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Climate Change and Business Risk (Level 5)

Total questions: 67

Worksheet time: 34mins

Name
Class
Date
1.

Fill in the blank: Sudden climate-related events are known as ______ risks.

a)

Acute

b)

Chronic

c)

Latent

d)

Residual

2.

Which of the following is an example of extreme weather?

a)

A) Sea-level rise

b)

B) Storms

c)

C) Water scarcity

d)

D) Supply chain disruptions

3.

Fill in the blank: Wildfires and drought-induced crop failures are examples of ______ risks.

a)

Physical

b)

Financial

c)

Technological

d)

Political

4.

Fill in the blank: Long-term environmental changes are referred to as ______ risks.

a)

Chronic

b)

Acute

c)

Temporary

d)

Sudden

5.

Which of the following is a chronic risk associated with climate change?

a)

Sudden storms

b)

Sea-level rise

c)

Insurance premium increase

d)

Supply chain disruptions

6.

Fill in the blank: Higher average temperatures are a result of ______ changes due to climate change.

a)

Long-term environmental

b)

Short-term economic

c)

Temporary social

d)

Immediate political

7.

Fill in the blank: ______ scarcity is a physical risk caused by climate change.

a)

Water

b)

Food

c)

Energy

d)

Land

8.

Fill in the blank: Climate change can cause supply chain ______.

a)

disruptions

b)

improvements

c)

expansions

d)

stabilizations

9.

Fill in the blank: Increased insurance premiums or loss of coverage are ______ for organisations due to climate change.

a)

implications

b)

solutions

c)

benefits

d)

requirements

10.

Fill in the blank: Infrastructure damage and operational ______ are physical risks of climate change.

a)

downtime

b)

growth

c)

expansion

d)

profit

11.

What are transition risks?

a)

Risks arising from the shift to a low-carbon or net-zero economy.

b)

Risks related to natural disasters such as earthquakes and floods.

c)

Risks associated with technological failures in energy systems.

d)

Risks from fluctuations in global commodity prices.

12.

Which of the following is a key driver of transition risks?

a)

Policy and regulation: carbon taxes, emissions caps, reporting requirements

b)

Reduced productivity (e.g., heat stress)

c)

Stranded assets (e.g., fossil-based infrastructure)

d)

Rising compliance costs

13.

Fill in the blank: Market changes such as shifting customer preferences and low-carbon competition are examples of ________ for transition risks.

a)

key drivers

b)

minor factors

c)

irrelevant issues

d)

secondary concerns

14.

Which of the following is an implication for organizations due to transition risks?

a)

Stranded assets (e.g., fossil-based infrastructure)

b)

Technology shifts: new energy systems, resource efficiency innovation

c)

Reputational pressure: expectations from consumers, investors, and NGOs

d)

Policy and regulation: carbon taxes, emissions caps, reporting requirements

15.

Fill in the blank: Rapid obsolescence of ________ is a risk for organizations transitioning to a low-carbon economy.

a)

carbon-intensive technologies

b)

renewable energy sources

c)

digital marketing strategies

d)

employee training programs

16.

Loss of market share to more sustainable competitors is an example of what type of risk for organizations?

a)

Transition risk

b)

Physical risk

c)

Operational risk

d)

Reputational risk

17.

Fill in the blank: Structured ________ is key for managing transition risks.

a)

risk management

b)

planning

c)

communication

d)

investment

18.

What is the first step in structured climate risk management according to the passage?

a)

Risk Identification

b)

Risk Assessment

c)

Risk Mitigation

d)

Risk Communication

19.

Which component of climate risk management involves assessing climate hazards, vulnerable assets, and supply chain exposure?

a)

Risk Identification

b)

Risk Mitigation

c)

Risk Communication

d)

Risk Financing

20.

What does Risk Assessment & Scenario Analysis use to evaluate climate risks?

a)

Climate models and long-term projections

b)

Historical fiction novels

c)

Astrological predictions

d)

Random number generators

21.

Which frameworks are suggested for adoption in climate risk management?

a)

TCFD, ISO 14091

b)

GAAP, SOX

c)

GDPR, HIPAA

d)

COBIT, ITIL

22.

What does Risk Prioritisation evaluate in climate risk management?

a)

Probability, severity, and business impact

b)

Cost, time, and resources

c)

Location, temperature, and humidity

d)

Employee satisfaction, training, and retention

e)

Market trends, competition, and innovation

23.

Which component of climate risk management involves developing adaptation strategies, diversifying supply chains, and enhancing resilience?

a)

Risk Mitigation Planning

b)

Risk Assessment

c)

Risk Communication

d)

Risk Monitoring

24.

What is the purpose of Monitoring & Review in climate risk management?

a)

Continuous updating as new climate science and regulations emerge

b)

Ensuring financial audits are conducted annually

c)

Promoting public awareness campaigns only

d)

Focusing solely on historical climate data

25.

Which component of climate risk management focuses on engaging relevant parties?

a)

Stakeholder Engagement

b)

Risk Assessment

c)

Data Analysis

d)

Policy Implementation

26.

Fill in the blank: One of the benefits mentioned is ________ decision-making.

a)

Improved

b)

Delayed

c)

Confused

d)

Random

27.

Fill in the blank: Enhanced compliance and ________ is listed as a benefit.

a)

reporting

b)

security

c)

efficiency

d)

automation

28.

Fill in the blank: Reduced financial ________ is a benefit of adaptation and resilience strategies.

a)

volatility

b)

growth

c)

burden

d)

liability

29.

Fill in the blank: Better ________ confidence is a benefit mentioned in the worksheet.

a)

investor

b)

employee

c)

customer

d)

manager

30.

Fill in the blank: Competitive advantage through proactive ________ is a benefit listed.

a)

preparation

b)

negotiation

c)

communication

d)

delegation

31.

Fill in the blank: Strengthening infrastructure such as flood defenses and heat-resistant materials is an example of an ________ strategy.

a)

adaptation

b)

mitigation

c)

prevention

d)

restoration

32.

Fill in the blank: Water management and conservation technologies are actions that reduce vulnerability to ________ risks.

a)

climate

b)

financial

c)

technological

d)

political

33.

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.

a)

transform

b)

ignore

c)

delay

d)

retreat

34.

Which of the following is a key principle of building organisational resilience?

a)

Flexibility in operations and logistics

b)

Increasing profits

c)

Reducing staff

d)

Ignoring climate disruptions

35.

Which of the following is NOT a key principle of building organisational resilience?

a)

Redundancy (backup systems, alternative suppliers)

b)

Data-driven forecasting (weather analytics, climate modelling)

c)

Training and capacity-building among staff

d)

Reducing communication

36.

Name one benefit of building organisational resilience.

a)

Reduced downtime and losses

b)

Increased paperwork and bureaucracy

c)

Decreased employee engagement

d)

Higher operational risks

37.

Protection of brand and stakeholder trust is a benefit of building organisational resilience.

a)

True

b)

False

38.

Which of the following is a benefit of building organisational resilience?

a)

Greater adaptability to uncertain futures

b)

Increased pollution

c)

Reduced innovation

d)

Ignoring climate disruptions

39.

Select any two key principles of building organisational resilience.

a)

Adaptability and risk management

b)

Micromanagement and rigidity

c)

Isolation and secrecy

d)

Short-term focus and inflexibility

40.

What does data-driven forecasting in organisational resilience involve?

a)

Weather analytics, climate modelling

b)

Employee satisfaction surveys

c)

Financial auditing procedures

d)

Marketing campaign analysis

41.

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 ________.

a)

emissions

b)

costs

c)

energy consumption

d)

waste

42.

Fill in the blank: Investment in ________ technologies is a key driver of innovation in the shift toward low-carbon and net-zero systems.

a)

clean

b)

obsolete

c)

fossil

d)

outdated

43.

Fill in the blank: Consumer demand for ________ products is driving innovation in low-carbon and net-zero systems.

a)

sustainable

b)

luxury

c)

obsolete

d)

hazardous

44.

Fill in the blank: Incentives such as subsidies, tax credits, and ________ financing are drivers of innovation in low-carbon and net-zero systems.

a)

green

b)

private

c)

traditional

d)

short-term

45.

Which of the following is an area of innovation in the shift toward low-carbon and net-zero systems?

a)

Renewable energy

b)

Fossil fuel expansion

c)

Deforestation

d)

Increased plastic use

46.

Fill in the blank: Electrification of ________ is an area of innovation in low-carbon and net-zero systems.

a)

transport

b)

agriculture

c)

forestry

d)

mining

47.

Fill in the blank: Circular ________ technologies are an area of innovation in the shift toward low-carbon and net-zero systems.

a)

economy

b)

energy

c)

transport

d)

waste

48.

Fill in the blank: Carbon capture, utilisation, and ________ (CCUS) is an area of innovation in low-carbon and net-zero systems.

a)

storage

b)

recycling

c)

combustion

d)

generation

49.

Fill in the blank: One benefit of adopting green business practices is ________ through efficiency.

a)

Cost savings

b)

Increased pollution

c)

Higher expenses

d)

Reduced innovation

e)

Decreased employee morale

50.

Fill in the blank: New revenue streams can be generated from ________ products.

a)

green

b)

expired

c)

damaged

d)

illegal

51.

Fill in the blank: Enhanced ________ value is a benefit of green business practices.

a)

brand

b)

employee

c)

product

d)

customer

52.

Fill in the blank: Access to green ________ markets is a benefit of sustainable business models.

a)

capital

b)

energy

c)

food

d)

transport

53.

Which of the following is NOT a principle of the circular economy?

a)

Reuse

b)

Repair

c)

Remanufacture

d)

Discard

54.

Fill in the blank: Product-as-a-service involves ________ instead of selling (e.g., equipment rental, mobility-as-a-service).

a)

leasing

b)

buying

c)

manufacturing

d)

discarding

55.

Fill in the blank: Shared economy platforms help reduce waste through ________ sharing.

a)

asset

b)

food

c)

data

d)

energy

56.

Fill in the blank: Green supply chains focus on responsible sourcing and ________ tracking.

a)

emissions

b)

inventory

c)

sales

d)

delivery

57.

Which of the following is a feature of carbon-neutral products?

a)

Offsetting

b)

Insetting

c)

Use of low-emission materials

d)

All of the above

58.

Fill in the blank: Localisation helps in reducing transportation emissions through ______ production.

a)

localised

b)

centralised

c)

globalised

d)

outsourced

59.

Which of the following is used for energy optimisation?

a)

Blockchain

b)

Digital twins

c)

AI-driven resource efficiency

d)

Localisation

60.

Fill in the blank: ______ is used for resource efficiency driven by artificial intelligence.

a)

AI-driven resource efficiency

b)

Manual resource allocation

c)

Traditional resource management

d)

Human-driven resource efficiency

61.

Which technology is mentioned for supply chain transparency?

a)

Digital twins

b)

Blockchain

c)

Localisation

d)

AI-driven resource efficiency

62.

Fill in the blank: These models help organisations align with ______ and market expectations.

a)

regulatory

b)

financial

c)

technological

d)

social

63.

Fill in the blank: One benefit of these models is to reduce ______ footprint.

a)

environmental

b)

financial

c)

digital

d)

cultural

64.

Fill in the blank: These models help open new markets and enhance ______.

a)

competitiveness

b)

complexity

c)

costs

d)

confusion

65.

Fill in the blank: These models increase long-term organisational ______.

a)

resilience

b)

profitability

c)

conflict

d)

instability

66.

According to the summary, what dual risks does climate change present to businesses?

a)

Physical and transitional risks

b)

Financial and operational risks

c)

Legal and reputational risks

d)

Technological and market risks

67.

According to the summary, what is the benefit of transitioning to a low carbon economy for organisations?

a)

It helps organisations reduce their environmental impact.

b)

It increases the cost of operations for organisations.

c)

It limits innovation within organisations.

d)

It decreases the competitiveness of organisations.