“ Risk is a conscient choice, not a twist of fate....“
G. Tschampion
Risk management at SNTGN TRANSGAZ SA is a strategic process integrated into the company's corporate governance and decision-making system, designed to identify, assess, monitor, and respond to internal and external risks in a structured and efficient manner
SNTGN TRANSGAZ SA's approach to risk management combines the knowledge, expertise, and experience of its personnel to respond to current risks and anticipate future ones.
Risk management is an integral part of the decision-making process at all levels and adds sustainable value both by increasing the likelihood of achieving objectives in an efficient and effective manner and by reducing the negative impact of operational activities on the environment, while enhancing the positive effects for people and nature.
SNTGN TRANSGAZ SA continuously reassesses its risk portfolio within a structured, systematic, and up-to-date framework supported by the following pillars:
- Risk Management Strategy, 2025-2029, a document that promotes foresight, thus preparing the company to thrive in an uncertain environment. The strategy establishes the company's attitude and approach to risk, risk tolerance limit, risk appetite, risk response strategy, vision, specific objectives, and the measures necessary to achieve them;
- System Procedure PS 05 SMI Risk Management: establishes a uniform set of rules for risk management and for preparing and updating the Risk Register;
- Risk profile: provides an overview, including a general, documented, and prioritized assessment of the identified risks to which the company is exposed. SNTGN TRANSGAZ's risk profile is updated annually;
- Risk appetite: refers to the level of risk that the company is willing to accept in order to achieve its strategic objectives;
- Risk tolerance: refers to the specific and measurable limits within which a risk is acceptable;
- Internal appointment decisions and the Rules of Organization and Operation of the Monitoring Committee and the Risk Management Team.