Introducing the Finance & Risk Management finalists

This category demonstrates the effective use of financial and risk management to support an operation or business unit. This could be asset and capital management, investment strategies, harmonisation of accounting standards, automation of financial processes, compliance and regulatory issues, business and operational risk, or business continuity.

Here is a closer look at Arup's summary:

Arup with Dŵr Cymru Welsh Water

Governments and regulators globally are setting water companies a significant challenge to become more resilient, in response to global mega-trends such as climate and demographic change. Arup has developed a framework to assist Welsh Water (WW) in creating a business strategy for the next 35 years that mitigates the risks they face.

This project is providing some of the leading thinking in incorporating resilience into the UK water industry. As one of the first projects to build resilience in all aspects of a water business, it provides water companies globally with a model for mitigating their exposure of shocks and stresses, both old and new.