LXFR 8.52 +0.05
28 Nov 2023  19 :50 :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

High Performance and Lightweight Magnesium Alloys
High Performance and Lightweight Magnesium Alloys

High Performance and Lightweight Magnesium Alloys

Luxfer MEL Technologies' unique range of magnesium alloys enables; lighter, stronger, safer in addition to higher performance designs. Luxfer MEL Technologies is a world leader in the development and supply of high quality magnesium products.

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-Based Materials for a Cleaner World
Zirconium-Based Materials for a Cleaner World

Zirconium-Based Materials for a Cleaner World

Luxfer MEL Technologies' high-purity zirconium-based materials are used in a broad range of industrial processes. Our doped and undoped powders are used in materials science, chemistry and energy sectors around the world.

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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