Managing risks to achieve our mission
Managing risks to achieve our mission
Systematic risk management helps us to anticipate potential future events and adequately balance risk and reward to achieve our mission and strategic goals
Gavi pursues an ambitious mission in some of the world’s poorest and most fragile countries. As we operate in a dynamic and often uncertain context, we are naturally exposed to risks. Robust risk management is therefore vital for us to confidently take the risks required to achieve our mission, safeguard our investments and secure sustainable impact.
A proactive and risk-aware Alliance can effectively anticipate potential future events, manage expectations, reduce vulnerabilities and harness opportunities for impact. The Gavi Alliance Risk Policy provides the foundation for this approach, enabling informed decision-making and a consistent, organisation-wide approach to risk management.
Top risks
Since 2016, we have published a Risk & Assurance Report every year. This discusses the most critical risks that could affect our ability to achieve our mission and strategic goals.
The report provides an update on risk management across the Alliance, an analysis of macro-trends affecting Gavi’s risk profile and an overview of key changes in top risks compared with the previous year. It also explains how current risk levels compare with Gavi’s risk appetite – ie our willingness to be exposed.
The annexes contain more detailed information, including an analysis of each top risk and the corresponding mitigation plans.
Risk appetite
Every organisation needs to take risk to achieve its objectives. Sometimes the greatest risk is inaction. Effective risk management optimises outcomes by balancing risk versus reward and the cost of mitigation versus the potential benefit. The Alliance’s risk appetite statement broadly defines the level of risk the Alliance is willing to take, accept or tolerate to achieve its goals.