The risk-related information outlined in this section is not exhaustive and is for information purposes only. This section lists forward-looking statements that may involve risks and uncertainties. Our actual results including business’ operational performance could differ materially on account of risks and uncertainties not currently envisaged or by risks that we currently believe are not material. Readers are also advised to exercise their own judgement in assessing the risks associated with the Company.
Over a number of years, the Company has matured its Risk Management framework which identifies, prioritises, manages, monitor and reports both, the key risks as well as the emerging risks - that can impact achievement of the organisation objectives. The Company's Risk Management framework is founded on sound organisation design principles and is enabled by effective review mechanism.
Our integrated ERM framework implemented across the organisation is developed based on the COSO and ISO 31000 standards and then suitably customised to address our unique business requirements.
Over a year ago, in March 2020, the WHO (World Health Organisation) declared COVID-19 a global pandemic. The unprecedented COVID-19 crisis stress-tested our Risk Management framework. The Company developed a resilient and adaptive Risk Management strategy. Key highlights of ERM are as follows: