§Explain the concept of environmental sustainability. §What actions might a business take to improve its perceived environmental sustainability and how would it track and report its actions. §Explain transition risk in respect of climate change risk and discuss why it is important for a bank to measure and manage transition risk. How might it do this? Guidance
25 Week 10 Question 2a)Explain the concept of ESG and how it relates to environmental sustainability. b)Which group of stakeholders does a sustainability report aim to communicate to and what measures and metrics are typically reported? c)Explain the four theories of risk communication and explain how the essential elements of a good risk communication strategy can assist in reducing adverse outcomes from an unexpected event. Guidance a)Refer Q1. ESG is a set of standards for a company’s operations that socially conscious investors use to screen investments. Environment sustainability is one of the components of ESG. b)All stakeholders. Metrics vary widely but are increasingly
26 Week 10
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- definitions of risk