RE: Divi26 Feb 2022 12:46
Davidspellacy snippet about the possible disruption of business quite good ithink
EVRAZ monitors these risks and actively pursues strategies to mitigate them on an ongoing basis. Whilst there have not been direct impacts on the Group to date, the Board continues to monitor the situation in Ukraine and the response of international governments. The Directors have considered additional scenarios for the purposes of its going concern assessment (see page 189 of Annual Report 2021) and the viability statement (see page 97 of Annual Report 2021). Emerging risks In addition to principal risks, management pays particular attention to threats that could become significant over a certain time, known as emerging risks. The Group defines these as events that could meaningfully impact EVRAZ’ activities and results, but have a lower likelihood of materializing in the next three to five years. They include: • Climate-related issues. • Liabilities incurred due to environmental impairments. • Geopolitical instability. • Changes in technology. • Societal issues. • Demographic imbalance. Emerging risks may be transferred to the class of current risks depending on their circumstances and materialisation. Management works continuously to monitor and manage emerging risks and devise mitigation measures. The major part of the Group is based in the Russian Federation and is consequently exposed to the economic and political effects of the policies adopted by the Russian government. Worsening situation related to Ukraine has further increased the economic uncertainty and the risk of the imposition of sanctions. These conditions and future policy changes could affect the operations of the Group and the realisation and settlement of its assets and liabilities
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