Rotoplas performs physical risk assessment to its production plants

Compromised with understanding the risks and opportunities that come as a result from climate change, Rotoplas carried out physical risk assessment to 100% its production plants.

On one hand, quantitative studies were carried out to 10 of our 17 production plants, in order to determine physical risks in most of the countries we operate.

The whole quantitative study carried out in our plants which took into account: geographical information, construction of infrastructure information, operations description and Natural risk assessment (NatCat assessment). As a result the study enlists: risks detected, financial loss scenarios (with material damages), business interruptions, strengths and weaknesses.

On the other hand, a descriptive assessment was carried out to 7 of the 17 plants (the seven plants not assessed quantitatively). This evaluation was performed in accordance with the methodology undertaken in the quantitative study. This qualitative assessment took into account the historical physical events and its occurrence probability. This assessment was elaborated considering inputs from people that have been working in the 7 plants for more than 15 years, as they have a good notion on the physical context of the plants.

The quantitative and qualitative assessments are important to Rotoplas´ business strategy as they are the starting point for our risk assessment management plans including our Business Continuity Plan. As an additional result of our corporate resilience we implement corrective and preventive actions, we train key personnel and monitor extreme weather events. These groups of initiatives influence our extreme weather preparedness insurance policies we sign.

In the following document a summary table is presented where all of the risks assessed quantitatively and qualitatively, are presented.