Embed risk management into the culture and operations of the company.
Integrate enterprise risk management into strategic planning, activity planning, performance management and resource allocation decisions.
Manage risk and leverage opportunities in accordance with best practices
Regularly re-assess the company’s risk profile and effectiveness of risk mitigation plans in the context of various strategic plans, National and International standards
Anticipate and respond to changing social, environmental and legislative requirements
OPaL is committed to achieving these objectives by
Promoting an enterprise-wide approach by integrating risk management processes with business strategy, project management, decision-making, audit, insurance and regulatory compliance.
Promoting proactive recognition of external factors and anticipating uncertainties that may affect the achievement of risk mitigation strategy.
Protecting the interests of the Company’s shareholders and other interested parties
Providing assurance to customers, employees, contractors and the community through consistent and transparent risk assessment of every functional area
Defining appropriate ownership and accountability for risk mitigation plans.
Imbibing risk mitigation philosophies at the design stage and implementing controls that provide appropriate assurance and are cost-effective.
Implementing timely and accurate monitoring, review and communication mechanisms that are critical to providing early warning of risk occurrences and consequences
Developing a sustainable approach to ensure shared responsibility for risk management at all levels of the organization.
