LXFR 19.14 -0.34
21 Sep 2021  09 :35 :26
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Risk Management

Preventing and responding to risks through knowledge and management.

Luxfer has a comprehensive, enterprise-wide risk management program in place that assesses, monitors, and mitigates risks that arise in the course of business. Consistent with our leadership structure, management has the day-to-day responsibility for assessing and managing Company’s risk exposure, while the Board of Directors provides oversight in connection with those efforts.

The Board reviews and assesses any identified risks on a regular basis and manages such risks in accordance with Luxfer’s Enterprise Risk Management (“ERM”) process. Board meetings regularly include strategic overviews by the CEO and CFO describing the most significant issues and risks affecting the Company. Additionally, the Board is provided regular updates from business unit leaders, Luxfer’s General Counsel, and other functional business leaders.

The Company’s ERM process provides Luxfer with a common framework that ensures consistency in the identification, reporting, analytics, and management of key risks. This process helps us identify key risk factors, evaluate their likelihood and size, and manage the effectiveness of controls in place to mitigate the impact of identified risks or the likelihood of such risks occurring.

Below, you will find our Group Risk Management Policy which ensures that appropriate decisions involving risks are made in a timely fashion throughout the Company. Employees are expected to integrate the principles contained in this Policy into their job functions as a means to minimize the overall cost of risk and encourage a culture of commercial risk awareness.

 

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Our Business Units

Magnesium- At the Heart of Medical Innovation
Magnesium- At the Heart of Medical Innovation

Magnesium- At the Heart of Medical Innovation

Luxfer MEL Technologies' magnesium alloys are used in a broad range of applications and industries. In healthcare, our award-winning SynerMag bio-resorbable alloy is a new product that is used to help patients requiring short-term implantable devices.

We've Had Their Backs for 50 Years
We've Had Their Backs for 50 Years

We've Had Their Backs for 50 Years

Luxfer is the most trusted name for high-pressure gas cylinders worldwide from life-protecting use in public safety and healthcare to making our environment cleaner with CNG storage on vehicles and in specialty applications.

Zirconium- A Cleaner World
Zirconium- A Cleaner World

Zirconium- A Cleaner World

Luxfer MEL Technologies' high-purity zirconium-based materials are used in a broad range of industrial processes. Our ISOLUX free-flowing powder, removes heavy metals and other contaminants from drinking water by its unmatched adsorption performance.

Saving Lives
Saving Lives

Saving Lives

Luxfer Magtech is the global leader in flameless heating technology, magnesium products, and specialty powders. Our customers rely on us for innovative solutions for countermeasure flares, combat rations, chemical agent protection, and disaster relief.

Setting the Industry Standard
Setting the Industry Standard

Setting the Industry Standard

Luxfer Graphic Arts is a global leader in magnesium photo-engraving plates, engraving metals and etching chemicals. Customers worldwide rely on us for magnesium alloys in plate, sheet and coil form for light-weighting, dampening and forming applications.

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