Risk Management

Risk Management
Our Center of Excellence for Ecology serves as the focal point for our operations to manage, reduce and control environmental risks throughout our company. Within this framework, we have established an Enterprise Risk Management (ERM) system to manage existing and future risks, including strategic, operational, regulatory and economic risks related to all of our organization’s operations.
 
To ensure implementation of the risk management process, our Board of Directors appointed one of our senior executives as the Corporate Risk Manager, and assigned him responsibility for the Company’s environmental quality, safety, occupational health and security aspects. The Risk Manager reports to our CEO and to our Board of Directors on activities in these areas.
 
In addition, to address the precautionary principle regarding occupational safety, ICL applies proactive safety measures. All of our companies have implemented safety programs and comply with safety standards and requirements prescribed by local laws and international bodies. This is reflected in our ongoing investment in occupational safety and health, as well as in other projects designed to prevent accidents and health impacts. (See Safety & Health)