Risk management is an important part of the management system of Fazer Group. The Board of Directors approves the risk management policy of Fazer Group and monitors its compliance.

Risk management’s task is to support the implementation of the Group’s strategy and business targets, secure the recognition of risks affecting the company’s business, assess, monitor and anticipate threats and opportunities affecting business and secure the continuity of operations. The management of Business Areas, Business Units and Group functions is responsible for the identification and evaluation of the risks of their respective areas and for mitigating these risks as part of their operative activities. Financial risks are administered by Group Finance. The Group’s Chief Financial Officer is responsible for the management and development as well as reporting of risk management to Board and Audit Committee and also for supporting Business Areas, Business Units and Group functions in risk management.