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Managing Risk to Deliver Strategic Objectives

Approach to risk management

Risk management is the responsibility of the Board and is a key factor in the delivery of the Group’s strategic objectives. The Board establishes the culture of effective risk management and is responsible for maintaining appropriate systems and controls. The Board sets the risk appetite and determines the policies and procedures that are put in place to mitigate exposure to risks.

Our Process

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Framework

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Viability Statement

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Principal risks and uncertainties

The Directors have undertaken a robust, systematic assessment of the Group’s principal risks. These have been considered within the timeframe of 3 years, which aligns with our Viability Statement.

Strategic Objectives

Shareholder value

Sustainable profitability

Relationship building

Organic expansion

Brand development

Effective capital structure and control framework

Macro-Economic & Political

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Weather

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Cyber Security Risks

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Our Customers

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Competitor Activity

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Threat From New Technologies & New Business Models

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Cost & Availability of Raw Materials

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Environmental

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Corporate, Legal & Regulatory

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