Respecting Human Rights
We are committed to respecting all human rights , as articulated in the Universal Declaration of Human Rights , the International Covenant on Civil and Political Rights , the International Covenant on Economic , Social and Cultural Rights and the International Labor Organization ’ s ( ILO ) Declaration on Fundamental Principles and Rights at Work .
Our Human Rights Policy applies to all TRC employees , contractors , subcontractors , vendors , suppliers , partners and others through whom we conduct business .
MANAGING RISK
TRC ’ s Chief Risk Officer oversees the Company ’ s risk management processes and practices that impact the strategic direction of the Company . Our risk management program is comprehensive in nature and enables us to identify sources of risk , establish the desired level of risk , and then develop opportunities to mitigate those risks in alignment with our strategic objectives .
We strive for a defensively biased risk posture striking an appropriate balance between risk and opportunity to ensure that we maintain the appropriate risk-reward culture . We routinely apply these principles during our project selection and review processes , which helps us to communicate how managing risk is a strategic tool across all levels of the organization . We believe that emphasizing communication and clear accountability for risk throughout the organization has served to significantly improve the effectiveness of our risk management , particularly the high level of focus and resources we employ throughout Operations and the Corporate Safety , Cyber / IT , Finance , Sustainability , and Legal functions .
“ The word ‘ risk ’ often carries with it a negative connotation . However , if managed properly , risk can present an opportunity for success that sets us apart from other firms that do not value or apply the same level of rigor on managing risk .
All projects across our organization are reviewed by management personnel having increasing levels of authority based upon not only the dollar value of the project , but also the presence of various risk factors such as health and safety , cyber or financial-based exposures . TRC strives to create a risk aware culture that evaluates and then mitigates risk on a forward-looking basis , as well as through lessons learned shared across our safety and quality networks . Our approach to managing risk is proactive in nature , one that seeks to identify potential issues up-front and mitigate them rather than after-the-fact in a reactive way . We believe that this approach better insulates TRC and our clients from risk-related exposure and reduces the number of nearmisses across our organization .”
Marc S . Faecher , Esq ., Chief Risk Officer
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