Risks and business opportunities management
The analysis of corporate risks and opportunities is conducted through a systemic process at ENGIE Brasil Energia, which permeates all corporate activities and involves all employees and senior management. The process is conducted by the Risk Management Committee, responsible for promoting awareness as to corporate risks, establishing goals and guidelines and suggesting management improvements as well as procedures for controlling company risks.
In 2016, the Board of Directors of ENGIE Brasil Energia approved a new Policy for Management of Risks and Opportunities, with the following objectives:
- Creation and maintenance of value, reputation and internal motivation.
- Encouraging a certain degree of risk exposure, deemed reasonable as to legal, economic and social aspects.
- Assurance of conformity of actions with legal and regulatory obligations as well as with ENGIE Brasil Energia’s values.
Therefore, the analysis of business risks encompasses their identification and classification as to the probability of occurrence and significance in terms of financial, strategic and operational impact. From this analysis, action plans are developed for each risk and potential associated opportunities are identified.