Risk Management

102-15; 102-29; 102-30; 102-31

Identify. Prevent. Reduce. Control.

MRV

To arrange its supervision and control mechanisms and ensure compliance with policies, processes, and procedures in the scope of the organization’s operations, MRV&CO counts on the support of the Compliance and Risk Management and Internal Audit areas, which work as a line of defense to manage corporate risks

Risk management is integrated into the decision-making process and based on our Risk Management Policy, aligned to MRV’s movement to maintain sustainable pillars in its business while considering negative impacts and opportunities. ESG issues that can potentially impact the industry are addressed based on a specific methodology for dealing with strategic sustainability risks.

The risks arising from the business or the market in which MRV operates are identified and evaluated. Then, the approach to be adopted for each situation is defined based on its criticality and the organization’s risk appetite. We typically analyze the context, the risks, and the opportunities, as well as the relationship between the issue in question and our strategic direction, and this leads to risk qualification and quantification and a SWOT matrix to point out the best way to control each factor.