BBG recognizes that effective risk management is foundational to sound corporate governance and is committed to implementing rigorous risk management practices in accordance with international standards. To this end, BBG has developed and adopted a comprehensive Risk Management Policy that aligns with leading international standards such as ISO 9001 for Quality Management Systems and ISO 45001 for Occupational Health and Safety Management Systems.
This policy serves as a guiding framework, drawing upon the principles outlined in ISO 9001 and ISO 45001 to ensure a systematic and integrated approach to risk management. The Risk Management Policy defines the scope and categories of risks, provides detailed procedures for risk identification, assessment, and mitigation, and establishes robust structures for ongoing risk monitoring and control in line with these international standards.
Operational risk is a key focus area within BBG's risk management strategy. Through the formulation of clear internal policies, procedures, and guidelines, BBG aims to minimize operational risks and optimize business processes across the group. Additionally, the implementation of a stringent internal control system further strengthens operational risk management efforts, mitigating the potential for human error and misconduct.
To ensure effective risk management at all levels of the organization, subsidiary companies within BBG have established dedicated risk management bodies, such as risk committees and risk management units. These entities are tasked with overseeing risk-related activities, conducting regular risk assessments, and implementing appropriate risk mitigation measures tailored to the specific needs and challenges of each business unit.
By adhering to high standards of risk management in accordance with internationally recognized guidelines such as ISO 9001 and ISO 45001, BBG demonstrates its unwavering commitment to safeguarding its business operations, protecting its stakeholders, and driving sustainable growth.