Insights & Impacts

The environmental cost of natural disasters is now an almost daily feature on the news agenda, yet many businesses are still doing little to address their own vulnerability.

Find out how Boral Australia, one of the world’s largest producers of construction materials, used preparation to weather Cyclone Debbie.

Within the expected design life of the solar farm, there is a 20 per cent chance of it being hit by a cyclone that would cause significant damage to the solar panels. Standardised cyclone testing and national standards for all types of panels and installation configurations needs to be implemented.

While everyone will undoubtedly welcome forthcoming clarity around how to treat cladding, it appears likely that a gap will remain between knowing what is right and getting it done.

The inherent randomness of equipment failures raises the relevance of implementing more frequent monitoring throughout the lifespan of a piece of machinery to avoid unplanned shutdowns.

It’s impossible to mitigate all of the risks in your supply chain but there are lots of ways to minimise your exposure.

Companies with no response plan — or an ineffective one — suffered an average loss of more than $2 million. Companies with effective response plans in place suffered 70 percent lower losses.

There are three key aspects to managing cyber risk – physical security, industrial control systems and information security. Boards and leadership teams looking to ensure their businesses are protected effectively must implement products, processes and educational initiatives taking each of these areas into account.

While acquisition strategies are an essential part of fuelling future growth, the risk implications are often extensive. The acquiring business must address these throughout the transaction and subsequent integration process.