Enterprise Risk Management Framework

SBU-RISK-005 • Final / Published • June 2026

Risk Governance Structure

Level	Responsibility
Board of Directors	Strategic Risk Oversight
Executive Management	Risk Policy Implementation
Project Management Team	Operational Risk Monitoring
Independent Advisors	Technical & Financial Review
External Auditors	Compliance Verification

Principal Risk Categories

Land Acquisition Risk
Construction & EPC Risk
Feedstock Supply Risk
Environmental & ESG Risk
Regulatory & Permit Risk
Market & Offtake Risk
Financial & Liquidity Risk
Insurance & Catastrophic Event Risk
Counterparty Risk
Operational Risk

Risk Mitigation Framework

Independent Technical Review
Performance Guarantees
Insurance Program
Security Package
Escrow & Controlled Accounts
DSRA Structure
Environmental Compliance Program
Periodic Risk Review