Risk management
Risk management is one of the central pillars of Indra’s sustainability as a company, since it involves identifying the critical areas of its business and the risks linked thereto, as well as defining initiatives to minimise these risks, pre-empt them, prevent them and even anticipate possible responses. In other words, this means that thanks to our risk management system the company is able to operationally manage many of the aspects considered ‘material’ within the framework of its Corporate Social Responsibility policy.
Risk management has historically been a priority action area for Indra. It was first implemented in 1999 as a continuation of the insurance coverage activities. Since then, the company has internally developed its own risk management system, whereby it periodically reports to the Audit and Compliance Committee.
In June 2008, Indra launched a project risk management system, fully integrated in the project management tool, which enables us to assess and monitor the risk of each of the company’s projects. In 2009, Indra began to extend the risk management system to include the company’s corporate risk. Specifically, in 2009, we drew up a corporate risk map, to be implemented in 2010.
The corporate risk map covers all the company’s risks: technical; economic-financial; physical; legal, internal and external contractual and regulatory; human capital; information and communication technologies management, communicatio and applications; and strategic.
