FS Italiane strategy and governance
(103-15; 103-2)
INTEGRATED MANAGEMENT OF RISKS AND OPPORTUNITIES
The FS Italiane Group operates in sectors with highly complex and varied activities (design, build and maintain infrastructure, operate railway and road networks, provide passenger and freight transport services and manage real estate assets), which may generate risks and uncertainties, some of which may be significant. Controlling these risks is therefore vital to ensure the Group’s continuity and sustainability in the medium to long-term. The Group has therefore defined a risk control model, as described in the Internal control system section. The Parent’s Risk Management Unit coordinates the overall management of the Group’s risk governance process by designing, implementing and governing the
framework for managing and measuring all Group risks and the integrated risk monitoring process, coordinating strategies, policies, processes and operating mechanisms for the identification, assumption, management, mitigation, monitoring and reporting of the Group’s main risks, and methodologically coordinating the Group’s various risk management safeguards. There are measures to prevent and mitigate risks related to safe train travel and railway operation, occupational health and safety and environmental protection directly merged into the integrated safety management systems of the individual operating companies.
For additional information, reference should be made to the 2021 Annual Report (Directors’ report, Other information). The Group constantly monitors current and expected risks and opportunities, including social and environmental aspects, particularly those relating to climate change. The following is an extract from the Group’s 2021 Annual Report that outlines the main strategic and operating risk areas along with the relevant opportunities:
111
