Our risk management considers a broad range of stakeholders, including fixed income investors, equity investors,
and the communities in which we operate.
Risk management is an integral part of our business and is among others governed by a comprehensive set of
policies and programs.
On financial risk management, our objective is to maintain a level of cash flow certaint that is acceptable to
our stakeholders, including equity and fixed income investors, given a certain expected return.
In particular, we monitor closely topics related to:
- Capital structure, financing and liquidity
- Transactional risks
- Foreign currency and balance sheet risk
- Counterparty risk (cash, marketable securities and derivatives)
- ESG and reputation risks
Our risk management and other material company policies are reviewed and updated periodically, with ESG more
strongly integrated where applicable.
The following policies are in place:
Towards our investments we developed a Responsible Investment & Stewardship policy and a Human Rights policy to provide further
guidance on ESG in our investment practices.
Responsible Investment & Stewardship policy
Responsible Investment & Stewardship policy describes how we formally incorporate ESG matters in our entire
Our Sustainability Linked Bond Framework covers our ESG commitments in relation to Sustainability-Linked Financing which
Sustainalytics has reviewed.