3. Solvay’s main risks

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

The Committee considered four main types of impact: economic impact, impact on people, impact on the environment, and impact on reputation. It assessed the level of control by considering the following questions:

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

The criticality level is determined by combining 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 Group risk-reduction actions 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.