The risk management process at ENEA Group is a multi-stage process, engaging all the significant organisational units of the Group Companies.
The risk management process at ENEA Group is a multi-stage process, engaging all the significant organisational units of the Group Companies. The process model is compliant with the best market practice, and also standards being in force within this scope.
Identification and assessment of new risks
Monitoring existing risks
Identification of potential risks related to the ongoing operations of the Companies and achievement of strategic objectives of ENEA Group and objectives resulting from the area strategies, and their subsequent assessment in accordance with the ERM methodology.
Periodic monitoring of existing risks and the status of implementation of the Risk Management Plan and ongoing monitoring of existing risks as part of which operational events are reported.
At the Company level the Risk Manager periodically reports to the Management Board, while at the Group level, the ENEA Risk Manager reports to the ENEA Risk Management Department, which develops and provides dedicated reports to the Risk Committee.
The identification process also includes non-financial risks that may have a significant negative impact on social, employee, environmental, human rights and anti-corruption issues. Their detailed description can be found in “The Non-Financial Statement of ENEA Group for 2018" hereinbelow.