Page 29 - SET SD 2563 - EN

Appendix
Employee Development Social Development Environmental Management Performance Summary
Sustainable Risk Management
GRI Standards Content Index
The Board of Governors has assigned the Risk Management Committee the responsibility of screening policies and overseeing enterprise risk management according to the framework of the Committee of Sponsoring Organizations of the Treadway Commission (COSO). The relevant responsibilities cover risk identification, risk assessment, preparation of risk management plans, and risk management results monitoring which takes into account environmental, social and corporate governance impacts.
SET has established a framework for risk management in three levels: Strategic Risk, Business Risk, and Process Risk, with the following important guidelines:
The Risk Management Department coordinates and provides advice on the correct implementation of risk management practices such as the Risk and Control Self-Assessment (RCSA), a tool to manage operational risks and monitor the status of Key Risk Indicators.
Report risk status to the Risk Management Committee and the SET Board of Governors on a monthly and quarterly basis to serve as information for determining or deciding on appropriate measures.
All management and employees are responsible for assessing and managing risks relating to their responsibilities in accordance with risk management policies determined by the SET.
In addition, the Internal Audit Department reports directly to the Audit Committee but operates independently to access the information necessary for assessing the adequacy and
effectiveness of the internal risk-based approach management system. This system continuously monitors and reviews the situation to reflect changes in risk factors, and ensures that appropriate and effective management is consistently carried out. This is achieved through the regular reporting of audit progress and results to the Audit Committee.
Sustainability Risks
In 2020, the SET Board of Governors closely evaluated and monitored situations that could impact the capital market, economy and society. This has ensured that SET is capable of driving the capital market efficiently through various risks, impacts and uncertainties that could affect stakeholder confidence. The Board has determined key organizational risk factors covering environmental, social and corporate governance issues as follows:
Occupational Health and Safety Risks
SET has strictly adhered to the government’s guidelines for the prevention and control of COVID-19. Important measures such as social distancing, limited staffing in buildings and work from home arrangements have been implemented in tandem with the adoption of technology in our operations and to service stakeholders. These measures aimed to prevent and reduce risks from the spread of COVID-19 inside the SET Building, a transactional center for the capital market, in addition to arranging appropriate health care benefits for employees. In 2020, no COVID-19 cases were found from work operations or services within the SET Building.
ZERO
cases of COVID-19 were found from work operations or services within the SET Building
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