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Risk management

Risk management is crucial in terms of the proper functioning of the organization and protecting it against negative events, both internal and external.

Our priorities in this area

Formalisation of a comprehensive risk management system.

Development of a new risk matrix, responsibilities, procedures, conduct and supervision methods.

Our approach to implementing formal risk management solutions will cover “non-financial risks”, i.e. related to all aspects of sustainable development. Climate-related risks will also be analysed (more).

We constantly monitor risks, e.g. in the following areas:

A risk related to the product defects

A new product development risk

A marketing communication risk

A risk related to the increasing customer demands

A risk related to the European Union regulations concerning e.g. the composition of paints

A risk related to potential ethical infringements in a supply chain