Effective risk management is key to ensuring the long-term viability of the Group. It is embedded within all of our operating companies. Everyone at Swire Pacific has a role to play in risk management. It is essential that we all work together to address the risks to which our Group is exposed.
Sustainability issues linked to risk management include climate change, political and regulatory risks and emerging topics such as climate resilience and biodiversity.
The Board and the management of each division are responsible for identifying and analysing the risks to us achieving our business objectives. They assess how to manage and mitigate such threats, including those relating to sustainability.
Two key management committees monitor the risks affecting the Group, the Group Risk Management Committee (GRMC) and the Finance Committee. These committees comprise members of senior management and are both chaired by the Finance Director, who reports significant matters to the Board as they arise.