Risk management

Risks related to the non-financial topics identified in the DMA are addressed directly by the responsible departments with management and Board supervision. Appropriate measures are taken to address and minimize the risks. The DMA results are also considered as part of the internal risk assessment process. Climate related risks and opportunities will be assessed in accordance with the Task Force on Climate-Related Financial Disclosures (TCFD) in 2024.

Information on our Enterprise Risk Management can be found in our Corporate Governance Report and in Note 4 “Risk Management” of the Consolidated Financial Statements in our Annual Report 2023.

Regulatory environment 

Our subsidiaries systematically assess the local regulatory environment and proactively communicate substantial changes and developments to the Group. At Group level, we monitor regulatory updates as an integral aspect of our risk management practices. Further information on regulatory requirements and our management approach related to our material topics can be found in the respective chapters.