What does Risk mean for Nexi
Nexi ERM process includes four different steps: identification, evaluation, response and monitoring.
- Risk identification
Identify main risks that could affect key value drivers and / or threaten the capability to realize strategies and achieve expected goals. - Risk evaluation
Assess the severity of identified risks and the level of vulnerability to them, in order to agree on risk management priorities. - Risk response
Define specific action plans for risks on which it is considered appropriate to strengthen risk management system. - Risk monitoring
Periodically monitor action plan to ensure proper and timely risk mitigations.
Risk Categories potentially applicable to Nexi
To simplify risk identification, Nexi has built its own risk model designed with the aim of considering all types of risks that may be applicable to the Group, including Environment, Social & Governance ones.
Risks, divided among those caused by external and internal sources, are classified in 4 categories according to the scheme:
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