(Step 2 OECD Guidelines | UNGPs 17 and 18)
We highlight the Risk Management Policy and the Risk Management Methodology, which aim to align the Group’s objectives and strategy with the structured and consistent assessment of the specific risks of each Company and the transversal risks affecting the Group. They also enable the monitoring of emerging risks that may affect the Group and/or its Companies.
A description of the annual risk assessment process – an exercise involving around 70 managers representing the Companies and the countries in which the Group operates, whose main purpose is to ensure the identification, monitoring, classification and reporting of the risks to which Jerónimo Martins and its Companies are exposed (for example, economic, political, environmental and human rights-related risks), as well as the most relevant mitigation measures – can be found in detail in items 52 to 55 of Chapter 4, “Corporate Governance”.
Quarterly reviews are also carried out to monitor the most critical topics for the business, along with active monitoring of any emerging risks that may be relevant for the Group.
Following this assessment, internal audits are planned and conducted, and the strategic plans of each Company are prepared. The topics considered throughout the risk assessments take into account various aspects related to corruption risks, reputation, affected communities and human rights.