Taking risks, facing challenges and identifying opportunities is an inherent part of entrepreneurial behaviour. Sustainability risks and opportunities are identified using our Enterprise Risk Management (ERM) Framework, and by considering issues raised by our key stakeholders and international benchmarks for sustainable performance. Our team then explores options, designs strategies and implements solutions. These solutions are then built into our strategic planning and operating plan processes to ensure continuous execution.
Managing challenges and opportunities forms an integral part of business management and are essential to the sustainability and growth of the business and safeguarding the Shareholder’s investment and Customer service.
some of the key challenges and opportunities that have been identified are shown below and are published annually in order to give stakeholders an insight into the risks the company faces and the mitigating actions that are in place as contingency. The described risk factors below are not in order of
significance or expected adverse impact.
Challenge: To successfully integrate acquired
businesses to achieve our stated goals Opportunity: Sharing and leveraging best
practices of acquired businesses across the
Challenge: Regulatory and stakeholder
expectations for operations with low
environmental impact Opportunity: We are reducing the environmental
impacts of our manufacturing processes and
products to create new areas of competitive
advantage and reduce costs.
Challenge: Occupational health and safety Opportunity: To become internationally recognised
for our safe work practices and to share our
expertise with our suppliers and customers to help
them achieve their own health and safety goals.
Challenge: Talent management Opportunity: Employee engagement and recognition
as employer of choice, allowing us to attract
and retain the best talent.
Challenge: Community support for our
operations our social licence to operate Opportunity: To build effective partnerships
and seek constructive dialogue with the
communities in which we operate.
Challenge: Changing consumer tastes
towards sustainable packaging products Opportunity: To become a leader in sustainable
packaging, creating new areas of competitive
advantage through supply chain partnerships
and product life cycle assessments.
Challenge: Volatile Exchange and Interest rates Opportunity: Continuously improve our rate
forecasting abilities and maintain constant
communication with institutions that can
advise us in advance of potentially harmful
Challenge: The introduction of new regulations
or the amendments to existing regulations by
the government locally and/or internationally
which may be adverse to business and complexity
in complying with all regulatory requirements. Opportunity: Conduct compliance review at group
and business levels quarterly to ensure that all
business units adhere to legal and statutory