Conduct risk assessments to identify vulnerabilities of communities to climate change impacts such as sea-level rise, extreme weather events, and water scarcity. Analyze data on environmental and social factors to predict potential risks and develop mitigation strategies.
Type: Workflow
Business Workflow Step: Climate Change Vulnerability Assessments and Risk Analysis This workflow step involves a comprehensive analysis of an organization's potential exposure to climate-related risks. It entails identifying vulnerabilities in operations, supply chains, and infrastructure that could be impacted by changing environmental conditions. Key activities include: * Conducting stakeholder engagement to gather insights on potential climate-related impacts * Reviewing existing risk management policies and procedures for alignment with evolving climate change scenarios * Analyzing historical climate data to inform projections of future weather patterns and their associated risks * Assessing the organization's physical assets, operations, and supply chains for resilience to extreme weather events and other climate-related disruptions * Developing a prioritized list of mitigation strategies to address identified vulnerabilities and reduce potential losses.
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