Enterprise Risk Management (ERM) is a systematic approach to identifying, assessing, and managing risks that could potentially impact an organization's ability to achieve its objectives. By integrating risk management into the organization's processes, ERM helps ensure that risks are understood and addressed proactively, rather than reactively.
The goal of ERM is to create a risk-aware culture within the organization, enabling better decision-making and resource allocation. This holistic approach not only protects assets but also enhances the organization's resilience and long-term sustainability in a constantly changing environment.