Identifying and managing risks to deliver our strategy

The effective identification and management of risk across the group is integral to the delivery of the group's strategic objectives.

A Holistic Approach to Managing Risk

Our approach to risk management focuses on the early identification of key risks and taking actionto reduce the likelihood of these having a detrimental impact on the business. During the year, we strengthened our processes and reporting capabilities so that risks continue to be identified and appropriately managed. As with all Johnson Matthey processes, we regularly assess our approach to ensure that it meets business needs and supports the effective management of risks while meeting the requirements of the UK Corporate Governance Code.

The effective management of risk enables Johnson Matthey to:

  • Deliver our strategic objectives.
  • Improve our decision making, planning and prioritisation.
  • Pursue opportunities while keeping risks at an acceptable level in a rapidly changing external environment.
  • Effectively deal with risks should they materialise.
  • Consider risk and reward and implement controls in the areas that matter most to us.
Our Risk Framework

Our Risk Framework

We operate a holistic risk management system that is applied throughout the business

Our Risk Framework
How We Manage Risk

How We Manage Risk

We recognise that risk management is an important part of our business and continually seek to improve our process

How We Manage Risk
Our Principal Risks and Uncertainties

Our Principal Risks and Uncertainties

In delivering our strategy, it is important that we understand and manage the risks and opportunities that we face

Our Principal Risks and Uncertainties