In 2023, using risk matrix with x likelihood and y degree of severity of consequences to present the importance of risks in the annual report(13 risks) and explain reasons with a short paragraph. Percentages can state the position of the risks. for example, the geopolitical and macro risk is likely to happen 77% likelihood and almost certain 85% severity because...........

https://www.colesgroup.com.au/FormBuilder/_Resource/_module/ir5sKeTxxEOndzdh00hWJw/file/Annual_Report.pdf

Almost Certain 4 Likely 6 7 9 1 2 3 13 8 10 Increasing likelihood Possible 5 12 14 Unlikely 11 Rare Very Low Low Moderate High Very High Increasing financial and non-financial consequences