Britvic is committed to the highest standards of corporate governance set by the UK Corporate Governance Code 2018. Britvic applied the principles and complied with the provisions set out in the 2018 Code during the prior financial year.
We have an established risk management framework to identify, assess, mitigate and monitor the risks we face as a business and help deliver a balance between risk and opportunity. The risk management framework incorporates both a top-down approach to identify Britvic’s principal risks and a bottom-up approach to identify operational risks. The Executive team is responsible for identifying, managing and monitoring the principal risks. Similarly, all business units and functions are responsible for identifying and assessing their risks, both current and emerging, and measuring them against the defined criteria, considering the likelihood of occurrence and potential impact. This review includes an assessment of the movement in the risks, the strength of the controls relied upon and the status of the mitigation actions.