Risk
management
METHODOLOGY
We use an integrated risk management approach that ensures risks are considered at all stages of the business cycle—from the strategic planning process to ongoing business operations—and throughout all levels of the organization.
We use the following matrix to disclose potential residual risks at the end of the fiscal year. The Risk Management Committee is currently monitoring over 20 risks.
Our risk identification methodology provides us with a comprehensive understanding of all risks and of their various components, making it possible to develop specific action plans aimed at lowering residual risk.
Risk assessment takes into account the following elements:
- inherent risk;
- risk components;
- risk scenarios, implications and impacts;
- mitigation measures and attenuation factors;
- residual risk trend; and
- risk velocity.
