Why is this Important?

Operational risks can have an impact on other sustainability factors as well as a company’s growth and stakeholders along the supply chain.Risk management is therefore crucial in minimizing and mitigating damage. Any organization without an effective risk management can be severely impacted by emergencies, which could impact its adaptability and resilience.

Management Approach

Risk Governance

[GRI 102-30]

EGCO Group designed risk management and internal audit to be appropriately independent of one another.

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Risk Management Strategy

[GRI 102-11]

EGCO Group revised its risk management policy and guidelines to cover more risk factors along with Enterprise-Wide Risk Management while still maintaining the balance between risk and return.

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Risk Culture

EGCO Group realizes that risk culture is one of the key factors to successful risk management, and therefore raises awareness that risk management is everyone’s responsibility and duty.

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Policies, Requirements and Performance