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The Science of Climate Change

Climate change is no longer a distant threat or just a possibility, it is now a reality for all of us. In this pathway, Kevin Trenberth, a renowned climatologist, delves into the science behind climate change. He first introduces the climate system, its main components and forces.

Tackling the Plastic Crisis

Plastic pollution is by far the biggest threat to our oceans and this remains an incredibly tough problem to solve. Plastic credits could potentially serve as one of the much needed solutions for this crisis.

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The Scale of the Net Zero Challenge

The price of meeting net zero is estimated to be between $100-150 trillion over the next 30 years. Regardless of this cost, we need to reach net zero before climate change does irreversible damage to the environment and the economy.

ESG, Sustainability and Impact Jargon Buster

ESG, sustainability, impact… they all just mean green, right? Not quite. Despite being used often interchangeably, there are distinct differences between these terms.

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Featured Pathways

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The Science of Climate Change

Climate change is no longer a distant threat or just a possibility, it is now a reality for all of us. In this pathway, Kevin Trenberth, a renowned climatologist, delves into the science behind climate change. He first introduces the climate system, its main components and forces.

Tackling the Plastic Crisis

Plastic pollution is by far the biggest threat to our oceans and this remains an incredibly tough problem to solve. Plastic credits could potentially serve as one of the much needed solutions for this crisis.

More pathways

Ready to get started?

PLANS & MEMBERSHIP

Our Platform

Expert led content

+1,000 expert presented, on-demand video modules

Learning analytics

Keep track of learning progress with our comprehensive data

Interactive learning

Engage with our video hotspots and knowledge check-ins

Testing & certification

Gain CPD / CPE credits and professional certification

Managed learning

Build, scale and manage your organisation’s learning

Integrations

Connect Sustainability Unlocked to your current platform

Featured Content

More featured content

The Scale of the Net Zero Challenge

The price of meeting net zero is estimated to be between $100-150 trillion over the next 30 years. Regardless of this cost, we need to reach net zero before climate change does irreversible damage to the environment and the economy.

ESG, Sustainability and Impact Jargon Buster

ESG, sustainability, impact… they all just mean green, right? Not quite. Despite being used often interchangeably, there are distinct differences between these terms.

More featured content

Ready to get started?

Ready to get started?

Risk Management Introduction

Risk Management Introduction

Hans-Kristian Bryn

35 years: Strategic risk management and governance

In the first video of his series on risk management, Hans addresses a range of related topics that address different types of risks and why risk management is not a 'nice to have' but a 'need to have' for businesses. He also introduces how to categorise risks impacting businesses, from external risks to strategic and operational risks. 

In the first video of his series on risk management, Hans addresses a range of related topics that address different types of risks and why risk management is not a 'nice to have' but a 'need to have' for businesses. He also introduces how to categorise risks impacting businesses, from external risks to strategic and operational risks. 

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Risk Management Introduction

13 mins 5 secs

Key learning objectives:

  • Define risk management

  • Identify the key risk management activities

  • Understand why there is an increased focus on risk management

Overview:

Enhanced risk management is a need not a nice to have. Done correctly, the benefit to the organisation far outweighs the cost and process involved, provided that the organisation focuses on value protection and value enhancement rather than compliance only.

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Summary

What is Risk Management?

The ISO 31000 states that:

Risk Management is the process which aims to help organisations understand, evaluate and take action on their risks with a view to increasing the probability of their success and reducing the likelihood of failure.

In the UK, The Financial Reporting Council defines Principal Risks as:

A risk or combination of risks that can seriously affect the performance, future prospects or reputation of the entity. These should include those risks that would threaten its business model, future performance, solvency or liquidity.

What are the key risk management activities?

  • Step 1 - Risk identification - what are the key risks facing the business?
  • Step 2 - Risk assessment / quantification - how important is the risk or what impact could the risk have on our business?
  • Step 3 - Risk management / mitigation - what management actions can we take to bring the risk to an acceptable level?
  • Step 4 - Risk reporting - what is the level of risk, velocity, effectiveness of management and mitigation?

Why is there increased focus on risk management?

Prior to Covid, Boards were increasingly concerned with how the impact of unforeseen or unmanaged risks could harm their business. Many organisations have discovered that their investments or strategy decisions did not result in the performance boost that they had anticipated.

One of the numerous reasons for this is that the economic and political environment in which we make decisions has grown more unpredictable. VUCA is a term that has found its way from the military to the boardroom. It stands for Volatility, Uncertainty, Complexity, and Ambiguity. When faced with growing VUCA, having a clear process for recognising and analysing risks becomes even more crucial.

What are the decisions that merit enhanced risk analysis

  • Business model optimisation
  • Investments and divestments
  • Market entry
  • Product strategy
  • M&A
  • JV partner selection
  • Customer proposition
  • Cost optimisation
  • Channel strategy

What value can be generated from better risk management?

Risk management can provide tangible value:

 

  • Defensively - A structured risk management process can protect value by understanding and managing exposures better to avoid unwanted volatility.

 

 

  • Proactively - The risk management process can support the organisation in enhancing value by increasing clarity of risk appetite, and incorporating risk-return considerations in planning and decision-making.

 

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Hans-Kristian Bryn

Hans-Kristian Bryn

Hans-Kristian Bryn is a strategic risk and governance advisor with over 20 years of partner level advisory experience. He is currently a senior advisor to Boards and ExCo's listed on the FTSE 100 & FTSE 250 on risk management and governance related matters. Prior to private advisory, Hans was a partner at firms such as Oliver Wyman and PwC and worked across a wide range of sectors.

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