Risk management

Development plans

In Grupa LOTOS, works are underway on the preparation of the IT tool which will support the corporate risk management system.

The tool currently applied helps to evaluate the risks and visualise them on a map. However, the new comprehensive tool will also allow the company to constantly monitor the levels of different risks, using pre-set Key Risk Indicators (KRI). To facilitate its functioning, the new tool will be integrated with other systems used by Grupa LOTOS (eg. with SAP) so as to enable it to gain direct access to and use data stored by them.

Also, the incident base for the entire Grupa LOTOS is being prepared, containing events which can influence different risks materialising, and highlight new risks, which have not been identified so far.