Risk policy

The Lloyd’s Register Group faces many types of risk that could affect our environment, business, social or charitable objectives. We are committed to awareness and mitigating these risks.

The Lloyd’s Register Group faces many types of risk that could affect our environment, business, social or charitable objectives. We are committed to awareness and mitigating these risks, to ensure that we:

• fulfil our obligations to customers, employees, stakeholders and society in general

• preserve the Group’s reputation and brand values

• achieve the Group’s strategic and operational objectives, and

• thereby ensure the Group’s sustainability.

We will achieve this by implementing processes to identify unintended or unexpected risks to our environment, business, social or charitable objectives which could affect our ability to achieve our strategic and operational objectives. We will:

• manage and report those identified risks as part of the integrated business control processes

• audit and review the processes, and

• report changes to the risk register to the Audit Committee as part of our corporate governance responsibility.
  The Audit Committee of the Lloyd’s Register Group approves this policy and looks to each employee to support it.