From risk to resilience: incubating adaptive climate-proof businesses (day 2)
Channel: IIED
Date: 2022-02-04

This virtual Forest and Farm Facility training-of-trainers event took place over five days from 10-14 January 2022. 

It provided a refresher course on two toolkits that have been developed to support practitioners in improving business incubation and risk management processes – plus adding a new module on 30 practical options to climate-proof your business. 

Day 2. Securing forest business – Risk self-assessment for forest and farm businesses (part 1). 

01:22 - Module 4: Introduction to the ‘securing forest business’ toolkit

This covers the seven steps and tools covered in 'Securing forest business: a risk management toolkit for locally controlled forest businesses' (https://pubs.iied.org/13583iied). Each step includes a module and set of exercises that feed into each other in a logical flow of information gathering and analysis. 

After this session, you should be able to explain what risk management is, why it is useful, and how the business can do its own risk self-assessment using the tools in this toolkit.

39:49 - Module 5: Identifying risks

Once you know which objectives are of interest to the business, you can start identifying and categorising risk. We use a risk-assessment framework consisting of six areas of risk designed to help with brainstorming, and to help prompt questions, which include risks to do with: natural resources (including climate change), financial revenue flows, business relationships, policies and regulations, staff and operational capacities and brand reputation. 

At the end of this session you will have a list of challenges that you need to address to meet business objectives. The participants will look at specific risks that occur for women’s led or women’s businesses.

1:21:53 - Module 6: Ranking risks

In this session we rank and prioritise the most serious risks based on how likely it is that each risk will occur and its potential consequences for the business. After this session, you will be able to focus the business’s risk management efforts and resources on the most serious risks.