OPaL is committed to:

• Embed risk management into the culture and operations of the company.
• Integrate enterprise risk management into strategic planning, activity planning, performance management and resource allocation decisions.
• Manage risk and leverage opportunities in accordance with best practices
• Regularly re-asses the company’s risk profile and effectiveness of risk mitigation plans in context of various strategic plans, National and International standards
• Anticipate and respond to changing social, environmental and legislative requirements

OPaL is committed to achieve these objectives by

• Promoting an enterprise wide approach by integrating risk management processes with business strategy, project management, decision making, audit, insurance and regulatory compliance.
• Promoting proactive recognition of external factors and anticipating uncertainties that may affect the achievement of risk mitigation strategy.
• Protecting the interests of Company’s shareholders and other interested parties
• Providing assurance to customers, employees, contractors and the community through consistent and transparent risk assessment of every functional area
• Defining appropriate ownership and accountability for risk mitigation plan.
• Imbibing risk mitigation philosophies at the design stage and implementing controls that provide appropriate assurance and are cost effective.
• Implementing timely and accurate monitoring, review and communication mechanisms that are critical to provide early warning of risk occurrences and consequences
• Developing a sustainable approach to ensure shared responsibility for risk management at all levels of the organization.

Date: 17.12.2019

(Avinash Verma)
Managing Director