ERM goals achieved in 2020

Risk Assessment activities involved all of the Group’s companies, both in Italy and abroad, together with all Senior and Middle Management.

We identified 40 “main” risks (of which 16 TOP - represented in greater detail at the top management; 24 GOLD - represented in a synthetic Dashboard) divided into Strategic, Financial, Operating (including HSE and ICT risks) and Compliance risks.

Each risk is assessed according to a uniform metric (shared at Group
level), supported by detailed analyzes that reflect the assumptions of the Plan and measure the impact of the risk on the economics of the same.

For each risk, the “SGR Score” is identified, an indicator that allows the effectiveness of the Risk Management System to be measured in a synthetic way (scale from 0 to 100%) for all the risks in the Risk Catalog.