has had a strong impact on individual companies and entire economic sectors, raising the question of whether a paradigm shift is necessary, in order to enable a new cycle of development that is much environmentally, socially and economically sustainable. This environmental and socio-economic context of profound uncertainty forces organizations to consider more carefully the risk factors affecting their business continuity, as well as how these factors relate to sustainability issues. However, there is a gap in knowledge about how risk management systems relate to sustainability management systems, and how both of them exert influence on business performance, especially from a theoretical point of view. The aim of this study is to address this gap, by developing a new interpretative framework for the analysis of risk management strategies in organizations. This approach has been identified in economic hermeneutics as an innovative methodological tool to improve the knowledge of risk and design the most appropriate management strategies. The paper provides two main results: the first one is the construction of a theoretical model that relates risk management to sustainability management; the second one is an operational framework of multidimensional risk assessment useful for analysis at different levels (business, competitive scenario and system). Finally, the model also makes it possible to carry out a sustainability assessment through risk evaluation in the perspective of the sustainable development goals.

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“…Compliance is essential to good business practices and deliberate effort to meet the stakeholder needs, hence encourages company to address environmental and social risks effectively (Rahardjo et al 2013). Also, risk governance which applies the principle of good governance is crucial to prepare for unexpected risks arising from sustainability issues (Renn, 2014). Furthermore, risk culture is foundational to efficient risk management practices.…”

Section: Literature Reviewmentioning

confidence: 99%

Meeting the Stakeholder Needs and Sustaining Business Through Sustainability Risk Management Practices: A Case Study of Malaysian Environmentally Sensitive Companies

Aziz

Manab

2019

Sustaining Our Environment for Better Future

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Sustainability issues such as climate change, carbon emissions, and energy consumption have become increasingly important issues among business organisations, academics and policy makers. Considering this complexity, stakeholders currently demanding companies to have a sound risk management that are aligned to their interest. Sustaining business requires a strong foundational on the economic, environmental and social aspects to address risks and capture value. Sustainability risk management (SRM) is a process that systematically integrates environmental, social, and economic aspects to address emerging risks and other non-quantifiable risk for company survival. This study aims to examine the impact of SRM practices on the company survival among the environmentally sensitive companies in Malaysia. A case study was carried out to examine the SRM implementation among the environmentally sensitive companies. The finding shows that leadership and compliance are considered as important factors in implementing SRM programme. Other factors such as sound risk culture, adequate risk management tools, and effective business continuity planning are crucial to support SRM implementation. Overall findings revealthat the companies are at the early stage implementing SRM programme and denote there is much room for improvement in the risk management process to create long-term value creation for the stakeholders. This study provides empirical evidence on the significance of SRM factors to the company survival. Given the huge environmental and social costs arising from sustainability issues, companies should intensify their effort to fully implement SRM programme across the organisation to sustain longer.

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Emerging Risks: Methodology, Classification and Policy Implications

Cited by 8 publications

References 50 publications

A planning framework based on system theory and GIS for urban emergency shelter system: A case of Guangzhou, China

A planning framework based on system theory and GIS for urban emergency shelter system: A case of Guangzhou, China

Flexibility and Resilience in Corporate Decision Making: A New Sustainability-Based Risk Management System in Uncertain Times

Meeting the Stakeholder Needs and Sustaining Business Through Sustainability Risk Management Practices: A Case Study of Malaysian Environmentally Sensitive Companies

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