Enterprise Risk Management

The model supporting the identification, assessment, management and control of the enterprise risks is structured and is consistent for all company units and is aimed at mitigating the risks that, if not adequately controlled, may threaten the achievement of the Industrial Plan objectives. This is crucial in preserving, in the long term, the Company's value, business operations and stakeholders' interests.

Risks are identified and managed by the Company's relevant units (Risk owner/Risk specialist), assisted by risk management, in accordance with the following categories: 


•    Strategic risks, i.e., risks related to the achievement of medium/long-term objectives;
•    Financial risks, i.e., risks with an impact on financial data and profitability indicators, debt reduction and capital strengthening;
•    Operational risks, i.e., risks related to the effectiveness and efficiency of primary business and support processes;
•    Compliance risks, i.e., risks arising from the failure to comply with external/sector and internal provisions and regulations.

ERM process stages and roles