Page 32 - EINF2022
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                                                                                       Risk management


                                                                                       Background risks

                                                                                       At TWG, we understand that exposure to risks is general, systemic and global,
                                                                                       so their identification, analysis and management must be addressed with a
                                                                                       multi-departmental approach.
                                                                                       This approach forces us to carry out a prior analysis of the environment and the
                                                                                       outlook for our sector, as well as the impacts they would produce in the short
                                                                                       and medium term. Consequently, risks can affect the achievement of our business
                                                                                       goals and thus the level of our sustainability performance, as we see risk as the
                                                                                       possibility that an event (or series of events) could negatively affect us.

                                                                                       This is why it is timely to include an analysis of our business environment as it
                                                                                       allows us to broaden our strategic outlook and strengthen our management.
                                                                                       In the logistics field, we observe that the growing geopolitical tensions and the
                                                                                       current conflict between Ukraine and Russia not only make international business
                                                                                       difficult, but also force us to put on the table the issues that we must manage
                                                                                       quickly and efficiently. Speed, which we understand comes hand in hand with
                                                                                       innovation, and here we can consider ourselves leaders in this area.
































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