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Laporan Tahunan %u2022 Annual Report 890HULU ENERGIThe original consolidated financial statement included hereinare in Indonesian language.PT PERTAMINA HULU ENERGI DAN ENTITAS ANAK/AND SUBSIDIARIESDaftar 5/226 ScheduleCATATAN ATAS LAPORAN KEUANGANKONSOLIDASIAN (lanjutan)Tanggal 31 Desember 2024 dan untukTahun yang Berakhir pada Tanggal Tersebut(Disajikan dalam Ribuan Dolar Amerika Serikat,Kecuali Dinyatakan Lain)NOTES TO THE CONSOLIDATEDFINANCIAL STATEMENT (continued)As of December 31, 2024 andfor the Year Then Ended(Expressed in Thousands of United States Dollars,Unless Otherwise Stated)49. KEBIJAKAN MANAJEMEN RISIKO 49. RISK MANAGEMENT POLICYGrup memiliki beragam kegiatan usaha, sehinggamemiliki potensi berbagai risiko seperti risiko usaha,risiko pasar (termasuk risiko nilai tukar mata uangasing, dan risiko tingkat suku bunga), risiko kredit danrisiko likuiditas. Grup menggunakan pendekatan yanghati-hati dan proaktif dalam mengelola risiko untukmewujudkan visi dan misi Perusahaan.Program manajemen risiko yang dimiliki Grup ditujukanuntuk mengidentifikasi, mengukur, mengawasi danmengelola risiko dalam upaya melindungikesinambungan bisnis dan meminimalkan dampakyang tidak diharapkan pada kinerja Grup.Prinsip-prinsip utama manajemen risiko yang tertuangdalam kebijakan manajemen risiko Grup adalahsebagai berikut:1. Terintegrasi2. Terstruktur dan Komprehensif3. Dapat disesuaikan4. Inklusif5. Dinamis6. Berdasarkan informasi terbaik7. Mempertimbangkan faktor manusia dan budaya8. Perbaikan secara berkelanjutanManajemen Risiko dijalankan oleh Direksi khususnyamelalui Direktur Manajemen Risiko, DirektoratManajemen Risiko, dan Risk Owner.The Group has various business activities, whichexpose them to various potential risks such as businessrisk, market risk (including foreign exchange risk andinterest rate risk), credit risk and liquidity risk. Groupadopts a prudent and proactive approach in managingrisks to achieve the company%u2019s strategic objectives.The objectives of Group%u2019s overall risk managementprograms are to identify, measure, monitor and managekey risks in order to safeguard the Group's long-termbusiness continuity and to minimise potential adverseeffects on the financial performance of the Group.The key risk management principles set forth in Group%u2019srisk management policy are as follows:1. Integrated2. Structured and Comprehensive3. Customized4. Inclusive5. Dynamic6. Best available information7. Human and Cultural Factor8. Continual ImprovementRisk management carried out by the Group%u2019s Board ofDirector, specifically Risk Management Director, RiskManagement Directorate and Risk Owner.a. Risiko usaha a. Business riskPerusahaan menentukan risiko-risiko yangberpengaruh terhadap target RKAP tahunberjalan, yang terangkum dalam Top Risk PHESubholding- Upstream.Sampai dengan Triwulan IV Tahun 2024, risk eventdari on-going business risk di Fungsi, Regional,dan Anak Perusahaan PHE yang diidentifikasiterdiri dari beberapa kategori, antara lain:1. Kategori Risiko OperasionalKegiatan-kegiatan Perusahaan yang termasukdalam kategori risiko ini di antaranya eksplorasi,pengembangan, produksi, supply chain process,human resources, information technology,processing, transportation, asset management,dan HSSE.2. Kategori Risiko Financial ManagementKategori risiko tersebut mencakup hal-hal yangberkaitan dengan financial operation,accounting, strategi keuangan, dan perpajakanPerusahaan.3. Kategori Risiko Business StrategyKategori risiko tersebut mencakup hal-hal yangberkaitan dengan growth & sustainability,strategi, dan perencanaan Perusahaan.The Company determines the risks that affect thecurrent year's RKAP target, which is summarized inthe PHE Subholding- Upstream Top Risk.Until the fourth quarter of 2024, risk events from ongoing business risks in Functions, Regions, andPHE Subsidiaries identified consist of severalcategories, including:1. Operational Risk CategoryThe Company's activities included in this riskcategory include exploration, development,production, supply chain process, humanresources, information technology, processing,transportation, asset management, and HSSE.2. Financial Management Risk CategoryThese risk categories include matters related tothe Company's financial operations, accounting,financial strategies, and taxation.3. Business Strategy Risk CategoryThese risk categories include matters related togrowth & sustainability, strategy, and corporateplanning.