Risk Management Policy

3.1 Our risk management culture will be formed on the basis of:

• • Establishing and maintaining a risk management framework across the business that supports AS/NZS ISO 31000:2009 Risk Management Principles and Guidelines and legislative compliance
  • Ensuring that material risks are identified and objectively assessed and where possible action effective controls to reduce residual risk
  • Continually reviewing, assessing and reporting identified risks
  • Identifying and implementing a risk management system across the business and ensuring personnel and contractors are aware and trained accordingly
  • Complying with all applicable laws, regulations, license obligations and internal policies as a minimum
  • Investigating and implementing a crisis management system across the business
  • Employing risk management techniques as a fundamental part of our routine decision making processes
  • Integrating risk management into business

3.2 Evolution is committed to maintaining best practice risk management systems through:

• • Application of consistent risk management practices to all levels and facets of our business
  • Continual review, assessment and application of effective risk mitigation strategies
  • Employing risk management techniques as a fundamental part of routine decision making processes
  • Integrating risk management processes to mitigate risks associated with all business and operational activities.

Risk management processes shall be standard across the Company to facilitate a consistent approach and manage change effectively.