A thorough understanding of risk allows us to make more informed and better decisions and thus deliver better business performance.
Diageo has a robust framework of internal controls and risk management, which we describe in detail in our annual report. Our structured approach to addressing social, environmental and economic impacts helps us manage risk more efficiently, strengthen our reputation and brands, avoid or reduce occurrences that could cause profit loss and build trust with stakeholders. Our ability to manage such impacts well today is crucial to our ability to thrive in the future.
Risk factors by impact area
Our annual report contains the full list of risk factors we consider to be material to the business. Here we list the risks we consider to be particularly relevant in terms of our sustainability and responsibility impacts. To find out more about how we are mitigating these risks, please click on the appropriate sections of the report.
Diageo risk factors related to sustainability and responsibility
Risk to the company was one of many indicators included in our materiality assessments to determine social and environmental priorities for the company. For more information, see determining our material impacts.