Page 33 - Minerva Foods | Annual Report 2017

were created in previous years to reduce or mitigate environmental impacts and significant risks were implemented, considerably lessening environmental impacts and occupational health and safety risks at each of the units.
In relation to market risks, particularly varia- tions in the exchange rate, interest rates, credit rates and cattle prices, the Company maintains high standards of governance and transparen- cy and, through an assertive and appropriate strategy, factors that could affect operations are managed, administrating possible impacts and risks. To do this, a culture of making decisions based on consistent information was developed, adopting internal tools and policies for daily monitoring of data that underlie strategy – as well as the correction of any problems. Amidst
See the GRI Appendix for measures adopted in relation to risks, according to the two management models applied: the Value at Risk (VaR) statistical calculation system and a system of calculating impacts,
with application of stress scenarios.
“Today, we are reaping the fruit of the entire trajectory we have implemented over the last
25 years.”
Adriana
Pedrosa
Corporate Financial Operations Manager
the political and economic adversities of 2017 in Brazil, notable for instability in the sector, the risk management policy remained focused on the core business of beef and on enhancing the areas of distribution and sales. Structurally, the Company has a Risk Committee, which is responsible for assisting the Executive Board and Board of Directors in implementing ac- tions to mitigate risk factors. These factors are constantly analyzed, with non-stop monitor- ing of changes to the macroeconomic and in- dustry scenarios capable of influencing activ- ities. In addition to these resources, Minerva made history by creating the Beef Desk, a risk management tool.
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