Framework on management of emerging critical risks
The global risk landscape is rapidly evolving due to interconnected economies, societies,
and technologies. To manage emerging critical risks, governments must anticipate,
understand, and address these risks, which are transboundary, highly uncertain, and
systemic. This Framework, supporting the OECD Recommendation on the Governance of
Critical Risks, outlines a seven-step process for managing such risks. The steps include
identifying and assessing risks, sharing information, evaluating management maturity,
and developing strategic recommendations. Exercises are conducted to validate gaps
and proposed solutions, while strategic plans ensure flexibility and adaptability
in response to risks. Implementation integrates these emerging risks into traditional
risk management processes, fostering resilience against current and future challenges.
It provides a structured process for governments to validate identified gaps in knowledge,
authorities and capabilities needed to manage emerging risks and to validate plans
for building-in flexibility and adaptability to unforeseen or poorly understood risks.
Available from June 19, 2024
In series:OECD Public Governance Policy Papersview more titles