The phrase 'mitigate risks of' is a correct and usable phrase in written English.
You can use it to express the idea of reducing or preventing risks. For example: Our company should implement safety protocols to mitigate risks of on-the-job injuries.
The regulators added that they planned to begin contacting banks to find out what steps they were taking to mitigate risks of such conflicts.
Policy makers should raise the statutory borrowing limit "well ahead of the deadline" in order to "mitigate risks of financial market disruptions and a loss in consumer and business confidence," they warned.
If we want to mitigate risks of harm to our children (or the risk that our children will harm others), we need research on the specific effects of the most commonly played violent games, and of playing violent games in social groups.
It is important to detect magma movement and understand eruptive phenomena quickly in order to mitigate risks of volcanic hazards.
Smallholder farmers in the Guinea savanna practise cereal-legume intercropping to mitigate risks of crop failure in mono-cropping.
Uncertainties are considered, to mitigate risks of unknown information that may come to light in the future.
It can involve targeting new markets with existing products to mitigate risk of over-reliance on core customers.
It seeks damages on behalf of all Mississippi businesses engaged in "wholesale, retail and/or delivery" of seafood caught in the Gulf of Mexico, accusing BP of failure to "prevent or mitigate risk" of an oil spill.
Fuel treatments need to be located close to houses in order to effectively mitigate risk of loss.
To effectively assess and mitigate risk of permafrost disturbance, disturbance-prone areas can be predicted through the application of susceptibility models.
"We know that having stable bonds with other people does mitigate risk of criminal violence," he said.
