20974 29Metals AR23 WEB V1 - Flipbook - Page 34
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29Metals 2023 Annual Report
Governance continued
Risk management
29Metals has established a comprehensive risk management
framework that iden琀椀昀椀es and assesses risks and opportuni琀椀es
that a昀昀ect the Group’s business performance and objec琀椀ves,
par琀椀cularly in the realm of Sustainability & ESG considera琀椀ons.
The framework also includes controls and measures to e昀昀ec琀椀vely
mi琀椀gate iden琀椀昀椀ed risks and capitalise on poten琀椀al opportuni琀椀es.
Addi琀椀onally, it involves evalua琀椀ng the e昀케ciency of implemented
controls and measures in minimising risks.
The assessment of risks and uncertain琀椀es considers various
factors, such as the poten琀椀al for harm or injury, environmental
implica琀椀ons, regulatory compliance, impact on stakeholder
rela琀椀onships, and harm to the Group’s reputa琀椀on. The Board
sets the Group’s risk appe琀椀te. It oversees Management’s
implementa琀椀on of the risk management framework and the
e昀昀ec琀椀ve management of material business risks.
Jingie & Jean
Perth Office
29Metals’ Perth O昀케ce
provides support services to
the Golden Grove opera琀椀on.
In 2023, 29Metals underwent a substan琀椀al risk review
process across all Group ac琀椀vi琀椀es, including ma琀琀ers rela琀椀ng
to Sustainability & ESG. This was done to ensure that the
iden琀椀昀椀ca琀椀on and understanding of material risks were
up-to-date and the appropriate mi琀椀ga琀椀on measures are in place.
