Risks and risk management
Castellum works continually, in a structured manner, to identify and actively monitor financial and operational risks that our operations encounter or are faced with. The Group conducts risk management in a structured manner, based on careful analyses and documentation for decisions, for the purpose of limiting uncertainties and risks where we intend to create growth and shareholder value.
Castellum conducts an annual risk survey in which all the company’s risks are assessed based on likelihood, impact, priority and development. A weighing of the likelihood and impact then becomes our risk assessment. Short- and medium-term risks are analysed for a period of up to ten years. Over the last several years, Castellum has also worked on analysing various future climate-related risks and possibilities over the long term up through 2050. To facilitate risk management, Castellum has chosen to classify risks into the following categories:
Risks due to the influence of external factors and events, and risk associated with laws and regulations.
Risks associated with routine administration of Castellum’s properties.
Risks in Castellum’s financing and reporting.
Risks associated with the environment, social responsibility and/or responsibility risks, but also our employees and the people in and around our properties.