A comprehensive analysis of non-financial risks requires cross-functional insights from Group management, business areas and local facilities.
We focus on the future to prepare for the changing business landscape and mitigate potential risks. The global trends described in the External influences – 2019 and beyond section will affect Electrolux in the coming years. Understanding and managing the non-financial risks and opportunities associated with these trends is an integral part of managing our business. Risks related to the each part of the value chain are described in Impacts throughout our value chain.
A number of Group functions are involved in identifying and managing non-financial risks in their area of responsibility. These risks are regularly reported to Group management and fed into our materiality process. Read more about how Electrolux manages risk in the Annual Report.
Group Internal Audit
The Group Internal Audit evaluates and improves governance, internal control and risk management processes.
Group Risk Management
Group Risk Management benchmarks and monitors key risks in operations and key suppliers.
Sustainability Risk Management Processes
The processes manage the following risk assessments:
- Responsible Sourcing
- Human rights
- ISO Coordination
Other Group Staffs & Functions
Other functions conduct risk assessments for:
- Global Industrial Operations Product Lines
- HR Exec Team
Group External Affairs Committee
The committee, which consists of representatives from all regions, monitors regulatory development in our markets and develops common Group positions.
Electrolux shapes living for the better by reinventing taste, care and wellbeing experiences that make life more enjoyable and sustainable for millions of people. Through our brands, including Electrolux, AEG and Frigidaire, we sell more than 60 million household and professional products in more than 150 markets every year.
S:t Göransgatan 143
SE-105 45 Stockholm, Sweden