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  • HOME
  • About Us

    Company Profile


    • Chairman’s Message
    • MD & CEO’s Message
    • Vision, Mission, and Values
    • Board of Directors
    • Management Team
    • Regional Leadership in Steel Production
    • Our Production Facilities
    • Investment in Subsidiaries and Associates
    • Qatar Steel Memberships
    • History and Recognitions
  • Products

    • Our Main Products
    • Product Specifications
    • Product Quality
    • Sales and Marketing
    • Certificates
  • Certifications
  • Sustainability

    SUSTAINABILITY MANAGEMENT APPROACH


    • Message From Chairman
    • MD & CEO's Message
    • Sustainability Policy
    • Qatar Steel Highlights 2020
    • Stakeholder Map
    • Sustainability Framework
    • Material Sustainability Issues
    • Strategy Map
    • Sustainability RoadMap 2020
    • Sustainability Performance Data

    CREATING A BALANCED ECOSYSTEM


    • Responsible Sourcing And Material Consumption
    • Efficient Energy Usage
    • Reducing Emissions
    • Water Consumption and Effluents
    • By Product Management & Recycling
    • Biodiversity & Ecotoxicity

    APPENDICES


    • Reporting Scope and Boundaries
    • Maturity Assessment
    • GRI Content Index and IPIECA Index
    • Acronyms

    BUILDING THE FUTURE


    • Product Innovation And Operational Efficiency
    • Product Quality and Traceability
    • Customer Satisfaction

    DEVELOPING A HIGH PERFORMING
    AND MOTIVATED TEAM


    • Training and Development

    QATAR STEEL COMPANY FZE (Dubai, UAE)


    • Materiality & Maturity Assessment
    • Summary of Stakeholders Activities
    • Sustainability Performance Data
    • Reducing environmental impact

    ENSURING A SAFE AND HEALTHY WORK ENVIRONMENT


    • Employee Contractor Safety
    • Safety Governance
    • Safety Training
    • Emergency Response Preparedness
    • Occupational Health

    PRACTICE GOOD GOVERNANCE


    • Accountability and Ethics
    • Risk Management
    • Internal Audit

    Qatar Steel Company FZE


    • Lifecycle assessments
    • Code of Ethics and Business Conducts
    • Feedback/Complaints
    • QSFZE Sustainability Policy

    CONTRIBUTING TO NATIONAL GROWTH & DEVELOPMENT


    • Qatarization And Education Investment
    • Community Investment
    • Local Procurement

    ACHIEVING PROFITABLE GROWTH &
    BUSINESS PORTFOLIO


    • Financial Performance
    • Growth Strategy
    • Operational Overview
  • Customers
  • PROCUREMENT

    • Vendor Registration
    • Supplier Portal
    • NOC for Export
    • Purchase of Ferrous Scrap
    • Tender announcements
    • HSE Procedures for Contractors
    • TAWTEEN – Supply Chain Localization Program
  • Media Center

    • Press Release
    • Publications
      • Annual Reports
      • Integrated Reports
      • Qatar Steel Magazines
      • Sustainability Reports
    • Blogs
  • Careers
  • Contact Us
  • Home
  • About Us
    • Chairman’s Message
    • MD & CEO’s Message
    • Vision, Mission and Values
    • Board of Directors
    • Regional Leadership in Steel Production
    • Our Production Facilities
    • Investment in Subsidiaries and Associates
    • Qatar Steel Memberships
    • History and Recognitions
  • Products
    • Our Main Products
    • Product Specifications
    • Product Quality
    • Product Innovation
    • Product Traceability
    • Sales and Marketing
  • Certificates
  • Sustainability
    • SUSTAINABILITY MANAGEMENTAPPROACH
      • Managing Director and Chief Executive Officer’s Message
      • Qatar Steel Highlights 2020
      • Sustainability framework
      • Material Sustainability Issues
      • Strategy Map
      • Sustainability Roadmap 2020
      • Qatar Steel Policy
    • Building the Future
      • Product Innovation and Operational Efficiency
      • Product Quality and Traceability
      • Customer Satisfaction
    • Contributing to National Growth & Development
      • Qatarization
      • Community Investment
      • Local Procurement
    • Creating a Balanced Ecosystem
      • Responsible Sourcing and Material Consumption
      • Efficient Energy Usage
      • Reducing Emissions
      • Water Consumption and Effluents
      • Waste Management and Recycling
      • Biodiversity and Ecotoxicity
    • Ensuring A Safe and Healthy Work Environment
      • AMAN Safety Transformation Program
      • Employee and Contractor Safety
      • Safety Training
      • Emergency Response Preparedness
      • Occupational Health
    • Developing a High Performing and Motivated Team
      • Training and Development
      • Employee Empowerment and Engagement
    • Practice Good Governance
      • Corporate Governance
      • Accountability and Ethics
      • Risk Management
    • Achieving Profitable Growth
    • ACHIEVING PROFITABLE GROWTH and BUSINESS PORTFOLIO
      • Financial Highlights (Consolidated)
      • Cost Optimization
    • Appendices
      • Reporting Scope and Boundary
      • Maturity Assessment
      • GRI Content Index and IPIECA Index
      • Acronyms
    • Qatar Steel Company FZE (Dubai, UAE)
      • ENGAGING WITH STAKEHOLDERS
      • Materiality & Maturity Assessment
      • Summary of Stakeholders Activities
      • Sustainability Performance Data
      • Reducing environmental impact. Decoupling growth from our environmental impact
      • Lifecycle assessments
      • Code of Ethics and Business Conducts
      • Feedback/Complaints
      • QSFZE Sustainability Policy
  • Customers
    • Customer
    • Sales Information (Historical)
    • Iconic Construction Sites
  • Tenders
    • Purchase of Ferrous Scrap
    • Supplier Portal
    • How to Tender
    • NOC for Export
    • HSE Procedures for Contractors
  • Publications
    • Qatar Steel Magazines
    • Integrated Reports
    • Annual Reports
    • Sustainability
    • News letter
  • Careers
  • Contact Us

Risk Management

Changes in the business environment are increasing rapidly, along with an increasing level of competition, resulting in a variety of business risks that could affect the company’s performance. In this VUCA (Volatility, Uncertainty, Complex & Ambiguous) world, Qatar Steel recognizes that the effective management of business risks is crucial to our continued growth and success. Apart from that, there are several critical drivers for having a risk management framework, including:

  • Greater transparency
  • Security and technology issues
  • Globalization in a continuously competitive environment

Qatar Steel has an integrated Enterprise Risk Management (ERM) framework, which is in place to manage business risks.

To further enhance business resiliency, Qatar Steel established a comprehensive Business Continuity Management System (BCMS) in 2017. QS BCMS provides a clear framework as to how to identify potential business continuity risks and its management. QS BCMS allows the company to quickly respond to any unplanned incident, and thus, minimize its potential negative impacts on the company. Furthermore, as part of this program, necessary trainings and awareness initiatives are being conducted.

  • Risk Management

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RECOGNITIONS

< >
  • Applus
  • CARES
  • CARES
  • ISO 6935-2
  • CARES
  • ISO 14001:2004
  • SAAR
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