2021 Universal Registration Document

RISK

MANAGEMENT

BIC embeds risk management into its core processes to address risks that could significantly impact the company. It includes the identification, mapping and monitoring of external and internal risks to mitigate or insure against their impact.

3 RISK MONITORING

1 2

IDENTIFICATION AND ANALYSIS OF RISK

RISK MANAGEMENT

Business Units & Subsidiaries

Board of Directors

Executive Committee

Risk mapping

Management

Business Units & Subsidiaries

Board of Directors

RISK MANAGEMENT

Action plan

Risk monitoring

• Action plan related to key risks are reviewed and discussed during Board of Director’ meetings • Major identified risks are managed and monitored by the Executive Committee • Each site/department sets up its own dashboards and key indicators to identity and track, to assess

Risk matrix

the means and reduce their impact • Scheduled update of risk mapping

BIC’s MaterialityMatrix update

• Diversity, Equity & Inclusion (DE&I) • Purchasing, subcontractors and suppliers • Responsible product development • Packaging • Energy and Climate Change • Water • Recycling and waste recovery

I n 2014, BIC established a materiality matrix to review the degree of internal and external stakeholder interest in key sustainability issues. This materiality matrix confirmed the overall balance in perception on the material issues facing

BIC and ratified the relevancy of the company’s sustainability program. In 2021, the Sustainable

Development, Risks and Corporate Stakeholder Engagement Departments revisited this materiality matrix and upgraded the following material sustainability issues in terms of important to BIC: • CSR Corporate Governance • Employee development and well-being

The materiality matrix update will continue with the mobilization of the key stakeholder groups and culminating in a new materiality matrix in 2022.

20

• BIC GROUP - 2021 UNIVERSAL REGISTRATION DOCUMENT •