Comprehensive risk management and main business risks

Risk assessment

The Company made progress in the adoption and consolidation of the methodology focused on managing risks, trends and opportunities, which was used as input for the formulation of Grupo Nutresa’s strategic plan for 2030.

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Workshops

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Employees
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Cross-organizational
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Risk
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In addition, the incorporation of the system has facilitated its implementation at all levels in the Organization with a higher level of autonomy by the Businesses in the execution of exercises for assessing and monitoring strategic, operational, financial, climate and nature-related risks. In 2020, such exercises included the analysis of both the negative and positive impact of COVID-19 on the 23 corporate risks and their related risks.

Mitigating risk

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Corporate risks

  1. Inadequate formulation, implementation or understanding of the strategy.
  2. Lack of availability of human talent with the required skills, committed and connected with the Organization’s purpose.
  3. Not knowing or not capitalizing in a timely manner on the opportunities identified based on understanding of the needs and expectations of consumers, shoppers and customers.
  4. Not having operating models that support and boost the development of Grupo Nutresa’s strategy.
  5. Regulatory environment with a negative impact on the business.
  6. Insufficient access systems and channels for creating value for customers, shoppers and consumers.
  7. Decline in the relevance or effectiveness of the Organization’s communication strategies with regard to changes in the methods utilized to engage consumers and all other target audiences.
  8. Lack of internalization of the sustainable development as a core capability of the Organization and its alignment with the strategy.
  9. Systematic loss of trust in the food industry.
  10. Negative impact of a highly competitive environment on the Businesses.
  1. Negative impact on the integrity or safety of the employees in the performance of their jobs.
  2. Adverse impact on the environment.
  3. Impact on third parties caused by the operations and/or the products.
  4. Regulatory noncompliance.
  5. Interruption to the operations, including technologies related to both information and communication.
  6. Internal or external violations of Human Rights.
  7. Detriment to information security.
  8. Ethical offenses or inappropriate behavior of employees or third parties.
  1. Inefficacy of the strategies focused on managing talent diversity and the new ways of working.
  2. Uncertainty caused by the implementation of new technologies, digital models and cybersecurity threats.
  3. Changes in the preferences of consumers and shoppers.
  4. Transformation of the engagement with stakeholders caused by social and economic changes.
  5. Ineffectiveness in the adaptation and mitigation of climate-related risks and the transition to a low-carbon operation.
  6. Vulnerabilities due to the reconfiguration of the global supply chain.
  1. Negative impact caused by climate and natural phenomena.
  1. Volatility of the prices of commodities and exchange rates.
  2. Counterpart-related risks.
  3. Indebtedness and liquidity risks.
  4. Systemic risk.