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Integrated Report Statutory Reports Financial Statements
Integrated Annual Report 2020-21 Risk Management 60-146 147-300

Financial Risks Reputational Risks

Mitigation
Mitigation Safety risk mitigation plans are regularly reviewed by the Risk Management Committee of
Managing Debt the Board
6. Debt & Unfunded Maintenance of up to date medium-term financial forecasts, to ensure early
Pension Risk 8. safety Risk Achieve Zero Harm by following world-class standards of SHE management systems,
intervention and remediation of any covenant compliance risk responsible care initiatives, good maintenance practices, enhancement strategies for the
Managing debt and unfunded Regular review of the Company debt profile and plans to manage it effectively Failure to ensure containment of environment and prevention of pollution
pension liabilities of overseas safety hazards
subsidiaries Unfunded pension liabilities On-site and Off-site emergency plans are in place in case of failure to localise containment
The pension schemes are closed to new hires (in the US) and further accruals (in the UK) Employee Safety (Behaviour issues), of hazards
Linkage to Capital Utilising hedging and investment strategies, as appropriate, to manage economic Workplace Safety (Fire Safety, Member of Nicer Globe initiative for addressing transportation-related hazards
Financial Capital risks including inflation Asset Integrity), Process Safety & Various safety improvement initiatives covering Behavioural Safety, Structural Safety,
Product Safety Hazard Chemicals
–Transportation Long-term Asset Management Plan (LAMP), Mine Safety and Process Safety & Risk
Management (PSRM), Management of hazardous chemicals, workplace environment
improvement, preventive maintenance, aspects are continuously evaluated
for effectiveness
Linkage to Capital Hazards identified using techniques such as Job Safety Analysis (JSA), Hazard and
Human Capital Operability Study (HAZOP), Hazard Identification and Risk Analysis (HIRA), What-if-Analysis,
Failure Mode Effect Analysis, etc. and addressed by following hierarchy of risk control.
E-enabled portal ‘WSO’ is implemented across the operations to capture near-misses and
unsafe conditions
Migrated to ISO tankers with the GPS system for transporting bromine; for product safety
and transportation of hazardous chemicals
Support to customers by conducting safety audits in their premises (chlorine handling)
Provision of safety kits and awareness sessions for farmers through the "You are Safe"
Regulatory and Compliance Risks initiative focussed on the safe use of the products
In relation to Covid-19 situation, various actions including following are undertaken to
Mitigation ensure safe operations:
Ongoing dialogue, liaison meetings and conversations with regulatory authorities Relevant SOPs with do’s and don’ts ensuring safety of employees and continuity of
7. Government & and the Indian public affairs, attendance at seminars, memberships with Government operations have been prepared, dedicated 24/7 helpline number to address medical
Regulatory Risk and Industry Bodies related queries
Government policy changes which In relation to current Covid-19 situation, Plants working with minimal workforce
could impact the Company’s active monitoring and adhering to various Close monitoring on Government regulations
operations at large regulatory authorities’ guidelines is ensured; and ensuring its adherence
notifications are monitored for All non-site offices are closed. Employees
future adherence are working from home

Linkage to Capital
Social and Relationship Capital,
Manufacturing Capital, Intellectual
Capital and Natural Capital

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