BIC - 2020 Universal Registration Document

RISK MANAGEMENT

BIC has established a clear and effective risk management methodology to address risks that could significantly impact the company. This process includes the identification, mapping and monitoring of external and internal risks to mitigate or insure against their impact. 1 2 3

IDENTIFICATIONAND ANALYSIS OF RISKS

RISKMANAGEMENT

RISKMONITORING

BUSINESS UNITS & SUBSIDIARIES

BOARDOF DIRECTORS

EXECUTIVE COMMITTEE

RISKMAPPING

MANAGEMENT

TOP-DOWN APPROACH

BOTTOM-UP APPROACH

BUSINESS UNITS & SUBSIDIARIES

RISK MANAGEMENT FUNCTION

BOARDOF DIRECTORS

RISK MONITORING

ACTIONPLAN

RISKMATRIX

• Action plans: related to key risks are reviewed and discussed during Board of Directors’ meetings • Major identified risks are managed and monitored by the Board of Directors

• Each site/department sets up its own dashboards and key indicators to identify and track, to assess the means and reduce their impact

• Bottom-up approach: self-assessment of significant risks

• Top-down approach: Group risks mapping updated every two years. Consolidation carried out by the Risk Management function, which delivers a Group risk matrix

• Scheduled update of risk mapping

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• BIC GROUP - 2020 UNIVERSAL REGISTRATION DOCUMENT •