Integrated Annual Report of LOTOS Capital Group 2016

Risk management

[G4-2] [G4-14]
  • Risk is inherent in our activities. It requires us to take particular responsibility for the environment and for the health and safety of our employees. 
  • In 2016, we carried out an internal review to evaluate the operation of our Enterprise Risk Management system.
  • The primary sources of uncertainty affecting the achievement of our business objectives are strategic, financial, reputational and compliance risks. 
  • We operate a mature risk management system and have built a strong risk awareness culture.
  • During 2016 we continued to deploy the RBI methodology, which allows us to comprehensively manage the risks of operating plant and equipment in the Gdańsk Refinery and extend maintenance intervals.
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