We consider a range of insights on the external context when evaluating appropriate actions to take on key sustainability issues in our businesses and functions. We include business unit and companywide risk assessments identified by our Sustainable Development Scorecard or similar tools. When risks are identified, additional assessment may be needed to develop appropriate mitigation actions. Work on an issue may begin with improving our understanding of the issue, developing measurements of key data, or assessing risks and opportunities. Risks and opportunities are prioritized using a risk matrix approach. Identified risks are evaluated based on their severity level and the likelihood of occurrence. In evaluating the severity level, we consider the impact on employee and public safety, the socio-cultural economic impact to stakeholders, the environmental impact, the impact on industrial hygiene, and financial implications. The company develops strategies and specific action plans to address priority issues. The planning process is designed to prompt appropriate action for adapting to a range of possible future scenarios.
We incorporate sustainability into our supply chain and engage with our suppliers on sustainable development and social responsibility. We also set expectations for suppliers.
Our forward-looking goals and commitments on key issues are contained in the action plans. Our action plan framework takes a complete management system approach to driving performance.