Experian
governance of of embedding in innovation our innovation culture puts consumer and client needs first and we have strict processes to ensure we build critical considerations such as data security privacy and accuracy into our products and services we extend our high standards to suppliers through our third party risk management framework through our social innovation see of annual report we invest in developing new products that are specifically designed to offer additional societal benefits as well as creating revenue for our business the funding model for social innovation products is aligned with our global innovation framework the social innovation is governed by a global steering committee that is facilitated by the global head of social innovation and was chaired by the managing director of global decision analytics in the steering committee also includes our chief officer chief investment officer and company secretary as well as senior representatives from each region a sub committee governs lower level funding of early stage ideas to explore their feasibility managing risks the board and our executive risk management committee review our principal risks on an ongoing basis five of our nine principal business risks are relevant to see table below in addition we continue to identify and analyse emerging risks including those related to such as climate risks see of annual report see page of the annual report for more on our principal risks and risk management processes including our three lines of defence approach principal risk loss or inappropriate use of data and systems new legislation or changes in regulatory enforcement potential to impact all in particularly treating data with respect data privacy failure to comply with laws and regulations business conduct risk dependence on highly skilled personnel potential to impact all working with integrity inspiring and supporting our people related topic sustainable business priority treating data with respect data security | Experian
Company
Deck Type
ESG
Deck date
June 2022
Slide
72 of 91
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