Raport sustenabilitate

SUSTAINABILITY REPORT PENNY ROMANIA 2020 24/132 The opportunities and risks are country specific. As such, we have included mandatory provisions that foresee the risks which were identified as significant, and might have a material impact, to be reported in a timely and direct manner to the management. We regularly assess the risks taking into account existing or realistically foreseeable circumstances. REWE Group has defined core values, rules of conduct, the Guide for Sustainable Economy, as well as various guidelines specific to rawmaterials, to anchor responsible action in the organization and, further, in the supply chains applied in Romania. REWE Group implements a uniform risk management process through self-assessment. The objective of the self-assessment is to identify, assess and manage risks, focusing on the "antitrust" and "corruption" components, as well as other compliance risks and for the continuous improvement of the compliance program. Compliance risks are identified and assessed using the Risk to chance "R2C" software tool. Compliance risks are defined as business risks, the impact of which is not only monetary and / or reputation, but also legal, which can take the form of criminal and / or administrative offenses. There is no materiality threshold for compliance risks and therefore they must always be identified, assessed, remedied or managed. In 2020, following the annual risk assessment procedure, 46 risks related to operations in Romania were identified, one of which is related to sustainability issues and their communication, which can be misinterpreted. In 2020, PENNY was involved in a single incident related to corruption, but not confirmed, following the investigations. In the context of 2020, all the operational risks identified in the pandemic context were addressed quickly and very carefully, according to the procedures of REWE Group, and the solutions were calibrated taking into account the local implications and the local need for intervention. We recount information on specific pandemic risk management in the following chapters. Identify Evaluate Aggregate Address Decrease We identify risks and opportunities considering the political, economic, social, technological, legal, environmental factors. We evaluate the causes and the potential impact considering very well delimited and agreed criteria at internal level. We aggregate according to the type of risk and the severity of the impact. We classify risks according to relevance and impact. We address the opportunities. We find solutions to reduce the potential impact. PENNY - A SUSTAINABLE BUSINESS MODEL | SUSTAINABILITY STRATEGY | SUSTAINABLE ASSORTMENT | ENERGY, CLIMATE AND RESOURCES | EMPLOYEES AND SOCIETY | ABOUT THE REPORT | GRI INDEX