The Group Risk Committee has assessed the impact and level of control of the Group risks, using a four-level scale for each criterion.

Four main types of impact were considered: economic impact, impact on people, impact on the environment, and impact on reputation.

The level of control was assessed by considering the following questions:

  • Are the mitigating/controlling actions defined?
  • Are the actions implemented, fully or partially?
  • Is the effectiveness of those actions monitored?

Criticality level is determined by the combination of the risk’s two ratings (impact and level of control) at the time of the assessment.

The description of the risks relevant to Solvay and the risk-reduction actions the Group takes are listed below. The mitigation efforts described do not guarantee that risks will not materialize or impact the Group, but they show how Solvay proactively manages risk exposures.