Upcoming webinar on balancing risk appetite and risk tolerance in humanitarian operations

What is risk appetite and risk tolerance in humanitarian operations? Join ICVA and PHAP for the second session in the Learning Stream on Risk Management in Practice to learn more about what is needed to better manage risk in humanitarian action.

On 8 September, International Council of Voluntary Agencies (ICVA) and PHAP have organized the second event of the Learning Stream on Risk Management in Practice, aimed at exploring the current state of risk management in the humanitarian sector. This webinar will be focusing on the twin concepts of risk tolerance and risk appetite. 

For this next instalment in the ICVA series on risk management in the humanitarian space, there will be an examination of the concepts of risk tolerance and risk appetite. Risk appetite is the willingness or desire to take on risk. While this can (and should) vary between organisations, risk appetite in the humanitarian community is generally high due to the inherently high-risk contexts in which humanitarian operations take place. If risk appetite is the willingness to take on risk, risk tolerance is the ability to do so. Tolerance may vary depending on the individual risk areas faced by humanitarian organizations in their operations. Defining and achieving an appropriate balance between risk appetite and tolerance are critical to ensure that an organization is operating within its ability to manage risk.

Following an introductory briefing on these concepts, we will discuss with a panel of experts the practical challenges in identifying risk appetite and tolerance for NGOs. This is the second event of the Learning Stream on Risk Management in Practice, aimed at exploring the current state of risk management in the humanitarian sector.

This session follows the first webinar in the series which explored security risk management (SRM) and the duty of care during COVID-19.

Attendance for the webinar is free.

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