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Chapter 2. Identification of Risks and Impacts

Provided by the International Finance Corporation


Identifying your risks can seem like a daunting task, but don’t be overwhelmed.  Scale your program as appropriate for the size and complexity of your company.  But remember, small companies can have the same risks and potentially severe environmental and social impacts as large companies. 

Think of your risk identification and assessment as a value-added activity, an opportunity to gather information that will help to effectively improve your operations.  A risk identification and assessment is an ongoing process; situations change over time, so it should be repeated at regular intervals. 

When identifying your risks, be mindful of the different risks that may be faced by women and men. Also, consider the risks to people outside your company – your external stakeholders. 

We present four tools related to this element: 

 

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The material in this work is copyrighted. Copying and/or transmitting portions or all of this work without permission may be a violation of applicable law.  IFC does not guarantee the accuracy, reliability or completeness of the content included in this work, or for the conclusions or judgments described herein, and accepts no responsibility or  liability for any omissions or errors (including, without limitation, typographical errors and technical errors) in the content whatsoever or for reliance thereon.

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