102-20 Executive-level responsibility for economic, environmental, and social topics
Clariant’s Executive Committee, superior to the Sustainability Council, provides the guidelines for sustainable management and the corresponding control whilst the relevant templates come from the respective departments. The members of the Board of Directors and especially the Executive Committee have extensive expertise in economic, ecological, and social issues. In order to be kept up-to-date about current trends and developments to the aforementioned issues, their members collect information regularly from the responsible corporate functions and business units or they participate in appropriate events. »Enterprise Risk Management« (ERM) is a tool initiated by the Executive Committee to identify, evaluate, and manage risks to the company’s business operations or risks that will impact the achievement of the company's objectives (including environmental). A successful and sustainable business also depends on the recognition of possible risks and how they can be best avoided, mitigated, or limited.