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Business Sustainability Risk Index (BSRI)
Business Sustainability Risk Index
The Business Sustainability Risk Index helps executives prioritize sustainability and circular economy initiatives based on urgency and potential business impact, allowing for more efficient resource allocation and risk management.
Level 1 - Critical Business Threat
- Immediate existential risks requiring immediate executive intervention
- Examples: Major environmental violations leading to license revocation, critical resource depletion affecting core operations, severe regulatory non-compliance with immediate penalties
- Required response: Immediate action within days, executive team activation
- Resource allocation: Highest priority, unlimited emergency resources
Level 2 - Severe Risk Exposure
- High-risk conditions that could rapidly impact business continuity
- Examples: Supply chain disruption due to resource scarcity, mounting regulatory pressure on key materials, significant carbon pricing impact on operations
- Required response: Strategic intervention within weeks
- Resource allocation: Significant budget allocation, dedicated team assignment
Level 3 - Material Business Risk
- Serious sustainability challenges requiring multiple interventions
- Examples: Rising waste management costs, increasing stakeholder pressure on circular practices, competitor advancement in sustainable products
- Required response: Action plan within quarter
- Resource allocation: Moderate investment, cross-functional team involvement
Level 4 - Emerging Risk Factors
- Conditions requiring monitoring and planning
- Examples: Changing consumer preferences for sustainable products, emerging ESG reporting requirements, minor supply chain sustainability gaps
- Required response: Development of mitigation strategies within 6 months
- Resource allocation: Limited budget, designated department oversight
Level 5 - Long-term Considerations
- Minor sustainability concerns manageable within normal operations
- Examples: General waste reduction opportunities, energy efficiency improvements, basic circular economy initiatives
- Required response: Include in regular business planning cycle
- Resource allocation: Business-as-usual budget, existing team capacity
Discover Your Sustainability Risk
Schedule a Free Risk Discovery Call with Ken Alston
- Do you know that regulations require businesses like yours to report carbon emissions and that Extended Producer Responsibility Laws may apply to your products? Non-compliance could cost you thousands of $s in fines or lead to lawsuits.
- Our Solution: We simplify the process and make sure you're compliant, saving you time, money, and headaches.
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