Risk Management

THC has set a long-term goal with stable and sustainable development to set up a “Risk Management Policy and Process,” all departments carry out the potential risk identification and evaluate the environmental, social, and corporate governance issues affecting the Company’s operations. All employees are responsible for comprehensive risk management to set up defenses through daily routines. THC has established a crisis management team to carry out appropriate actions and execute relevant plans in response to a risk loss that happens immediately, ensuring the survival of the Company and resuming production and business activities soon.

Risk Identification

Focus on the three major issues of environment (E), society (S), and corporate governance (G), THC identifies risks, including market, financial, operational, environmental, and others:

Topic	Risk Aspect	Item
Environment (E)	Environmental Risk	Climate Change Water resources& Wastewater management Greenhouse gas emission management Energy management Air pollution management Waste management
Society (S)	Operational Risk	Human Right Recruitment and Development Food safety risk Quality risk Occupational safety and health
	Market Risk	Horizontal competition FMCG boom International political and economic trends
	Other Risk	Infectious disease risk
Corporate Governance(G)	Operational Risk	Professional Ethics Regulatory compliance Information security Supply chain risk
Corporate Governance(G)	Financial Risk	Risk of Interest rate changes Risk of Foreign exchange Credit risk Risk in financial decision making

Risk Identification and Management Procedures

According to the materiality principle to evaluate the risks of each issue, relevant risk management strategies and implementation are as follows……Read more

For more information, please read Risk Management Chapter