BIC pursues an active and dynamic approach to risk management. The objective of this approach is to enhance the Group’s capacity in identifying, managing, preventing, mitigating, and monitoring key risks that could affect: the Group’s employees, customers, shareholders, assets, ● environment or reputation; the Group’s ability to achieve its objectives, abide by and ● defend its Values, ethics, or laws and regulations. This approach is based on the identification and analysis of the main risks to which the Group is exposed. A description of the risk management system is disclosed in § 2.4. Risk management and internal control procedures implemented by the Company and Insurance.
The risks set out below are not the only risks faced by BIC. There may be additional risks and uncertainties, of which the Group is currently unaware or that are currently deemed insignificant, that could also harm its business, financial position, or results. BIC has put several measures to mitigate the risks it is facing. One of the measures, described in § 2.4.4 Insurance. Coverage of risks, is transferring the risks by insuring them.
MAIN RISKS AND RISK ASSESSMENT 2.1.
• Supply Chain and Production
• Consumer Demand and categories’ growth • Plastic and climate change • Retail Disruption and Consolidation
• Net Sales Regional Concentration • Execution of BIC’s transformation program “BIC 2022 – Invent the Future” • M&A execution in the context of BIC’s Horizon strategic plan • Product Safety • Counterfeiting, parallel imports, and non-compliant products from competition • Increased Regulations • Non-respect of Human Rights and Unfair Practices • Risks related to IT security
• BIC GROUP - 2020 UNIVERSAL REGISTRATION DOCUMENT •