Evaluation of Corporate Risks

(103-3) (102-15) Risk evaluation contributes to the achievement of the strategic objectives of Grupo Empresarial GreenLand and includes identification, analysis, treatment, monitoring, and communication of the various risks to which the companies in the group might be exposed. Those risks are related to strategy, processes, projects, and the protection of physical and human resources, as well as those related to sustainability and business continuity.

The identification and management of risks is a disciplined and ongoing process in the company because it allows us to evaluate any direct or indirect impact on our strategic objectives and business continuity.

For this reason, the company leaders are constantly searching and identifying any risks that might require the implementation of preventive and/or corrective measures for planning and execution of the operation plans.

At the Organization, we manage risks comprehensively, through the following stages:

Context of the risks:

Context of the risks:

This is the first stage in which the situations that are identified reflect the reality of Grupo Empresarial GreenLand. By putting these risks and opportunities into context it is easier to implement the activities that follow.

Risk identification:

Risk identification:

This is the stage in which the organization lists, understand and define its risks.

Risk analysis:

Risk analysis:

After the risks have been identified it is necessary to associate them with information about frequency, i.e., how often the risk occurs, the severity, and the consequences that it might have on the organization in economic, human, reputational, and environmental terms and the probability of occurrence.

Risk treatment:

Risk treatment:

It is part of the risk analysis and evaluation stage and is where those responsible, actions and strategies are defined to avoid, mitigate, transfer or accept the identified risks.

Monitoring and evaluation:

Monitoring and evaluation:

Recording and updating the risks and their rating, and provide regular reports about the risk management actions performed by each area in the Company.

Communication:

Communication:

Defining the mechanisms and ensuring that the information from this process flows appropriately within the organization company and is managed by the upper levels (presidency and Board of Directors). The information available must be clear, timely, up-to-date, accurate, and verifiable.

SUSTAINABILITY CHALLENGES AND GOALS FOR 2021

SUSTAINABILITY CHALLENGES AND GOALS FOR 2021

Corporate Governance

  • Create awareness of our sustainability by participating in regional and national media with local and national authorities and trade associations.
  • Promote a culture of sustainability by internalizing practices until they become habits.
  • Create awareness and make our actions visible by sharing the Corporate Governance Code with our stakeholders.

Relations With Stakeholders

  • Permanent communication with our stakeholders to align ourselves with the concept of sustainability, analyzing shared priorities, and promoting the implementation of joint actions.