Risk tolerance methodology

Risk tolerance is our willingness to bear a risk. Understanding risk tolerance helps us decide how to manage the potential impacts of a hazard on the things we value (such as our health, environment, economy, and buildings and infrastructure). This methodology developed by the Risk Reduction and Resilience team at Toka Tū Ake EQC seeks to fill a critical gap in Aotearoa New Zealand’s well-established hazard risk management approaches. This will enable more robust and transparent risk-based decision-making.

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