Sample interview questions: How do you assess and manage potential risks and disruptions related to climate change or natural disasters in a business strategy?
Sample answer:
Assess Potential Risks and Disruptions
- Conduct a Climate Risk Assessment: Identify physical, regulatory, and reputational risks that climate change and natural disasters pose to the business, supply chain, and customer base.
- Utilize Scenario Planning: Develop and assess multiple scenarios with varying climate and disaster impacts to understand potential outcomes and vulnerabilities.
- Engage with Experts: Consult with scientists, engineers, and industry specialists to obtain scientific insights and data on climate projections and disaster risks.
Manage Potential Risks and Disruptions
- Develop Mitigation Strategies: Implement measures to reduce or eliminate identified risks, such as improving infrastructure resilience, diversifying supply chains, and investing in renewable energy.
- Establish Contingency Plans: Create detailed plans that outline actions to be taken in the event of a climate-related or natural disaster, including evacuation procedures, business continuity measures, and communication protocols.
- Enhance Business Resilience: … Read full answer
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