As a responsible business, we take a robust approach to managing risk and reporting transparently. We also embed principles of ethics, integrity and strong governance.
Every day, we face a diverse range of political, economic, social and environmental risks. We are committed to identifying and mitigating these risks, consistently and effectively wherever we do business. Our Risk Management Framework promotes a strong risk culture and empowers our local management teams across the globe. We have a rigorous and systematic approach to gathering risk information through our Rivo SafeGuard system.
Reporting what matters
In our annual sustainability reporting, we give an open account of both our successes and our challenges. We have engaged our stakeholders to understand, more strategically, where we need to invest our resources in order to broaden and deepen our impact on society and the environment. We have an ongoing commitment to fully understand the issues that matter to the business and our stakeholders. In 2017, we enhanced our approach by conducting an in-depth analysis of a broad range of stakeholders.
Ethics and compliance
Conducting our business within ethical standards is fundamental. We have been strengthening our ethics and compliance programme and added a new senior position in 2016: Global Head of Compliance. This will enable us to broaden the remit of our Compliance Committee to cover ethical conduct (becoming the Ethics and Compliance Committee).
As well as scrutinising our safety performance (with a focus on road safety), our Health, Safety, Environment and Community Committee is now adopting a more balanced emphasis on health, communities and environment. The Committee is also taking a more strategic position on material issues, following our assessment in 2017.