Risk management
The Sandvik Group applies a comprehensive program for risk management- Enterprise Risk Management (ERM).
The program covers all parts of operations, business areas as well as Group functions.
Since ERM is an integrated part of the control of Sandvik's operations, the process also assists the company in taking action when dramatic changes occur in the external environment and market conditions.
The main components of risk management are identification, measurement, management, reporting, monitoring and control. An action plan is established for each risk to accept, reduce, eliminate or increase the risk. Formal procedures and processes are established for the reporting, monitoring and control of risks.
Please read what the purpose of risk management work is.
You can find more information about risk management in our annual report.
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