BillerudKorsnäs recognize that in all its operations and activities there are uncertainties that could have positive and/or negative efffects on the company's objectives, brand and performance.
Through an efficient risk management process, BillerudKorsnäs strives to maximise the potential opportunities to achieve the company's strategy and objectives, and to minimize the associated risks.
On an overall level, risk management is governed by the Board of Directors. It then follows the normal delegation scheme, from the Board of Directors to the CEO and from the CEO to the organisation. In practise this means that most operational risk is managed by Wood Supply, Operations, Commercial and Group functions on a local level, but are coordinated when deemed beneficial to to do so.
Major risks are reported to the Executive Leadership Team and Audit Committee twice a year and to the Board of Directors annually, as well as being monitored in Wood Supply, Operations, Commercial and Group function's regular reporting.
For more information about risks and risk management, see pages 63-69 in the 2020 Annual and Sustainability Report.