Risks and uncertainties
A holistic approach to managing risk
Our approach to risk management focuses on identifying key risks early and action to reduce the likelihood of these having a detrimental effect on the business. During the year we:
Continued to strengthen our processes, monitoring and reporting capabilities so that risks continue to be appropriately identified and managed. As with all Johnson Matthey processes, we regularly review our approach to ensure that it continues to meet 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:
- 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.
All this helps us to deliver our strategic objectives.