Frequency of highest governance body's review of economic, environmental and social impacts risks, and opportunities
The risk management system at Symrise is based on the framework of generally recognized standards (ISO 31000) and extends across all Group companies and business units. The coordination of the risk assessment is performed at the level of the Corporate Center within the Corporate Compliance department. Risk reports are drawn up for the individual companies and are then compiled into a current overview of the risk situation at the Group level. This Group risk report is passed on to the Executive Board and Supervisory Board twice a year. There, potential risks are identified and classified according to their effect on profits (net method) as well as the probability of their occurrence.