CONTENT ABOUT PENNY SUSTAINABILITY STRATEGY SUSTAINABILITY STEP BY STEP SUSTAINABLE ASSORTMENT ENERGY, CLIMATE AND RESOURCES EMPLOYEES AND SOCIETY REPORT ASSURANCE GRI & SASB INDEX Risk Management & Compliance ECONOMIC SOCIAL ENVIRONMENTAL Inefficiently managed risks and non-compliance with legal obligations can negatively impact the activity of our company through pecuniary sanctions, damage to the image of the brand and reputation. These impacts can result in reduced income or interruption of activity. On the other hand, correct risk management can result in the identification of business opportunities, which can lead to the growth of our business. Incorrect risk management and non-identification of risks can harm the social component by causing redundancy or degrading employeewell-being. This negative impact can spread to the areas in which we operate, hurting employee families and lowering the standard of living in the community as a result of job losses. Inefficient risk management and the lack of legal compliance can bring negative impacts on the environment in the event of not correctly identifying certain categories of operational risks, the absence of a management plan for these risks, or noncompliance with the legislative conditions in force. These situations can lead to exceeding the quality limits of environmental factors. As a consequence, these situations lead to fugitive emissions that can have a potential negative impact on the environment. SUSTAINABILITY REPORT PENNY ROMANIA 2021 24/168
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