Page 121 - Tata_Chemicals_yearly-reports-2021-22

01 INTEGRATED 73 STATUTORY 178 FINANCIAL
STATEMENTS
REPORTS
REPORT
Management Discussion
& Analysis
Risk Categories
The following categories of risks have been considered in the Risk Management Framework:

Strategic Reputational
Risk Risk

Risk
Sustainability Categories Operational
Risk Risk

Financial
Risk Regulatory and
Policy Risk

• Strategic Risks includes the range of external events and trends (like Government policy) that can adversely impact the Company’s
strategic growth trajectory and destroy stakeholder value. It also includes the risks arising out of the choices the Company has made
in defining its strategy.
• Sustainability Risks are those risks arising out of adverse impacts that the business activities have on environment (planet) and
communities (people).

• Reputational Risks includes a range of events that creates a mismatch between stakeholders’ expectations and their perceptions of
the Company’s performance around those expectations.
• Operational Risks are those risks that are associated with operational uncertainties including failure in critical equipment, attrition,
loss of data from cyber-attacks, etc.
• Regulatory and Policy Risks are risks on account of inadequate compliance of regulations, contractual obligations and intellectual
property violations leading to litigation and loss of reputation.

• Financial Risks are risks faced by the organisation in terms of internal systems, planning and reporting.

For more details on key risks and their mitigation plans, please refer page no. 30 of this Integrated Annual Report.
Cautionary Statement
Statements in the Management Discussion & Analysis describing the objectives, projections, estimates and expectations of the Company, its direct
and indirect subsidiaries and its associates, may be ‘forward-looking statements’ within the meaning of applicable laws and regulations. Actual
results might differ substantially or materially from those expressed or implied. Important factors that could make a difference to the Company’s
operations include, among others, economic conditions affecting demand/supply, price conditions in the domestic and overseas markets in which
the Company operates, changes in the Government regulations, tax laws and other statutes and incidental factors.

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