Title page
Contents
Summary 4
01. Introduction 5
About this paper 7
02. What does climate risk mean for international organizations? 8
Defining climate risk 8
Strategic risk 10
Operational risk 12
Which risks matter most? 12
03. Enterprise risk management in international organizations 14
Examples of ERM systems in international organizations 16
Barriers to better risk management 16
04. Climate risk management in the international system 18
External dimension: setting the agenda 19
Internal dimension: managing climate risks 20
05. Conclusions and recommendations 28
Building blocks 30
Routine processes 31
Periodic activities 31
About the authors 33
Acknowledgments 34
Table 1. Overview of international organizations' approaches to climate risk in strategic planning 22
Boxes
Box 1. UNHCR's Sahel Predictive Analysis Initiative 24
Box 2. Strategic risk management at UNDP 24
Box 3. Risk appetite metrics at WFP 25
Box 4. Country Partnership Frameworks at the World Bank 25
Box 5. Innovative human resource management 26
Box 6. The UN's Risk Management Forum 27