Risk management means understanding, anticipating, coordinating and dealing with factors liable to affect Veolia's ability to meet its targets. The long-term relations Veolia has built with its clients are rooted in an ability to manage the risks involved in the activities it carries out on behalf of relevant authorities. The company has introduced a cohesive system of risk management and prevention, which is crucial to its development.
The Risk and Insurance Department is tasked with drawing up Veolia's risk management policy and ensuring consistent application.
The department oversees the implementation of Veolia's risk management initiatives to enhance its ability to anticipate, analyze and weigh all types of risk, and make sure it is adequately prepared to deal with them. It coordinates and provides a point of contact for issues related to strategic risks affecting Veolia, backed by an international network of risk managers who effectively deal with risks on both a local and global level. It maps risks for individual countries and for Veolia as a whole. These findings are submitted to the Executive Committee at risk committee meetings as well as to the accounts and audit committee to approve and monitor the effectiveness of action plans.
The risk committee has three key objectives: