Climate risk management
In FY23 we held a series of internal workshops with key stakeholders to identify our climate-related risks and formally integrate these into our Risk Management Framework. The climate-related risks followed the established process of being analysed, evaluated, and mitigated at a business unit level.
Some of our identified climate-related risks included:
- More frequent and severe climate-related events impacting our infrastructure and creating asset damage or loss;
- Climate-related events impacting our suppliers ability to consistently manufacture and deliver goods and / or our ability to deliver goods around the country; and
- Our products and services not meeting changing consumer preferences and expectations.
Climate change poses a risk to every business. Here at 2degrees the relevant business owner proactively identifies and manages climate-related risks related to their area of expertise.