Triple bottom line risk management - Adrian R. Bowden

If a business wants to be sustainable in the twenty-firstcentury, it should focus on the continuous improvements andpotential opportunities that risk management offers. Written byrisk management experts, this book will provide you with thenecessary tools and guidance for the successful management ofbusiness risk so you can improve your company's triple bottomline-the social, environmental, and financial accountabilityof your business. The authors introduce the RISQUE method, whichwas specifically developed to address a diverse range of events andissues. It offers a multifaceted approach, using a rationalprocess, which will help you make informed, defensible riskmanagement decisions. You'll gain a better understanding of themethodology, assumptions, advantages, and disadvantages of thisapproach. You'll also see how the method can be applied to specificareas within your business to reduce risk and increaseopportunities. And you'll learn the necessary skills to implement arisk management process that will demonstrate commitment to triplebottom line management.

To enhance the material presented, numerous case studies areincluded that will help you understand how to:

• Select and justify the best option for a project
• Determine how much additional liability you'll gain through anacquisition
• Account for nonquantifiable events
• Understand how much your company needs to set aside for futureliabilities
• Discover which asset management strategy gives you the bestreturn
• Use loss of life as a measure of risk to public safety
• Calculate and report contingent liability on your balancesheet
• Develop an insurance strategy based on your profile ofrisk