Lendlease Annual Report 2024

42 Lendlease Annual Report 2024 Risk governance and management A robust strategic risk framework that integrates a risk focussed culture, aligns with organisational strategy and enhances value through risk informed decision making. Risk governance Lendlease is committed to excellence in corporate governance to help deliver sustainable value to all our stakeholders. Our effective management of risk enables us to anticipate, understand and manage uncertainty effectively in pursuit of our strategy objectives. Our governance is underpinned by a ‘Three Lines of Defence’ model, setting the organisation's tone, reinforcing the importance of informed risk taking and decision making. Risk framework Lendlease operates an enterprise risk management framework that integrates governance, enterprise risk management, risk appetite and operational resilience. Our enterprise risks are the strategic and operational risks we manage across our global operations. The risks are articulated, measured and managed through a hierarchical reporting framework that extends from operations and ultimately the board. This framework ensures oversight and effective risk management across the organisation. Our risk appetite framework is articulated across our enterprise risks, defining the financial and non financial risks that impact our operations and the risk Lendlease is willing to accept in pursuit of its strategic objectives. Our approach for operational resilience emphasises proactive preparation and adaptability. This dynamic approach enables Lendlease to anticipate, prepare for, respond to and recover from disruption while delivering core services.