Annual Report

The Global Risks Report 2023

Your one-stop resource to understand the top risks for 2023 and beyond. Data and insights from more than 1,200 global experts and leaders.

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Learn what risks more than 1,200 academic, business, and government leaders from around the world are prioritising and predicting.

Developed in collaboration with the World Economic Forum, the 18^th edition of the Global Risks Report outlines the major risk issues and trends leaders like you will face in the coming years.

It provides detailed insights into the priorities and strategies of your peers — and gives you actionable steps to build resilience in this turbulent risk environment.

Considered one of the leading sources of information on the current and emerging risk environment, the Global Risks Report is your go-to resource for helping your organisation understand and plan for what's ahead.

Use this report to:

Discover the four risk themes you should focus on in 2023.
Understand key shifts and trends happening in a converging risk landscape.
Educate your leadership team on the current and emerging risk environment.
Learn the actions you and your organisation can take now to build risk resilience.

Our perspective: 4 risk themes to know in 2023

Macro-economic

The COVID-19 pandemic, the Russia-Ukraine conflict, significant natural catastrophe events worldwide, and their long-term geopolitical and geoeconomic implications, have driven the highest inflation rates in decades and cost of living crises worldwide. Macroeconomic developments are enflaming fears of an imminent economic downturn, creating unease about the short-term risk outlook and future growth. Building resilience during such turbulent times requires new strategic approaches to risk identification, decision making, and preparedness.

Digitisation

In today’s business landscape, technology and end-user experience play a leading role in efficiency, growth, and human advancement. As companies move more operations into the digital realm and develop transformative technology — from blockchain to AI to genetic engineering and beyond — it’s imperative that they reinforce resilience to rapidly evolving cyber risks, changing regulatory and privacy rights regimes, and physical and virtual attacks on valuable data and systems.

Climate and sustainability

Environmental risks dominate organisations’ long-term concerns in the GRR 2023. Most of these relate directly or indirectly to climate change, which is generally regarded as an existential risk. Resilience strategies that focus on new approaches to assessing and mitigating climate change risk and help accelerate investments in the green energy transition will enable businesses and the world to meet their sustainability targets.

People

The COVID-19 pandemic amplified existing pressures and strains on global health systems, mental health management, and ways of working. However, it also fostered higher levels of executive awareness and involvement in improving access to healthcare and protecting worker health and well-being. By shifting focus to changing the environments people work and live in, improving the availability of supports people truly need, and adopting an overall culture of health and well-being, businesses and their workers can become more resilient.

Communication technology for internet business. Global world network and telecommunication on earth cryptocurrency and blockchain and IoT. Elements of this image furnished by NASA

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The Global Risks Report 2023