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Social risk management (SRM) is a conceptual framework developed by the World Bank, specifically its Social Protection and Labor Sector under the leadership of Robert Holzmann, since the end 1990s. [1]
Because manufactured risk is often imperceptible to the bare human senses, social risk position must be gained by creating networks of knowledge with other humans who have a greater access to risk information. Social risk positions influence status in risk society.
The Equator Principles is a risk management framework, adopted by financial institutions, for determining, assessing and managing environmental and social risk in project finance. It is primarily intended to provide a minimum standard for due diligence to support responsible risk decision-making. [107]
An emerging approach within social protection frameworks is Adaptive Social Protection, which integrates disaster risk management and climate change adaptation to strengthen resilience against shocks.It is one of the targets of the United Nations Sustainable Development Goal 10 aimed at promoting greater equality. [4]
Example of risk assessment: A NASA model showing areas at high risk from impact for the International Space Station. Risk management is the identification, evaluation, and prioritization of risks, [1] followed by the minimization, monitoring, and control of the impact or probability of those risks occurring. [2]
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Template: Risk management. 4 languages. ... This page was last edited on 22 September 2024, at 15:10 (UTC).