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corpintegrityFoundations of GRC: Commodity Risk Management

Published: Jan 09 - Organizations are in an ongoing eff ort to achieve sustainability, consistency, transparency, accountability, and effi ciency across risk and compliance initiatives. The fact of the matter is: organizations need complete visibility into the portfolio of risks spread across distributed and complex business processes and relationships.  A spectrum of organizations are susceptible to uncertainty and risk in relation to commodities. Rising demand for commodities, limited supplies, complex supply chains, international relations, hedging, and exchange rates - all have a large impact on the ability of organizations to produce and deliver goods to their clients profi tably. As organizations defi ne their enterprise risk and GRC strategies it is essential that they gain an understanding of the central relevance that commodity risk management plays.

Risk management is ultimately about managing uncertainty in business. While there are a number of risk management initiatives that are part of a GRC or ERM program (e.g., treasury, operational, strategic risk), commodity risk management is oft en overlooked and poorly managed across a number of siloed roles in

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