Understanding Risk • 23
Global Risks Every year, the Global Risks Report is prepared by the Global Risks Network ahead of the World Economic Forum in Davos. The Report is based around 30 Global Risks, which are defined as “an uncertain event or condition that, if it occurs, can cause significant negative impact for several countries or industries within the next ten years”. Each year, the set of risks is assessed to identify any changes in the likelihood and impact of a significant threat occurring as a result of particular risks. The 30 Global Risks fall into five categories:
Geopolitical, Economic, Societal, Technological and Environmental, so they are roughly comparable with the elements of a PESTLE analysis.
