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Risk management and mitigation

Identifying and reviewing risks and opportunities

The Board has overall responsibility for the establishment and oversight of the risk management framework.

Risk management policies are established to identify and analyse the risks faced by Red Cross, to set appropriate risk appetite and controls, and to monitor risks and adherence to risk appetite.

Strategic and operational risks which have been identified are reviewed regularly to reflect external and internal conditions and the organisation’s activities, including the development of business continuity plans which were applied to provide continuity during COVID-19.

Through training and communication of our risk management framework and associated policies, Red Cross is continuing to develop an effective risk culture, in which all Red Cross people understand their roles and responsibilities.