Please fill in the details below:

Thank you for getting in touch with us.

We will get back to you shortly.

Risk Management

Risk management is an essential aspect of UPL’s strategy and decision-making process. We identify assess and mitigate potential risks that could impact the achievement of our objectives. It helps us safeguard our assets, reputation, and financial stability. Effective risk management enables UPL to make informed and confident choices, anticipate potential challenges and seize growth opportunities. It also ensures compliance with regulations and enhances our stakeholder confidence.

Mitigating Risks Effectively

Given the inherent risks in the agrochemicals industry, UPL recognizes the crucial need for effective risk management as a core component of our strategy. As a global organization, we have identified a wide array of risks and implemented appropriate mitigation measures to ensure the seamless execution of our strategy. By doing so, we enhance our capacity to generate sustainable value for our stakeholders, while aligning with our vision to collaboratively build a resilient and sustainable global food system.

Risk Management Process

We at UPL have established a robust and integrated risk management system to consistently evaluate, assess, and monitor significant risks associated with our business activities. Our risk management process is aligned with our strategic objectives, considers emerging megatrends, incorporates input from internal and external stakeholders, and includes industry-specific analysis. This system adheres to internationally recognized risk management standards, such as ISO (International Organization for Standardization) and COSO (Committee of Sponsoring Organizations of the Treadway Commission).

Risk Management Process

Emerging Risks

Emerging Risks

UPL identifies risks including emerging risks in various categories, such as strategic, external, and preventable risks. It also monitors the health of risks in a proactive manner that provide early warning indicators to the relevant stakeholders. We take cognizance of risks faced by our key stakeholders and their cumulative impact while framing our risk responses. The Risk Register is revisited periodically to ensure that the risks remain relevant at any point in time and corresponding mitigation measures are effective. This provides a proactive and value adding review process which enables maintaining the risk profile at an acceptable level in a rapidly changing environment. UPL operates in a dynamic sector, thus it has a formal documented way of identifying, assessing, and reviewing emerging risks. It uses horizon scanning for early detection of emerging risk such as the implications of the recent geopolitical crisis and its effects associated therewith on UPL.

UPL’s Top Two Emerging Risks

  1. Climatic Conditions/ Climate Change

    • Risk Category: Environmental
    • Description:

      • Frequent weather changes, drought, dry weather, and floods
      • Fluctuations in temperatures, excessive snow, and so on
    • Impact:

      • Revenues
      • Profitability
      • Supply Chain distribution
      • Insurance
      • Talent and workforce availability
      • Operational
      climate change
    • Mitigating actions

      • Strong presence in key agricultural markets of Asia, Africa, Latin America, Europe, and North America helps in reducing dependence on a particular country/region

      • Efficient and agile supply chain capabilities enabling requisite and timely adjustments to product supplies depending on weather conditions

  2. Changes in market dynamics

    • Risk Category: Economic
    • Description:

      • New market entrants
      • Change in marketing strategy by competitors
      • Increase in competitive intensity
      • Emerging and disruptive technologies/marketing practices viz. genetically modified/hybrid seeds, digitisation, biotechnology, organic farming, online sale of crop protection products, and so on.
    • Impact:

      • Revenues
      • Profitability
      • Market share
      • Reputation
      • Obsolescence
      • Sustainability
      • Day-to-day business operations
      Changes in market dynamics
    • Mitigating actions

      • Wide product portfolio to address varying customer needs globally
      • Broader and less concentrated customer base in every country
      • High intensity regular farmer and customer engagement to understand evolving requirements
      • Gathering relevant and top-notch market intelligence
      • Continuous investment in latest technologies
      • Partnerships with players with expertise in newer technologies

Please refer our Annual Report to further understand UPL’s Risk Management Process and to know more about other Emerging Risks :

Download-pdf UPL Annual Report 2022-23 (


“UPL and its subsidiaries have made every attempt to ensure accuracy of the information provided on this website. However, this is a global webpage with access to different geographies for wider reach and greater awareness of UPL. In the course of doing the same, UPL has used Weglot translator plugin to cover the language of this website from English to select regional languages.

UPL therefore, does not accept any responsibility or liability on the nature, standard or the accuracy of the translation and cannot take responsibility for any type of inaccurate contextual meaning in the event of a mismatch from English to a regional language.”