In today's business environment, risk management, including ESG considerations is increasingly crucial, with investors, customers, and regulators seeking greater transparency and accountability from companies. Uno Minda Group is committed to creating sustainable value for all its stakeholders by integrating environmental, social, and governance (ESG) factors into its business practices.
Uno Minda has implemented a robust business risk assessment strategy. This strategy aims to identify, evaluate, and mitigate foreseeable risks, including ESG risks, across its entire operations. Additionally, to manage risks effectively, Uno Minda has developed a comprehensive risk governance framework led by the Risk Management Committee (RMC). This committee regularly evaluates the Company's risk assessment and management approach. Each department within the organisation participates in identifying significant risks and proposing mitigation strategies. Risks are assessed based on their probability and impact score and timeframe-based mitigation plans are devised, aimed at reducing the sensitivity of each risk. The effectiveness of mitigation measures is continuously monitored, considering the potential risk of each issue.