Risk Management Process
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EDPR follows the risk management process of EDP Group, which is structured around five main phases (identification, analysis, evaluation, treatment, and monitoring), complemented by a prior phase of establishing the context, and by adequate levels of communication between the various stakeholders:
Fundamental phases Preliminary/continuos phases
1Establishing the context
- Asessment of the external and internal environment
- Defining the fundamentals for risk management
2Identification
- Comprehensive mapping of key risks (and representation in structured taxonomy)
3Analysis
- Establishment of risk criteria
- Risk Materiality Analysis (qualitative and quantitative)
4Assessment
- Exposure Assessement in light of risk appetite
- Definition of treatment strategies to implement
5Treatment
- Implementation and execution of the established treatment plan
6Monitoring
- Monitoring and reporting the evolution of risk indicators, materialization of events and progress of treatment measures
7Communication
- Continuous and bidirectional communication between relevant stakeholders
A more detailed description of each phase is available in the document below.
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