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Risk Opportunity

What is Risk Opportunity?

A potential event or condition that, if it occurs, would have a positive effect on one or more organizational objectives.

Risk Management

Frameworks that govern risk opportunity

NIST Cybersecurity Framework 2.0View framework →ISO 27001:2022View framework →

What the standards actually require on risk opportunity

Requirements naming risk opportunity across 3 standards, quoted from the control text.

AASB S2 Climate-related Disclosures1 control

When preparing the transition risk, physical risk, opportunity, capital deployment, internal carbon price and remuneration metrics, apply the metric preparation guidance in paragraphs B64 and B65.

AASB-S2-P31 · Application of Metric Preparation Guidance →
Japan FSA Cybersecurity Guidelines for Financial Institutions1 control

Third-Party + Outsourcing + Cloud Service Provider cybersecurity is critical per FSA Cybersecurity Guidelines + FISC Cloud Guidelines (FISC Anzen Taisaku Kijun - Cloud Computing Edition). (1) Outsourcing Governance: (a) Outsourcing Policy + Board Approval;

JP-FSA-CYB-Third-Party-Outsourcing-Cyber-Risk-Cloud-Service-Provider-Due-Diligence-Audit-Right-Sub-Processor-Visibility-Concentration-Risk · Japan FSA Cybersecurity Third Party + Outsourcing Cyber Risk + Cloud Service Provider Due Diligence + Audit Right + Sub-Processor Visibility + Concentration Risk + Data Sovereignty + ISMAP Certification + FISC Cloud Guidelines →
TNFD Recommendations1 control

Per TNFD: metrics + targets including core global + sector + nature-related impact + dependency + risk + opportunity metrics. Align with ISSB + SBTN.

TNFDREC-4 · Metrics and Targets - Core Global + Sector Disclosure Metrics →

Questions people ask about risk opportunity

What is Risk Opportunity?
A potential event or condition that, if it occurs, would have a positive effect on one or more organizational objectives.
Why is Risk Opportunity important for compliance?
Risk Opportunity is a key concept in Risk Management. Understanding risk opportunity helps organizations meet regulatory requirements, reduce risk, and demonstrate due diligence during audits. Our compliance platform maps 686 frameworks with 311K cross-framework control mappings.
Which compliance frameworks address Risk Opportunity?
Risk Opportunity appears in the requirement text of AASB S2 Climate-related Disclosures, Japan FSA Cybersecurity Guidelines for Financial Institutions, TNFD Recommendations. Across these standards we have identified 3 controls that name it directly, each linked to the control text on the compliance platform.
Where can I learn more about Risk Opportunity?
Explore our compliance framework pages to see how risk opportunity applies across different standards and regulations. Our implementation guides provide step-by-step guidance, and the compliance platform offers AI-powered analysis of how this concept maps across 686 frameworks.

See how Risk Opportunity applies across compliance frameworks

Our platform maps 686 frameworks with 311K cross-framework control mappings. Explore how this concept is addressed across standards.

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Written and maintained by Gerard Blokdyk, The Art of Service.