Business Roundtable Panelist: Chi Mun Woo (KPMG - Partner, Climate Change and Sustainability) "How understanding risk interconnectedness builds better business climate resilience"

Business Roundtable Panelist: Chi Mun Woo (KPMG - Partner, Climate Change and Sustainability) "How understanding risk interconnectedness builds better business climate resilience"

Business Roundtable Panelist: Chi Mun Woo (KPMG - Partner, Climate Change and Sustainability) "How understanding risk interconnectedness builds better business climate resilience" (1060)

Chi Mun Woo ¹

KPMG, Sydney, NSW, Australia

Due to the highly connected nature of downstream and upstream business supply chains, the incorporation of interdependency analysis into risk assessment processes is critical for businesses. Failure by one party in this supply chain to identify and manage risk and externalities may have severe impacts on others. Therefore when addressing mega forces such as climate change it is essential that risk is assessed and managed at a systems level. This approach ensures that critical climate risks can be exposed and collective resources are focused towards adaptive actions that maximise cost-benefit outcomes. By way of case studies this presentation will highlight how understanding risk interconnectedness builds better business resilience and how the consideration of externalities is an essential part of every businesses value creation story.

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Authors contributing to this abstract.

Woo, C

Chi is a Partner at KPMG Australia's Climate Change and Sustainability practice with over 15 years international experience in advising businesses and NGOs on sustainability issues and strategies, management systems, performance measurement, benchmarking, reporting and assurance. Chi was previously the deputy head of the sustainability practice in KPMG Johannesburg, where he worked on various sustainability projects including an energy efficiency program for townships in the Highveld and an endangered species conservation strategy for the UNDP and the Government of Botswana. Chi's focus in Australia includes sustainability strategy, climate adaptation and resilience, and social return on investment. He has worked in the past couple of years alongside alliance partner, RPS Group, to build capability and approaches with respect to adaptation and is currently working with them on the development of the City of Sydney's Climate Adaptation Plan. KPMG is also a Climate Partner of The Climate Institute and a corporate member of Green Cross Australia's Business Adaptation Network supporting best practice in climate change adaptation across industry sectors.

Business Roundtable Panelist: Chi Mun Woo (KPMG - Partner, Climate Change and Sustainability) "How understanding risk interconnectedness builds better business climate resilience" (1060)

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