Raport sustenabilitate

SUSTAINABILITY REPORT PENNY ROMANIA 2020 23/132 Risk management and compliance The assessment and management of the associated risks of PENNY Romania's operations are also essential and they are part of the management process concentrated at the organization level. We identify and manage responsibly all the business risks, the operational risks and those risks associated with the legislation of Romania. We ensure that our operations in Romania comply with the corporate requirements, with the legislation in force or with the stakeholder-specific requirements. On the other hand, we identify new opportunities that we address from the perspective of added value within the community. As part of the contextual analysis at the organizational level, we identified a number of risks and opportunities of our business. REWE Romania is exposed, within its commercial activities, to various economic risks, such as logistical risks, price developments, laws and provisions that sometimes have short implementation periods. A unitary risk management system successfully combats this risk potential and provides long-term opportunities. The management and supervisory bodies are informed every six months on the current risk situation, in a standardized form. In this regard, risk managers report the relevant risks. Similar risks are subsequently aggregated at the concern level and classified as high, medium or low depending on their potential threat to the business, financial position and earnings, cash flow and reputation of the group. PENNY - A SUSTAINABLE BUSINESS MODEL | SUSTAINABILITY STRATEGY | SUSTAINABLE ASSORTMENT | ENERGY, CLIMATE AND RESOURCES | EMPLOYEES AND SOCIETY | ABOUT THE REPORT | GRI INDEX