IBERSOL Sustainability Report 2018

CORPORATE PROFILE Occupational Health and Safety The Labour and Legal-Employment Relations Department is respon- sible for managing the processes related to labour risks to which employees may be exposed and for fostering well-being at work. The risks of accidents at work or occupational diseases occurring are managed using the following programmes and measures: • Risk assessment in the workplace and inquiry into accidents at work; • Information and employee survey on occupational risks and daily preventive measures which should be adopted to prevent incidents; • Training on safety principles and health promotion during employee induction, recertification and the assignment of new roles; • Implementation of self-protection measures in all units; • Health promotion and safety best practices awareness and recogni- tion programmes; • Audit programmes to monitor on-the-job principles and practices. Financial It is incumbent upon the Finance Department to manage the various financial risks to which the Group is naturally exposed, and that are inherent to the unpredictability of the markets, namely foreign ex- change risk, interest rate risk, credit risk, liquidity risk and capital risk. The efforts made by the Finance Department aim at minimising the adverse effects of these potential risks. Foreign exchange risk In this regard, the Ibersol group follows a natural hedge policy, ob- taining financing in local currency. Given that we operate essentially in the Iberian market, bank loans are mostly in euros and purchase volumes, outside of the euro area, do not have a significant weight. Our main source of exposure stems from investment in the Ango- lan operation, outside the euro operating area, which is still small in size and losing weight within the Group’s activity. The imbalances in the Angolan economy are causing a shortage of foreign currency in Angola and, therefore, the devaluation of the Kwanza is a risk to be 24