Risk management involves taking a proactive approach to identifying possible risks and weighing up the costs and benefits of different actions. Many businesses don’t recover from a weather-related event, planning to prevent, prepare, respond and recover is vital.
In adopting a risk management approach, business should consider:
- What are the implications of climate change for my business and my destination?
- What are the key things I rely on to operate my business?
- Who are my most important customers & suppliers?
- How will I let them know about a change in my business?
- Who can assist me to respond and recover?
- How can I operate in the absence of key resources, people and facilities?
- How can I continue to operate long term?
- How will my customers react to climate change or other weather-related events?
“Sustainability is first and foremost about managing risk and identifying and creating value.”
Noel Purcell, Westpac Banking Corporation
Tourism and Events Queensland has developed a user-friendly toolbox for risk management, particularly weather-related risks. To start planning your risk management approach download the Weather Proof Your Business Work Book.
Weather Proof Your Business Work Book