Impeding the normal operation of the processes

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impeding the normal operation of the processes concerned. Toguard against this risk, the Group puts in place a decentralizedarchitecture to avoid risk propagation. Supported by itsnetwork of IT security managers, the Group continues toimplement a full set of measures to protect its sensitive data aswell as business continuity plans at each Group company.This sensitive data includes personal information, notably thatof our customers and employees, which requires very specificprotection procedures. The Group has thus developed goodgovernance tools intended for use by all Group companies,including guidelines for online marketing and the protection of data.3.1.10. Industrial, environmentaland climate risksA detailed presentation of the Group’s environmental riskfactors and of the measures taken to ensure compliance by itsbusiness activities with legal and regulatory provisions isprovided in the “Effects of operations on the environment”section of the “Management report of the Board of DirectorsWorkforce, Environmental and Social report”.In Wines and Spirits, production activities depend on weatherconditions before the grape harvest. Champagne growers andmerchants have set up a mechanism in order to cope with variableharvests, which involves stockpiling wines in a qualitative reserve.In the context of its production and storage activities, the Groupis exposed to the occurrence of losses such as fires, waterdamage, or natural disasters.To identify, analyze and provide protection against industrialand environmental risks, the Group relies on a combination ofindependent experts and qualified professionals from variousGroup companies, in particular safety, quality and environmentalmanagers.Protecting the Group’s assets is part of an industrial riskprevention policy that meets the highest safety standards (FM-Global and NFPA fire safety standards). Working with itsinsurers, the Group has adopted HPR (Highly Protected Risk)standards, the objective of which is to significantly reduce firerisk and associated operating losses. Continuous improvementin the quality of risk prevention is an important factor taken intoaccount by insurers in evaluating these risks and, accordingly,in the granting of comprehensive coverage at competitive rates.Management report of the Board of DirectorsChristian Dior groupAnnual Report as of June 30, 201620
The Group has a dynamic global risk management policy basedprimarily on the following:• systematic identification and documentation of risks;• risk prevention and mitigation procedures for both humanrisk and industrial assets;• implementation of international contingency plans;• a comprehensive risk financing program to limit the consequencesof major events on the Group’s financial position;• optimization and coordination of global “master” insuranceprograms.

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