The ability to identify, evaluate, manage and monitor risks plays a central role in steering and controlling Trelleborg’s business operations. The aim is to achieve the Group’s targets while applying well-considered risk-taking within set parameters.
Trelleborg’s operations are aimed at a broad range of customers, market segments and niches, with a wide geographic spread. Sales (invoicing) are conducted in just over 140 countries worldwide and the Group’s manufacturing operations are carried out at about 90 production units in some 40 countries. While the business is diversified – providing Trelleborg with an effective underlying risk spread – a number of risks remain.
Comprehensive risk monitoring
As one of the leading companies in the polymer industry, Trelleborg is subject to high expectations from all of its stakeholders. It is thus crucial that events and conduct that could have a negative impact on the company’s brand and credibility are monitored and minimized.
Actions or decisions that are beyond Trelleborg’s control, but could result in operational disruptions, damage or losses with a significant impact on the entire Group are also important to monitor and maintain preparedness for.
Trelleborg has an established process for Enterprise Risk Management (ERM process) that provides a framework for the Group’s risk activities. The purpose of the ERM process is to provide a Groupwide overview of Trelleborg’s risks by identifying them, evaluating them and providing a basis for decision-making regarding the management of risks, and to enable a follow-up of the risks and how they are managed. Responsibility and reporting channels in the ERM process are illustrated in the diagram below.