Change

Under the explicit understanding that this is not an exhaustive list, the major risk factors that may prevent full achievement of our strategic ambitions are listed in detail from the next page onwards. There may be current risks that the company has not fully assessed, or that are currently identified as not having a significant impact on the business, but which could at a later stage develop a material impact on our business. The company’s risk management systems endeavor to ensure the timely discovery of such incidents.

An overview of our major risk factors is provided below. The five risks that we currently assess as the most significant for the forthcoming five years are indicated.

Major risk factors assessed by AkzoNobel (top five risks indicated)

 

 

 

 

 

Internal

 

External

 

 

 

 

 

Strategic

 

Strategic

Implementation of strategic agenda

 

Adapting to economic conditions

Identification of major transforming technologies

 

International operations

 

 

 

Ensuring stakeholder support

Operational

 

Operational

Attraction and retention of talent

 

Sourcing of raw materials

Management of change

 

Energy pricing and emission trading rights

Production process risks

 

Product liability

 

 

 

Environmental liabilities

Financial

 

Financial

 

 

 

Cash flow

 

 

 

Contribution to pension funds

 

 

 

Decline of asset values

 

 

 

Fluctuations in exchange rates

Compliance

 

Compliance

 

 

 

Complying with laws and regulations

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