The Risk Management Framework, which was approved internally on October 9, 2017, consolidates GGGI’s risk management and establishes a registry of risks with mitigation measures. GGGI will review the Risk Management Matrix semiannually and report semiannually on risk management to the Management and Program Sub-Committee (MPSC) of the Council and annually to the Council in the Annual Report.
The Risk Management Framework provides description of risks that the Institute faces with indications of the rating and ranking system.
Click here to read the GGGI Risk Management Framework.
Should you have any questions, please do not hesitate to contact Mr. James Sheppard, Acting Head of Strategy, Partnerships and Communications, Office of the Director-General (email@example.com; +82 70 7117 9973).
Summary: The Global Green Growth Institute (GGGI) has managed risks under 6 risk headings since 2015. Risks faced by GGGI include risks related to the organization and its reputation, operational program and portfolio, finance, legal, information technology and data, human resources, and work environment. Adoption of a Risk Management Framework consolidates GGGI’s risk awareness and risk management culture, establishes a registry of risk mitigation measures and a risk management architecture. In accordance with the Agreement of Establishment, under guidance of the Assembly of GGGI’s members, the Council of GGGI as the executive organ of GGGI, is responsible for directing the activities of GGGI, including risk management. The Assembly appoints a Director General, who is responsible for implementation of the Council’s directions, given in GGGI’s Strategy and Work Plan and Budget. The Director General oversees implementation of the risk management framework and reports biannually on risk management to the Management and Program Sub-Committee of the Council, and publicly to the Council in the Annual Report.