IMPLEMENTATION OF INTEGRATED RISK MANAGEMENT
COMMITMENTS AND POLICIES
PT Pupuk Indonesia Niaga has a vision "To become a company that has sustainable competitive advantage in the business of trading goods and services.", by carrying out business activities in the fields of Trade, agency, and other industrial fields that are competitive in the national market. As a form of the Company's concern for sustainable development where the growth of the Company's activities continues to pay attention to risk, the Company is committed:
- Implementing integrated Risk Management (Enterprise Risk Management) which is part of the implementation of Good Corporate Governance (Good Corporate Governance) to achieve the Company's goals and objectives in accordance with applicable laws and regulations.
- Enhance risk-aware culture in every work process activity so that it becomes an integrated part of all Company business practices and decision-making.
- Making risk management the basis for risk-based budgeting (Risk Based Budgeting) to achieve effective and efficient realization of business processes that are aligned with the Company's goals and strategies.
- Make the results of identification, analysis, evaluation, and handling of risks the basis for inspection and supervision (risk based audit) as well as strategic decision-making, innovation and investment in order to improve the Company's performance.
- Manage risks in all work units, report the realization of risk control and handling (mitigation) periodically and inform risk events that cause losses to the Company as a review material for the process of improving the Risk Management System according to accountability and responsibility on an ongoing basis.
- Provide adequate resources to improve the overall and sustainable performance of the Risk Management System to achieve the goals and objectives of this policy.
RISK MANAGEMENT
Risk management in the Company is carried out in a systematic, structured and integrated manner. To further optimize the risk management process, at the direction of the Shareholders PT Pupuk Indonesia Niaga uses a system from Pupuk Indonesia, namely Pupuk Indonesia Risk Management Application (PRISMA). PRISMA is a means of conducting the process of identifying, analyzing, and evaluating risks.Risk Control Self Assessment/RCSA) based on information technology. PRISMA also serves as a dashboard for Company Management to monitor risk management in Pupuk Indonesia Group and to support decision making.
EXTRAORDINARY EVENTS FORM (LOSS EVENT DATABASE)
The company has a system for reporting extraordinary events including: risk events that have become problems and catastrophic events (force majeur) that can cause losses to the company. For the owner of the risk (risk owner) who want to report extraordinary events that occur in their work unit can directly fill in the following link.
https://forms.gle/xVdyjzpKBELXMNvDA
By reporting extraordinary events (Loss Event Database)You are helping to create a risk-aware culture within the Company.
