Risk materiality

How is risk materiality assessed and managed at 10 large listed businesses through the UK/Europe and APAC regions?

Please fill in the form to request to see the report through a short 15-minute meeting (+ time for questions).

Risk materiality with pages

Participants from a range of sectors (including healthcare, telecomms, oil and gas, finance and retail) were asked three key questions:

  • What factors trigger a risk to be considered material?
  • Does your organisation define different levels of materiality (and how does this influence actions)?
  • What activities and governance are in place for risks considered material?

Their responses have been anonymised, collated and analysed collectively for this report.


*Subject to qualification. We're only able to show this data to prospective members - in-house corporate risk leaders at large non-financial institutions in Europe, MENA and Oceania. We'll send you a meeting invite so we can explore the results with you and provide more context. The data in our benchmarks is valuable and we don't give it out to non-members.

Fill in this form to request see the benchmark*


Who has taken part in the benchmark?

CROs/heads of risk at 10 large listed businesses throughout the UK/EU and APAC regions from a range of sectors (including healthcare, telecomms, oil and gas, finance and retail).

What data is included?

How risk materiality is assessed and managed:

  • The majority approach - what are most organisations doing?
  • What factors are used to determine materiality (e.g. risk rating level, via matrix, risk appetite, MFL etc)
  • What activities and governance are in place for material risks? (what is the main approach and how do some companies diverge from that?)



How was the data collected?

10  risk leaders, hand-selected by our team, were asked a series of closed and open ended questions.

Why did you create this benchmark?

We developed this report to support a Risk Leadership Network member on their specific risk priority - benchmarking their management of risk materiality against peers.

Do you have any other benchmarks?

Yes, we regularly create benchmarks or pulsechecks  in response to our members' priorities. Take a look at some of our latest benchmarks here. Through our bespoke, concierge "network assistance" service, we deliver these niche reports in a timely way to meet the exact needs of the organisation who requested it. Of course, the benchmarks are often useful for other organisations too and we share the results. If you'd like us to create a benchmark for your organisation, please fill in this form and we'll get back to you with a time-frame and membership proposal.

How do I get hold of this report?

Please fill in the form and we'll present the key findings to you*, and discuss how our members are leveraging the data in the report to operationalise and accelerate ERM better practice.

Due to the high value data in the report, we only send the report to members of Risk Leadership Network.

*Subject to approval. We're only able to meet with you to show you the data if you're a prospective member (i.e. a practising risk leader at a large non-financial organisation in Europe, Asia-Pacific or MENA). 

Can Risk Leadership Network carry out a benchmark for me?

Yes. Members of Risk Leadership Network work with a network manager to make sure we meet your risk priorities. If there's an informal benchmark that would assist you in your priorities, we'll create it for you in a timely manner. Most benchmarks are complete within 8 weeks of request. Tell us more about the benchmark you need and we'll get back to you with timescales and a membership proposal.

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