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Risk Management

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:

  • 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:

  • 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:

  • 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.

Useful Resources: 

  • Weather Proof Your Business Work Book
  • Risk Management

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