Risk Committee

The Risk Committee meets periodically several times during the year and consists of:

• Hera's Executive Chairman 
• Hera's Vice President
• Hera's CEO
• CFO
• Market general manager
• Enterprise Risk Manager

In addition, in relation to specific issues, are expected to attend

• Central Director of Legal and Corporate Affairs
• Central Director of Corporate Services
• Central Director of Innovation
• Hera Trading's CEO

The Risk Committee is the main steering, monitoring and reporting body on risk management strategies, and is responsible for:

• defining the general guidelines for the Risk Management process
• ensuring the mapping and monitoring of business risks and their management
• ensuring the definition of Risk Policies and of the measurement parameters to be submitted to the approval of the Board of Directors of Hera S.p.A.
• defining the methodology for Business Impact Analysis, the impact assessment thresholds and approving the continuity objectives identified by the process owners
• ensuring half-yearly reporting to the Board of Directors of Hera S.p.A.
• defining and ensuring information protocols for the Control and Risk Committee, the Internal Auditing Department, the Board of Statutory Auditors and the Ethics and Sustainability Committee

Major risks that fall within the Risk Committee’s remit refer to the following areas: strategic, energy, financial, credit, insurance, information and communication technology, safety and the environment, business continuity, climate change

Page updated 27 September 2024