We support clients with detailed and rigorous understanding of their risks. We take a strategic approach, starting with risk governance more broadly.
There are two components to any risk management regime; firstly, the ‘risk culture’ and secondly the risk related organisation and people, policies and procedures, including the readiness to respond to risks (the ‘Risk Management Framework’). We can review the risk culture – the extent to which management is open to challenge – and the Risk Management Regime. We can also review risks, taking a thematic approach working ‘right to left’ by firstly, understanding the client’s strategy or business plan, then identifying the risks that can threaten it.
If necessary, we can focus in particular on Environmental, Social and Governance (ESG) risks, while keeping sight of related risks such as security – and the linkages between them.
We believe risk cannot be addressed in ‘silos’ as too often it is the combinations of risks that are the most toxic – and which clients need to be aware of. As a result, we take a comprehensive ‘360 degree’ approach that looks at financial, technical, political, societal, reputational, regulatory, security (including cyber), environmental risks etc.
The output from our risk assessments is a comprehensive report and, if required, a detailed risk register, prioritising risks based on likelihood and impact to your strategy. The risk report prioritises risks, identifies interdependencies and sets out ways to mitigate those risks. If required, we will then work with our clients to design an integrated risk management strategy.
CASE STUDY – COTE D’IVOIRE
CHALLENGE
A mining company with a concession to establish a gold mine in Cote D’Ivoire were given 12 months to monetize the mine. They asked for a full ‘360’ – technical and non technical – review of the risks to achieving this.
SOLUTION
We partnered with a technical consultancy to conduct a risk assessment which identified that of the ten ‘showstoppers’, 8 were ‘non-technical’, ESG and security related risks.
OUTCOME
The findings were a revelation for the CEO who admitted that he and his team had spent 80% of their time focused on only 20% of the (technical) risk. We put together an integrated risk management plan for the company to take to their investors.
CASE STUDY – AFRICA
CHALLENGE
Incoming CEO of a major African conservation charity requested a comprehensive risk assessment and risk register and security review.
SOLUTION
Our Africa specialists conducted a bespoke ‘360’ risk assessment of the operations across Sub-Saharan Africa together with a detailed security review of the Head Office operation in Nairobi.
OUTCOME
Risks which affected the client’s strategy were identified, followed by clear and incisive recommendations, giving the new CEO the basis for his 5 year strategic plan.
CASE STUDY – LONDON
CHALLENGE
A major property company owning a significant area of central London wanted to understand and assess their risks.
SOLUTION
We conducted a risk assessment which demonstrated that the risks they faced were much wider than those they had anticipated.
OUTCOME
This has caused them to refocus their approach to risk management, to include reputational, cyber and social risk – as well as operational and financial risk.
CASE STUDY – PAKISTAN
CHALLENGE
A leading sports broadcaster required a comprehensive risk assessment in order to satisfy their insurers that they could safely cover a high-profile sporting event in Pakistan which – if successfully televised to the world – could set the conditions for Pakistan to return to the international cricket stage after an absence of 9 years due to the security situation in the country.
SOLUTION
A two-man team from Strategia Worldwide with extensive experience in Pakistan conducted an initial reconnaissance followed by an in-depth analysis of the risks associated with the client delivering the task. An Associate Director then deployed with the client to provide day to day risk assessment and high-level liaison with the Pakistan security forces.
OUTCOME
Armed with the Strategia Worldwide risk report, the client was able to secure insurance cover for the duration of the deployment. Not only was the original task a complete success, but the client was also able to compete for and win a further high profile event from a major media company as a direct result of being able to demonstrate their ability to operate in Pakistan.
CASE STUDY – KAZAKHSTAN
CHALLENGE
At very short notice we were tasked to conduct a risk assessment for a company considering the purchase of a mine in Central Asia.
SOLUTION
We deployed within 36 hours and delivered an in-country risk assessment within 10 days.
OUTCOME
Our report played a vital role in the Board decision making process.
Contact Us
To find out more or to speak to us about any of our services, please contact us by email info@strategiaworldwide