Spring Sale Limited Time 70% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: simple70

GARP Sustainability and Climate Risk SCR Question # 2 Topic 1 Discussion

GARP Sustainability and Climate Risk SCR Question # 2 Topic 1 Discussion

SCR Exam Topic 1 Question 2 Discussion:
Question #: 2
Topic #: 1

A major hurricane extensively damages the electrical infrastructure of a utility company. To improve the utility’s risk management, the risk director prepares a strategy plan and incorporates climate risk considerations within the existing risk management framework.

Which recommendation should the director make to incorporate climate risk into the framework’s risk identification component?


A.

Evaluate the vulnerability and adaptive capacity of facilities using data gathered on the scope of climate risks.


B.

Flag any substantial changes in the utility’s external environment to trigger a modification of the risk management process.


C.

Examine the transmission channels of climate risk drivers into financial risk to determine which risks are likely to materialize for the utility.


D.

Rate risks on impact and level of control to focus on risks with the most severe impact but over which the utility has the most control to improve outcomes.


Get Premium SCR Questions

Contribute your Thoughts:


Chosen Answer:
This is a voting comment (?). It is better to Upvote an existing comment if you don't have anything to add.