The RSPO Risk Unit is responsible for:
- Managing, monitoring and assessing risks identified by the RSPO Secretariat in relation to RSPO Members;
- Facilitating the monitoring and evaluation of all risks to the RSPO Assurance System (e.g. allegation related to the RSPO Member operations);
- Developing an Enterprise Risk Management (ERM) within the RSPO Secretariat that will enhance risk processes and increase risk awareness through development of an ERM framework that will identify, assess, and prepare for potential losses, dangers, and other potentials for harm that may interfere with the RSPO’s mission, vision, values, operations and objectives.
What is considered a risk?
Effects of uncertainty (likelihood / probability and magnitude of effect) to the RSPO in achieving its mission and vision.
What types of risks are monitored?
The RSPO Risk Team monitors the following types of risks within the organisation and across all RSPO Members:
- Human Rights and Social;
- Environment; and
Who can identify a risk?
The RSPO Secretariat.
How is a risk identified?
The Secretariat formally notifies the Risk Unit and outlines the category of risk, and which key document(s) have been breached and/or indicates a breach with supporting documentation (if any).
What happens when a risk is identified?
Once a risk is identified, the RSPO Risk Unit:
- To perform risk management tasks (risk identification, assessment, evaluation, monitoring and reporting).
- Investigation/ summary of verification assessment
- Establishment of Enterprise Risk Management (ERM) for the RSPO Secretariat (in progress)