Page 19 - Paragon ID

RELEVANT RISKS identified, presented and considered by the Board of Directors
in the meeting held on 28th March 2023, are listed below and divided into three categories:
Categories
Themes
Risks
Stakeholders
Severity*
Page
Ethics
Social
Environment
22
24
23
28
30
38
41
42
43
risk assessment
Clients, employees,
partners, shareholders 25
Employees, shareholders 32
Employees, society, 34 shareholders
Society 39
Clients, society, 45 shareholders
Society 44
Society 44
Combatting corruption and tax evasion
Business ethics
Initiatives promoting human rights
Health and safety
Employment
Environmental policy
Pollution
Pollution
Circular economy - Waste prevention and management
Risk of corruption
Risk of non-compliance (active and passive corruption) for contracts
for which the company works alongside intermediaries and institutions
Risk of failure to respect human rights
Risks related to workplace accidents and work-related illnesses (frequency, severity)
Risk of a high level of staff turnover
Failure to guarantee compliance with regulations aimed at reducing our environmental impact
Failure to responsibly manage waste and emissions of pollutants which could lead to production stoppages
Medium to long-term ban on PVC
Increase in waste generated by a % higher than the increase in our sales turnover
Clients, employees, partners, shareholders
Clients, employees, partners, shareholders
Clients, employees, partners, shareholders
Employees, shareholders
Employees, shareholders
Clients, employees, society, shareholders
Society
Clients, society
Society
2/10
2/10
2/10
4/10
4/10
4/10
2/10
2/10
2/10
* The severity level, up to a maximum value of 10, is calculated by multiplying the progress factor of the action plan to reduce the risk in question by the
level after drafting the action plan. This result is then multiplied by the estimated likelihood of occurrence of the risk after completion of the action plan.
Paragon ID has also identified CHALLENGES, which are also discussed in this document:
Categories
Themes
Challenges
Stakeholders
Page
Ethics
Social
Environment
Combatting corruption and tax evasion
Social relationships
Equal opportunities
Climate change
Climate change
Circular economy - Sustainable use of resources
Protecting biodiversity
Tax evasion and compliance with the purchasing charter by our suppliers
Promoting social dialogue
and well-being in the workplace
Combatting all forms of discrimination
Rising temperature and natural disasters
Financial impact of climate change
Sustainable use of resources
Protecting biodiversity
In parallel to risks and challenges, Paragon ID drives innovation and eco-design INITIATIVES:
Categories
Themes
Stakeholders
Page
Innovation
and eco-design
Meeting stakeholder expectations Developing innovative solutions Investing in the industry of the future
Clients, partners, employees, 47 society, shareholders
Clients, society, shareholders 47
Clients, employees, 49 society, shareholders
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