Every year, prior to the big event in Davos Switzerland where movers and shakers from around the world get together, the World Economic Forum produces a Global Risks Report. The report includes a survey of around one thousand members of their stakeholder communities. The results reported are worth the attention of executives that participate in risk management programs at their companies.
The top 5 global risks in terms of likelihood are:
- Extreme weather conditions
- Failure of climate-change mitigation and adaptation
- Natural disasters
- Data fraud or theft
- Cyber-attacks
The top 5 risks in terms of impact include:
- Weapons of mass destruction
- Failure of climate-change mitigation and adaptation
- Extreme weather events
- Water crises
- Natural disasters