UB Power Inc., a Company registered in United Kingdom, through its Indian Subsidiary, is proposing to set up a Thermal based Power Plant at Angul, in state of Odisha. The local people are protesting the proposed plant wh

Preparation of Risk Analysis matrix includes the following aspects: Nature of Business It covers the nature of industry, amount of air/water/noise pollution in the process, period of its existence, background of promoters, number of subsidiaries, stakeholders involved, turnover, profit from operations, contribution to CSR activities, business acquisition history etc. Area of Operations It covers location of site operations, Degree of diversification of products, location of sites of subsidiaries etc. Identification of potential issues It covers aspects of interaction with internal stakeholders such as employees, contractual labourers and with external stakeholders such as local community, shareholders, regulators, NGOs etc. A questionnaire may be evolved for each stakeholder for identifying the potential hidden issues. Potential issues may be Regulatory non-compliance. Health hazard due to the operations to local community. Location of industry near agricultural land. Amount of noise. Impact of effluents on the rivers etc. Lack of disaster planning. Inadequate safety systems. Lack of sustainability initiatives. Lack of occupational or safety measures. Improper water disposal systems. Impact analysis It covers cost of regulatory non-compliance, low level of employee morale, degree of reputation risk, agitation of local community, degree of threat to long term sustainability, impact of potential issues on the financial health of the company. Suggestions and mitigation measures It covers compliance management system, proper disposal of wastes including e-waste, strong safety management systems, updated technology for manufacturing process, conservation in usage of water, energy, educating and training employees of environmental issues, frequent interaction with local community, sustainability initiatives and its reporting in the Annual Report. Model Risk Analysis Matrix for UB Power Inc. Nature of Business: Thermal Power Plant Location: Odisha Potential Issue and Effect Consequence Potential issue Very likely Likely Possible Unlikely Highly unlikely Regulatory non-compliance Health hazard due to the operations to local community Location of industry near agricultural land Amount of noise Impact of effluents on the rivers etc. Lack of disaster planning Inadequate safety systems. Lack of sustainability initiatives Lack of occupational or safety measures Improper water disposal systems Impact Analysis : Suggestion and Mitigation measure :