Diolch, pawb. Bore da. Thank you for the opportunity to speak. Just to go back to your original question, Chair, in terms of the way that the Act is being delivered within Denbighshire, I would say that we are really supportive of the Act. Its integration, its acceptance and support is really evidenced by the links between Denbighshire's corporate plan and the well-being goals, as well as the ways of working in terms of how we set about delivering on our corporate plan. Things like a prosperous Denbighshire, a greener Denbighshire, a fairer Denbighshire really encapsulate the well-being objectives and how central they are to the operation of our local authority.
I do think, responding to Mary Ann's reflections around the PSB, I think there are challenges there in the added value that the PSB is able to offer in addition to the work that's happening in the local authorities. I think there is huge value there, and we are supportive of the PSB. It's the only body that, critically, for such challenging financial times, really brings together leadership and officers across the different areas of well-being around a single table to really consider issues, but the marshalling of funds, despite really collaborative working across the three PSBs in north Wales, remains a real challenge.
I think a large part of that, for the discussions we've had, is that we can show evidence that we're delivering across a number of cultural, social and environmental aspects of well-being, but there remains a lot of confusion around the aspect of economic well-being. With the CJCs launching in recent years, and both the PSBs and the CJCs having a mandate to deliver economic well-being, but not a shared definition of what that is, or what ‘good’ looks like, is proving a challenge. I think an assumption that economic well-being is going to be taken care of by the CJC, but separate from the PSB, without that holistic systems lens that the PSBs offer, misses valuable opportunities that the PSB can really help the CJC deliver on, particularly when we look at some of the key drivers of risk that are held through economic decision making—so, infrastructure, transport and more. So, really grappling with that intersection around economic well-being, and are we applying the Act as robustly to economic decisions as we are in other areas.
Then I'd also like to add that an area of challenge, really, is around the integration of risk assessment. Particularly as we look at some of the recommendations that the future generations commissioner has made recently, it really raises the question of whether the risks that those recommendations respond to are understood with a shared perspective across PSBs, across local authorities, across all public bodies. The Act requires that the ‘Future Trends Report’ and the climate change risk assessments are considered, but those are only every five or six years, and the risks are changing and maturing and escalating. It doesn't feel that there is a shared understanding, a live understanding of what those risks are across leadership boards in north Wales, and across even services within local authorities. So, I guess in terms of an area where the Act might look for additional clarity, that would be how are we updating those, our understanding of risk, and what sources of risk are we drawing on.
Denbighshire, for example, is working with our insurance company to do risk horizon scanning with the senior leadership team, and the risks that that insurance company are highlighting are not just extreme weather events, but critical changes to earth systems, biodiversity loss and natural resource shortages driving really significant risks. Do we have that shared understanding not just from that insurance company, but more widely across PSBs and local and public bodies?