Aeris Annual Report 2022

INSURANCE RISK
Aeris maintains insurance within ranges of coverage
it believes to be consistent with industry practice and
having regard to the nature of activities being conducted.
No assurance, however, can be given that the Company
will be able to continue to obtain such insurance
coverage, or that such coverage will be at reasonable
rates or that any coverage it arranges will be adequate
and available to cover any such claims. Further, Aeris may
elect to not purchase insurance for certain risks due to
various factors (such as cost, likelihood of risks eventuating
and industry practice). The lack of, or insufficiency of,
insurance coverage could adversely affect Aeris’ business
financial position and performance.
INTERNATIONAL CONFLICTS RISK
Aeris is exposed to the impact of international conflicts.
The outbreak of military conflict between Russia and
Ukraine had a material effect and continues to impact on
the global economy. These hostilities created uncertainty
for capital markets around the world, and this uncertainty
may lead to adverse consequences for the Company’s
business operations. Measures taken by governments
around the world to end the Ukrainian conflict (such as
imposing tariffs on Russian exports and other economic
sanctions) may cause disruptions to the Company’s supply
chains and adversely impact commodity prices. Such
events may affect the financial performance of Aeris.
Further, there is no certainty that similar conflicts which
impact global markets will not arise in the future.
ENVIRONMENTAL RISKS
The Company’s projects are subject to laws and
regulations in relation to environmental matters.
As a result, there is the risk that the Company may incur
liability under these laws and regulations. Aeris could be
subject to claims due to environmental damage arising
out of current or former activities at sites that Aeris owns
or operates, including new projects. This could subject
Aeris to potential liability and have a material adverse
effect on Aeris’ financial and operational performance.
The Company seeks to comply with applicable laws and
regulations and conduct its activities in a responsible
manner with regard to the environment.
CLIMATE CHANGE
Aeris acknowledges the potential for climate change
to impact its business and is committed to understanding
and proactively managing the impact of climate
related risks to our business and our environment.
The risks considered most likely to impact the business and
our environment include the following: reduced water
availability, increased extreme weather events, changes
to legislation and regulation, reputation risk, as well
as market changes and shareholder activism.
AERIS ANNUAL REPORT 2022
The Company seeks
to comply with
applicable laws
and regulations and
conduct its activities
in a responsible
manner with regard
to the environment.
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