Management of opportunities and risks is part of responsible corporate governance and is the foundation of sustainable growth and financial success. This includes the ability to systematically identify and take advantage of opportunities while managing risk at the same time.
Our Covestro risk management framework is firmly established and has been tested in practice. With regard to managing our opportunities, we aim to improve how we identify and control our company’s opportunities. This enables us to make effective use of the potential in the areas of innovation, customer centricity, optimization of our production processes, and digitalization for greater efficiency and growth.
We regard an opportunity as an internal or external development or event that could cause a positive deviation from forecasts or targets. A development or event within or outside the company that could lead to a negative deviation is considered a risk.