Question
QUESTION 3 (30 MARKS) BWRR5103 SUSTAINABILITY RISK MANAGEMENT a) Corporate culture refers to the set of beliefs, behaviors and business practices that altogether establish how
QUESTION 3 (30 MARKS)
BWRR5103 SUSTAINABILITY RISK MANAGEMENT
a) Corporate culture refers to the set of beliefs, behaviors and business practices that altogether establish how an organization engages with external actors, manages outside business transactions, and defines its attitudes towards ESG-related risks. Briefly explain how can risk culture be actively shaped in an organisation. (8 marks)
b) Climate change poses significant and growing risks to our collective future. Rising sea levels, floods and droughts have displaced people from their homes, disrupted commerce and threatened natural resources and the livelihoods of many. Malaysia too, is not spared from the physical and transition risks arising from climate change. As a risk manager, you are required to explain FOUR (4) key risk areas where companies may experience financial effects due to climate change. (12 marks)
c) Having a board committee charged with the oversight responsibility for sustainability and ERM will enable the company to define the company's risk appetite and set appropriate metrics for monitoring both sustainability goals and enterprise risks. Discuss FOUR (4) importance of 'tone at the top' for sustainability and risk management.
NOTE:
please make more explanation and write down academically form
answer by (A, B, C)
THANK YOU
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