The purpose of this Risk Management Policy is to establish a consistent approach to identifying, assessing, managing and monitoring risk across the business. This policy ensures that all risks related to the energy industry,
including development, operational, financial and regulatory risks are appropriately managed to protect the company’s assets and stakeholders.
This policy applies to all employees, contractors, suppliers, and third parties involved in the operation of CWP Energy Ltd. It covers all types of risks,
including but not limited to, market risks, operational risks, regulatory compliance, health and safety risks and environmental risks.
• To identify and assess risks that could impact the achievement of the company’s objectives.
• To implement appropriate risk mitigation measures to reduce the likelihood and impact of risks.
• To ensure compliance with all relevant UK laws and regulations.
• To protect the company’s reputation, assets and stakeholders.
• To foster a risk aware culture across the business.
The adoption of preventative action in risk management for all its operational activities, through transparent and systematic procedures and processes, concerns all levels of the Company and employees. All employees are
responsible for identifying and reporting potential risks in their areas of work, must comply with the risk management policy and participate in risk management tasks as required.
Risk Management is a key component in the decision-making process whilst at the same time contributing to the continuous improvement and development of the business, and in this context the Company implements an integrated risk management system. This system supports Management in making strategic decisions by identifying, evaluating, communicating and dealing with corporate
risks. This involves identifying risks, assessing them and advising on mitigation measures available and thereafter ongoing monitoring of such risks and mitigation measures to ensure that the risk management process remains effective.
The Company will comply with all applicable UK laws, regulations, and industry standards. This includes health and safety regulations, environmental laws,
energy market regulations and data protection laws.