What does GARP stand for?

GARP stands for the Global Association of Risk Professionals, which is a prominent organization dedicated to the advancement of risk management practices and education. It plays a crucial role in establishing standards for knowledge and skills in the risk management field, providing resources, certifications, and networking opportunities for professionals engaged in risk management across various sectors, including finance, sustainability, and climate risk.

The other options represent variations that do not accurately reflect the official name of the organization. For instance, "Global Assessment of Risk Practices" implies a focus on evaluating practices rather than fostering professional development and networking. "General Association of Regulatory Practices" suggests a broader regulatory context that does not specifically target risk management. "Governing Alliance of Risk Providers" indicates a focus on collaboration among risk service providers, which deviates from GARP's mission of promoting risk management education and professional development.