Initiate a process to develop the risk management and treatment plans
Objectives
- To confirm priority risks identified as per the risk assessment matrix in the Identification and Assessment Workshop
- To develop ideas for the management and treatment of priority risks identified
- To explore opportunities to engage with suppliers, customers and other key stakeholders
- To suggest a monitoring process to measure progress against agreed plans
Pre-requisite: Risk Identification and Assessment Workshop
Audience: Heads of key divisions, sites and functions within the organisation
Participants: Maximum of 20
Duration: 1 day
Climate Change Risk Management and Treatment Workshop (Indicative only*)
| Introduction |
| Company specific climate change risks - Confirm findings of identification and assessment workshop
- Evaluate existing controls and mechanisms to manage risks
- Prioritise residual risks and evaluate treatment options (initiatives and actions)
|
| Partnering with stakeholders (suppliers, customers, advisers etc) - Review implications to key stakeholders including supply chain
- Identifying opportunities for collaboration
- Leveraging the business value chain
|
| Management plan - Review suggested initiatives and actions
- Review priority steps and allocation of key responsibilities
|
| Monitoring progress - Help establish monitoring mechanisms for tracking project initiative progress and ensure effective management of risks and opportunities
|
| Communication & Reporting - Internal (board, management, risk committees etc)
- External - sustainability report, annual report
- ASX requirements, investors
- Carbon Disclosure Project
|
| Conclusion |
*Program to be developed based on specific needs of clients
Benefits
- Risk management and treatment options identified form a part of the company's climate change risk management response
- Develop basis of a management plan
- Enhanced basis for communicating the organisation's climate change response to stakeholders
