✨ Assessing climate risk today secures the rewards of tomorrow. The following report by Tata Consultancy Services shows how climate action shifts from compliance to value creation. It outlines frameworks for embedding climate risk across all business functions. 𝘏𝘦𝘳𝘦 𝘢𝘳𝘦 𝘵𝘩𝘦 𝘴𝘯𝘪𝘱𝘱𝘦𝘵𝘴 𝘧𝘳𝘰𝘮 𝘵𝘩𝘪𝘴 𝘪𝘯𝘴𝘪𝘨𝘩𝘵𝘧𝘶𝘭 𝘱𝘪𝘦𝘤𝘦. 📘 Introduction to Climate Risk Integration: → Integration turns compliance into long-term resilience. → AASB S2 embeds climate risk in decision-making. → Climate risks drive innovation and transformation. → Integration builds transparency and investor confidence. → Collaboration and technology enable effective adaptation. 💼 Value of Integrating Climate Risk: → Strengthens financial resilience and performance. → Builds stakeholder trust through transparency. → Improves access to sustainable finance. → Unlocks new markets and innovation. → Enhances IT systems for better data and reporting. 👥 Leadership and Governance Roles: → Board ensures compliance and strategic oversight. → CEO aligns purpose and resources with climate goals. → CFO links climate risk with financial outcomes. → CRO integrates risks into enterprise frameworks. → CHRO develops skills and climate-linked KPIs. 📜 Frameworks and Regulatory Landscape: → TCFD guides global climate disclosures. → ISSB and IFRS S2 standardize reporting globally. → AASB S2 mandates phased reporting in Australia. → EU and UK lead with strong climate regulations. → TNFD adds biodiversity and nature risk focus. ⚙️ Climate Risk Management Framework: → Embeds climate risk within ERM systems. → Uses scenario analysis for future resilience. → Integrates risk identification, response, and review. → Builds culture of climate awareness and collaboration. → Applies data tools for monitoring and insights. 💡 Business Value Areas: → Strengthens preparedness for climate disruptions. → Enables better, scenario-based decisions. → Reduces compliance and litigation risks. → Boosts investor trust through credible disclosures. → Drives growth via low-carbon opportunities. 🧩 Integration Challenges and Enablers: → Balancing profit with long-term resilience is tough. → Data and literacy gaps slow progress. → Technology and regulation add complexity. → Clear KPIs and governance enable success. → Leadership ensures sustained transformation. 🚀 Way Forward: → Build enterprise-wide climate literacy. → Assess maturity in risk and strategy. → Progress through phased improvement. → Use digital tools for data-driven action. → Collaborate to accelerate low-carbon growth. 😉 With this information at hand, how do you plan to integrate climate risk into your business?
Project Management Integration Techniques
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🚀 My latest research "Cognitive Integration Process for Harmonising Emerging Risks" is now published in the Journal of AI, Robotics and Workplace Automation. 95% of Australian businesses are SMEs operating on ~$500 cybersecurity budgets. Yet they're being asked to securely integrate AI, quantum computing, and blockchain into their operations. How do you make sound security decisions about emerging technologies when you lack both technical expertise and enterprise-level resources? This is fundamentally a systems engineering challenge that requires first principles thinking. When I presented this research at the Programmable Software Developers Conference in Melbourne in March, I asked the room: "Heard of an AI security incident?" No hands up. "Would you know what an AI security incident looked like?" No hands. This illustrates the gap between AI hype and foundational security understanding - the first principles are missing. That's why I developed CIPHER (Cognitive Integration Process for Harmonising Emerging Risks) - a cognitive mental model that applies systems thinking to technology integration in resource-constrained environments. 🧠 Six cognitive stages: Contextualise, Identify, Prioritise, Harmonise, Evaluate, Refine 🔧 Systems engineering foundation: Built on cognitive science, game theory, and dynamical systems theory 🎯 Technology agnostic: Works across any emerging technology, any environment, any resource constraint CIPHER is a cybersecurity framework that gives smaller organisations the same strategic decision-making capabilities that large enterprises use, designed for their operational realities. It bridges the gap between cutting-edge security research and the practical constraints that define how most Australian businesses operate. The framework recognises that in resource-constrained environments, enterprise security models cannot be applied at scale. You need cognitive tools that help teams think systematically in complex integration challenges without requiring extensive technical depth or large security budgets. My research journey continues: I'm now deep into my UNSW Canberra Masters Research capstone, building on my 2023 work on LLMs in SME cybersecurity. The goal? Developing specialised security models and creating an agnostic, holistic measurement framework for LLMs in Australian SMEs - essentially taking the $500 problem from 2023 into the AI-driven reality of 2025. #CyberSecurity #SystemsEngineering #SME #Australia #AI #EmergingTech #ResourceConstrainedSecurity #CIPHER #FirstPrinciples
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Sustainability Leadership 🌎 Sustainability is increasingly recognized as a core business function rather than an external obligation. The shift from compliance to integration is reshaping industry standards, requiring companies to move beyond minimum legal requirements and adopt long-term strategies that drive resilience and value creation. A basic approach to sustainability is characterized by regulatory compliance, cost-minimization efforts, and isolated initiatives. While this ensures adherence to legal frameworks and may improve brand perception, it does not contribute to sustained competitive advantage or operational efficiency. In contrast, organizations that lead in sustainability embed it across corporate functions, leveraging it as a strategic driver for growth, risk management, and innovation. This involves aligning sustainability with financial performance, governance structures, and stakeholder expectations. Regulatory positioning is a key differentiator. Companies operating at a compliance level focus on meeting minimum requirements, while sustainability leaders engage in shaping policies, exceeding standards proactively, and contributing to industry best practices to mitigate long-term risks. Sustainability as a business driver is another distinction. Organizations with a basic approach often see sustainability as a financial burden or marketing tool, whereas leaders integrate it into business models, product development, and market expansion strategies to create competitive advantage. Operational integration and supply chain management also play a critical role. Leading organizations embed sustainability across the entire value chain, working with suppliers and partners to enhance efficiency, reduce risks, and align with circular economy principles. Transparency and performance measurement define sustainability maturity. While a basic approach focuses on selective reporting and highlighting positive achievements, a leadership perspective includes clear, science-based targets and balanced disclosure of both progress and challenges. The shift from incremental improvements to long-term innovation is fundamental. Investing in R&D for sustainable solutions and developing future-oriented business models ensures organizations remain resilient and aligned with evolving regulatory, market, and stakeholder expectations. Sustainability leadership is not defined by compliance but by strategic alignment, integration, and continuous improvement. Companies that embed sustainability into core decision-making processes are better positioned to navigate risks, drive efficiency, and maintain long-term competitiveness. #sustainability #sustainable #business #esg #climatechange #leadership
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As organizations transition from pilots to enterprise-wide deployment of Generative and Agentic AI, it's crucial to recognize that GAI risks differ significantly from traditional software risks. Towards that, it is important to go back to basics and this publication from 2024 by National Institute of Standards and Technology (NIST)'s Generative AI Profile does a great job! 🌐 Here are the four highest-impact risks and the mitigation actions every organization should implement:- 1. Systemic Risk: Algorithmic Monocultures & Ecosystem-Level Failures When multiple industries depend on the same foundation models, a single unexpected model behavior can lead to correlated failures across the ecosystem. ⚡ Mitigation: - - Build model diversity and avoid single-model dependencies. - Maintain fallback systems and contingency workflows. - Apply stress tests that simulate sector-wide shocks. 2. Human-Originating Risks (Misuse, Over-Trust, Manipulation) Many GAI incidents stem from human behavior, including misuse, over-reliance, indirect prompt injection, and flawed assumptions. ⚡ Mitigation:- - Implement continuous user education on limitations and safe use. - Enforce access controls, privilege separation, and plugin vetting. - Maintain audit trails and logging to identify misuse early. 3. Content Integrity Risks (Hallucinations, Synthetic Media, Provenance Failure) GAI increases the scale and believability of fabricated content, from medical misinformation to deepfake-enabled harms. ⚡ Mitigation:- - Invest in content provenance, watermarking, and metadata tracking. - Require pre-deployment testing for hallucination profiles across contexts. - Use cross-model verification before high-stakes outputs are acted upon. 4. Security Risks (Prompt Injection, Data Leakage, Model Extraction) NIST highlights increasingly sophisticated attack surfaces unique to LLMs: indirect prompt injection, data extraction, and plugin-initiated compromise. ⚡ Mitigation:- - Apply secure-by-design reviews for all LLM integration points. - Red-team regularly using GAI-specific attack methods. - Log inputs/outputs via incident-ready documentation so breaches can be traced. 🔐 The bottom line:- AI risk management is not a technical afterthought, it is now a core capability. Organizations that operationalize governance, provenance, testing, and incident disclosure (NIST’s four focus pillars) will be the ones that deploy AI safely and at scale. 💬 If you’d like to explore Gen AI and Agentic AI risks, practical mitigation strategies, or how to operationalize the NIST AI RMF for your organization, feel free to comment or DM. Let’s build safer AI systems together! #AI #GenAI #AIGovernance #NIST #AIRMF #RiskManagement #AITrust #ResponsibleAI #AILeadership
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Context Engineering (CE) is an organic evolution of Prompt Engineering (PE). As we explore different agentic architectures, it’s becoming increasingly important to define how business context, taxonomies, and even user preferences are shared across agents. A common approach today is to pass this information through one context window, and with ever-expanding context sizes, this feels plausible. Yet for complex business workflows, bundling everything into a single context soon becomes infeasible. Managing context itself becomes a core challenge. We also know that context window size matters only up to a point, as knowledge retention decays even within range. This degradation varies by persona, but data scientists often feel it most acutely. They juggle massive data dictionaries, mappings, and business taxonomies. All of these form the context needed for LLMs to generate accurate insights. Emerging techniques like RAG (with chunking and vector databases), memory management (short-term vs. long-term), compression, and time- or state-based sliding contexts are all part of this new discipline. There will surely be more approaches coming in. As agentic systems mature, mastering these methods will be essential. Context “engineering” is the next prompt “engineering”. #ExperienceFromTheField #WrittenByHuman
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What’s your organization’s secret strength in sustainability? Every organization—whether big or small—has unique capabilities. The real question is: How can those strengths be harnessed to drive a meaningful sustainability journey? Take a step back and look at your organization’s mission statement. It’s the foundation of everything you do. When you weave sustainability into that mission, you don’t just make it a priority—you make it an integral part of your organization’s purpose. Here’s why this approach works. First, it elevates sustainability to a core value, rather than an afterthought. Second, it brings together your existing resources and expertise. You already have the structure, the processes, and the people in place. Now, it's about aligning those assets toward a sustainability goal. You don’t need to be a giant like Microsoft to make a difference. Sure, they have vast resources, but their success lies in leveraging what they already do best—building technologies that empower others. It’s not about reinventing the wheel. It's about integrating sustainability into every corner of the business: from finance to marketing, product development to operations. Even smaller organizations can take the same approach. Start by asking: What unique role can we play in sustainability? Gather input from your leadership, listen to your team, and even seek external feedback. Every department, from HR to the supply chain, has a role to play, and the sum of those parts can lead to real change. Consider the data: Companies that embed sustainability into their core strategy outperform their peers. According to a study by McKinsey, organizations that prioritize sustainability can reduce operating costs by up to 60% over time, while gaining a competitive edge in an increasingly eco-conscious market. Another report from Harvard Business Review highlights that employees who believe their companies are purpose-driven are 1.4 times more engaged. So, what’s stopping your organization from starting its sustainability journey? It’s time to unlock the potential hidden in your mission and make sustainability part of your DNA. Are you ready?
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🤔 How can large, complex projects navigate the complexities of systems integration? We introduce the concept of "disciplined flexibility" as a strategic approach to maintain stability while adapting to evolving challenges throughout the project lifecycle in "The dynamics of systems integration: Balancing stability and change on London's Crossrail project", coauthored with Kesavan Muruganandan Andrew Davies and Juliano Denicol in International Journal of Project Management 🔗 Read the full article https://lnkd.in/gVw8spkk (CC BY license) Key Insights: 🔹 "Disciplined flexibility" as a dynamic process of maintaining stability, while responding flexibly to changing conditions 🔹 Challenge of complex systems with interdependent systems at different degrees of maturity. 🔹 Strategies for ongoing monitoring and control to ensure successful integration. 🔹 Reciprocal interdependencies at both system and system-of-systems levels. Abstract Systems integration is essential for the design and execution of large, complex projects, but relatively little is known about how this task develops over time during the life cycle of a project. This paper builds on the concept of “disciplined flexibility” to describe how systems integration can be conceived as a dynamic process of maintaining stability, while responding flexibly to changing conditions. We examine the dynamics of systems integration through a case-study of Crossrail, the construction of London’s new urban railway system, which will be called the Elizabeth Line when it opens for service. The balancing act of stability and change manifests during critical periods of the project life cycle as various interdependent systems evolve with different degrees of maturity. We identify how various types of reciprocal interdependencies in complex projects such as Crossrail – at the system and system of systems levels – require ongoing monitoring and control, and the mutual adjustment of tasks. Reference as: Muruganandan, K., Davies, A., Denicol, J., & Whyte, J. (2022). The dynamics of systems integration: Balancing stability and change on London's Crossrail project. International Journal of Project Management, 40(6), 608-623. I would love to hear from you if you're interested in complex projects and systems integration. This is an invitation to explore our findings and consider how they might inform your own work. Your feedback and discussions are always welcome! #SystemsIntegration #Infrastructure #Megaprojects #ProjectManagement #Research #OpenAccess #IJPM
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Many medical device development teams still rely on Design Failure Modes and Effects Analysis (DFMEA) as their primary risk assessment tool. Unfortunately, there are serious shortcomings to this method for medical device risk management: 🔹 Hazardous situations and harms can occur without any hardware or software failures (for example, due to use errors). Therefore, even a very detailed design FMEA is not comprehensive. 🔹 Typical DFMEA methods (per the IEC 60812 standard) focus on single point failures and do not capture sequences leading to harm. 🔹 DFMEA depends on details of hardware and software design that may not be available until later stages of development so there is a strong incentive to wait until later before beginning risk analysis. 🔹 DFMEA doesn’t align well with the requirements of the ISO 14971 risk management standard. DFMEA analyzes the reliability of a system, which may or may not cause Harm in a medical device. And RPN values used in a DFMEA can be misleading if they depend on detectability for reducing risk. 🔹 In a complex, software-intensive medical device there are many, many potential hardware/software failures but only a fraction of them may lead to serious Harm (it’s easy to lose focus in a large set of data). 🔹 DFMEA is an inefficient way to support complaint handling because users tend to complain about hazardous situations but not failures of hardware and software. I’m not saying there’s no role for DFMEA in medical device risk management, just that it shouldn’t be the primary method of risk assessment. Instead, I recommend starting early in product development with a top-down, high-level, comprehensive approach such as a System Hazard Analysis (sometimes called Preliminary Hazard Analysis) or Fault Tree Analysis (FTA) or similar method. This initial high-level analysis quickly produces a broad picture of the new product’s risk profile and can point to areas that deserve detailed bottom-up analysis with one or more focused DFMEAs. By starting early in development with a high-level risk analysis and following it with one or more DFMEAs, the product team makes the best use of complementary risk analysis tools. To better suit medical device safety risk management, it’s important to modify the standard DFMEA methodology and format. Columns for Hazardous Situation and Harm should be added to the FMEA table to align with the ISO 14971 risk model. And I recommend dropping RPN calculations altogether and just using a lookup table based on Severity and Probability of Harm to determine a Risk Level. What’s been your experience with DFMEA for medical devices? Any tips you would recommend to medical device teams? See comments for links to more detailed discussions of why DFMEA is often misused in medical device risk management.
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“How do we start Risk Management?” It’s one of the most common questions in medical device development. And understandably so. Because risk management can feel intimidating when you're just getting started. Still, it’s a crucial activity, one that needs to start well before the “design phase” kicks off. In fact, risk management begins the moment you define your user needs and requirements. At this early stage, you already have enough information to draft a first Preliminary Hazard Analysis (PHA) (cf. strategy # 1 later). It doesn’t have to be detailed or perfect. It simply needs to capture what you already know so hazards can be addressed early, not retrofitted later. From user needs, you can begin identifying potential hazards by leveraging: • Contextual inquiry from users and environments • Safety characteristics of the intended technology • Known failure modes • Clinical hazard lists • Experience with similar products Let’s go back to basics for a moment: → RISK = Probability of Occurrence (P) × Severity (S) But probability itself isn’t as straightforward as it looks. It can be expressed as: → P = P1 × P2 ↳ P1 = probability of a hazardous situation occurring ↳ P2 = probability of harm resulting from that situation Although this breakdown isn’t mandatory, it’s helpful for understanding the full sequence: What might lead to a hazardous situation, and what might turn it into actual harm? That’s why early risk identification is never just about “numbers”. It’s about understanding the chain of events. Here's two clear ways to approach this: Strategy n# 1 : Start from the Hazard. This means reviewing all possible hazards linked to your technology. You use internal data, published literature, adverse event databases, and known patterns from similar devices. From each hazard, you derive potential hazardous situations, then explore how those could lead to harm. This is a structured approach, great for mapping out a broad list of risks early. Strategy n# 2 : Start from the Harm. You imagine what kind of patient harm your device might cause, then work backwards. From that harm, you identify the hazardous situations that could cause it. Then you trace back the sequence of events, and finally the root hazards. This approach is useful when you're worried about missing critical scenarios. It helps uncover hidden paths that might not emerge when working forward from the hazard list alone. Each method has its strengths, and using both in parallel often leads to better coverage. ✕ There is no “correct” way to start. ✕ No golden way. What matters most is to start early, adapt your strategy to your context, to your intended purpose and revisit it throughout the development lifecycle. Need more ? Using our template & methodology as a guide, you will be able to: → Use compliant process with ISO 14971 and MDR → Use a clear ISO 14971 methodology → Present your data clearly Our Risk Management Bundle: https://lnkd.in/eTw2VVXp
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No more baby steps in Vietnam... Hanoi just opened the 2nd largest waste-to-energy plant in the world! Now fully operational, the Soc Son Waste-to-Energy Plant marks a milestone in VN's circular economy and environmental transition. The plant processes around 5,000t of municipal solid waste/day, ~70 % of Hanoi’s daily household waste! With a power generation capacity of 90 MW, it supplies clean electricity to the national grid while significantly reducing the capital’s reliance on landfills. The project, built with an investment exceeding USD 320m, uses Belgian mechanical grate furnace technology that complies with both VN and EU environmental standards. The impact of this facility extends well beyond waste disposal. It is expected to alleviate long-standing waste accumulation at Hanoi’s main landfill, curb methane emissions, and free up land for future public and environmental use. Advanced emissions control, wastewater treatment, and ash-handling systems ensure compliance with strict environmental criteria, helping protect air/ soil/ water quality. By converting municipal waste into energy, Hanoi is turning a major urban challenge into a renewable resource that supports the city’s sustainable growth strategy. Strategically, the Soc Son project demonstrates VN's growing capacity to deliver complex environmental infrastructure through public-private investment. It provides a benchmark for other provinces/ cities seeking scalable waste management and energy solutions, while reinforcing national efforts to integrate sustainability into urban planning and industrial development. The success of this plant will now depend on maintaining operational standards, advancing waste segregation at source, and expanding waste-to-energy capacity across the country. As Hanoi continues to modernize its urban infrastructure, projects like Soc Son signal a clear commitment to cleaner growth, circular economy principles, and the pursuit of long-term environmental resilience.
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