Formal Risk System Challenges

Anna Dowbiggin ()
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Anna Dowbiggin: University of Guelph-Humber

Chapter Chapter 5 in Climate Risk and Business, 2021, pp 75-93 from Springer

Abstract: Abstract Shifts and adjustments to formal risk systems created by climate risk exposure are likely to involve changes in the risk model of the firm, modifications to the practice of risk identification, and assessment to support management decision-making over corporate risk responses. Current risk taxonomies, prioritization criteria, and assessment tools may be rendered inadequate and in need of upgrading to accommodate the new risk category of climate risk.

Keywords: Risk model; Risk identification; Risk assessment; Risk indicators; ERM; Risk criteria; Risk taxonomy (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-78244-3_5

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DOI: 10.1007/978-3-030-78244-3_5

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