A regular assessment of the risks inherent to the GBL group and the effectiveness of the internal control system
This section presents a summary table that categorises the main risks related to GBL’s activities and the various factors and measures mitigating their potential negative impact.
The risk mapping and a schematic representation of the risk identification, assessment and control process can be found here : Risk mapping and schematic representation of the risk identification, assessment and control process.
The section ends with a detailed description of the internal control and risk management system’s formalisation based on the COSO model.
| Main risks | Risk factors | Mitigants |
|---|---|---|
| Exogenous Risks associated with shifts in external factors such as economic, political or legislative change |
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| Strategy Risks resulting from the definition, implementation and continuation of the group’s guidelines and strategic developments |
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| Cash and cash equivalents, financial instruments and financing Risks associated with the management of cash and cash equivalents, financial instruments and financing |
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| Operations Risks resulting from inadequacies or failures in internal procedures, staff management or systems in place. Risk of non-compliance with quality standards, contractual and legal provisions and ethical norms |
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Specific risks related to the participations
GBL indirectly faces specific risks related to the participations, which are identified and addressed by the companies themselves within the framework of their own internal control. The analysis conducted by these companies in terms of risk identification and
internal control is described in the reference documents available on their website.
Imerys |
SGS |
LafargeHolcim |
Pernod Ricard |
adidas |
Umicore |
Total |
Burberry |
Ontex |
GEA |
Parques Reunidos |