2. The department defi nes the Group’s approach to internal control and risk management, which is then rolled out within each perimeter with the support of correspondents in the lines of business and the regions. Thanks to this organization, the internal control and risk management system can be deployed effectively and consistently across all the Group’s activities and entities. At global and local level, the Group assesses the impact and probability of these risks, as well as their level of severity. Each Group risk is managed by a member of the Management Board. It is the subject of a roadmap, an action plan (audits, changes to procedures or processes, investments, etc.) and an internal control system to mitigate it. The roadmaps are rolled out to the lines of business and regions and are monitored on a regular basis. Risk maps for the lines of business and regions are submitted to the Management Board and the Supervisory Board. They are then consolidated into a Group risk map, which is subject to regular review. Fraud, corruption or infl uence peddling, along with talent recruitment and retention, are among the Group’s major risks. They are subject to the same control and reporting procedures to management. Internal Audit The Internal Audit Department’s mission is to provide independent, objective assurance on the degree of control over the Group’s operations, and to offer recommendations to improve business practices, thereby helping to create value for the organization. The department is centralized and made up of qualifi ed experts who perform reviews throughout the organization, in accordance with the annual audit plan that has been approved by the Risk Committee and as needs are identifi ed. Sustainability risks Six sustainability risks are included in the Group’s mapping of major risks: ● climate: transition risks; ● climate: adaptation risks; ● air pollution; ● health and safety in the workplace; ● major human rights violations; ● responsible purchasing. 2024 ACTIVITY AND SUSTAINABILITY REPORT - 27 EDITORIAL > 1. GROUP PROFILE > 2. GENERAL INFORMATION > 3. ENVIRONMENT > 4. SOCIAL > 5. ETHICS > 6. ANNEXES
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