PERNOD-RICARD - URD 2021-22 EN

Risk management Risk factors

Risk hierarchy

Risks relating to business activities

Geopolitical and macroeconomic instability Pressure on prices and margins Significant cyberattack Rapid changes in consumer behaviour Talent management

Negative media coverage Supply chain disruptions Risks related to S&R challenges Fraud

Industrial and environmental risks

Loss of a major industrial site/strategic inventory Toxic contamination Climate change and environmental damage Product quality issues Health and safety Regulatory risks: business ethics taxes and levies Anti-alcohol environment and regulations Counterfeiting/IP rights Major litigation

Legal and regulatory risks

4.

Financial risks

Financial risks: FX interest rate

credit Pensions

Risk factors exist in a limited number of categories depending on their nature. Within each category, the most important risk factors are presented first.

169

Pernod Ricard Universal Registration Document 2021-2022

Made with FlippingBook - Online Brochure Maker