PREPAREDNESS AND FUTURE SCENARIOS FOR YOUR BUSINESS

In Greenland, we are accustomed to handling unusual situations, such as weather-related transport delays, climate change, power outages, communication breakdowns, and more. We generally encourage our companies to work with preparedness and scenario planning, including focusing on the commercial risks they may face as businesses

As employers, we have an obligation toward our employees and their families. It may therefore be relevant to ensure business continuity, salary payments, communication, etc., in situations where daily life does not function as usual. In cooperation with our partner, DI, a series of online tools is made available free of charge to our members, enabling them to assess risks and evaluate their level of preparedness. GBA members can access the “toolbox” via this link:

Beredskabsplan - DI

Risiko- og sårbarhedsanalyse - DI

In general, some observations and actions that a responsible business leader may consider include:

• • Communication and dialogue with employees
• • Identification of critical key functions necessary to ensure continued operations
• • Identification of primary systems and key data, including insight into where data is stored (in Greenland, USA, Europe, etc.), and possibly a plan for data duplication
• • A plan for access to liquidity and capital
• • Cooperation agreements or investments in emergency resources, such as generators
• • Storage of a physical copy of the company’s registration from the CVR

In addition to solid planning, we encourage dialogue with your own suppliers, for example IT service providers, banking partners, etc.

In a situation where the United States changes its presence in Greenland, the above considerations may also be relevant. There may be both short-term and long-term consequences if Greenland’s status changes. We continue to encourage calm, while also urging businesses to continuously consider their scenarios and opportunities.

Over the course of the year, GE expects to place increased focus on preparedness and to assist our members in working with preparedness planning.