Uncertainty about future developments and the course of events is a natural risk for any business. Risk-taking in itself provides opportunities for continued economic growth, but naturally the risks may also have a negative impact on business operations and company goals. It is therefore essential to have a systematic and efficient risk assessment process and an effective risk management program in general. The purpose of risk management at ASSA ABLOY is not to avoid risks, but to take a controlled approach to identifying, managing and minimizing the effects of these risks.
This work is based on an assessment of the probability of the risks and their potential impact on the Group.
ASSA ABLOY is an international Group with a wide geographical spread, involving exposure to various forms of strategic, operational and financial risks.
Download our annual report for more details about the risks we plan for.
ASSA ABLOY's risks
Strategic risks
Changes in the business environment with potentially significant effects on operations and business objectives.
- Country-specific risks
- Customer behavior
- Competitors
- Brand positioning
- Reputational risk
- Pandemics and other global health risks
Operational risks
Risks directly attributable to business operations with a potential impact on financial position and performance.
- Legal and environmental risks
- Tax risks
- Acquisition of new businesses
- Restructuring measures
- Price fluctuations and availability of raw materials
- Credit losses
- Insurance risks
- Risks relating to internal control
- Risks relating to IT
Financial risks
Financial risks with a potential impact on financial position and performance.
- Financing risk
- Currency risk
- Interest rate risk
- Credit risk
- Risks associated with pension obligations
Organizational structure
Organizational structure
ASSA ABLOY’s Board of Directors has overall responsibility for risk management within the Group and determines the Group’s strategic focus based on recommendations from the Executive Team. In view of the decentralized structure of ASSA ABLOY, and to keep risk analysis and risk management as close as possible to the actual risks, a large proportion of operational risk management takes place at division and business unit levels.
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