For Impala, we do not see
risk management as a restriction but as a business opportunity.
The successful management
of risk, from counterparty to credit to political to product,
defines the success of our business. We constantly strive to reduce
the nature and level of all the risks we face, and we consider our
investment in market-leading risk management systems as vital to
preserving our competitive advantage.
Impala has developed a
bespoke IT system which integrates information from all our
activities and provides a real-time method for monitoring and
adjusting operations according to their environment. Impala has
well-defined IT security, business continuity and disaster recovery
plans in place.
A culture of risk
awareness runs through all of Impala’s business activities. A full
risk review is undertaken for all new clients prior to embarking on
new business and counterparty credit limits are monitored
throughout the lifecycle of client relationships.
Impala has standardized
its risk and quality management systems, policies and procedures
that apply to both construction and operating activities. Our
work is conducted in accordance with internationally-recognized
standards and industry best practice. And where they do not already
hold them, all Impala subsidiaries are undergoing the process of a
variety of International Standards Organisation (ISO)
accreditations or LME certifications.
policies and procedures are in place in all operating subsidiaries
and are constantly reviewed for applicability and scope for
We believe Impala’s
impact on the global economy is positive. Our sphere of
responsibility and accountability, however, goes well beyond the
creation of economic opportunities: it also incorporates the needs
of the communities in which we operate and the environment.