PotlatchDeltic: Risk Management
PotlatchDeltic utilizes an Enterprise Risk Management (ERM) framework to identify, assess, and mitigate significant risks facing the company, including those related to corporate responsibility. The Risk Committee, Audit Committee, and senior management play key roles in overseeing risks. Environmental issues and climate change are specifically addressed in the ERM process, with a focus on identifying, assessing, and mitigating related risks. The company is committed to enhancing its ERM framework to address emerging risks and opportunities.
PotlatchDeltic implements an Enterprise Risk Management (ERM) framework to effectively manage and mitigate risks, showcasing a proactive approach to risk management.
The company's focus on identifying, assessing, and mitigating risks related to environmental issues and climate change demonstrates a commitment to sustainability and corporate responsibility.
The involvement of the Audit Committee, Risk Committee, and senior management in overseeing risks highlights a robust corporate governance structure that prioritizes risk management.
PotlatchDeltic faces significant risks as outlined in its annual report on Form 10-K under Part I - Item 1A, which investors should carefully consider.
While the company emphasizes its efforts to identify and mitigate risks, there may be challenges in effectively addressing emerging or shifting risks and opportunities in a timely manner.
NORTHAMPTON, MA / ACCESSWIRE / May 3, 2024 / PotlatchDeltic:
PotlatchDeltic utilizes an Enterprise Risk Management (ERM) framework to identify, assess and mitigate significant risks facing the Company, including risks related to a range of corporate responsibility topics. The Audit Committee of the Board of Directors and senior management have primary responsibility for the oversight of risks facing the Company. Certain material risks facing our business are discussed in our annual report on Form 10-K under Part I - Item 1A. Risk Factors.
The Risk Committee, comprised of senior managers of the Company, conducts a risk assessment process, which includes evaluating the risk universe, emerging risks, and the risk attributes of likelihood, impact, velocity, and mitigation control strength. Risks are mapped into a matrix which identifies the significant risk areas for internal focus.
The Risk Committee Chair meets with the Audit Committee to discuss key inherent risks the ERM process has identified, current mitigation measures, and the resulting residual risks. This meeting also provides the Audit Committee an opportunity to share their key risk areas of concern. The full Board of Directors also reviews the results of the ERM process. As business leaders prepare their strategic plans for the year, they incorporate risks and mitigation measures into their plans, as appropriate.
Specific risks related to environmental issues and climate change are identified, assessed, and mitigated where feasible as part of our ERM process. In addition, our Environmental Management System (EMS) and Corporate Responsibility review, which are conducted annually at the business unit level, evaluate business risks and opportunities, including climate-related risks and opportunities.
The Corporate Responsibility Management Committee identifies and reviews climate-related risks across our business units and prioritizes them based on environmental and financial impact. PotlatchDeltic will continue to enhance its ERM framework for our businesses to identify and seek to mitigate emerging or shifting risks and opportunities.
Forward-Looking Statements
This release contains certain forward-looking statements within the meaning of the federal securities laws. Words such as "annually," "continue," "opportunity," "plans," "seek," "will," and similar expressions are intended to identify such forward-looking statements. These statements reflect management's views of future events based on assumptions and are therefore subject to known and unknown risks, uncertainties, and other factors, and are not guarantees of future conduct, results, or policies. Please view the Cautionary Statement Regarding Forward-Looking Information on page 134 of PotlatchDeltic's 2022 ESG Report.
View additional multimedia and more ESG storytelling from PotlatchDeltic on 3blmedia.com.
Contact Info:
Spokesperson: PotlatchDeltic
Website: https://www.3blmedia.com/profiles/potlatchdeltic
Email: info@3blmedia.com
SOURCE: PotlatchDeltic
View the original press release on accesswire.com
FAQ
<p>What risk management framework does PotlatchDeltic utilize?</p>
PotlatchDeltic utilizes an Enterprise Risk Management (ERM) framework to identify, assess, and mitigate significant risks facing the company.
<p>How does PotlatchDeltic address risks related to environmental issues and climate change?</p>
PotlatchDeltic identifies, assesses, and mitigates specific risks related to environmental issues and climate change as part of its ERM process.
<p>Who is responsible for overseeing risks at PotlatchDeltic?</p>
The Audit Committee of the Board of Directors and senior management have primary responsibility for overseeing risks at PotlatchDeltic.
<p>How does PotlatchDeltic incorporate risks into its strategic plans?</p>
Business leaders at PotlatchDeltic incorporate risks and mitigation measures into their strategic plans for the year.
<p>What is the focus of the Risk Committee at PotlatchDeltic?</p>
The Risk Committee conducts a risk assessment process, evaluates the risk universe, and identifies significant risk areas for internal focus.
