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Achieving Sustainable Business Continuity heavily depends on effectively managing business crises
from three critical aspects: People, Surroundings, and Weather. These elements play a pivotal role in ensuring a resilient business strategy that can withstand disruptions and create long-term value for stakeholders.
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People: Prioritizing the well-being, safety, and adaptability of employees, customers, and other stakeholders is essential. Anticipation of circumstances that will cause people to add more risks during crisis, are often over looked by companies. A resilient business considers diversity of people’s psychology during crisis and competencies in crisis management as part of its preparedness strategy.
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Surroundings: Understanding and mitigating risks related to the business operation location of environment, ecosystems, local communities, cultural heritage and supply chains are crucial. Sustainable practices that minimize harm to current communities’ livelihood, to natural resources, reduce pollution and attaining positive support from communities contribute to business continuity.
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Weather: Climate change, extreme weather events, and other environmental factors impact business operations. Resilient strategies incorporate weather-related risks and adaptability measures to ensure stability.
The people, their surroundings, and weather aspects play crucial roles in shaping a realistic ESG (Environmental, Social, and Governance) compliance plan to ensure a holistic approach that aligns with sustainability goals as per location of operation.