Page 26 - Tata_Chemicals_yearly-reports-2019-20

Risk Management

Risks are inherent to business. At Tata Chemicals, Enterprise Risk Management allow us to address business
uncertainties as we strive for long term, sustainable growth. We are committed to effectively identifying and managing
Enterprise Risks in our pursuit of our strategic business objectives aimed at enhancing stakeholder’s value.
Sourav Ghosh
Controller - Risk

The risk-related information outlined in Risk mapping
this section is not exhaustive and is for
information purpose only. This section
lists forward-looking statements that may
involve risks and uncertainties. Our actual 1 4
results including business’ operational
performance could differ materially on
account of risks and uncertainties not
currently envisaged or by risks that we
currently believe are not material. Readers
are also advised to exercise their own 9 2
judgement in assessing the risks associated Impact 8
with the Company. 6 5 10

3
7

Low Probability High

Sr. Change in rating from FY 2018-19
No. Key risk Probability Impact
1 Sustainability and Climate Change No Change No Change
2 Digitalisation No Change No Change
3 Succession planning No Change No Change
4 Failure/Delay in achieving business transformation objective New risk
5 Cyber Attack No Change No Change
6 Loss of market leadership and failure to scale up volumes No Change No Change
7 Financial risk No Change No Change
8 Regulatory changes
9 Government policy change No Change
10 Safety hazards No Change No Change

24 I INTEGRATED ANNUAL REPORT 2019-20