Persimmon operates within the UK’s housing market which is subject to movements in regional and national economic conditions and political, regulatory and legislative intervention. The Group’s risk management framework has been set up to identify, assess, manage and mitigate risks in a robust and timely manner enabling it to respond
to changes in its environment effectively.
The Board is responsible for the Group’s management and assessment of risk. Our risk management framework includes risk registers which are maintained by the Group’s Internal Audit department and include issues that may occur at financial, operational, company, or strategic level. The registers include risks that may arise from each of the Group’s key operational and Group processes, as well as risks to delivering our strategic objectives. The registers identity both principal and emerging risks and inform a formal risk assessment process which considers the likelihood and impact of the identified risks together with any mitigating controls that are already in place or are planned. This position is formally reviewed by the Board on an annual basis, including consideration of emerging risk areas.
Persimmon’s principal risks are those with the potential to have a significant impact on the delivery of Group strategy if they materialise or are managed ineffectively.
Group Principal Risks
UK's exit from the EU
National and regional economic conditions
Health and safety
Labour and resources: Skilled workforce, retention and succession
Labour and resources: Materials and land availability
Cyber and data risk
Further information about our principal risks and how we manage them can be found in our latest Annual Report.