World Economic Forum Releases Latest Global Risks Report
This year’s report from the World Economic Forum (WEF) highlights the urgent need for collaborations between businesses, policy makers, and world leaders, in order to stave off the worst threats to the environment, public health, technology, and more.
The WEF’s Global Risks Report 2020 – based on the responses of 750 global experts – warns of increased domestic and international divisions and possible economic slowdown, all while failing to address continually mounting threats to the globe.
For the first time in its 10-year outlook, the top five most likely global risks are all environmental:
“There is mounting pressure on companies from investors, regulators, customers, and employees to demonstrate their resilience to rising climate volatility,” said John Drzik, Chairman of Marsh & McLennan Insights. “High profile events, like recent wildfires in Australia and California, are adding pressure on companies to take action on climate risk at a time when they also face greater geopolitical and cyber risk challenges.”
The most severe impacts, meanwhile, would be felt by these top five risks:
Click here to download the complete report.