Frasle Mobility's New Positioning and Randoncorp Investments
Risk classification and handling
With the purpose of more efficiently identifying, assessing and classifying each
risk inherent to our operations, we maintain a corporate risk map that is updated
biannually. In 2022, we identified 44 corporate risks, which were classified and
prioritized for treatment according to the level of impact and probability in four
categories in accordance with our Risk Management Policy: strategic, financial,
operational or regulatory.
For each risk identified and assessed in the corporate risk map, we define a
risk treatment and response strategy, through a control activity or action plan,
executed by the risk owners and monitored by the Risk Management and
Compliance area.
Risk treatment should comply with the following guidelines:
Processo de Gestão Integrada de Riscos
IDENTIFICATION
Every year, we survey the risks of our processes,
to ensure that the risk map is updated. In 2022,
we identified 44 corporate risks.
ASSESSMENT AND CLASSIFICATION
Identified risks are classified and prioritized for handling
according to the level of criticality (impact versus
likelihood) into four categories in accordance with our Risk
Management Policy described below.
HANDLING
For each identified and assessed risk, a response strategy
is defined, described in action plans coordinated by the Risk
Management and Compliance department.
The strategy must prioritize one of the four guidelines set out below
from our Risk Management Policy:
Strategic Risk
Associated to the strategic decisions of the
organization to achieve its business objectives and/
or derived from its lack of capacity or ability of the
company to protect itself or adapt to changes in the
business environment.
Operational Risk
Associated to the possibility of facing losses (in
production, assets, clients, revenues) resulting
from flaws, deficiencies or inadequacy of internal
processes, staff and systems, as well as external
events such as natural disasters, frauds, labor strikes
and terrorist acts.
Financial Risk
Associated to market, credit and liquidity risks:
>> Market and Government Risks: financial losses
due to the alteration of interest and exchange
rates, in share prices, in commodity prices, and in
the legislation in force.
>> Credit Risks: possibilidade de perdas pelo
não pagamento de crédito concedido por
financiamento e emissões de títulos.
>> Liquidity Risks: loss of capital, of the financial
value of assets.
Regulatory Risk
Associated to legal or regulatory sanctions, financial
or reputational loss the company might suffer as a
result of a failure to fulfill the enforcement of laws,
agreements, regulations, code of conduct and/or of
internal policies.
Avoid
Discontinuing activities that generate risk.
Accept
The impact/probability of the event and of continue
operating with the control.
Mitigate
Creating controls or initiatives that minimize the
potential exposure to risk.
Transfer
Reduce the likelihood or impact of transferring or sharing
with third parties.
ETHICAL AND RESPONSIBLE MANAGEMENT
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