MENU GLOBAL SITES SECTION MENU OUR APPROACH TO RISK Home About Us Our Approach Our Approach to Risk ABOUT US Effective risk management is an essential element of the Group’s operations and strategy. The accurate and timely identification, assessment and management of risks are key to the operational and financial success of the Group. The Risk and Compliance Management Department: Provides guidelines, standards and best practice examples of risk and compliance management at the corporate and business unit levels Is responsible for risk and compliance management systems Maintains the Group’s risk register Organises and promotes risk and compliance workshops Supervises the operations Reviews the effectiveness of mitigating actions Supports internal stakeholders in key strategic decisions The Group's risk and compliance management framework can be divided into three tiers: Governance Communicating the Group’s vision, strategy and objectives throughout the organisation, and putting in place appropriate governance structures, policies and procedures to embed key aims and objectives. Risk management Ensuring that the Group’s vision, strategy and objectives are communicated throughout the organisation, and that appropriate governance structures, policies and procedures are in place to embed those key aims and objectives. Ensuring that there are appropriate structures and processes in place to identify and evaluate risks, and that appropriate controls and mitigation techniques are developed to address those risks. Ensuring that the key risks, and the performance in managing those risks, are reported on a timely basis to the relevant parties. Compliance Ensuring that the Group’s internal policies, procedures and control activities, as well as all relevant laws and regulations, are adhered to. SITEMAP ABOUT US Our Purpose Our Strategy Business Model Our Approach Corporate Governance Leadership Team Our History OUR BUSINESS Mining Division Transport Division Growth Projects Exploration The Role of Copper SUSTAINABILITY At a Glance Sustainability Policy Responsible Supply Our People Safety and Health Communities Climate change Environment Biodiversity Sustainability Report Library INVESTORS Reports & Presentations Annual Report 2020 Annual Report Library Shareholder Information Fixed Income Investors Financial Calendar News IR Contact MEDIA News Articles COVID-19 Photo Gallery Video Library Media Contact STAY INFORMED Receive our news alerts and latest news and events. Email Alerts Twitter LinkedIn YouTube Disclaimer Accessibility Legal notice Privacy Statement Cookies notice Tu Voz - Whistleblowing Modern Slavery Statement Cookie Settings 2021 Antofagasta plc. By emperor OUR APPROACH Values and Principles Our Approach to Risk Relationships CORPORATE GOVERNANCE Framework & Structure Board Composition Board Committees Risk Management and Compliance Stakeholder Engagement Tax Strategy LEADERSHIP TEAM Board Senior Management OUR BUSINESS Mining Division MINING DIVISION Los Pelambres Centinela Antucoya Zaldívar Mining Map Transport Division Growth Projects Exploration The Role of Copper Environment Biodiversity Sustainability Report Library ANNUAL REPORT 2020 Chairman's Statement CEO Statement KPIs SHAREHOLDER INFORMATION Share Information Shareholder Services Dividend Information AGM Information Advisors & Registrars Analyst Coverage FINANCIAL CALENDAR Preliminary Results Q1 2022 Production Report AGM Q2 2022 Production Report Half Year Results Q3 2022 Production Report Q4 2022 Production Report NEWS Email Alerts IR Contact MEDIA News Articles COVID-19 Photo Gallery Video Library Media Contact CAREERS Inclusive Culture Our use of cookies We use essential cookies to make our site work. We also set analytics cookies to help us improve it. We won't set other optional cookies unless you enable them. AcceptRejectSettings