Search Share Region Contact Home / Company / Corporate Governance / Risk Management Risk Management Clariant recognises that profits, sustainable growth and competitiveness are generated by successful risk taking and that risk should be managed and controlled appropriately. Risk Management is not designed to stop people from taking risks but rather to help them to optimise the level of risk taken and encourage entrepreneurial behaviour. Risk is inherent in all our activities and it is essential that best practice for Risk Management is embedded in our core business processes. Risk is inherent in all our activities. To achieve Clariant’s strategic goals, risks need to be taken successfully and managed and controlled appropriately. For particular sustainability risks, Clariant ensures that risk assessments are performed according to the Enterprise Risk Management framework. Risk Management Framework RISK MANAGEMENT FRAMEWORK Clariant has defined Risk Clusters which basically follow the organizational structure. The Risk Management process (identification, assessment, management, monitoring and reporting) is adapted individually to the different Risk Clusters • Corporate • Business Units - Short Term risks • Business Units - Long Term risks • Service Units • Regions • Large Projects Workshops are held across the organisation and risks (both internal and external) that could potentially impact Clariant’s ability to meet its business objectives are identified and assessed. Appropriate treatment is taken. Material risks and respective proposed treatment including mitigation measures are reported to the next level and onward to the Executive Committee and Board of Directors. Risk Inventory Emerging Risks OUR PROMISE We create added value by appreciating the needs of our customers – with competitive and innovative solutions. The needs of our employees – by adhering to our company values. The needs of our shareholders – with above-average returns. And the needs of our environment – by acting sustainably. LOGIN TERMS OF USE IMPRINT CALIFORNIA SUPPLY CHAINS ACT DATA PROTECTION & PRIVACY Copyright © Clariant 2021. All rights reserved. By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Accept All Cookies Cookies Settings