• Conciseness
• Stakeholder relationships

Key observations:

This section of the Fresnillo report provides an informative overview of the company’s approach to risk management, including a diagram that highlights the company’s top-down, bottom-up approach.

Disclosure of Fresnillo’s risk management system on page 43 highlights recent improvements made, including the implementation of software to automate assessment of risks in all business units.  Additionally, the company’s 2014 annual risk assessment is accompanied by a risk heat map, which shows the potential impact and likelihood of occurrence of the company’s principal risks. The heat map also indicates year-over-year changes in risk, allowing the reader to easily see trends.