Risk Management
The Company's Risk Management System is designed as a comprehensive control framework to identify, measure, monitor, and respond to risks that could potentially disrupt operational stability, strategic achievement, and sustainable financial performance. Through a cross-functional risk mapping approach, this system integrates strategic, operational, financial, and compliance risk analysis into all stages of the business process, from planning and work program execution to performance evaluation. The Risk Management function oversees the consistent implementation of mitigation policies, develops adaptive assessment methodologies, and ensures that every managerial decision considers risk exposures and potential opportunities arising from changes in the business environment.
By strengthening sustainable risk governance, the Company not only maintains its integrity and value but also builds structural resilience and strategic flexibility in the face of market volatility, regulatory dynamics, and future competitive challenges.
Risk Management Organizational Structure
To identify, measure, monitor, and manage key risks in the implementation of operational activities, the Company implements a comprehensive risk management system in accordance with the Regulation of the Minister of State-Owned Enterprises Number PER-2/MBU/03/2023 concerning Guidelines for Governance and Significant Corporate Activities of State-Owned Enterprises. In its implementation, the Company has established the Risk Management and QHSE Division under the supervision of the Board of Directors.
The Risk Management and QHSE Division has the primary function of implementing, developing, and assessing an integrated Risk Management and QHSE system across all functions of the Company, in alignment with WIKA’s vision and mission, while ensuring the effectiveness of risk control, quality, occupational health and safety, and environmental management to support the achievement of the Company’s performance and business sustainability. The organizational structure supporting the implementation of the Risk Management System is as follows:
Risk Management Certification
In order to support the risk management control, the personin charge of risk management function at each level already possessed the Risk Management Certification CRMO (Certified Risk Management Officer), CRMP (Certified Risk Management Professional) and CRGP (Certified Risk Governance Professional) specifically at the BOD - 1 level.
Sertifikat A
The Risk Management Certification CRMO (Certified Risk Management Officer)
CRGP (Certified Risk Governance Professional) specifically at the BOD - 1 level.
CRMP (Certified Risk Management Professional)
Risk Management Systems
WIKA’s Risk Management System has been certified in accordance with ISO 31000:2018 by adopting the principles, framework, and risk management processes based on the applicable standards. The implementation of risk management aims to protect and create value for the Company and its stakeholders in supporting the achievement of key performance targets in each work unit and subsidiary entity. In addition, WIKA continuously strengthens its risk awareness culture through the sustainable implementation of Risk-Based Thinking (RBT) in every business process and decision-making activity.
Evaluation Of Risk Management Implementation
Monitoring and review of all risk management activities must be planned and ongoing. Responsibility for each activity should be defined. These activities can be linked to internal audit activities for continuous learning and improvement, while the Review of Risk Management Guidelines, Procedures, and Work Instructions is carried out periodically at least every 2 (two) years. Meanwhile, in evaluating the implementation of risk management, the Company conducts periodic performance measurements by measuring the maturity level of risk management implementation at the Project, Division, and Subsidiary levels every year (risk maturity level).
To ensure that Risk Management is effective and supports organizational performance, the Company has implemented risk management by referring to the risk management system policy from the Board of Directors that is applicable in WIKA Group. In ensuring the implementation of targeted risk management, the Risk Management Department as the department that oversees the risk management in WIKA Group has compiled:
Risk Management System Guidelines
Risk Management Procedures
Work Instructions relating to Risk Management implementation.
RiskManagementWorkProgramDesc
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Implementing Risk Management Maturity measurement aimed at WIKA Group environment
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Improving the competencies of PIC Risk within WIKA Group
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Risk Management Workshop for Tender Phase
WIKA’s risk management is measured by its level of maturity through a Risk Maturity Level Self-Assessment mechanism.
The results of 2025 Risk Maturity Index (RMI) assessment within WIKA Group show the maturity level of risk management implementation with a score of 2.95 (Fase Praktik Yang Baik)