Page 33 - EINF2022

NON-FINANCIAL INFORMATION STATEMENT

As a consequence of this global crisis, the sector has detected an increase in Financial risks
cyber attacks, in which logistics has been identified as one of the 10 most
affected sectors in the world, bringing unprecedented vulnerability. The Financial risk management is a critical aspect at TWG as it operates in multiple
volume of threats and crimes resulting from these attacks forces us to prioritise countries and is exposed to risks such as inflation, currency fluctuation and
proactive defences and increase levels of resilience. fiscal risks. Some strategies the company implements to address these risks
2
include:
On the other hand, and in both TWG sectors, the shortage of skilled labour has
been studies in-depth globally and, as mentioned above, there will be a need for
more digitally skilled staff. We are also seeing a strong focus on issues such as
speed of learning and adaptability as competitive advantages. “...the job will be Description TWG Management PURPOSE
to effectively deal with more complex technological tools”. That is why we are
expanding our training to stay one step ahead.
We use financial
Finally, we have noticed a strong regulatory pressure towards decarbonisation instruments, such as
and environmental sustainability, understanding it as the tailwind that drives Foreign forward exchange Protect ourselves from currency
us even further along the path we are already on by conviction. This way of exchange contracts. In addition, fluctuation by fixing an exchange
managing and thinking about business at TWG is transversally reflected and hedging at TWG we ensure rate for a future transaction,
through our Innovation Area and those of the Quality and Environment Areas, that collections are reducing risk.
aligning our projects with the principles of environmental sustainability, adding only in USD or EUR as
value to the care of the planet. appropriate.

Dependence
on a single Diversify our operations in Operations in other countries can
currency or different countries offset losses, if one economy or
economy currency destabilises.

We have local tax advisers Be aware of specific tax laws and
Tax risks in each of the countries in regulations and take steps to
which we operate. mitigate tax risks.

The Finance department
at out headquarters Be prepared to take action if
constantly monitors significant changes occur.
financial risks and adjusts
Strategic We only operate in countries
changes strategies accordingly. where the repatriation of capital is
This includes monitoring
key economic indicators guaranteed.
such as inflation and
exchange rates.

2 www.revistalogistec.com – “What issues will impact logistics and supply chains in 2023”.
3 EL PAIS – 12/01/2023 – “An ever more present future. This is how the logistics sector will be transformed in 2023”.
Non-Financial Information Statement — 2022 TWGroup 33