The Enterprise Risk Management (ERM) process is collaborative across Avient’s functions in order to identify Avient’s risks. Once risks are identified the likelihood of occurrence and potential impact of each risk is evaluated and assessed considering mitigating activity. The prioritized risks are reviewed annually with executive management to ensure our risk identification and responses remain upto- date, mitigation actions remain effective, and that new and emerging risks are considered. More information regarding risks is available in our Annual Report on Form 10-K.
Avient’s management presents the ERM analysis to Avient’s Board of Directors on an annual basis. Sustainability-related risks are included and evaluated as part of the ERM process, and address potential issues related to People, Products, Planet and Performance.
Brand Positioning & Market Intelligence
Consumer Sentiment Towards Plastics
Crisis & Incident Management
Environmental Social & Governance (ESG) Initiatives
Financial & Economic Risks
Health & Safety
Increasing & Changing Regulation
Intellectual Property Protection & Maintenance
IT systems and Integrations
Raw Material and Energy Availability & Supply Chain Disruptions
Talent Attraction, Development & Retention
Third Party Service Providers