Understanding and characterizing complex risks with Impact Webs: A guidance document

Sparkes, Edward, Hagenlocher, Michael, Cotti, Davide, Banerjee, Sumana, Masys, Anthony J., Rana, Sohel, Shekhar, Himanshu, Sodogas, Victor A., Surtiari, Gusti Ayu Ketut, Valdiviezo-Ajila, Angel and Werners, Saskia E. (2023). Understanding and characterizing complex risks with Impact Webs: A guidance document. United Nations University - Institute for Environment and Human Security.

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    UNU-EHS_Impact_Webs_web.pdf UNU-EHS_Impact Webs_web.pdf application/pdf 11.98MB
  • Sub-type Research report
    Author Sparkes, Edward
    Hagenlocher, Michael
    Cotti, Davide
    Banerjee, Sumana
    Masys, Anthony J.
    Rana, Sohel
    Shekhar, Himanshu
    Sodogas, Victor A.
    Surtiari, Gusti Ayu Ketut
    Valdiviezo-Ajila, Angel
    Werners, Saskia E.
    Title Understanding and characterizing complex risks with Impact Webs: A guidance document
    Publication Date 2023-10-03
    Place of Publication Bonn
    Publisher United Nations University - Institute for Environment and Human Security
    Pages 51
    Language eng
    Abstract Impacts and risks from climate change, natural hazards and other shocks do not occur in isolation. As economic sectors and systems become increasingly interconnected, the space in which impacts and risks cascade is expanding. As a result of interdependencies, impacts from hazards, threats or shocks, as well as responses to them, can create cascading impacts throughout systems, leading to consequences that extend far beyond the original threat and sometimes even beyond the region that was originally affected. Understanding the complexity of risks, including possible compounding, cascading and systemic effects, is a key step in reducing and managing disaster risks. This is recognized also in the Sendai Framework for Disaster Risk Reduction. To do this effectively, there is a need to develop tools and methodological approaches that can account for this complexity. This guidance document provides “how to” instructions for the development of Impact Webs, a novel methodological tool which are designed to better understand and characterize complex risks, such as compounding, cascading and systemic risks. In helping to better understand the complex nature of risks, Impact Webs can also provide important entry points for comprehensive risk management.
    UNBIS Thesaurus RISK MANAGEMENT
    RISK ASSESSMENT
    Keyword Guidance document
    Complex risks
    Systemic risks
    Copyright Holder United Nations University - Institute for Environment and Human Security (UNU-EHS)
    Copyright Year 2023
    Copyright type Creative commons
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    Created: Tue, 03 Oct 2023, 03:25:28 JST by Aarti Basnyat on behalf of UNU EHS