Interest in Sustainable Finance is growing What is “Sustainable Finance”? A working definition is: A financial system that takes into account environmental, social and governance considerations to ensure long term sustainability of the human economy. You can imagine that with a scope and ambition that sweeping, the devil hidden in the details will be of gargantuan size. The definitions of so-called ESG factors, the incorporation of sustainability into business strategies, the governance, policies and risk management applicable to ESG Risks, the ESG and climate-related disclosures and the development of “green” financial products are all topics that combine urgency, complexity and potentially dramatic impact.
Offline versus Online In computer technology and telecommunications, online indicates a state of connectivity over digital networks, and offline indicates a disconnected state. Both states have many sub-divisions. For example the type online access varies enormously according to the bandwidth and latency of connections. Similarly, people may be “offline” as not having network access or completely unplugged, as in not having access or using any electronic device. While the number of people, the fraction of time and the type of activities they engage on has rapidly expanded as digital technology increasingly diffuses, the online state is certainly not the default state and in many regions or population segment might be completely out of reach.
A new logo for the Open Risk Manual: We have updated the logo for the Open Risk Manual. The new logo aims to make more explicit both the inspiration that the Open Risk Manual project draws from the trail-blazing Wikipedia initiative (and increasing collection of associated Wikimedia projects) and the reliance on the open source ecosystem of software and tools, including the mediawiki software and the important semantic mediawiki extension.
One of the many good suggestions during early beta testing of the Open Risk website was to create a forum for risk management professionals to exchange news, ideas, opinions and general banter about their trade. This led to the building and rolling out of the Risk Forum, which is now live and ready. Access to the RiskForum for posting requires Open Risk registration. Update Oct 2021: We are now moving online forums to a new platform
Open Risk Presentation summarizing the Public Beta Phase: Overview of the motivation for initiating Open Risk and the solutions being delivered in the current phase. Venue: Online Location: The world Time: September 18th 2014 Link to presentation: Open Risk Overview
Can’t turn around, we have come this far by faith… Open Risk is now open for public beta testing. We’ll keep the site in public beta stage for as long as needed to smooth out the rough edges. We got the first “like” on social media, the lucky first liker earned a lifetime membership award. Now we have to think of something suitable for the second and third, as winner takes all mentality is not in our world outlook.
The Risk Manual is one of the core tools of the Open Risk Commons. We have released a first set of article entries covering a broad area of risk management topics.