Identify -
Enterprise-wide processes capture internal and external risks through cross-functional inputs.
Enterprise Risk Management Framework
Our ERM framework enables a structured enterprise-wide approach to identifying, assessing, and mitigating risks. It supports informed decision-making, strengthens resilience, and aligns risk management with strategic priorities.
Risk Management Approach
Define -
Risk appetite guides balanced and consistent decision-making.
Assess -
Tools such as risk registers, scenario analysis, and key indicators help prioritise risks.
Mitigate -
Targeted controls, including quality systems, pharmacovigilance, compliance, and continuity planning, manage key risks.
Monitor -
Ongoing review and reporting enable timely action and continuous improvement.
How We Manage Risk
Operational Risks
Capacity Planning and Optimisation Risk
Inadequate capacity alignment with evolving demand patterns may constrain responsiveness and impact margins.
Capitals Impacted
Stakeholder Impacted
Strategic Priorities
S2 - Excel | S3 - Expand
Risk Owner
Operations / Supply Chain
Oversight
Risk Management Committee; Board
Mitigating Measures
- Strengthening demand forecasting through data-led planning tools
- Enhancing capacity flexibility across manufacturing sites
- Monitoring input cost exposures and deploying structured hedging mechanisms
Environment, Health and Safety (EHS)
Stringent and evolving EHS regulations across geographies may impact operational continuity and compliance.
Capitals Impacted
Stakeholder Impacted
Strategic Priorities
S2 - Excel
Risk Owner
Operations / EHS
Oversight
Risk Management Committee; Board
Mitigating Measures
- Advancing sustainable operations and resource efficiency initiatives
- Reinforcing safety culture through continuous training and awareness programmes
- Strengthening process safety systems for high-risk operations
Operating Risk
Inefficiencies in managing vendor and customer relationships may affect revenue stability and operational efficiency.
Capitals Impacted
Stakeholder Impacted
Strategic Priorities
S2 - Excel
Risk Owner
Supply Chain / Commercial
Oversight
Risk Management Committee
Mitigating Measures
- Diversifying supplier base to reduce single-source dependency
- Strengthening long-term partnerships across the value chain
- Leveraging digital tools for better coordination and visibility
Financial Risk
Foreign Exchange Rate Risk
Exposure to multiple currencies across revenues, costs, and investments may lead to earnings volatility.
Capitals Impacted
Stakeholder Impacted
Strategic Priorities
S2 - Excel
Risk Owner
Finance / Treasury
Oversight
Audit Committee
Mitigating Measures
- Implementing a disciplined and structured hedging framework
- Continuously monitoring currency movements and exposures
- Aligning treasury strategies with evolving market conditions
Compliance Risk
Regulatory Risk
Non-compliance with evolving regulatory requirements may disrupt operations and delay product approvals.
Capitals Impacted
Stakeholder Impacted
Strategic Priorities
S2 - Excel
Risk Owner
Quality / Regulatory Affairs
Oversight
Audit Committee; Board
Mitigating Measures
- Maintaining robust compliance and quality management systems
- Engaging proactively with regulatory authorities
- Ensuring continuous monitoring of evolving regulatory requirements
Strategic Risks
Industry Risks
Macroeconomic shifts or industry downturns may adversely affect demand and growth momentum.
Capitals Impacted
Stakeholder Impacted
Strategic Priorities
S2 - Excel | S3 - Expand
Risk Owner
Strategy / Leadership Team
Oversight
Board
Mitigating Measures
- Expanding presence across key and emerging markets
- Diversifying portfolio to enhance business resilience
- Embedding business continuity planning across operations
Innovation Risk
Limited differentiation in products or processes may constrain long-term growth and competitiveness.
Capitals Impacted
Stakeholder Impacted
Strategic Priorities
S1 - Innovate
Risk Owner
R&D
Oversight
Risk Management Committee; Board
Mitigating Measures
- Increasing investments in R&D and product development
- Accelerating commercialisation of niche and value-added products
- Leveraging advanced capabilities to drive process innovation
Competition Risk
Intensifying competition in domestic and global markets may impact market share and pricing power.
Capitals Impacted
Stakeholder Impacted
Strategic Priorities
S1 - Innovate | S2 - Excel
Risk Owner
Commercial / Strategy
Oversight
Leadership Team
Mitigating Measures
- Driving cost optimisation across operations
- Enhancing product differentiation and value proposition
- Strengthening customer engagement through quality and service excellence