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 or compliance of activities. 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 and operational management, culture, and operations. The company continuously enhances integrating risk management as part of the management system, its tools, control systems, knowledge, and reporting practices to strengthen risk management efficiency and effectiveness. Regular risk assessments across business areas, global functions, and factories improve visibility into material risks and ensure that effective management and 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 efficiency and 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 and develops the enterprise risk management process and tools, and provides the needed support. The Fiskars Group Leadership Team assesses major risks within the Group, 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 processes deliver timely, sufficient, and accurate information for decision making to management and external stakeholders. 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 the most significant exposures.
Updated February 17, 2026