Why, What, and How of Risk Management

Our purpose is to sustain a Level 4 Risk Maturity to achieve enterprise resilience. Only a truly resilient organization will be able to continuously create long-term value for all of its stakeholders.

To achieve our purpose, we take on the following roles:

• Governance – Provide risk oversight and structure through policies and procedures that guide Aboitiz strategic business units (SBUs) and business units (BUs) in the set-up, implementation, and management of their risk programs
• Process Integration – Work with other related functions to integrate risk management into their activities such as Group Internal Audit, Strategy, and Sustainability
• Business Partner – Provide value-adding and relevant information for strategic decision making, best-fit insurance programs for operating assets and projects, and support in applicable areas of expertise
• Capability Building – Keep the team and the rest of the organization abreast with the changes, developments, and best practices in the risk field through trainings, communications, and other similar activities, making sure that we embed risk-based thinking across the Group

The ways in which we deliver our roles must be:

• Value-adding – Initiatives that take into consideration the requirements of business and stakeholder expectations.
• Timely – Services and reports that are delivered within the agreed time.
• Consistent – The above activities are done in a consistent manner, both in terms of time and quality, across the Group.
• Accurate -Outputs are complete, thorough, correct, and done with the best quality possible.