Eviosys is now part of Sonoco
At present, risk assessment and management at Eviosys are divided into two broad areas
Risk Assessment and Management Process
The current risk management process at Eviosys entails the quantification of identified potential risks to business units and corporate divisions. The potential for business disruptions that could result at inter-dependent sites from specific risks is modelled through a “what if” scenario process. Through an approach of risk engineering Eviosys identifies hazards at specific sites, and assesses and addresses what these may imply for infrastructure and operating needs, such as roofing, drainage systems, etc.
The following step is to measure and quantify the impact that such disruptions could have on Eviosys’ operations and results. The goal of this process is to minimise the potential impact of risk by ensuring that each plant has a business continuity plan (BCP) developed to address its specific risks. The company’s Internal Audit department monitors BCPs across Eviosys.
Specific priority risks, such as fire risk, are considered for capex allocation. The risk of flooding at plants also comprises a priority area that is addressed through specific BCPs. Eviosys complies with Facility Management (FM) global standards in the risk management processes at all of its plants.
Management of risks related to Climate Change
Climate risk at Eviosys encompasses two broad areas:
1) operating risks tied to the environment; and 2) risks tied to the reduction of GHG emissions, both at the company level and across the supply chain. Risks tied to GHG emissions are covered in greater detail in the Environment section of this report.
Eviosys conducts specific modelling on how climate change might impact the company, including earthquake risk modeling, and risks tied to extreme weather events in key markets or at manufacturing sites. Eviosys also models its commercial risk as it relates to climate change, particularly as it might be affected by seasonality and the impact of changing weather patterns on agro-industry companies (the downstream portion of Eviosys’ value chain).
Eviosys also aims to limit health risks that are on the increase as global temperatures rise. For example, the company has painted factory roofs in technicallyoptimised and precise light colors to refract sun rays and maintain temperatures constant in plants and other working environments. Water cooling systems and thermic isolation have also been added or adapted in some plants in warmer geographies such as southern Europe and North Africa.
