Risks and risk management
Castellum works continually, in a structured manner, to identify and actively monitor financial and operational risks that our operations encounter or are faced with. The Group’s risk management is based on careful analyses and documentation for decisions, for the purpose of limiting consequences.
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Castellum defines risk as an uncertainty factor that may affect the company’s ability to achieve the objectives it has set. Risk management aims at balancing the desire to limit the company’s risks and achieve the company’s objectives. In order to assess the effect of identified risks, an annual internal risk survey is conducted in which each risk is assessed based on both impact and likelihood. This process determines if the risks should be further monitored, if actions need to be taken or if they can be handled through standard review and management. All the risks are then consolidated, and the result is Castellum’s overall risk assessment. The risks are analysed primarily from a three-year perspective. To facilitate risk management, Castellum has chosen to classify risks into the following categories:
Market and business risks
Risks due to the influence of external factors and events, and risk associated with laws and regulations.
Operational risks
Risks associated with routine administration of Castellum’s properties.
Financial risks
Risks attributable to Castellum’s financing.
Sustainability risks
Risks associated with the environment, climate, social responsibility and people in and around the company’s properties.
