Securing long-term business viability
Effective risk management is key to ensuring the continued long-term viability of the Group. It is embedded throughout all of our operating companies. Everyone in the Swire Pacific group has a role to play in risk management. It is essential that we all work together to address the variety of risks our Group is exposed to.
Sustainability issues, including climate change, political and regulatory risks and emerging risks such as climate resilience and biodiversity, are particularly relevant in this respect. The Board of Directors and the management of each division are responsible for identifying and analysing the risks (including those relating to climate change and sustainability) underlying the achievement of business objectives and for determining how such risks should be managed and mitigated.
There are two key management committees which seek to monitor the risks to which the Group is subject – the Group Risk Management Committee (“GRMC”) and the Finance Committee. These comprise members of senior management and both are chaired by the Finance Director, who reports significant matters to the Board as they arise.