CTGI seeks to have a comprehensive perspective over the key risks it is exposed to, at strategic, business, financial and operational level, establishing processes to assure follow-ups and proactive management. Risk management within the Company is based on foresight, independence, commitment to the Company's business objectives and the engagement of Management Team and the Board.
Besides closely monitoring key risks inherent to its activities, the Company maps key trends, at global and industrial level, that may be translated into threats and opportunities, and proactively develops adequate mitigation strategies.
We have updated our Risk Measurement System to monitor the Company's risks more accurately, closely and timely. CTGI identified 8 key risks with 48 indicators, including geopolitical instability, social and economic crisis, climate change, relationship with stakeholders, corporate planning, global energy market, changes in taxes and industrial charges, changes in regulations, fluctuation of interest rate, fluctuation of exchange rate, inflation, development and construction of greenfield assets, operation and maintenance of operating power generating assets, work accidents, people management, relationship with NGOs and other stakeholders, integrity and security of information, legal, compliance and ethics, etc. We scored the indicators monthly to judge the risk level of high, medium, and low based on our risk warning lines.
To ensure the safeguarding of the community, the environment and CTGI's global assets, we are committed to best risk management practices, which allows the systematic identification, assessment, management and monitoring of risks for each business line can be implemented in line with the evolution of the Company.
