Reporting climate risks will become routine. Reporting climate risks means to publish what risks businesses face from climate change. Climate risk reporting may remain voluntary, an act linked to CSR (Corporate social responsibility) fostering SLO (Social License to Operate). However, the future may also go in the direction of compulsory reporting, perhaps as part of a document similar to NI43-101 or ad hoc documentation. Britain is the first G7 country to sign into law a requirement to reach net zero…
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Does your risk management keep a separate scale for environmental, logal, or business interruption? Do you treat separately Cyber risk from your operational risk? i.e. Do you look at Social License to Operate and Risks as separate siloes or do you integrate them? Let’s start by noting that the Social License to Operate (SLO) basic assumption is that communities/social expectations around projects/activities of mining companies usually exceed legal matters. SLO refers to non-explicit “agreement” made by industry with society and…
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Johari window application in risk management is an exploration of possible corporate application of a therapeutic tool. The psychologists Joseph Luft and Harrington Ingham developed the tool back in 1955. The Johari window became world-renown when US Secretary of Defence Rumsfeld quoted parts of it. You probably remember the known unknowns and the unknowns you do not know you don’t know in an “intelligence” talk. The Johari window and its original meaning The Johari window is a four squares graph…
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Major mining corporation hacked and their confidential information made public The Major Mining Corporation Hacked scenario we had predicted and explained has occurred. Indeed last week Goldcorp’s (TSX:G) payroll, trade secrets, and other intimate information leaked on a torrent free for anyone to download. Last year a cyber attack significantly damaged a German steel mill. Especially with the advent of IoT (Internet of Things) cyber attacks have the ability to generate multi-faceted consequences on interdependent systems. These were physical for…
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