WorkDry_ESG Report_FinalDigital_Aug 2025 - Flipbook - Page 53
INTERNATIONAL
EFFECTIVE RISK MANAGEMENT
We recognise that assessing and mitigating risks is essential for protecting
KEY RISK AREAS AND MITIGATION STRATEGIES
the needs of the business, as well as those of our employees, customers, and
We apply a structured approach to managing risks across various aspects of
the wider environment. By embedding a proactive risk management culture
our business:
across our organisation, we ensure resilience and long-term stability.
1. OPERATIONAL RISKS:
We work with expert providers like KPMG and ERM to identify risks and
Ensuring the reliability and efficiency of our water and wastewater solutions
opportunities material to the business, and then feed these into our risk
through preventive maintenance, safety protocols, and staff training.
management processes.
2. ENVIRONMENTAL RISKS:
Reducing our carbon footprint, improving water conservation, and adhering
Central to our risk management approach is our comprehensive Risk Register,
to environmental regulations to prevent potential compliance issues.
which was updated in 2024 to reflect emerging threats and opportunities. This
3. FINANCIAL RISKS:
dynamic tool allows us to:
Maintaining financial stability through strong governance, diversified revenue
•
Identify potential risks across operational, financial, environmental, and
streams, and effective cost management.
reputational areas
4. CYBERSECURITY RISKS:
•
Assess risk severity by evaluating potential impacts and likelihood
Protecting sensitive data and business operations through robust IT security
•
Implement mitigation strategies to minimise or eliminate risks
measures and regular system updates.
•
Monitor and review risks regularly to adapt to evolving challenges and
5. REGULATORY COMPLIANCE RISKS:
industry changes
Keeping pace with evolving legal and industry requirements to ensure full
compliance across all aspects of our business.
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