Risks

A global risk is defined as an occurrence that causes significant negative impact for several countries and industries over a time frame of up to 10 years. A key characteristic of global risks is their potential systemic nature – they have the potential to affect an entire system, as opposed to individual parts and components. Global risks can only be effectively dealt with if there is a common understanding of their importance and interconnected nature, and a readiness to engage in multistakeholder dialogue and action.