Risk management

The Iren Group’s Risk Management operating model defines the methodological approach to the identification, assessment and integrated management of the risks for the Group, which are broken down into the following phases: 

  • identification
  • evaluation
  • processing
  • control
  • reporting.

The Group’s Enterprise Risk Management model regulates the roles of the various parties involved in the risk management process, which is under the responsibility of the Board of Directors, and envisages specific Committees that are responsible for the management of each type of risk.

The Enterprise Risk Management system particularly focuses on the management of financial, credit, energy, operational, reputation, environmental and social risks. Specific “policies” have been defined for each type of risk with the primary goal of meeting strategic guidelines, the organisational/managerial principles, the macro processes and techniques necessary for active management