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Definition(s)

The systematic approach and practice of managing uncertainty to minimize potential harm and loss. Risk management comprises risk assessment and analysis, and the implementation of strategies and specific actions to control, reduce and transfer risks. It is widely practiced by organizations to minimise risk in investment decisions and to address operational risks such as those of business disruption, production failure, environmental damage, social impacts and damage from fire and natural hazards. Risk management is a core issue for sectors such as water supply, energy and agriculture whose production is directly affected by extremes of weather and climate. (Source: UN office of Disaster Risk Reduction)

Hierarchy

Related terms:
disaster risk management
risk minimization
risk evaluation

In other languages

French
gestion du risque
Russian
управление риском
Spanish
gestión de riesgo
Chinese, Simplified
风险管理
Arabic
إدارة المخاطر

Explore content

Follow up the links below to see InforMEA content related to risk management coming up from several external sources.

Multilateral environment agreements tagged with risk management

You can see below a list of multilateral environment agreements. Use the links on the right to view the content tagged with risk management. This includes official treaty texts, decisions, recommendations, and other related informational documents such as publications, annuals, meetings, documents or reports.
Basel Convention
Stockholm Convention
Cartagena Protocol
Ramsar Convention
Rotterdam Convention
Prevention and Emergency Protocol
Offshore Protocol
Convention on Long-range Transboundary Air Pollution
Jeddah Convention
Convention on the Transboundary Effects of Industrial Accidents
ASEAN Agreement on Transboundary Haze Pollution