The Enel Group's risk governance is based on a structured and formalised set of elements that are defined and regularly updated in line with the evolution of the Group's business, with the international risk management standard ISO: 31000 2018 and with the best risk management practices.
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Risk Management
The Enel Group's Risk Governance model is based on two principles: the pillars of risk governance and the risk catalogue.
Pillars of Risk Governance
1.
Group Risk Committee
Established at the highest level and headed by the CEO of the Enel Group.
2.
Local Risk Committees
Established for the main Business Lines and geographical perimeters (countries and regions), led by the head of the corresponding organization (Head of Business Line / country / region) in coordination with the Group's Risk Committee.
3.
Risk appetite framework
Expressly formalized in the Group's risk catalogue.
4.
Three lines of defense
Clear and defined assignment of roles and responsibilities according to the principle of the three lines of defense
1 = Address
2 = Control
3 = Internal Audit
2 = Control
3 = Internal Audit
5.
System of organizational procedures and risk policies
It allows the development of processes for the measurement, management, monitoring and control of significant risks.
6.
Reporting system
For continuous and structured reporting to decision makers on risk exposures and metrics, delivered at Group, Business Line and Significant Geographic Area level.
The catalogue of risks
Risks are defined in a risk catalogue that serves as a reference for all areas of the Enel Group and for all units involved in the management and monitoring processes. The adoption of a common language facilitates the mapping and comprehensive representation of risks within the Group, thus allowing the identification of those that impact the Group's processes and the roles of the organizational units involved in their management.
