GENUSPLUS GROUP LTD ANNUAL

Risk Management

Risk Management Genus operates across a diverse range of industries, geographic locations and operating environments and is exposed to a variety of risks that may impact the achievement of its strategic objectives, operational performance, financial position and reputation. The Board is responsible for overseeing the Company's risk management framework and regularly reviews the effectiveness of the framework to ensure it remains appropriate for the scale, complexity, and nature of the Company's activities. Risk management is supported by management processes designed to identify, assess, monitor and manage risks across the business and to support informed decision-making. Genus adopts a proactive approach to risk management, aligned with AS/NZS ISO 31000:2018 and the ASX Corporate Governance Principles and Recommendations. The Company's risk management framework is intended to facilitate the identification and management of risks and opportunities while supporting the achievement of the Company's strategic objectives. While Genus maintains controls to mitigate risks where practical and efficient, no risk management process can provide absolute assurance that all risks will be eliminated. The following summary outlines the principal risks that may have a material impact on the Company's performance, financial position, reputation or ability to achieve its strategic objectives, together with the key mitigation measures in place to manage those risks. Risk Description Mitigation People and Genus' ability to achieve its strategic objectives relies on • Undertake workforce planning and monitor Culture Risk attracting, developing and retaining suitably qualified retention trends. personnel across its operations. The loss of key • Succession planning for critical roles. personnel, challenges in attracting skilled employees, • Invest in leadership development, training increased competition for labour, inadequate succession and capability development. planning, or declining employee engagement may • Support employee engagement and culture initiatives. impact operational performance, project delivery and • Benchmark remuneration and employment future growth opportunities. practices where appropriate. Health and Safety Genus operates in environments where employees, • Maintain an integrated health and safety Risk contractors, and other stakeholders may be exposed to m