Carbon-related issues can have a financial, legal and reputational affect on companies large and small, and every business that consumes energy as part of its operations will have some carbon risk. A significant consideration of any business strategy is determining what impact carbon has on your supply, operational and delivery chains. Investigating your carbon potential can highlight areas of risk as well as potential areas of opportunity. It starts with mapping out your processes from raw material to disposal.The following issue of the Forecast examines potential carbon risks and opportunities by providing an example of a high-level diagnostic on a small winery. It includes a carbon potential table and a framework for a risk-based management approach.