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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 objectives 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 the timely discovery of such incidents.

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

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cause

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Objectives

 

Internal

 

External

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk

 

 

 

Risk

 

 

 

 

 

Implementation of strategic agenda

 

 

 

Adaptation to economic conditions

Top five risk

 

Strategic

 

 

Identification of major transforming technologies

 

 

 

Operations in international environment

Top five risk

 

 

 

 

Integration of acquisitions

 

 

 

Assuring stakeholder support

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk

 

 

 

Risk

 

 

 

 

 

Attraction and retention of talent

 

 

 

Differentiation in energy pricing

Top five risk

 

Operational

 

 

Management of change

 

 

 

Sourcing of raw materials

 

 

 

 

 

Production process risks

 

 

 

Environmental liabilities

 

 

 

 

 

 

 

 

 

 

Product liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk

 

 

 

 

 

 

 

 

 

 

Contribution to pension funds

Top five risk

 

Financial

 

 

 

 

 

 

 

Access to funding

Top five risk

 

 

 

 

 

 

 

 

 

Decline of asset values

 

 

 

 

 

 

 

 

 

 

Fluctuations in exchange rates

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Compliance
 

 

 

 

 

 

 

 

Risk

 

 

 

 

 

 

 

 

 

Complying with laws and regulations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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