Chartered Accountants Worldwide & Resilience First
Being an Associate of Resilience First will enable the CAW network to access the latest holistic resilience thinking to enhance our sector’s resilience as well as collaborate and share best practice with other networks and sectors. As a network of networks, Resilience First brings together more than 600 of the world’s biggest companies, with a combined annual revenue of more than $3 trillion, more than 10.4 million employees, and operating in more than 150 countries.
What is Resilience First?
Resilience First is the world’s largest global business network. It provides the ways and means to harness the collective will of our members to drive resilience at scale, in a world facing deep uncertainties and complex interdependencies. They do this by enabling businesses to collaborate, share, and co-create resilience and sustainable best practice for mutual benefit and that of society.
Communities gain from resilient businesses. A community’s resilience is enhanced when local businesses are able to keep running in emergencies, providing continued support, activity and access to critical services, such as utilities, transport, communications, retail and banking, as well as direct employment. A breakdown in supply could lead to additional devastating and stressful consequences for local communities.
Greater business resilience also often leads to minimised risk and therefore a greater ability to invest in innovation and growth which in turns benefits the local communities.
To catalyse a step-change in global ambition to build the resilience of 4 billion people by 2030.
The Benefits & Opportunities
Our association with Resilience First will bring the following benefits to our member institutes:
- Joining the Race to Resilience Campaign – part of COP26’s High-Level Climate Action
- CAW will share with member institutes the new insights, articles and webinars and library of resources available through the Resilience First Knowledge Hub.
- Share the latest publications from Resilience First through the CAW website.
- Participate in the 2021/22 thought-leadership programme, through:
- New guides and learnings, such as:
- NEDs Guide to Risk and Resilience (Part Two)
- Climate resilience programme
- Operational resilience management practical guide (Autumn 2027)
- Cyber resilience whitepaper and launch demo event (late 2027/early 2022)
- Advanced tools including resilience measurement (late 2027)
- New guides and learnings, such as:
Race to Resilience
The Race to Resilience Pledge
As a member of the Resilience First Network, Chartered Accountants Worldwide is committing to joining the Race to Resilience campaign through pledging to requirement ‘1’ and ‘2’ and at least two of the other obligations:
- Use a Resilience Self-Assessment Tool to measure their resilience and track resilience improvements.
- Appoint a ‘climate advocate’ and/or ‘resilience advocate’* within their organisation who will champion resilience and sustainability standards and initiatives internally and/or demonstrate their commitments to one or more of the UN’s 2030 SDGs as well as share their good workacross the network.
- Sponsor and support a SME in the same sector who is headquartered in the Global South to join the network.
- Co-create innovative climate resilient solutions (Open to Champions only).
- Proactively share resilience best practice within the network through contributions to our Resilience Knowledge Hub (library of resources) and Thought Leadership articles to our network’s monthly newsletter. As well as attend at least three webinars/events annually and speak at our events/webinars when invited.
- Commit to the programme to drive action by 2030.
In addition to the pledges, Resilience First members will be required to undertake and report results of an annual resilience survey, which will include questions around the following key areas relevant to the Race to Resilience:
- Climate risks to business operations
- Critical dependencies on supply chains and infrastructure systems
- Action planning to enhance resilience, including set targets
- Direct and indirect engagement with SMEs and local communities, particularly in the Global South.
To find out more about how you can join the Race to Resilience click here.