Institute of Risk Management Announces New Climate Change Special Interest Group

Toronto, ON (Jan. 28, 2020) – The Institute of Risk Management (IRM) is delighted to announce the formation of a new Climate Change Special Interest Group (CC SIG) for its members to better understand the risks associated with climate change.

Martin Massey, MIRM, is the newly appointed Chairman for the IRM CC SIG, and will be hosting the inaugural event next month, entitled “The role of the risk manager in assessing climate risks.”

Martin has years of experience in risk management including working for some of the leading global insurance and risk organizations, including Swiss Re, Willis, Aon, AIG, and Marsh.

“Today’s world is increasingly defined by unpredictable events with severe and lasting consequences that impact on an organization’s ability to survive and thrive,” said Massey. “Effective business risk managers must develop greater global situational awareness to understand and stay ahead of these direct and indirect risks. As the professional body that trains, promotes and improves standards in risk management, the formation of this group is to provide a platform for our membership who work with climate change risks on a regular basis.”

The main purposes of the CC SIG are to:

  • Research and collate climate change risk management best practices and solutions;
  • Develop a strong committee with a wider representation of members across different industry sectors;
  • Support IRM’s goals including increasing membership and developing educational training for members; and
  • Hold monthly meetings with the core committee members and organise 3-4 events a year.

“The recent Global Risks Report 2020 from the World Economic Forum has highlighted that risks linked to climate change counted for three of the top five global risks,” said Iain Wright, IRM Chair, CFIRM. “There is an expectation from key stakeholders including regulators that existing risk management frameworks will need to address risks from climate change and thus the scope of the CC SIG will be to support how organizations enhance the maturity of their risk frameworks from identifying through to reporting climate change risks.”

“I’d like to thank Martin for stepping into the role as Chair of this group, and I look forward to seeing the outputs going forward,” added Wright.

Learn more about the Climate Change SIG.

About the Institute of Risk Management

The IRM is the leading professional body for Enterprise Risk Management. We help build excellence in risk management to improve the way organizations work.

We provide globally recognised qualifications and training, publish research and thought leadership and set professional standards, which define the knowledge, skills and behaviours today’s risk professionals need to meet the demands of an increasingly complex and challenging business environment.

IRM members work in many roles, in all industries and across the public, private and not-for-profit sectors around the world. We are independent and not-for-profit.

Source: Institute of Risk Management (IRM)