Major risk factors

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 in this section. 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. The company’s risk management systems endeavor to ensure the timely discovery of such incidents. An overview of our major risk factors follows. The five risks that we currently assess as the most significant for the forthcoming five years are indicated.

Internal

 

External

 

 

 

 

 

Strategic

 

Strategic

Identification of major transforming technologies

 

Worsening of economic conditions

 

 

 

International operations

 

 

 

 

 

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

 

 

 

Retirement and healthcare benefits

 

 

 

Decline of asset values

 

 

 

Fluctuations in exchange rates

 

 

 

 

 

Compliance

 

Compliance

 

 

 

Complying with laws and regulations