CONTENT ABOUT PENNY SUSTAINABILITY STRATEGY SUSTAINABILITY STEP BY STEP SUSTAINABLE ASSORTMENT ENERGY, CLIMATE AND RESOURCES EMPLOYEES AND SOCIETY REPORT ASSURANCE GRI & SASB INDEX IMPACT EXPLANATION The proper management of our businesses depends on identifying and managing risks and complying with applicable regulations. Our business cannot be successful if it does not comply with legal conditions and if we do not demonstrate resilience in the face of crises, which can only be anticipated and managed with effective risk management. At the same time, we cannot grow the business if we do not correctly identify the opportunities that we can address. HOWWE MANAGE THE IMPACT We apply the precautionary principle in our activity by implementing well-defined risk management, both for new services and products put on the market, as well as for current activity through constant risk re-evaluations. We allocate resources to properly identify andmanage all risks and complywith corporate requirements, applicable legal requirements, or specific stakeholder requirements. We manage risks by taking the following steps. z Identification – we consider political, economic, legal, social, technological, and environmental factors to identify risks and opportunities z Assessment – we analyse the causes and potential impact in detail and in a structured way z Aggregation – we classify and fit identified risks into different categories based on type, severity of impact, and relevance to our business z Addressing – we make plans and strategies to manage both risks and opportunities z Reduction – we manage risks through concrete actions to minimize negative impacts The general conditions, guidelines, and riskmanagement processes are uniform throughout the Group. Risks are managed by risk responsible employees, who identify, inventory, and report the risks identified within the activity. OUR IMPACT AND PERFORMANCE IN FIGURES In 2021, we conducted 57 hours of compliance-related training, attended by 239 employees, 128 of whom held management positions (42 percent more than the previous year). The training sessions are part of the compliance program and cover subjects like: z Compliance z Anti-corruption z Antifraud z GDPR z The right to competition In addition to these training sessions, there were also round tables on the topic of competition law. As we make every effort to meet legal compliance, there were no environmental litigation filed against our company during 2021. However, following the compliance checks carried out by the authorities on environmental protection issues, our company collected fines of 4 000 lei and we registered 4 non-financial sanctions. These situations are recorded for the entire year 2021, nationally, for all our company's locations. SUSTAINABILITY REPORT PENNY ROMANIA 2021 26/168
RkJQdWJsaXNoZXIy NTg3MTAy