Risk governance is a systemic approach to decision making processes associated to natural and technological risks, based on the principles of cooperation

Cooperation

Cooperation or co-operation is the process of working or acting together. In its simplest form it involves things working in harmony, side by side, while in its more complicated forms, it can involve something as complex as the inner workings of a human being or even the social patterns of a...

, participation

Participation (decision making)

Participation in social science refers to different mechanisms for the public to express opinions - and ideally exert influence - regarding political, economic, management or other social decisions. Participatory decision making can take place along any realm of human social activity, including...

, mitigation and sustainability

Sustainability

Sustainability is the capacity to endure. For humans, sustainability is the long-term maintenance of well being, which has environmental, economic, and social dimensions, and encompasses the concept of union, an interdependent relationship and mutual responsible position with all living and non...

, adopted to achieve more effective risk management

Risk management

Risk management is the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities...

, that is convergent with other public and private policies. It seeks to reduce risk exposure and vulnerability by filling gaps in risk policy

Policy

A policy is typically described as a principle or rule to guide decisions and achieve rational outcome. The term is not normally used to denote what is actually done, this is normally referred to as either procedure or protocol...

, in order to avoid or reduce human and economic costs caused by disaster

Disaster

A disaster is a natural or man-made hazard that has come to fruition, resulting in an event of substantial extent causing significant physical damage or destruction, loss of life, or drastic change to the environment...

s.

See also

• Man-made hazard
• Natural hazards
• Public policies
• Risk analysis
  Risk analysis (engineering)
  Risk analysis is the science of risks and their probability and evaluation.Probabilistic risk assessment is one analysis strategy usually employed in science and engineering.-Risk analysis and the risk workshop:...
  
  
• Risk perception
  Risk perception
  Risk perception is the subjective judgment that people make about the characteristics and severity of a risk. The phrase is most commonly used in reference to natural hazards and threats to the environment or health, such as nuclear power. Several theories have been proposed to explain why...
  
  
• Risk management
  Risk management
  Risk management is the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities...