ISO 19092:2008 Financial services -- Biometrics -- Security framework Quiz 03 24Mar25 - Practice Quiz

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Question 1 of 30

\"EcoSolutions Inc.\", a medium-sized manufacturing company, is implementing ISO 50004:2020 to improve its energy performance. During the initial energy review, several potential risks were identified, including fluctuations in energy prices, the obsolescence of existing equipment, and potential changes in environmental regulations. To ensure the long-term effectiveness of its EnMS, \"EcoSolutions Inc.\" needs to develop a comprehensive approach to risk management. Which of the following strategies would be MOST effective for \"EcoSolutions Inc.\" to integrate risk management into its EnMS, ensuring continuous improvement and adaptation to changing circumstances, according to ISO 50004:2020 guidelines?

Integrating risk identification, assessment, mitigation, and monitoring processes directly into the EnMS framework, ensuring regular reviews and updates to address evolving threats and opportunities related to energy performance, technological changes, and regulatory compliance.

Focusing solely on technological risks by investing in the latest energy-efficient equipment and ignoring other potential risks such as regulatory changes or market fluctuations, as technological advancements offer the most significant energy savings.

Developing a separate risk management plan that is not integrated with the EnMS, to avoid complicating the energy management processes and assigning risk management responsibilities to a dedicated team independent of the energy management team.

Conducting a one-time risk assessment during the initial implementation of the EnMS and then relying on the existing operational procedures to address any emerging risks, without establishing a continuous monitoring and review process.

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