In the pursuit of our business activities, Henkel is exposed to multiple risks inherent in the global market economy. We deploy an array of effective monitoring and control systems aligned to identify risks at an early stage, evaluate the exposure and introduce effective countermeasures. We have incorporated these instruments within a uniform risk management system as described below.
Entrepreneurial activity also involves identifying, developing and exploiting opportunities as a means of securing and extending the company’s competitiveness. The reporting aspect of our risk management system does not extend to entrepreneurial opportunity. The early and regular identification, analysis and exploitation of opportunities is performed at the Group level and within the individual business sectors. It is a fundamental component of our strategy. We perform in-depth analysis of the markets and our competitors, and study the relevant cost variables and key success factors. The major opportunities have been included in our Forecast.