Risk management

Day-to-day risk management is part of the strategic management of the Group. All major risks must be identified and optimally managed for the company to achieve its strategic and financial goals. It is important for us to assess the Group’s aggregate exposure rather than the impact of each individual risk. Constant attention to risk management makes it possible to prevent or minimise potential economic damage.

The main risks are market risk, operational risk and financial risk, which in turn includes interest rate risk, currency risk, credit risk, liquidity risk, equity risk and legal risk. Based on the Group’s balance sheet structure and market position, none of these risks have a significant impact. Risk management is coordinated by the Group’s management board. The management of each subsidiary, in turn, develops, implements and maintains processes covering the company’s activities to manage the significant risks affecting the Group’s operations and results. Each Group company and business unit must ensure that the risks are managed on an ongoing basis in accordance with its objectives. Taking risks is a normal part of doing business, but you must be convinced that if the risk materialises, the purposeful and sustainable operations arising from the strategy of the company and business unit can continue. The Group prudently assesses the risks affecting both current business operations and investments.