Strategic risk focus - summary
The strategic issues that currently face the group and which inform Implats’ business planning, risk management and resource allocation priorities are:
- Maintaining an organisational strategy that will ensure:
- The requisite resources, skills and structures are in place to deliver on the growth objectives approved by the board;
- Continuous improvement in safety, health and environmental performance towards the goal of ‘zero harm’;
- Organisational diversity and improved employee engagement and participation in all business activities; and
- The company attracts, develops, retainsand motivates the requisite management, operational, technical and business skills and pool of talent.
- Retaining a focused and sustainable growth portfolio of assets to ensure that the company remains in the top quartile of performers within its areas of core competence.
- Maintaining effective project management processes and skills to ensure successful project implementation and delivery.
- Sustaining unit production costs in the lowest quartile of the industry.
- Maintaining reliable and effective production processes and delivering product on time and to specification.
- Protecting and maintaining the security and reliability of physical assets.
- Retaining process, system and management technology competitiveness.
- Ensuring that impacts on the business in terms of utility supply disruptions are minimised.
- Ensuring that risks associated with suppliers and logistics are minimised.
- Retaining permission to operate and full legal and regulatory compliance in a continuously changing environment.
- Managing the uncertainties that affect the Zimbabwe operations.
- Scanning of the environment for technological advances that may affect the demand for Implats’ products, and instituting appropriate responses where possible.
- Addressing relevant issues regarding corporate responsibility, and being recognised as a good corporate citizen in the countries and communities where the company operates, and maintaining sound and mutually beneficial relationships with them and the general public.
Details of
Implats-specific risk factors are available on the corporate website at www.implats.co.za.
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