Risk Management: mappatura e gestione dei rischi aziendali | CDP

Risk Management

In order to assure an effective risk management system within all the business segments, CDP and the Group companies under direction and coordination have dedicated and specialized teams.

Moreover, CDP has committed to spread the risk culture among the entire Group: The Board of Directors, the Top Management and the business units are actively involved to make sure that all the commitments made are sustainable from an economic-financial stand point as well as coherent with a balanced risk-return profile.

Risk management consider the specific characteristics of the activity performed and is implemented in compliance with the regulatory requirements.

The Board of Directors approves the Risk Appetite Framework and all the risk policies. Within the Board of Directors there’s also the Risk Committee, responsible for supervising and proposing guidelines on risk management and evaluation of new products.

Within CDP SpA organizational structure, the Chief Risk Officer (CRO), reporting directly to the CEO, is responsible for the management of all the types of risks. Within this mandate, the CRO ensure the coordination of the activities of the Risk Management, Risk Governance, Compliance, Anti-money laundering and Risk Operations units. The same organizational structure is adopted by the Group companies under direction and coordination, proportionally with the scale and the complexity of each business

Types of Risks

The main risks to which CDP is exposed are:

  1. market risks rischi di mercato (include rischio azionario, tasso d’interesse, inflazione e cambio),
  2. liquidity risks,
  3. credit risks (include concentration and counterparty risks),
  4. operational risks,
  5. reputational risks.

For each of these risk factors, individually or together, CDP has set up specific models, policies or procedures aimed at adequately identifying, measuring, managing and monitoring them, following best practices and continuously updating methodologies, policies and systems.