The Board recognises that the appropriate management of risk is key to the delivery of the Group’s strategic objectives and the continued delivery of superior returns for all of our stakeholders.
we actively capitalise on the opportunities impacting our industry to ensure that the Group remains well positioned to deliver on the evolving needs of our customers. Our diversified business model means that we have low operational leverage with no single contract material to the Group. This enables us to take on a level of financial leverage in expanding the business. As a leading international transport company, however, the Group is exposed to an evolving landscape of risks, whether industry-wide or more specific to the Group, which could potentially impact performance or reputation negatively as well as positively
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Risk management framework
Defence |
Responsibility |
Actions |
Oversight | Board |
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Third line | Audit Committee/Group internal audit |
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Second line |
Group Executive Committee Group functions including Risk |
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First line |
Divisional Executive Committees Divisional management |
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Risk Appetite
The Board recognises that continuing to deliver superior returns for shareholders and other stakeholders is dependent upon accepting a level of risk. Our risk appetite sets out how we balance risk and opportunity in pursuit of our strategic objectives.
Zero Tolerance |
The Group has zero tolerance for risk which may impact:
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Core business / Operational Excellence |
Technology |
Strategic Growth / M&A |
The Group has low tolerance for risk in its core operations. |
The Group accepts a moderate level of risk in investing in and adopting technologies that will enhance customer service or improve operational and safety performance. |
The Group accepts a moderate level of risk in pursuing new opportunities, including potential new markets. |