Risk management is a key part of corporate management at WACKER. Its goal is to identify risks as early as possible, to evaluate them and – if necessary – to eliminate them using appropriate measures. As a specialty-chemical and semiconductor company, we have a particular responsibility to ensure plant safety and to protect health and the environment. This is why all our production sites have coordinators who manage plant and workplace safety, alongside health and environmental protection. Our risk management complies with legal requirements and is a key component in all our decisions and business processes.
To make risks as manageable as possible, WACKER focuses on identifying, analyzing, evaluating, coordinating and monitoring them as part of a clear risk management and control system for all company processes. A defined risk strategy forms the backbone of our risk management system and is regularly reviewed and updated by the Executive Board. The focus is on groupwide processes for strategic planning and on our internal reporting system. The Executive Board regularly keeps the Supervisory Board’s Audit Committee abreast of existing risks.
Risk management is a groupwide task that involves all corporate levels. It consists of three intermeshed aspects:
- / Division-specific risk management, including early-warning systems
- / Groupwide risk coverage
- / Groupwide risk mapping