GRANGEX continuously works to assess and evaluate the risks that the group faces and may potentially be exposed to.
This is done through a risk management process that includes:
- Risk Identification
- Risk Analysis
- Risk Evaluation
- Risk Management
- Control and Monitoring
The CEO and the Board of Directors are responsible for establishing and implementing daily risk management procedures and ensuring that risks are taken into account in the group’s strategic planning.
The Board has decided on overarching principles and frameworks for risk management through an adopted Risk Policy and Financial Policy.
The CEO coordinates risk management activities and risk reporting. GRANGEX categorizes risks into two main categories: financial and operational risks. The group’s operations are exposed to various financial and operational risks. Regarding financial risks, the group’s overall risk management focuses on managing uncertainty in the financial markets and aims to minimize potential adverse effects on the group’s financial performance.
The main risks that GRANGEX faces or may be exposed to, and how the company has chosen to address them, are described below.
The most important aspect of internal control and risk management is exercised by the Board of Directors.
A detailed description of the financial risks and GRANGEX’s management of them can be found in our Annual Report