
Enterprise Risk Management (ERM)
Kuwait Aviation Fuelling Company (KAFCO) has established necessary procedures to efficiently address, assess, monitor, and control all potential risks and opportunities associated with meeting its strategic objectives. Through this approach, KAFCO guarantees the integration of risk management into day-to-day operations by adhering to the Enterprise Risk Management ERM Policy and process deployed across different levels of the organization, spanning from top management to field and plant personnel. Each level possesses designated responsibilities, supported by the ERM division, to ensure the effective implementation of enterprise risk management practices.
ERM plays a crucial role in ensuring sustainability by identifying and managing risks proactively, making informed decisions, enhancing operational resilience, optimizing resource use, complying with regulations, building stakeholder confidence, fostering a risk aware culture, and remaining adaptable and innovative.