Future Global Shocks

Improving Risk Governance

European Parliament | 2022

This report addresses risks and building capabilities for Europe in a contested world. The coronavirus crisis has demonstrated that the European Union faces various risks, that those disparate risks are interlinked, and that the response to such challenges to the Union is stronger with the Union and its Member States acting together.

Russia’s war on Ukraine, launched while this study was being drafted, shows us more than just the added value of the Union’s concerted action and the ability of EU institutions and Member States to find new and effective solutions to deal with major shocks.

Risks and policy responses linked

This paper, the first in an annual series, seeks to assess the risks to, and capabilities and resilience of, the EU system. Building on a review of global risks, it considers specific risks with the potential to harm Europe and its people in detail.

It then sets out options for policy responses to ensure Europe can address the dangers of such risks and minimise the potential damage. Among the options set out are those previously included in European Parliament resolutions, in positions from other EU institutions, and in policy papers from think tanks and stakeholders.

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The future of risk

Ernst & Young | 2009

Protecting and enabling performance: albeit painful, progress ultimately results from crisis. The current downturn is causing companies to challenge their risk management processes and ask how they can further improve their risk management efforts.

Against this backdrop, we conducted a survey to provide a snapshot of the current risk environment and to understand organizational attitudes toward enterprise risk management. We were also interested in understanding how recent events have impacted approaches to risk management and organizations’ abilities to identify and manage different types of risk. Never has there been a more critical time to define a path forward for the “future of risk”. 

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COSO

Committee of Sponsoring Organizations (COSO) | 1985

This Internal Control—Integrated Framework was developed by the Committee of Sponsoring Organizations (COSO) of the Treadway Commission.

The American Accounting Organization (AAA), American Institute of Certified Public Accountants (AICPA), Financial Executives International (FEI), Institute of Internal Auditors (IIA), and Institute of Management Accountants (IMA) Organizations seeking to scale find that this framework offered an approach to enterprise risk management (ERM) sensitive to variability from one organization to the next.

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Multi-level governance

Jack Kruf | december 2022

Meerlagig bestuur vormt een essentieel onderdeel van het navigeren door de publieke sector. Net als in de natuur zijn er invloeden die op en neer gaan tussen de lagen van het ecosysteem. Als stadsmanager en gemeentesecretaris heb ik bijvoorbeeld het komen en gaan ervaren van nationale beleidsplannen, regels en wetgeving naar beneden toe, en financiële en politieke invloeden naar boven toe, evenals de samenwerking tussen verschillende bestuurslagen bij complexe projecten of programma’s. Maar wat is meerlagig bestuur precies? Waar komt de term vandaan? Hoe wordt deze gebruikt? Een korte studie.

Het is een benadering in de politicologie en de theorie van het openbaar bestuur die voortkomt uit studies over Europese integratie. Volgens Piattoni (2001) ontwikkelden politicologen Liesbet Hooghe en Gary Marks het concept van multi-level governance in het begin van de jaren negentig.

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Seizing the day

PriceWaterhouseCoopers | 2010

The impact of the global financial crisis on cities and local public services: the ‘Great Recession’ has had a dramatic impact on the financial services sector and other areas of the private sector and highlighted the importance of the role of government at international and national levels in addressing global and systemic risks.

But what has been the global financial crisis’s impact on cities and local governments’ roles and brands? How have their budgets (both costs and revenues) been affected? And how confident are local government leaders in their ability to deal with future threats and, most importantly, effectively and swiftly respond to these challenges?

This report addresses these issues based on the findings of an international survey of city and local government leaders, which sought to gauge their reactions and understand their responses to the global financial crisis. It is clear from their reactions that local government leaders have already seen a significant impact on their organisations and brands and a collapse in revenues.

Tough times, hard choices

Tough times are driving innovation, collaboration, and service design and rationalisation. There are winners and losers—local government leaders, particularly in developed countries, who are facing the need to transform in the face of an impending crisis. In contrast, others, particularly in developing countries, have the opportunity to learn the lessons and leapfrog to new models of service delivery, particularly focusing on early intervention and prevention and making more use of commissioning.

Now is a time to get back to basics and focus on those functions where cities and local governments can add the most value and retain the talent critical to these core functions. Greater collaboration between public sector agencies, private and voluntary/not-for-profit organisations, and spatially across geographies is also needed.

Our goals in publishing this report are to outline the challenges and opportunities facing local government leaders following the onset of the global financial crisis and to set out our views on the future for cities and local governments and successful ways for local government leaders to act. The research builds on the insights from PwC’s Global Cities and Local Government Network’s publication ‘Cities of the Future’ and subsequent toolkit, drawing on our experiences working with cities and local governments worldwide.

We appreciate the time the local government leaders took to respond to our survey. This report focuses on the 58 responses we received for the global survey to provide a geographically balanced spread. The results are also split by Developed countries (33 responses) and Developing countries (25 responses), in cities comprising a total population of over 120 million people. We have also commissioned country-specific reports for Brazil, The Netherlands and Sweden, covering an additional 215 cities. The details of our sample and methodology for this global report are in the Appendix.

This report would not have been possible without the active participation of all the contributing cities and local authorities. We would like to thank all respondents for their contributions and whose views form the basis for this report.

Download: Seizing the daytekst

(Global) Resilient Cities Network

Global Resilient Cities Network | 2019

The 100 Resilient Cities network continues its goals under the provisional name Global Resilient Cities Network (GRCN). The year 2019 has been a year of significant change.

At the Urban Resilience Summit in Rotterdam, 100 cities worldwide came together under the name 100 Resilient Cities (100RC). Rotterdam, as one of the 100 Resilient Cities, acted as the host city because of its exemplary role as a resilient city.

From medio 2019, the 100RC network will continue under the provisional name (Global) Resilient Cities Network (GRCN). GRCN is leading the global conversation on building resilient cities, or in other words, making cities resilient and future-proof, to accelerate climate action and social and economic resilience, among other things.

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Paris Agreement

United Nations | December 2015

The Paris Agreement is a legally binding international treaty on climate change. It was adopted by 196 Parties at COP 21 in Paris on December 12, 2015, and entered into force on 4 November 2016.

Its goal is to limit global warming to below 2, preferably to 1.5 degrees Celsius, compared to pre-industrial levels.

To achieve this long-term temperature goal, countries aim to peak global greenhouse gas emissions as soon as possible and achieve a climate-neutral world by mid-century.

The Paris Agreement is a landmark in the multilateral climate change process because, for the first time, a binding agreement brings all nations together to undertake ambitious efforts to combat climate change and adapt to its effects.

Download: Paris Agreement 2015