Risk Management

Risk management complying with the Risk Management Policy confirmed by the Board of Directors forms part of Pihlajalinna Group's control system. The purpose of risk management is to ensure that the risks related to the Company's business operations are identified, evaluated and monitored. The goals of risk management include ensuring the achievement of the set targets in business activities, profit performance and shareholder value as well as corporate responsibility and business continuity.

At Pihlajalinna Group, risk management is part of business management. The Group's Management Team assesses regularly risks, further defines risk reporting if needed and reports essential risks to the Board of Directors. The Board of Directors evaluates the appropriateness of risk management measures on an annual basis.

Risk reporting

The Company describes the major short-term risks and uncertainties related to its business operations in its interim reports and the Board of Directors' Report.