Institute of Risk Management Announces New Climate Change Special Interest Group
The Institute of Risk Management (IRM) is delighted to announce the formation of a new Climate Change Special Interest Group (CC SIG) for its members to better understand the risks associated with climate change.
Martin Massey, MIRM, is the newly appointed Chairman for the IRM CC SIG, and will be hosting the inaugural event next month entitled: “The role of the risk manager in assessing climate risks”.
Martin has years of experience in risk management including working for some of the leading global insurance and risk organisations including: Swiss Re, Willis, Aon, AIG and Marsh.
Martin explains why the CC SIG has been formed:
“Today's world is increasingly defined by unpredictable events with severe and lasting consequences that impact on an organisation's ability to survive and thrive. Effective business risk managers must develop greater global situational awareness to understand and stay ahead of these direct and indirect risks.
As the professional body that trains, promotes and improves standards in risk management, the formation of this group is to provide a platform for our membership who work with climate change risks on a regular basis”.
The main purposes of the CC SIG are to:
- Research and collate climate change risk management best practices and solutions;
- Develop a strong committee with a wider representation of members across different industry sectors;
- Support IRM’s goals including increasing membership and developing educational training for members; and
- Hold monthly meetings with the core committee members and organise 3-4 events a year.
IRM Chair, Iain Wright, CFIRM explains:
“The recent Global Risks Report 2020 from the World Economic Forum has highlighted that risks linked to climate change counted for three of the top five global risks*
There is an expectation from key stakeholders including regulators that existing risk management frameworks will need to address risks from climate change and thus the scope of the CC SIG will be to support how organisations enhance the maturity of their risk frameworks from identifying through to reporting climate change risks.
I’d like to thank Martin for stepping into the role as Chair of this group and look forward to seeing the outputs going forwards”.
Details of the IRM CC SIG event: The role of the risk manager in assessing climate risks.
Date: 17th February, 2020 from 16:00 - 18:00.
Venue: Nationwide London, 1 Threadneedle Street, London, EC2R 8AL.
Event registration: This event is now fully booked. To join the wait list, please click here.