Risks and Risk Management
Risks and Risk Management
We have identified our most significant sustainability risks in light of the challenges the world faces and how our operations impact the climate. Exceeding the planet’s boundaries poses significant risks to our future. To contribute to the global agenda, Malmberg directs and sets goals for its operations in line with the UN’s global goals and the international climate agreement. This work is ongoing as both our operations and society are constantly changing. Identified environmental aspects and risks form the basis of our sustainability agenda and goals.
Goal: 0
Result: 14
Goal: 50
Result: 40
| Risk | Description |
Potential Impact | Governance & Risk Management |
|---|---|---|---|
| Climate Impact | The use of fossil fuels throughout the value chain contributes | External weather conditions, impact on human habitats, acidification | Business policy, code of conduct, supplier requirements |
| Emissions to air, land & water | Transport, process water waterjet, emissions process water seed treatment | External weather conditions, impact on habitats, acidification. Pollution of sewage & groundwater | Business policy, routines & instructions. Permits & notifications under legislation |
| Consumption of natural resources | Impact on groundwater during drilling. Fossil fuels. Steel production emits greenhouse gases | External weather conditions, impact on human habitats, acidification. | Business policy, traffic policy. Routines & instructions. Supplier requirements |
| Employees | Work environment, health & safety, stress-related health impact. Chemical management, noise, high workload | Work-related accidents and incidents, sick leave | Routines, safety instructions, internal & external controls, corporate values. Employee surveys |
Personal Goals
The long-term goal is LTI (Lost time injury) = 0 and engagement > 3,9
Engagement
Goal: 3,8
Result: 3,9
Goal: 3,8
Goal: 4,0
LTI
Lost Time Injury
Goal: 1
Result: 3
Goal: 1
Goal: 0
Protect Yourself and Your Colleague
It is important that everyone in the organization understands the importance of being aware of the work environment and reporting any deviations to our deviation system. By conducting management training together with our partner WSP, we demonstrate our commitment to ensuring a safe and healthy work environment for all employees. By being 100% up to date on issues related to the work environment, we can together create a safe and pleasant workplace where everyone can thrive and perform at their best.
During the year, we have developed a new strategy to increase engagement so that people take the time to make risk observations. In 2023, we have set goals for each professional group and employee to create clarity in the organization. In 2024, we aim to achieve 174 observations.
How do we promote dialogue and participation? Read about how we work for an inclusive environment.