Triple Bottom Line Risk Management

With the successful management of business risk, a company has the potential to improve the triple bottom line the social, environmental, and financial account ability of a business. In fact, the Institute of Chartered Accountants believes that well executed risk management practices can potentially provide a greater likelihood of achieving business objectives, a lower cost of capital, a better basis for strategic direction setting, and fewer sudden and unwelcome surprises.Written by experts with a collective 60 years of consulting experience, this book will broaden your understanding of business risk assessment techniques. You ll find innovative ideas that you can use to improve your business risk assessment processes and formulate well informed risk management decisions that satisfy corporate objectives. The authors also present numerous real world case studies so you can clearly see how other business managers have used a new risk characterization and assessment approach to improve their business risk management practices.Triple Bottom Line Risk Management introduces the RISQUE method (Risk Identification and Strategy Using Quantitative Evaluation), which can be used to assess and quantify business risks in a way that can be proactively addressed in a company s business management strategy.It incorporates a quantitative risk assessment process that translates intangible environmental and social risks into financial measures that can be used to develop risk treatment strategies. With this method, you ll be able to make informed, defensible, risk management decisions.As you uncover the new ideas presented in this comprehensive book, you will: Gain a basic understanding of the methodology, assumptions, advantages, and disadvantages of the RISQUE method Discover how the RISQUE method can be applied to specific areas within your businesses to reduce negative risk and increase opportunities Learn how to implement a risk management process that will demonstrate commitment to triple bottom line managementFocused on the needs of the business manager, Triple Bottom Line Risk Management will provide you with the tools and guidance to achieve your desired risk management outcomes.