We ensure adequate risk management, which is reflected in our employees and in what we innovatively and responsibly transmit to our Stakeholders.
GRI (103-1) Value generation and the sustainability of the businesses in which we participate are a commitment for our organization. At Celsia, we identify the opportunities to promote them and manage them correctly; for this reason, comprehensive risk management is a priority principle for our employees, since it allows us to plan those events that can significantly affect us, prepare to mitigate their impacts in order to reduce the perception of uncertainty related to decision making and make sure we achieve our goals safely.
GRI (103-2) At Celsia, we manage risks under the Manual of the Comprehensive Risk-Management System (SGIR, in Spanish); our methodology includes the permanent identification, measurement, treatment and monitoring of the risks to which we are exposed, and aim to agilely and proactively evaluate the favorable and unfavorable impacts that may affect the achievement of the Strategic Objectives and the performance of the business.
The Comprehensive Risk-Management System (SGIR) has – as its focus – the identification of the most-relevant risks in the strategy, to address the incidence and criticality of the impacts on our objectives in:
TCFD (Risk Management – b) At Celsia, we have the following governance structure, responsibilities and functions to guarantee and ensure the implementation of the SGIR and other actions that are defined in the Risk Policy:
Risk management cuts across the Organization and is external to the business lines: Asset Management, Households and Companies (managed from the Generation, Transmission and Distribution, and Marketing Areas.
The Financial Leader maintains constant interaction with Senior Management and the Board of Directors’ Audit, Finance and Risk Committees, bodies that have the greatest responsibility for risk management in the Company.
In addition, our SGIR is supported by the Risk-Management Policy, which establishes the elements and the general framework of action all kinds of risks that the Organization faces, as well as the Governance Structure, which indicates the instances, roles and responsibilities to manage and ensure the proper functioning of the SGIR.
In order to strengthen the risk-management culture at all levels, at Celsia, we have online training called:
Additionally, we have the permanent accompaniment of risk specialists to share trends and best practices. Our main businesses held workshops on operational risks and began the implementation of a more-intuitive app to manage risks and opportunities.
GRI (103-3) During 2021, we identified global trends influencing our businesses and created value from them:
These are our challenges in the short, medium and long term:
Comprehensive Risk-Management System (CRMS) (SGIR, in Spanish): A systematic application of policies, procedures and practices for the identification, analysis, evaluation, treatment, follow-up and review of risk; communication and monitoring.
Governance Portal – Protiviti: A tool that allows the registration of strategic and operational risks, as well as their administration and their controls, and the registration and monitoring of action plans to mitigate risks.
MEGA: A Strategic, Large and Ambitious Goal (Meta Estratégica, Grande y Ambiciosa) that provides strategic guidelines to the Organization.