Our ongoing focus on traditional Coca-Cola system risks, such as product quality, combined with a focus on newer topics such as climate change, TCFD reporting, ESG, cyber, and geopolitical changes create potential first-mover enables us to actively chase opportunities. When we take smart risks, we need to accept that things may not always work out as planned, and when this happens, we need to embrace failure and learn an important lesson: how to grow without repeating the error.advantages for us. Of priority is identifying and responding to climate change risks, both physical and transitional, to ensure that we understand and disclose mitigation plans, proposed investments and the metrics and targets used to assess and manage these climate-related risks and opportunities.By aligning risk to strategy, we can exploit valuable business insights. Supporting this are our strong response processes in crisis management and business continuity, which enable us in times of crisis, to find agile ways to make key moves early and then accelerate into the new realities.has a backup plan so we can quickly recover and learn from a failure. Poor risk is the opposite and can be unlawful and as integrity is a core value at CCBJI we will not take risks that are either unlawful or could be seen as unlawful.Together we are working together in an agile and innovative way to imbed resilience into our business.58Actively pursuing opportunities by empowering leadersThe world is changing at a lightning pace, creating complexities that carry uncertainty and opportunity, and to grow we need to be agile and innovative, creating an environment that encourages our people to take informed risks. Our growth mindset and empowerment of our leaders to take smart risks, Aligning risk to strategy to enable rapid response in times of crisisIn a business world subject to constant disruption, superior risk management, embedded across our business, creates a competitive advantage. Our Risk Management Group has created a holistic resilience framework, embraced by our people, focused on anticipating changes in our business environment and with identifying emerging threats. Fostering a culture in which we learn how to grow from failureMost importantly, with smart risk taking we acknowledge that we might fail, and this is okay if we learn from it. A smart risk is based on sound risk evaluation, an understanding of market sensitivities, and transparency. Transparency is a key pillar and involves stakeholder engagement, continuous communication, and seeking endorsement when required. A smart risk always
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