Risk management
The objective of Fiskars Group’s risk management is to identify, assess, manage and monitor risks that could threaten the achievement of the company’s business goals and commitments. This includes protecting personnel and assets, ensuring the uninterrupted delivery of safe and high-quality products to customers, and safeguarding Fiskars Group’s reputation, brands, and shareholder value.
Risk management is an integral part of Fiskars Group’s strategic management, culture, and operations. The company continuously enhances its tools, control systems, training, and reporting practices to strengthen risk management capabilities. Regular risk assessments across business areas, global functions, and factories improve visibility into material risks and ensure effective controls are in place. These assessments also help identify opportunities that contribute to business growth.
Fiskars Group’s Risk Management Policy provides comprehensive guidelines for managing risks across the organization. A key component of this policy is the risk appetite statement, which defines the level and type of risks the company is willing to accept. The policy is approved by the Board of Directors, and the Board’s Audit Committee regularly evaluates the effectiveness of Fiskars Group’s risk management systems.
Responsibility for risk identification, assessment, managing and monitoring lies with the business areas and global functions. The Risk Management function facilitates the enterprise risk management process and provides the needed support. The Fiskars Group Leadership Team assesses major risks within the company in a separate process, and these assessments are incorporated into risk information from business areas and global functions. Cross-functional collaboration is used to develop action plans to mitigate the financial impact and probability of the most significant risks, which are then presented to the Audit Committee for review.
Risk management also ensures that financial reporting processes deliver timely, sufficient, and accurate information to management and external stakeholders. This ensures the reliability of the financial information published by Fiskars Group. Further details on risks and uncertainties related to Fiskars Group’s business can be found in the Report by the Board of Directors.
To address unexpected and unforeseen events, Fiskars Group maintains comprehensive insurance policies. These provide coverage for property damage, business interruption, transportation risks, various liabilities, and cyber risks, ensuring protection against critical exposures.
Updated December 22, 2025