As the world continues to face increasing risk, the 2022 FM Global Resilience Index, which ranks 130 countries and territories according to the relative resilience of their business environment, has updated its methodology. In addition to the regular disruptions like natural disasters, cyberattacks, and political uprisings, it now includes an additional 15 economic, risk quality, and supply chain measures.
“Building resilience to achieve long-term sustainable outcomes is critical to business success, whether adjusting to war, navigating a pandemic, dealing with the threat of a changing climate, or meeting ESG demands,” said Pentti Tofte, staff senior vice president, data analytics, FM Global, in a statement.
Two new index measures for 2022 -- climate risk exposure and climate risk quality -- help businesses intensify their focus on emerging environmental perils. The former measure reflects such threats as severe floods and wind storms, while the latter reflects building codes, code enforcement, and facilities improvements.
Additionally, in recognition of the impact of pandemic risk, the 2022 Resilience Index includes health expenditure and supply chain timeliness measurements. Other measures look into cyber risk and energy intensity.
