For the Budimex Group, a significant category of business risk is a potential lack of compliance of conducted activities with environmental protection law, administrative decisions or social expectations in this area. Its materialisation could have direct effect on both business continuity and financial result. These can include:
- financial sanctions,
- suspension or delay in works,
- protests by residents and/or environmental organisations,
- loss of reputation as a desired contractor of construction works.
In the long-term perspective, the risks arising from the climate crisis are of particular importance. The Budimex Group must take into account in its risk model the issue of their business model's resilience to climate change and related financial burdens imposed on emitters of greenhouse gases.
Prior to the commencement of each investment project, it is assessed in terms of environmental risks and their minimisation. This is done through the Questionnaire of Environmental Requirements and Aspects filled in by the construction manager and contract manager. Then the risk exposure is analysed, and the final result of the process is the development of an Environmental Task Plan for Construction implemented into the Safety and Health Protection Plan.
The sum of risks at all construction sites is calculated using the MARS tool. Mitigation measures are developed each year for the highest risk aspects.
In the risk assessment process, Budimex Group takes into account the following environmental aspects:
|interaction with the construction site environment
|use of land and soil
|emission of pollutants into the air
|emission of vibrations and noise
|use of raw materials and materials
|use of hazardous substances
|impact on biodiversity