RISK MANAGEMENT SYSTEM
RISK MANAGEMENT SYSTEM
Irritec regards risk prevention and management as essential tools to strengthen every process with awareness and strategic vision.
Irritec’s approach to risk management is based on an integrated update model, which includes Enterprise Risk Management (ERM) and the integration of ESG factors (Environmental, Social, Governance), in line with the Corporate Sustainability Reporting Directive (CSRD), which will apply to Irritec starting in 2028. The process involves the identification and analysis of risks, the assessment of their potential impact, and the implementation of mitigation measures to ensure business resilience.
THE PATH
The path undertaken in updating the risk identification and management process included the following steps:
1.
Identification of ESG factors by material topic.
2.
Identification of the potential and current, short and medium-long term, negative (risks) and positive (opportunities) impacts generated by individual ESG factors on traditional risks (financial, operational, strategic, compliance, reputational).
3.
3. Recognition and review of ESG management methods.
4.
Qualitative analysis of the financial relevance attributable to each individual factor and traceability (outside – inperspective) to each individual material theme. This phase is preliminary to the dual materiality analysis required by the CSRD directive.
5.
Definition of an intervention plan.