World Economic Forum: water is top global risk for next decade
Jan 26, 2016
Environmental risks have come to prominence in the global risks landscape in 2016. The World Economic Forum: The Global Risks Report 2016 has been published and has identified water as the number one global risk for business and society in the coming decade.
“Climate change is exacerbating more risks than ever before in terms of water crises, food shortages, constrained economic growth, weaker societal cohesion and increased security risks. Meanwhile, geopolitical instability is exposing businesses to cancelled projects, revoked licenses, interrupted production, damaged assets and restricted movement of funds across borders. These political conflicts are in turn making the challenge of climate change all the more insurmountable – reducing the potential for political co-operation, as well as diverting resource, innovation and time away from climate change resilience and prevention,” said Cecilia Reyes, Chief Risk Officer of Zurich Insurance Group.
More information and the full World Economic Forum: The Global Risks Report 2016 can be found here.
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