Managing sustainability risks
- Electrolux in a changing world
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 Global megatrends that shape our business 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 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 and to the Annual Review.
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
Group Sustainability Affairs manages 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 is a leading global appliance company that has shaped living for the better for more than 100 years. We reinvent taste, care and wellbeing experiences for millions of people around the world, always striving to be at the forefront of sustainability in society through our solutions and operations. Under our brands, including Electrolux, AEG and Frigidaire, we sell approximately 60 million household products in approximately 120 markets every year. In 2019 Electrolux had sales of SEK 119 billion and employed 49,000 people around the world.
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