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Extreme Weather Is Already Draining The Biggest U.S. Companies

Extreme Weather Is Already Draining The Biggest U.S. Companies The recent Carbon Disclosure Project (CDP) report shows how Pepsi, Allstate, Walmart, and dozens of other S&P 500 corporations face large financial impacts as climate change worsens. It seems that political diatribes over whether climate change is real should be over now? At Riskope we have been including climate change scenarios and their related costs for a few years in all our holistic risk assessments: from automotive producers and suppliers to…

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Franco Oboni interviewed by an Italian journalist

Franco Oboni interviewed by an Italian journalist This blog post is a summary of an interview released by Riskope’s  Franco Oboni in Italy. Q1 Could you please define risk management and explain its scope? Risk Management in Riskope’s day-to-day practice is a scientific, rational approach based on over twenty years of applied research. It allows our clients to optimize their resources, all of them, including the “hidden ones”, and finally “boldly go where – sorry for the Star-Trek hint here–…

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Solutions for local regional national scale rational landslide risk assessment and management

Riskope’s experts have worked since the ’80s in landslides assessment and in particular for Solutions for local regional national scale rational landslide risk assessment and management . Indeed, F. Oboni was the head geotechnical researcher of a Federally funded Swiss Landslide research team that developed internationally recognized pioneering work.   F. Oboni was also a member of a committee of IUGS that literally wrote the first glossary for Landslide Risk Management at the end of the ’90s. This long practice with…

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Event-tree and evolving worms.

Event-tree and evolving worms This week I read in the newspaper that some rootworms are evolving to resist genetically modified corn developed to kill them. The crop itself is not to blame, say scientists, but rather mismanagement by farmers, corporations and lawmakers. …but the scientists’ own recommendations — an advisory panel convened in 2002 by the EPA suggested that a full 50 percent of each corn farmer’s fields be devoted to these non-Bt refuges — were resisted by seed companies and…

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How to Build Robust Asset Management Plans that Prepare You for the Unexpected

Build Robust Asset Management Plans that Prepare You for the Unexpected Asset Management (AM) refers to any system that monitors and maintains things of value to an entity or group. If the entity is an Enterprise, then the acronym EAM is used to define Enterprise Asset Management. AM may apply to both tangible assets such as the physical elements constituting an infrastructure, but also to intangible concepts such as intellectual property and goodwill. AM is a systematic process of operating,…

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Cognitive biases, oversimplified assessments, vanishing flights and real life lessons

Cognitive biases, oversimplified assessments, vanishing flights and real life lessons It was a late afternoon in Tokyo, back in the year 2000. I was giving a presentation to a small group of executives from an Japanese airline. 9/11, Air France 447 and Malaysian Airline MH370 had not occurred yet. The subject, I am sure you’d guessed right, was risk management. I was talking about probabilities of events and long chains of small deviations that can lead to accidents. All of a…

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A brief summary of deal failures and their consequences in the mining industry vs. environmental catastrophes. Complementary Information.

Deal failures and their consequences in the mining industry vs. environmental catastrophes After this post showing the share values at 5 years for Hess Corp.,ConocoPhillips,  Royal Dutch Shell plc (ADR),Chevron Corporation and  BP plc (ADR) some of our careful reader have commented that we forgot Exxon as a major oil company. We are going to compare the deal failures and their consequences in the mining industry vs. environmental catastrophes. Indeed if we graph the previous companies including Exxon we see that both BP and Exxon`share…

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The paper titled “Pyramids, Toxic Wastes & Nuclear Reactors Containments. A Lesson Drawn from History with a Risk Manager Perspective.” got accepted!

A new paper by Riskope: Pyramids, Toxic Wastes & Nuclear Reactors Containments. A Lesson Drawn from History with a Risk Manager Perspective. Pyramids, Toxic Wastes & Nuclear Reactors Containments. A Lesson Drawn from History with a Risk Manager Perspective Riskope wrote a paper for the IAEG XII Congress – Torino, September 15-19, 2014. The paper abstract is the following: Risk Assessments for “perpetuity” (geo-engineering) projects, i.e projects that should last “forever” and/or receive “perpetual care”, are raising in number and criticality. These project  oftentimes…

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