Environmental Management for Sustainable Development

Running head: Environmental Management for Sustainable Development
Environmental Management for Sustainable Development
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Environmental Management for Sustainable Development1
Table of Contents
Introduction................................................................................................................................3
Description of threats to business from climate change and policy...........................................3
Summaries of four types of innovation......................................................................................6
Description of disruptive innovations to address threats to business.........................................9
Conclusion................................................................................................................................12
Reference list............................................................................................................................13

Environmental Management for Sustainable Development2
Introduction
The government of UK recently took some of the strategies in order to make a stable
relationship between government and private industries. Most of the companies nowadays are
not being able to capitalise their business policies due to lack of communication of the private
sectors with the government. In the modern world of business, one of the biggest challenges
that are being faced by the companies is threat to the business from the climate changes and
also threat from policy changes that is in short termed as administrative threat. However, it is
important for the companies like Abbott Risk Consulting Ltd to bring innovation that will be
able to counter the threat of policymaking as well as climatic changes. The study is
significant in the sense that from the perspective of Abbott Risk Consulting Ltd how they are
taking their management policies for the industries Nuclear, Oil and Gas, Defence, Mining
and Rail sectors.
Description of threats to business from climate change and policy
Recently, in UK the climate changes is one of the inevitable reason that most of the
business organisation is basically considering within the policymaking decisions. Climate
change risk assessment that has been taken by the government is basically showing the
amount of flooding activities that are mostly damaging the business activities within UK.
Most of the business analysts have forecasted that the damage for the business organisations
due to flooding could increase between £2bn and £12bn by the 2080s (Clark, 2019). This is
one of the important aspect that most of the business organisations in considering the
environmental changes. According to the current government estimate, about 330,000
properties are currently at risk of flooding and it has been expected that increasing rate of
environmental activities will definitely increase the damage of the property to about 6,
30,000-1.2 million by 2080 (Clark, 2019). The UK is mainly prone to the threat of water

Environmental Management for Sustainable Development3
supply and water deficit and about 27-59 million of people will be living in the areas of water
deficit.
However, the climatic changes within UK, is forcing the economy to increase the
price and risk of water shortages. UK market is expected to grow at 5% per year and is
having high scope of growth (Clark, 2019). Most of the business organisations are planning
to adopt flood prediction models and forecasting of infrastructure process and adoption of
safety measure is gradually becoming an industry. The valuation of adaption sector is
currently about £66 billion. The company is dealing in many sectors including oil and
mineral industry, nuclear industry and rail industry. Now since the risk of flood and water
shortage is increasing, thus the company will be having more risk in management of
resources. From the perspective of Abbott Risk Consulting Ltd, the threat of the company is
more compared to other business organisation.
Among the threats that are mainly associated with the changes in climate is the
logistics and supply chain management, provision of better quality of resources and also the
shipping of the goods. This is important question for Abbott Risk Consulting Ltd (ARC) to
maintain the supply chain for the products that are related with mining industry
(Consultarc.com, 2019). It is important for ARC to identify Hazard identification (HAZID)
and various risks that includes fire, noise and even evacuation risk analysis. Provision of
better quality of resources will be depending heavily on the improvement of risk
identification tools and techniques that are being used in mining industry. It is the
responsibility of ARC to identify the gaps that are being present in the risk mitigation
technologies that are being used (Consultarc.com, 2019). Proper level of hazard identification
will be helpful for ARC to incorporate changes in the design of engineering tools and
techniques that will be related with the mining industry.