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 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. 
62% of the younger generation believe being vegetarian is a good way to help save the environment.
Nowadays, more and more companies are starting to realise the accepted traditional benefits offering is no longer relevant or appropriate, and the one-size-fits-all approach is a thing of the past.
We are in the fast-paced age of technology and Health & Benefits is having to transform and evolve at an alarming pace to keep up. 
Under the title “Environment in danger”, our upcoming HORIZON series concentrates on the ecological transformation and therefore looks at all its challenges from various angles.
Other crises, the climate crisis being a prominent example, are more likely to emerge as developments that gradually manifest themselves.

Georg Winter

CEO GrECo Group

T +43 664 962 39 06