The company Ongoing Risk Assessment Policy
- Introduction
The company recognizes the importance of identifying and assessing risks to ensure the responsible and ethical management of our operations and supply chains. This Ongoing Risk Assessment Policy outlines our commitment to continuously identify and assess risks related to the topics covered by this Declaration, taking into account specific operating contexts and potential challenges.
- Ongoing Risk Assessment
a. The company shall identify and assess risks on an ongoing basis in relation to the topics addressed in this Declaration. b. Risk assessments shall encompass our operations, supply chain for the goods covered by this Declaration, and our labor supply chain.
- Operating Contexts
a. Risk assessments shall consider the particular operating contexts in which we operate, including geographical, political, social, and economic factors. b. We shall analyze how these contexts might impact the identified risks and their potential consequences.
- Supply Chain Risk Assessment
a. In addition to our operations, we shall evaluate risks within our supply chain for the goods covered by this Declaration. b. This assessment will encompass risks related to suppliers, subcontractors, and any other entities involved in the supply chain.
- Labor Supply Chain Risk Assessment
a. Our risk assessment scope extends to our labor supply chain, where we shall identify and assess risks related to labor practices and worker well-being. b. This assessment will encompass potential risks in recruitment, employment, and working conditions.
- Mitigation and Management
a. Based on the outcomes of risk assessments, The company shall develop and implement strategies to mitigate and manage identified risks. b. We are committed to taking proactive measures to address risks and prevent adverse impacts.
- Reporting and Continuous Improvement
a. We shall regularly report on the outcomes of our ongoing risk assessments and the measures taken to address identified risks. b. The company is dedicated to continuously improving our risk assessment processes based on evolving circumstances and best practices.
By conducting ongoing risk assessments, The company aims to enhance our ability to anticipate and address challenges, fostering a culture of responsible business practices and ethical operations.