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EMERGING RISKS
Name of the Risk Extreme weather conditions Cybersecurity
Description While the Company’s cement plants are located in central India, the HRJ and Prism RMC divisions have pan-India operations. Some of these plants are situated in areas which could get impacted by extreme weather events, such as cyclones, floods, etc. With the increasing interconnectedness of IT systems and the adoption of digitalisation initiatives, cybersecurity has emerged as a significant concern for many companies.
Impact Extreme weather conditions pose a potential threat to Prism Johnson in the long term, as it may result in an increase in the frequency and severity of natural disasters and calamities. Such events could adversely impact the Company’s operations, infrastructure and assets. Prism Johnson Limited, like numerous other companies, may encounter a cyberattack, potentially compromising sensitive data, disrupting operations or damaging the Company’s reputation.
Mitigating Actions The Company ensures adequate insurance coverage for all natural calamities. Additionally, the Company takes proactive steps and preventive actions to minimise damages in the event of unforeseen natural disasters. For instance, at flood-prone operating sites, the Company has raised boundary walls to reduce the risk of flooding. Furthermore, as part of its sustainability initiatives, the Company actively tracks the impact of extreme weather events on its operations and financials. The Company has established policies, processes, and procedures to identify, assess, and mitigate these risks while also seeking opportunities to enhance business resilience. Prism Johnson Limited has implemented robust processes and tools for data backup and data security, enforcing detective and preventive controls. The Company adopts a risk-based approach to cybersecurity, ensuring effective practices for protecting the organisation. Additionally, Prism Johnson conducts regular employee training sessions to raise awareness of cybersecurity risks and promote a culture of cybersecurity awareness within the organisation.
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Creating stakeholder value
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Safeguarding the environment
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