The 2024 FM Global Resilience Index has been updated with new risk factors to help global businesses evaluate the relative resilience of 130 countries and territories and better prepare for emerging risks and potential volatility.

Denmark retained its ranking as the most resilient business environment in the 2024 index, which also included several new factors that are evaluated when scoring countries and territories.

The purpose of the index, which first launched in 2014, is to support strategic considerations for global businesses as they make critical decisions such as site selection, supply chain design and loss prevention, according to FM Global.

“Businesses need incisive information to thrive in today’s challenging and constantly changing environment,” said Chris Majka, staff vice president, data visualization and reporting at FM Global. Adding new factors to the index “offers organizations important new insights as they make strategic decisions that could affect their operations and performance for years to come.”

After top-ranked Denmark, rounding out the top 10 most resilient business environments are Luxembourg, Singapore, Switzerland, Germany, Sweden, Finland, Norway, Belgium and the central United States (the United States is divided into three separately ranked regions).

Each country’s ranking is based on quantitative data in 18 resilience factors. These include six physical factors – such as fire risk, seismic risk, cybersecurity and climate risk – that can affect a company’s property and physical assets. Countries are also evaluated from a macro perspective on 12 factors that provide data on political, economic and social risk.

Six new resilience factors were added to the 2024 rankings, including education, inflation, internet usage, water stress, greenhouse gas emissions and climate change exposure.

The data for the 18 factors are sourced from a combination of respected third parties as well as FM Global’s engineering database, which draws upon data from FM Global property risk engineers who visit and assess more than 100,000 locations annually around the world.

This year’s index, which incorporates proprietary AI-enhanced risk modeling, includes twice as many resilience factors as the inaugural index in 2014. Users can drill into any factor to explore specific concerns, discovering data such as greenhouse gas reduction in Belgium and India, water conservation in Australia and political risk in Russia and Ukraine, FM Global noted. A revamped interface streamlines factor-by-factor analysis.

The 2024 FM Global Resilience Index has been validated by real-world property-loss data, according to FM Global.

“Countries ranked in the top 50 of the FM Global Resilience Index recover over 30% faster from property losses, on average, than locations in other countries,” the insurer noted.

To view the index and more information, visit FM Global’s website. &

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