Orizon Sustainability and ESG Initiatives
ORIZON
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ABOUT US
NATURAL CAPITAL
GOVERNANCE
HUMAN CAPITAL
SOCIAL PLATFORM
PERFORMANCE
GRI SUMMARY
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MATRIX AND RISKS
In 2022, Orizon updated its risk matrix of internal controls relating to the
Environmental Management System (EMS), as it does every year. This is
done by mapping and updating the most important environmental risk
monitoring and management processes, as well as identifying and analyzing
the controls responsible for mitigating the risks. An important part of the
process is performed by the Internal Auditor, ensuring efficiency and efficacy.
TCFD Risk Management c.
Furthermore, the organization's risk matrix was updated in line with the
provisions of the Risk Management Policy, providing guidance for the
new PAINT under development in the years 2023/2024. The new matrix
identified 34 corporate risks, classified as inherent risks and residual risks,
and divided into six groups:
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FINANCIAL RISKS
These are related to the
management, ineffective
control of the Company's
financial resources and the
effects of external factors,
These consist of the
possibility of loss arising
from deterioration of the
credibility or reputation due
to poor performance, anti-
ethical practices, publication
of negative information, or
a lack of internal or external
communication.
IMAGE & REPUTATION RISKS
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COMPLIANCE/LEGAL RISKS
These are related to the Company's
returns due to the lack of a full legal
basis for its operations, and include
the risk of non-compliance with laws,
regulations, agreements, current practices
or applicable ethical standards, further
including the risk that the nature of the
product/service provided could expose
the Company to litigation.View entire presentation