All business activities are associated with a certain degree of risk-taking. A systematic and structured approach to risk assessment enables the identification, analysis, mitigation and remediation of significant risks. Byggmax Group works continuously to monitor the company’s risks and risk management.

The Board of Directors is ultimately responsible for and conducts an annual risk assessment in which all risks are evaluated. This includes assessing the preventative measures taken to reduce the company’s risks, which include ensuring that the company undertakes such evaluations on an ongoing basis, monitoring significant risks, and that the company has the requisite policies and guidelines in place. The Group management team is responsible for ongoing risk management within the Group and for ensuring that there are procedures and processes in place to guarantee compliance with policies and guidelines. The uncertainty regarding geopolitical developments in the world and other macroeconomic effects that have an impact on the Group’s operations has been continuously analysed.

RISK MANAGEMENT PROCESS

Byggmax Group works continuously to update the Group’s risk exposure by means of operational processes where risks are identified, assessed, reported and addressed on an ongoing basis. This work is carried out in each function based on Group management’s composition.