Risk and Crisis Management Overview
Why is this Important?
EGCO Group focuses its attention on risk and crisis management and develops a risk management plan to address any potential challenges within the industry, including policy rate, inflation, international conflicts, increasing fuel costs, supply chain disruptions, cyber security, and energy transitions. The effective risk management of the company could enhance stakeholders' confidence. EGCO Group’s corporate risk management strategy aims at a balance between the risks and stakeholders’ mutual benefits, thereby fostering sustainable value creation for the company in the long run.
Sustainability Material Topic: Risk and Crisis Management
Stakeholder Impact on Materiality Topics
Employees
Creditors
Investors
Community
Society
Customers
Media
Management Approach
Risk Governance
EGCO Group has designed a risk management system and internal control to be appropriately independent of each other.
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Risk Management Strategy
EGCO Group has reviewed the risk management policy and approaches to ensure the integration of all risks along with enterprise-wide risk management (ERM), as well as maintaining a balance between risk levels and remunerations.
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Risk Culture
EGCO Group realizes that cultivating a corporate risk culture is a crucial factor for the success of organizational risk management. The company encourages all employees to be aware of risks and understand that it is everyone’s responsibility.
Explore moreRelated Documents
Policies, Requirements and Performance
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Sustainability Manual
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Risk Management Policy
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Risk Oversight Committee
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Charter of Risk Oversight Committee
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Risk Management Committee Appointment Order
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Risk Management Philosophy
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Emerging Risk
Updated as of April 2024
The information reported above was prepared in accordance with the Global Reporting Initiative Standards (GRI Standards). It has been audited by an external party and has received limited assurance through the 2023 Annual Report.