Prosafe aims to find the right balance between risk and return. Prosafe will take on certain risks within its core competencies in order to create return, while the company will try to eliminate or minimize certain other risks.
Prosafe works with customers, suppliers and employees, making continuous improvements to its routines and procedures, to ensure that the services provided represent the best available in the industry.
In order to implement the company’s corporate strategy and achieve the long-term strategic targets, Prosafe has developed a risk management approach that can be separated into the following risk categories:
1) Strategic risk
2) Commercial risk
3) Operational risk
4) Compliance and legal risk
5) Financial risk
6) IT / Cyber security risk
Each risk category is evaluated in two phases:
- The risk identification phase
- The risk management phase