![]() ![]() While climate-related risks are currently identified first and foremost as the impacts of physical climate change (for example, extreme weather events) and of transitory changes in the regulations (for example, CO₂ fleet emission regulations), there is currently an undertaking to explicitly designate a physical and transitory climate risk the impacts of which can then be incorporated into the company’s own risks depending on the result.ĭescribe the impact of climate-related risks and opportunities on Porsche’s businesses, strategy, and financial planning: Regular revision of Porsche’s risk map means it is constantly changing. ![]() Managing and monitoring each risk is the responsibility of the management of the organisational unit which is most suited to the task. These rules apply to all risks and therefore also to climate-related risks.ĭescribe the climate-related risks and opportunities Porsche has identified over the short, medium, and long term: management of the operating units) is the first entity that evaluates, manages and monitors risks. In addition, the effectiveness of the risk early-warning system is audited annually by external auditors.ĭescribe management’s role in assessing and managing climate-related risks and opportunities:īased on the existing risk management system specifications, which are founded on the well-known Three Lines Model, the first line (i.e. The Executive Board of Porsche AG receives quarterly reports on the current risk exposure (primary individual risks and overall risk assessment) and, based on these, can in particular understand and assess the current degree of jeopardy for the company’s continued existence due to climate-related risks. ![]() These include “climate-related” risks, for example physical or transitory climate risks insofar as these lie above the relevance thresholds stipulated in terms of risk policy. This is implemented at Porsche by means of the existing risk management system. The risk management system is used to identify and evaluate risks throughout the company as well as handle and monitor their management. Pursuant to Section 91 (2) and (3) of Germany’s Stock Corporation Act (AktG), the management board of a stock corporation is obliged to institute a monitoring system in order to allow developments jeopardising the company’s continued existence to be identified at an early point in time. Describe the board’s oversight of climate-related risks and opportunities:
0 Comments
Leave a Reply. |