Social Transformation and Social Risks

Social Transformation

The growing divide between rich and poor, the lack of equal opportunities regarding age, ethnic background and nationality, gender and gender identity, physical and mental abilities, religion and ideology, sexual orientation and identity as well as social backgrounds increases social tensions. The Club of Rome deems equality and justice as part of the ideal solution for a liveable future.

Companies cannot shirk their responsibility in this regard. For instance, social issues are becoming more and more important as we are facing an inevitable demographic change that has already resulted in a systemic shortages on the job market.

In the past, humans used to be regarded as resources. Now, humans with all their resources take centre stage. The concept of Industry 5.0. does exactly that. It places the human being at the centre to promote and foster diversity, different talents, and activities. Many companies have already initiated a transformation process because employees nowadays attach more importance on meaningful work. They believe that they can make a difference when it comes to resilience and sustainability.

We are undergoing times of permanent change, which many refer to as systemic transformation or multiple crises strung together. This change takes place in different fields and segments. They, in turn, are interlinked at various levels. HORIZON’s risk-oriented approach aims to define and outline the key areas of change affecting your company. In doing so, we take a close look at the systemic influences of ecological, geopolitical, technological and social transformation on your company’s risk landscape.

Read what our risk expert had to share regarding the future of social risks in front of us.

In today’s rapidly evolving workplace, leading diverse teams poses unique challenges, particularly when managing different generations.
In era when employee mental health is so important, can you afford not to take it seriously?
George Winter discussed with Sergiu Manea, CEO of Banca Comercială Română, how the bank prioritises education to address the challenges.
AI is taking the world by storm and companies large and small across all sectors are exploring how this latest technological development can aid them in their business endeavours. 
While the Social Credit Systems is a distinctive feature in China, its application in Europe would face significant challenges and concerns.
In era when employee mental health is so important, can you afford not to take it seriously?
Katerina Pavlidi met with Jurgita Karvelė to discuss how effective reputational risk management is the key to preventing psychological violence in the workplace.
ASFINAG oversees the planning, construction, maintenance, operation, and toll collection for approximately 2,549 kilometres of Austria’s motorways and expressways.
In this new Anthropocene Age, the main risks are people’s actions and reactions. 

Georg Winter

CEO GrECo Group

T +43 664 962 39 06