The Integrated Risk Management System (ERM) has been operational in Energa SA Group’s key companies since 2011 and is supervised centrally by Energa SA.
The risk management in the ENERGA Group is aimed at obtaining comprehensive knowledge on the threats and opportunities following from individual areas of the Group’s operations and its environment, conscious responding to identified risks, and thus facilitating the planning and decision-making processes, and supporting the attainment of the Group’s strategic and operating objectives.
ERM is executed on the basis of the risk management process unified across the whole group and it is based on international standards (ISO, COSO, FERMA), covering all of the Group’s organizational levels and business lines. The risk management process consists of various interrelated stages forming a continuous process. It starts at the level of organizational units and moves on to the top management and from the level of Group companies to Energa SA as the Holding Company.
The main document which is used by the Energa SA Group to conduct the risk management process is the Risk Management Policy and the risk management methodology, which define, among others, the unified approach, risk management rules and roles in the risk management process.