Global Risk Management
As YVR becomes increasingly interconnected to countries around the world through our marketing, air service development and innovative technology efforts, we recognized a need to understand and mitigate the risks associated with new global opportunities. We developed a scalable and sustainable Global Risk Management Program to help protect the critical elements of the Airport Authority’s global activities—our people, our assets, our operations and our business reputation—in accordance with prevailing political, security, integrity and other key risks. The Global Risk Management Program provides a due diligence framework from which we assess potential international business activities, including weighing such opportunities against a risk assessment by country. A regularly updated matrix now informs new opportunities based on geopolitical and related risks.
The Airport Authority also developed an Anti-Corruption and Anti-Bribery Policy to govern its business activities and will be rolling out customized training workshops for employees in 2017. Additionally, in order to ensure our staff travelling for work were as supported as if they were in the office, we created a Global Crisis Management Strategy. The plan is intended to facilitate an appropriate response should a team member find themselves in a global or personal crisis while away on business travel. A standard operating procedure outlines the notification and response tactics and identifies different triggers for escalation. The Global Risk Management program also offers immediate travel SOS service for employees travelling on company business.