Page 35 - Xperien ESG Report 2022

Xperien.com

Risk Management

We have a strong risk management framework that is designed to address strategic, financial, operational and compliance risks to
enable us to reach our business goals.

We practice due diligence prior to inducting new suppliers and service providers for our processes and products.

Macroeconomic & Microeconomic Risks Business Environment Risks

Market volatility and the strength of our local currency (Rand) Subcontractor performance plays a role in our business’
present a risk to the cost of doing business locally. Inflationary efficiency. Inferior subcontractor product and service delivery is
pressures on procurement created by global crises pose a risk we minimise through stringent contractor vetting criteria
further risks. A shortage of local supplies may create production that tracks and manages contractor performance over a range
challenges and imported goods are less profitable. Taking these of metrics.
risks into careful consideration, we use analytics to guide us in
building up stock to ensure we mitigate supply chain risks. Despite the COVID-19 pandemic, business continuity was
successfully maintained during the reporting period. Strategic
sourcing initiatives were implemented to diversify the supplier
base and reduce supply chain risk.
Cyber Security Risks
Xperien has implemented systems and processes to mitigate
any potential data loss risks. We have not been exposed to any
At Xperien, we mitigate cyberattack risks by moving our data data breaches.
to the cloud. Furthermore, our most important proprietary
information is placed under military-grade encryption. As a
Health Risks
result of rising cybercrimes, we also deploy the use of antivirus
and anti-malware software that protect us from security risks.
Our goal in 2022 was maintaining and protecting our workers’
health by implemented various strategies to mitigate health risks
and reduce the risk of contracting COVID-19.

We have established a monthly health clinic where employees
can receive flu vaccinations as well as interact with medical
experts and nutritionists. In addition, we have employed extra
cleaning staff to enhance hygiene.
High uptake of COVID-19 vaccinations by our staff ensured that
COVID-19 had minimal impact on our staff during the reporting
period.

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