Business Function
Need for Involvement / Role
Sustainability
Intensity of the data review and collection process
Provide insight into risk management at the company and site level.
Use results for decision-making and risk management decisions (e.g., where investments to adaptation measures may need to be made).
Support in the method development of the quantification model.
Finance
Integrate results into financial planning.
Disclose quantification results in financial statements.
Provide financial data for the quantification.
Operations
Provide data on operations and insights into how the company functions at the operational site level.
For example, if the company is quantifying the risk of flooding, the business function may need to:
Be involved throughout the quantification process to coordinate data gathering and results integration across business functions as well as overseeing final disclosure outcomes.
Provide guidance on business risk materiality thresholds and advise on the integration of flooding risk into the business risk management framework.
Coordinate quantification project across business functions.
Disseminate findings throughout the business.
Ensure sustainability disclosure needs are met.
Provide data on financial metrics (e.g., revenue, operational costs per site, etc.). Support integration of results into financial planning as well as financial statements.
Provide insights on previous flooding impacts at sites, how floodwaters would impact operations and what adaptation measures may be present at the site. These insights are incorporated into the method and assumptions of the model.
Supply Chain
Provide data on supply chain inputs to operational sites and outputs supplied to market.
Provide insights into how the company functions across its value chain.
Provide insights on previous flooding impacts and how flooding along supply routes could impact supply of materials or deliveries of company products. These insights are incorporated into the method and assumptions of the model.