Annual report 2023: Chapter 4

Chapter 4: Risk analysis

Annual report 2023

Risk management and control systems

Fairfood manages risks at organisational, programme, and project level. Risks are assessed and response measures taken and monitored to mitigate and/or absorb the impact of a specific risk. Internal control procedures are in place to mitigate and/or absorb financial risks relating to potential misuse of funds (i.e. due to corruption, fraud, or theft), as well as for receiving, allocating, and the payment of funds. Financial management follows a low-risk strategy, reserving funds for investment risks and potential losses.

Fairfood is committed to transparency and the effective deployment of resources. It monitors project progress and the use of funds with a project control system. Operations are audited internally and externally, and outcomes are discussed with the management and the Supervisory Board. As a learning organisation, Fairfood strives for continuous improvement. And as a member of Partos, the trade association for development cooperation, we comply with Partos’ Code of Conduct. Fairfood has an integrity policy in place. Read more about this in chapter 1.

It seems you also care about the people behind our food.

Stay up-to-date on socio-economic progress in our food system with Fairfood's bi-monthly newsletter!

Stay up-to-date on socio-economic progress in the global food system through our bi-monthly newsletter.