The culture of risk
At Edison, a culture of risk means the awareness that the
pursuit of strategic and profit objectives in the business in which
the Group operates entails a well defined risk profile.
The Group has adopted a special centralized structure for the specific purpose of mapping and monitoring all of the risks encountered in the pursuit of its diverse business endeavors, so as to ensure the maximum effectiveness of the mitigating actions implemented and their consistency with the business strategy, while providing an important tool for the purpose of seizing the various opportunities available in the market.
The main objectives of the Group’s risk management activities are:
- to limit the volatility of results and protect asset values;
- to manage the Group’s strategic objectives and operating performance consistent with a balanced risk-reward approach.
The structure of the risk management
The structure adopted by the Group to control corporate risks
addresses primarily two areas:
- the area of commodity market risks Energy Risk
- the area of other risks with an impact on the Group’s
activities which is managed with the model provided in the
Enterprise Risk Management