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WorksheetsClimate Change and Business Risk (Level 5)
Total questions: 67
Worksheet time: 34mins
Fill in the blank: Sudden climate-related events are known as ______ risks.
Acute
Chronic
Latent
Residual
Which of the following is an example of extreme weather?
A) Sea-level rise
B) Storms
C) Water scarcity
D) Supply chain disruptions
Fill in the blank: Wildfires and drought-induced crop failures are examples of ______ risks.
Physical
Financial
Technological
Political
Fill in the blank: Long-term environmental changes are referred to as ______ risks.
Chronic
Acute
Temporary
Sudden
Which of the following is a chronic risk associated with climate change?
Sudden storms
Sea-level rise
Insurance premium increase
Supply chain disruptions
Fill in the blank: Higher average temperatures are a result of ______ changes due to climate change.
Long-term environmental
Short-term economic
Temporary social
Immediate political
Fill in the blank: ______ scarcity is a physical risk caused by climate change.
Water
Food
Energy
Land
Fill in the blank: Climate change can cause supply chain ______.
disruptions
improvements
expansions
stabilizations
Fill in the blank: Increased insurance premiums or loss of coverage are ______ for organisations due to climate change.
implications
solutions
benefits
requirements
Fill in the blank: Infrastructure damage and operational ______ are physical risks of climate change.
downtime
growth
expansion
profit
What are transition risks?
Risks arising from the shift to a low-carbon or net-zero economy.
Risks related to natural disasters such as earthquakes and floods.
Risks associated with technological failures in energy systems.
Risks from fluctuations in global commodity prices.
Which of the following is a key driver of transition risks?
Policy and regulation: carbon taxes, emissions caps, reporting requirements
Reduced productivity (e.g., heat stress)
Stranded assets (e.g., fossil-based infrastructure)
Rising compliance costs
Fill in the blank: Market changes such as shifting customer preferences and low-carbon competition are examples of ________ for transition risks.
key drivers
minor factors
irrelevant issues
secondary concerns
Which of the following is an implication for organizations due to transition risks?
Stranded assets (e.g., fossil-based infrastructure)
Technology shifts: new energy systems, resource efficiency innovation
Reputational pressure: expectations from consumers, investors, and NGOs
Policy and regulation: carbon taxes, emissions caps, reporting requirements
Fill in the blank: Rapid obsolescence of ________ is a risk for organizations transitioning to a low-carbon economy.
carbon-intensive technologies
renewable energy sources
digital marketing strategies
employee training programs
Loss of market share to more sustainable competitors is an example of what type of risk for organizations?
Transition risk
Physical risk
Operational risk
Reputational risk
Fill in the blank: Structured ________ is key for managing transition risks.
risk management
planning
communication
investment
What is the first step in structured climate risk management according to the passage?
Risk Identification
Risk Assessment
Risk Mitigation
Risk Communication
Which component of climate risk management involves assessing climate hazards, vulnerable assets, and supply chain exposure?
Risk Identification
Risk Mitigation
Risk Communication
Risk Financing
What does Risk Assessment & Scenario Analysis use to evaluate climate risks?
Climate models and long-term projections
Historical fiction novels
Astrological predictions
Random number generators
Which frameworks are suggested for adoption in climate risk management?
TCFD, ISO 14091
GAAP, SOX
GDPR, HIPAA
COBIT, ITIL
What does Risk Prioritisation evaluate in climate risk management?
Probability, severity, and business impact
Cost, time, and resources
Location, temperature, and humidity
Employee satisfaction, training, and retention
Market trends, competition, and innovation
Which component of climate risk management involves developing adaptation strategies, diversifying supply chains, and enhancing resilience?
Risk Mitigation Planning
Risk Assessment
Risk Communication
Risk Monitoring
What is the purpose of Monitoring & Review in climate risk management?
Continuous updating as new climate science and regulations emerge
Ensuring financial audits are conducted annually
Promoting public awareness campaigns only
Focusing solely on historical climate data
Which component of climate risk management focuses on engaging relevant parties?
Stakeholder Engagement
Risk Assessment
Data Analysis
Policy Implementation
Fill in the blank: One of the benefits mentioned is ________ decision-making.
Improved
Delayed
Confused
Random
Fill in the blank: Enhanced compliance and ________ is listed as a benefit.
reporting
security
efficiency
automation
Fill in the blank: Reduced financial ________ is a benefit of adaptation and resilience strategies.
volatility
growth
burden
liability
Fill in the blank: Better ________ confidence is a benefit mentioned in the worksheet.
investor
employee
customer
manager
Fill in the blank: Competitive advantage through proactive ________ is a benefit listed.
preparation
negotiation
communication
delegation
Fill in the blank: Strengthening infrastructure such as flood defenses and heat-resistant materials is an example of an ________ strategy.
adaptation
mitigation
prevention
restoration
Fill in the blank: Water management and conservation technologies are actions that reduce vulnerability to ________ risks.
climate
financial
technological
political
What is resilience in the context of organisational resilience? Fill in the blank: Resilience is the ability to anticipate, withstand, recover, and ________ when facing climate disruptions.
transform
ignore
delay
retreat
Which of the following is a key principle of building organisational resilience?
Flexibility in operations and logistics
Increasing profits
Reducing staff
Ignoring climate disruptions
Which of the following is NOT a key principle of building organisational resilience?
Redundancy (backup systems, alternative suppliers)
Data-driven forecasting (weather analytics, climate modelling)
Training and capacity-building among staff
Reducing communication
Name one benefit of building organisational resilience.
Reduced downtime and losses
Increased paperwork and bureaucracy
Decreased employee engagement
Higher operational risks
Protection of brand and stakeholder trust is a benefit of building organisational resilience.
True
False
Which of the following is a benefit of building organisational resilience?
Greater adaptability to uncertain futures
Increased pollution
Reduced innovation
Ignoring climate disruptions
Select any two key principles of building organisational resilience.
Adaptability and risk management
Micromanagement and rigidity
Isolation and secrecy
Short-term focus and inflexibility
What does data-driven forecasting in organisational resilience involve?
Weather analytics, climate modelling
Employee satisfaction surveys
Financial auditing procedures
Marketing campaign analysis
Fill in the blank: One of the innovation drivers for the global shift toward low-carbon and net-zero systems is the pressure to reduce ________.
emissions
costs
energy consumption
waste
Fill in the blank: Investment in ________ technologies is a key driver of innovation in the shift toward low-carbon and net-zero systems.
clean
obsolete
fossil
outdated
Fill in the blank: Consumer demand for ________ products is driving innovation in low-carbon and net-zero systems.
sustainable
luxury
obsolete
hazardous
Fill in the blank: Incentives such as subsidies, tax credits, and ________ financing are drivers of innovation in low-carbon and net-zero systems.
green
private
traditional
short-term
Which of the following is an area of innovation in the shift toward low-carbon and net-zero systems?
Renewable energy
Fossil fuel expansion
Deforestation
Increased plastic use
Fill in the blank: Electrification of ________ is an area of innovation in low-carbon and net-zero systems.
transport
agriculture
forestry
mining
Fill in the blank: Circular ________ technologies are an area of innovation in the shift toward low-carbon and net-zero systems.
economy
energy
transport
waste
Fill in the blank: Carbon capture, utilisation, and ________ (CCUS) is an area of innovation in low-carbon and net-zero systems.
storage
recycling
combustion
generation
Fill in the blank: One benefit of adopting green business practices is ________ through efficiency.
Cost savings
Increased pollution
Higher expenses
Reduced innovation
Decreased employee morale
Fill in the blank: New revenue streams can be generated from ________ products.
green
expired
damaged
illegal
Fill in the blank: Enhanced ________ value is a benefit of green business practices.
brand
employee
product
customer
Fill in the blank: Access to green ________ markets is a benefit of sustainable business models.
capital
energy
food
transport
Which of the following is NOT a principle of the circular economy?
Reuse
Repair
Remanufacture
Discard
Fill in the blank: Product-as-a-service involves ________ instead of selling (e.g., equipment rental, mobility-as-a-service).
leasing
buying
manufacturing
discarding
Fill in the blank: Shared economy platforms help reduce waste through ________ sharing.
asset
food
data
energy
Fill in the blank: Green supply chains focus on responsible sourcing and ________ tracking.
emissions
inventory
sales
delivery
Which of the following is a feature of carbon-neutral products?
Offsetting
Insetting
Use of low-emission materials
All of the above
Fill in the blank: Localisation helps in reducing transportation emissions through ______ production.
localised
centralised
globalised
outsourced
Which of the following is used for energy optimisation?
Blockchain
Digital twins
AI-driven resource efficiency
Localisation
Fill in the blank: ______ is used for resource efficiency driven by artificial intelligence.
AI-driven resource efficiency
Manual resource allocation
Traditional resource management
Human-driven resource efficiency
Which technology is mentioned for supply chain transparency?
Digital twins
Blockchain
Localisation
AI-driven resource efficiency
Fill in the blank: These models help organisations align with ______ and market expectations.
regulatory
financial
technological
social
Fill in the blank: One benefit of these models is to reduce ______ footprint.
environmental
financial
digital
cultural
Fill in the blank: These models help open new markets and enhance ______.
competitiveness
complexity
costs
confusion
Fill in the blank: These models increase long-term organisational ______.
resilience
profitability
conflict
instability
According to the summary, what dual risks does climate change present to businesses?
Physical and transitional risks
Financial and operational risks
Legal and reputational risks
Technological and market risks
According to the summary, what is the benefit of transitioning to a low carbon economy for organisations?
It helps organisations reduce their environmental impact.
It increases the cost of operations for organisations.
It limits innovation within organisations.
It decreases the competitiveness of organisations.
