FINANCIAL REVIEW
RISK TREND
INFORMATION TECHNOLOGY -
SYSTEMS AND CYBER RISK
Risk Events
� Various cyber-related attempts (especially phishing) within the
Senwes Group.
Description
The company relies heavily on technology and innovative system
developments. The main risks relate to archiving, capacity, data integrity,
relevance, integration and adaptability.
Mitigation and Control
An IT-strategy and management committee is in place and formal
change, project and integration management is applied. Furthermore,
extensive business and IT-disaster recovery processes have
been established. Continuous focus is placed on IT-governance and
improving the maturity of systems.
Opportunities
� Continuous internal system development to ensure that
clients are serviced in a cost-effective and efficient manner.
In addition, system development could be structured
in a manner which ensures long-term sustainability,
strengthens cyber security and data integrity, enables
effective integration and ensures effortless adaptability
aligned with the group’s strategic evolution.
Strategic focus areas triggered
� Reorganisation of business models.
� Unlocking value synergies.
For more info on the group strategy see p. 44
RISK TREND
URBANISATION, SCARCITY AND
RETENTION OF SKILLS RISK
Risk Events
� Certain areas of high employee turnover and scarcity of certain
skills within the diverse operating area of the group.
Description
The group is exposed to rural and/or agricultural areas, not only
with regards to business operations, but also with regards to the
scarcity of necessary skills in these areas.
The recruitment and retention of right-fit employees are challenges
in the industry and for Senwes. The rural operating areas of Senwes
add to the risk exposure.
Mitigation and Control
Our integrated skills development framework guides proportionate,
yet balanced, investment in various skills development categories
across all levels of the organisation. The framework sets clear guidelines
for employees to acquire the full spectrum of training, ranging
Opportunities
� Optimisation of skills development and retention programmes
as well as succession planning strategies.
� Define, develop and sell a working environment which
balances the key attractive factors of urbanisation with
the benefits of living in rural areas.
Strategic focus areas triggered
� Diversification, horizontal integration and consolidation.
� Reorganisation of business models.
� Unlocking value synergies.
� Increased investment in efficiencies within the value chain.
� Externalisation.
For more info on the group strategy see p. 44
from technical to job-specific skills, without neglecting the need for
personal growth, people skills and leadership development.
SENWES INTEGRATED REPORT 2020
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