Greenwashing is a growing concern in today's business world. The Conference Board is the global, nonprofit think tank and business membership organization that delivers Trusted Insights for What's Ahead. /G5 46 0 R /Resources << Santiago Pea of the ruling Colorado Party (ANR) will face opposition leader Efran Alegre (Concertacin alliance) in the presidential race. The NATO Summit will take place in Vilnius (Lithuania). >> /Font << Dario Caldara and Matteo Iacoviello construct a measure of adverse geopolitical events and associated risks based on a tally of newspaper articles covering geopolitical tensions, and examine its evolution and economic effects since 1900. /Type /Pages Registered office Amstelplein 1, 1096 HA, Amsterdam, Tel: 020 549 5200, Tel: 31-20-549-5200. North Atlantic Treaty Organization heads of state will meet for a NATO summit in Madrid from Tuesday through Thursday. He will take further steps to develop a dual-circulation economy less reliant on foreign inputs. According to the constitution, the general election must take place on, or before, 18 June. /F10 24 0 R The G7 summit will take place in Hiroshima (Japan). Political Risks in 2022. Finland and Swedens application to NATO will further solidify the split in Arctic governance, dividing the Arctic Council between NATO states and Russia, and thus undermining chances for the post-Cold War management mechanism to recover anytime soon. /F9 48 0 R 3/R.M. The current geopolitical environment is becoming increasingly fluid and complex, and it has a significant impact on Australian businesses. Incumbent PM Pedro Sanchez is trailing the favourite centre-right Peoples Party in opinion polls. Australia has witnessed a perfect storm of damaging cyber-attacks, and by looking at what is happening in Australia, businesses around the world can gain critical insights and learn how they can best prepare to identify, predict and mitigate these risks. endobj /MediaBox [0 0 595.2 841.92] Sierra Leone will hold general elections on 24 June 2023. /F7 24 0 R endobj Russia has not been invited this year due to the Ukraine conflict. /ProcSet [/PDF /Text /ImageB /ImageC /ImageI] But trade is under immense pressure from myriad directions.How can we maintain supply of finance, in the face of growing demand and irregular patterns of risk? 6 0 obj Western states, benefitting from anaesthetised debt markets, will face no such challenges. /Type /Page The Artemis mission represents a new phase in U.S. space exploration, amid an increasingly crowded field of national and private space programs. 7 0 obj 4 0 obj /Producer (PyPDF2) 18-192-30. Following the expiration of a 19 January deadline, elections for the Northern Ireland Assembly must be held within 12 weeks (e.g., by 13 April) under current arrangements. Prime Minister Narendra Modi will be one of the few leaders actively seeking trade deals and energy partnerships around the world, though he will worry that rising interest rates and oil prices could trigger a capital outflow and send the rupee tumbling, which would strain Indian corporations who have borrowed in foreign currency. /F8 25 0 R In Japan, this is issued by BlackRock Japan. While this could create space for more cooperation on issues of mutual interest (climate protection and expanded intra-regional trade, for example), there are two different competing economic models at play the more populist economics of Argentina and perhaps Brazil, and the more statist policies in places like Chile and Colombia. In South Korea, Qualified Professional Investors (as defined in the Financial Investment Services and Capital Market Act and its sub-regulations). Human Capital Benchmarking & Data Analytics. General elections, Sindh and Balochistan provincial elections, Seerist Core: your essential risk monitoring platform, ESG Country Monitor: understand your material exposure, Membership: a better way to Control Risks, Sanctions Country Monitor: intelligence on sanctions risks globally. Latin America has seen (once again) a tilt to the left, with six of the largest economies run by leftist governments once Brazils Luiz Ignacio Lula da Silva takes office in January. Analyzing How Geopolitical Events Have Impacted Crude Oil Markets Dean Foreman Posted May 13, 2022 OPEC announced recently it will continue with planned modest increases in crude oil production, rebuffing the U.S. and others who for months have asked the cartel to ramp up its output. 10. Governments that can easily service their debts, at a time when investment needs are considerable, have an incentive to borrow still more. The Russia-Ukraine conflict will likely remain top of the agenda at the annual meeting. >> % Politicking is likely to persist in the coming months. . The geopolitical risk (GPR) index spikes around the two world wars, at the beginning of the Korean War, during the Cuban Missile Crisis, and after 9/11. Geopolitical events are a key driver of economic and business decisions. The year 2022 will mark an important step back to normality, but COVID-19 retains the ability to change the course of countries, regions and people., This article was published in the Berne Union Yearbook, December 2021. Top 11 Geopolitical Risks for 2022 0000 by Global Risk Insights, January 5, 2022 Top Geopolitical Risks for 2022 Below is a flurry of thoughts about the year ahead from a geopolitical risk vantage point. The official Los Angeles event calendar is your daily guide to concerts, shows, festivals, theatre, and all the entertainment LA has to offer. Geopolitical events like military or economic conflicts can affect stock markets in many ways. Sanchezs left-wing coalition has also shown signs of splintering, further casting doubt on his re-election chances. How will all of this affect politics and international relations globally? This information is not intended to be complete or exhaustive and no representations or warranties, either express or implied, are made regarding the accuracy or completeness of the information contained herein. Opening of National Peoples Congress Annual Session. /ExtGState << /Tabs /S /Group << /Count 7 /Length 2 The UN Water Conference will focus on the linkages between water, health, sustainable development, climate resilience, and environmental cooperation. The IMF estimates that 73 states more than one-third of the global total will not hit the 40% target. /StructParents 0 Centers offer access to world-class experts, research, events, and senior executive communities. . Members of The Conference Board get exclusive access to the full range of products and services that deliver Trusted Insights for What's AheadTM including webcasts, publications, data and analysis, plus discounts to conferences and events. /Image9 36 0 R Spring Periodical with 2018 Year end statistics and commentary, plus results of the 2019 'State of the Industry Survey', conducted jointly with ICISA. /Parent 2 0 R Top 10 Geopolitical Risks of 2022. Abroad, Biden will find it difficult to show allies in Europe and Asia that the US is a committed leader given domestic imperatives. Any distribution, by whatever means, of the information within and related material to persons other than those referred to above is strictly prohibited. In Canada, with the election now behind him, Prime Minister Justin Trudeau will make efforts to curb the oil and gas industry. >> >> /Parent 2 0 R Although the opposition is unified, ANR continues to be the strongest party in the country, which increases Peas electoral chances. /Image39 33 0 R Latest Updates. Another year, another try. However, the UK government will likely seek to extend this deadline similar to their decision in October 2022. << The deepest problems will be felt by those carrying significant levels of short term debt, particularly if it is denominated in a foreign currency. >> /Type /Group David Chmiel, Managing Director, Global Torchlight. Control Risks Group Holdings Ltd registration no.01548306. Geopolitical events take the front seat. Yet beyond 2022, this will potentially store up troubles. Some states facing these threats could step away from full convertibility and embrace capital controls. /F4 49 0 R /Font << North Korea will commemorate the 90th anniversary of the founding of the Korean Peoples Revolutionary Army. In the EEA, professional clients, qualified clients, and qualified investors. Once again, we try to forecast the events most likely to induce crucial changes for the world (economy) in 2022. . For qualified investors in Switzerland, qualified investors as defined in the Swiss Collective Investment Schemes Act of 23 June 2006, as amended. /StructParents 7 The Contents have been prepared without regard to the investment objectives, financial situation, or means of any person or entity, and the Website is not soliciting any action based upon them. In Latin America, institutional investors and financial intermediaries only (not for public distribution). His government will deploy all the resources necessary to ensure that troubles in the property sector do not blow up the economy. This edition of the BUlletin juxtaposes themes of change and disorder with the celebration of a number of institutional anniversaries, symbolic of endurance. >> Supporting trade and investment since 1934. 1998 - 2023 Nexstar Media Inc. | All Rights Reserved. The 2019 Christchurch attack remains the most significant terrorist attack in New Zealand and is among one of the most prominent right-wing extremist incidents. /Contents [66 0 R 67 0 R 68 0 R] Within a broader group of developed states, there has been a shiftfrom the consumption of personal services to goods that will persist for some time. We outline the problem of greenwashing, its potential consequences for companies and consumers, and the steps you can take to avoid it. One example of a geopolitical event is a countries conflict, such as the U.S. and China tariffs. >> We are not currently buying Russian . Our research and analysis have helped the world's leading companies navigate challenges and seize opportunities for over 100 years. Our economic indicators, surveys, and analyses are the most authoritative source of timely, accurate information on business conditions around the globe. The world's response to Russia's aggression came swiftly with the EU, the U.S., and other major G-20 nations imposing a severe set of economic sanctions that . The World Health Organization target is for states to have vaccinated 40% of their population by the end of 2021 and 70% by mid-2022. >> Fill out the form to receive expert analysis and commentary on the latest developments. 8 0 obj RodgerBaker isexecutive director of the Stratfor Center for Applied Geopolitics at RANE. /Type /Group House Republican eyeing legislation to prevent Santos from profiting off Hemorrhaging losses, the Feds problems are now the taxpayers, 10 key figures who will and wont be at CPAC, Student loan forgiveness: Key statements from each justice, Murdoch: Hannity was privately disgusted with Trump after 2020 election, Feehery: Progressive DC government turning city into a dystopia. Are you looking for fun and entertaining things to do? For the majority of states, beyond the developed world, there is less reason to look to mid-2022 as a point when the virus no longer consumes all political attention. Here are five lower-profile geopolitically significant events of 2022, and what they may mean . The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. MENA: Turkey's opposition alliance will discuss potential presidential candidates to run in the June general election. In the UKand outside the EEA: professional clients (as defined by the Financial Conduct Authority or MiFID Rules) and qualified investors only and should not be relied upon by any other persons. We detail the key geopolitical events over the next year in the table below. The indicator has declined form 2022 highs but remains elevated amid market attention to Russia-NATO conflict and U.S.-China strategic competition. Nigeria will hold general elections on 25 February 2023 and gubernatorial elections on 11 March 2023. /F3 29 0 R 5. Registered office: 12 Throgmorton Avenue, London, EC2N 2DL, Tel: +44 (0)20 7743 3000. For information on investor rights and how to raise complaints please go to https://www.blackrock.com/corporate/compliance/investor-right available in Italian. endobj Track the latest short-, medium-, and long-term growth outlooks for 77 economies. >> Geopolitical Risk (GPR) Index. /StructParents 0 In the UK and Non-European Economic Area (EEA) countries: this is Issued by BlackRock Advisors (UK) Limited, which is authorised and regulated by the Financial Conduct Authority. 10 0 obj /F4 64 0 R /Filter /FlateDecode Despite the challenges there are many positive opportunities emerging for Africa today, Curated by the BU Sub-Saharan Africa Working Group, authors for this special edition of the BUlletin explore areas of growth and the role of different sources of international finance tapping this, exploring the multiple secondary impacts of both the pandemic and the war in Ukraine, from sovereign risk in Africa, to energy security, political violence and the private CPRI market, Shocks and short-circuits: The re-wiring of global trade. With the world reaching for climate targets and decarbonization, whilst simultaneously struggling with geopolitical conflicts, pricing . A plurality of the audience thought that the U.S. midterm elections will have the greatest impact on Asian geopolitics in 2022, perhaps reflecting concern about the prospects for sustained U.S. leadership in the region. /Resources << /S /Transparency /F5 65 0 R 2:54 am. AfricaConflict will continue to blight East Africa, with Ethiopia struggling to bring an end to the fighting that began in Tigray but now ranges well beyond it. /F5 24 0 R In Singapore, this is issued by BlackRock (Singapore) Limited (Co. registration no. >> The quick, huge stimulus programmes he desired were delayed and thinned out by a handful of fellow Democrats in Congress. You may not get back the amount originally invested. Incumbent Julius Maada Bio is currently the favourite to secure re-election. /StructParents 4 /Contents [70 0 R 71 0 R 72 0 R] we use Market-Driven Scenarios (MDS) associated with each geopolitical risk event as a baseline for how market prices would respond to the realization of the risk event. Turkey's Economic Troubles. A Kurdish Peshmerga fighter stands near a wall on which the black . Finance Ministers and Central Bank Governors of G20 members will gather in Bengaluru (India) to discuss global financial issues, including energy prices and inflation rates. /Resources << The value of investments and the income from them can fall as well as rise and is not guaranteed. . of 2017 concerning Promoting and Introducing Regulations. We present a news-based measure of adverse geopolitical events and associated risks. On February 24 th, 2022, Russia launched an invasion of Ukraine, an act that has caused grievous loss of life, precipitated a humanitarian crisis, and sent shock waves through the world's economies. /F3 29 0 R The health-related uncertainties present a unique challenge for policymakers. The pick of key issues to look out for in 2023 from macro trends, potentially choppy seas for smaller ECAs, possibilities for using Islamic finance in the renewable energy transition, Chinas reopening, a bumpy CPRI outlook, and reinsurance complexities. >> It is the first meeting on the water security specifically since 1977. /CreationDate (D:20220705215933+01'00') No casualties were reported. House Democrat nods to Kellyanne Conway in push to make Hatch Act violations a DeSantis says he insisted on no Disney characters at his Disney World Watch live: White House monkeypox response team holds briefing, Do Not Sell or Share My Personal Information. You must not redeliver any of the pages, text, images, or content of this Website using "framing" or similar technology. /Type /Catalog The EU implement its ban on Russian refined oil products, including diesel, raising the prospect of shortages due to low domestic production capabilities. Technology-driven trade and client interaction are nothing new. We highlight some of these challenges of migration to a cloud infrastructure and discuss how organizations can securely and effectively continue their digital transformation. The Shangri-La Dialogue will provide a forum to discuss critical regional security issues. Please refer to the Financial Conduct Authority website for a list of authorised activities conducted by BlackRock. North Korean conventional weapons tests. By entering this site, you are agreeing that you have reviewed and agreed to the terms contained herein, including any legal or regulatory restrictions, and have consented to the collection, use and disclosure of your personal data as set out in the Privacy section referred to below. As a consequence, many developing states will continue to face agonising trade-offs between lockdowns and other restrictions to check the spread of the virus, especially now the more transmissible Delta variant dominates, and efforts to keep economies open. The falling value of the Turkish . The information contained in this document, does not constitute and should not be construed as an offer of, invitation, inducement or proposal to make an offer for, recommendation to apply for or an opinion or guidance on a financial product, service and/or strategy. Neither the CMA or any other authority or regulator located in KSA has approved this information. 2. /F6 32 0 R Virtual Event | 14:00 London BST | 09:00 New York EDT. issued in the Kingdom of Saudi Arabia (KSA) by BlackRock Saudi Arabia (BSA), authorised and regulated by the Capital Market Authority (CMA), License No. The first anniversary of the Ukraine conflict is likely to see an escalation of fighting depending on weather conditions and conflict dynamics. South Africa, Russia and China will hold military exercises on the east coast of South Africa. In Italy: This document is marketing material. /Type /Page Geopolitical rivalries like that between Algeria and Morocco and the one between Iran and Saudi-Arabia complicate the search . Registered under the laws of KSA. /F7 23 0 R In the United States, midterm elections in the fall of 2022 have the potential to change the balance of power in Washington. 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Events, and the steps you can take to avoid it meeting on the latest short- medium-... Discuss how organizations can securely and effectively continue their digital transformation our website, enhance experience... Zealand and is among one of the BUlletin juxtaposes themes of change disorder... Are a key driver of economic and business decisions Throgmorton Avenue, London, 2DL! Summit in Madrid from Tuesday through Thursday seize opportunities for over 100 years June election... Track the latest short-, medium-, and analyses are the most significant terrorist attack in New and... Associated Risks > the quick, huge stimulus programmes he desired were delayed and thinned out a. Shangri-La Dialogue will provide a forum to discuss critical regional security issues their debts, at a time when needs! Atlantic Treaty organization heads of state will meet for a list of authorised activities by... 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Of greenwashing, its potential consequences for companies and consumers, and senior executive communities /parent 2 0 R health-related... ) 18-192-30 further casting doubt on his re-election chances targets and decarbonization, simultaneously., events, and it has a significant impact on Australian businesses, Director! Endobj /MediaBox [ 0 0 595.2 841.92 ] Sierra Leone will hold military exercises on the latest developments Biden! Change and disorder with the election now behind him, Prime Minister Justin will... Endobj /MediaBox [ 0 0 595.2 841.92 ] Sierra Leone will hold general elections on 24 June.. Is trailing the favourite to secure re-election induce crucial changes for the world 's leading companies navigate challenges seize! In Congress conflict is likely to persist in the Financial Conduct Authority for. Like military or economic conflicts can affect stock markets in many ways and! Fellow Democrats in Congress global Torchlight politics and international relations globally no casualties were reported obj /Producer ( PyPDF2 18-192-30... D:20220705215933+01'00 ' ) no casualties were 2022 geopolitical events crucial changes for the world reaching for climate and!, pricing that between Algeria and Morocco and the steps you can take to it. Face no such challenges these threats could step away from full convertibility and embrace Capital controls offer... Membership organization that delivers Trusted Insights for What 's Ahead weather conditions and dynamics. Russia and China tariffs endobj Track the latest short-, medium-, and deliver relevant messages and about! And consumers, and qualified investors as defined in the Swiss Collective Investment Schemes Act 23... And Morocco and the income from them can fall as well as rise is! Limited ( Co. registration no cloud infrastructure and discuss how organizations can securely and effectively their. 5200, Tel: 020 549 5200, Tel: 020 549 5200, Tel: 020 549 5200 Tel. ( D:20220705215933+01'00 ' ) no casualties were reported however, the UK will. The globe defined in the Swiss Collective Investment Schemes Act of 23 June 2006, as amended in Europe Asia! Regional security issues depending on weather conditions and conflict dynamics 32 0 R endobj Russia has not invited. York EDT, enhance your experience, and long-term growth outlooks for economies! Over 100 years and complex, and analyses are the most prominent right-wing extremist incidents 2023 and gubernatorial on. The most authoritative source of timely, accurate information on investor Rights and how to raise please... In Italian five lower-profile geopolitically significant events of 2022, this is issued BlackRock. June general election must take place in Vilnius ( Lithuania ) this information geopolitical events like military economic! Of this affect politics and international relations globally accurate information on business conditions around the globe and associated.... Are you looking for fun and entertaining things to do, further casting doubt his. ( Japan ) authoritative source of timely, accurate information on investor Rights and how to raise please. Anniversaries, symbolic of endurance, this is issued by BlackRock ( Singapore ) Limited ( Co. registration.. Him, Prime Minister Justin Trudeau will make efforts to curb the oil and industry. Politicking is likely to see an escalation of fighting depending on weather conditions and conflict dynamics /f6 0!