Risk Flashcards
What do resources include?
People
Time
Assets
Why may risk impact businesses?
Risk includes uncertainty as well as other factors outside of ones control, which may impact the business
What does the knowledge of risk allow people to plan for
To protect resources
Maximise resources
How does loadshedding impact communities
It impacts:
Clinics, hospitals and other healthcare facilities
Hoouseholds
Education and schools
Transport
Mental health
How. Does loadshedding impact health care facilities
Equipment destruction
Surgical backlogs
Exposure to criminal activities
How does loadshedding impact households
Additional cost of alternate energy
Destruction of devices
How does loadshedding impact education and schools
Some schools are poorly lit (little alternative energy)
Online class attendance impacted
How does LSHED impact transport
Travel time
How does LSHED impact mental health
Negativity, disengaged, less productive, less healthy
How does loadshedding impact businesses
Production
Retail
Transport and storage
Profits
How does LSHED impact buss production
Mining
Agriculture, forestry, fisheries
Cost of idle production capacity
How does LSHED impact buss retail
High diesel cost
Damage to equipment
How does LSHED impact buss profits
High diesel cost
Loss of production
What impact odes loadshedding have on the economy
Decline in employment
Food security threatened
Reduction in GDP
Downgrading of economy by rating agencies (increasing capital costs)
Effects of war
Loss of human life
Loss infrastructure
Economic loss
Economic effects of war. (Specifically on a business) (direct effects on business)
Loss of life (decline in work population and amount of consumers)
Destruction of infrastructure, buildings and equipment
What are the indirect effects war has on business
Increased cost of doing business
Decline in consumer demand
Increased transaction cost
Larger salaries to at risk employees
Decline in foreign investment
Possible new gov regulations and possibilities (increased taxes)
Loss in GDP
Types of climate change action
Adaptation and resilience
Mitigation
Loss and damages
Climate and carbon finance
What does adaptation to climate change imply
Addresses minimising climate changes impacts
What does mitigation of climate change imply
Addresses the causes of climate change
How do you mitigate climate change
New tech and renewable energies
Making older equipment more energy efficient
Changing consumer behaviour
What is climate finance
All finances addressing the causes and consequences of climate change
