Operational Risks
Production continuity at some of our
manufacturing facilities could be adversely affected in the event of
technical failure. Regular tests, maintenance programs, modernization,
and targeted investments contribute to counter this risk.
Also, stricter country-specific environmental regulations may challenge our ability to comply with the law at all times and result in fines or even shutdowns of our respective facilities. Similarly, risks related to the storage and handling of raw materials and products may cause damage to assets (e.g. fire) or even personal injuries.
Equipment to improve safety or environmental conditions is regularly evaluated and upgraded when necessary. Site security workshops, comprehensive guidelines, supporting systems, management reports, and audits contribute to the management and mitigation of these risks.
Moreover, Symrise aims not only to adhere to regulations, but proactively takes care of matters that could negatively impact its neighbors (e.g. noise, odor).
Symrise’s regulatory team closely follows the latest regulations, and makes sure compliance is maintained. For example, sometime ago, the company dedicated resources and started several projects to coordinate activities required to comply with the European REACH regulation (Registration, Evaluation, Authorization of Chemicals).
Symrise uses a number of IT systems for key business processes. To counter potential risks that could disrupt their functioning or stability and on top of technical precautions already in place, security enhancements and system updates are constantly being implemented. The IT services are supplied by an external party that has significant resources and the global expertise to manage any potential crisis.