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Home / About Veolia / Corporate governance / Risk management commitee

Risk Management Committee

A coordinated risk management process

The long-term trust of Veolia Environnement clients depends on the company’s ability to manage the risks outsourced to it. By deploying a coordinated risk prevention & management process, we are acknowledging the importance of an issue critical to our growth and development.
To strengthen our ability to anticipate, analyze and weigh all types of risks and make sure we are adequately prepared to deal with them, Veolia Environnement created a Risk Management Department incorporating the functions of risk management, insurance and internal auditing at end-2004.

 

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Risk Management is responsible for deploying a structured, permanent, adaptable process for managing the company’s main risks. In pursuit of that goal, it carried out three major projects in 2005.

Responsible for a coherent, comprehensive risk management process, Risk Management is creating a map of the company’s major risks. Mapping will be completed in all divisions in 2006. Risk maps will be an invaluable resource for guiding risk management at Veolia Environnement.

Risk Management makes extensive use of internal communication tools to educate employees about risk management issues and best practices. It also hosted nearly 300 managers and operations managers at a convention at Veolia Environnement’s training center in September 2005.

Finally, the Risk Management Department is involved in drafting and monitoring action plans and rules of conduct designed to foster a unified internal environment conducive to risk management. It heads the Risk Management Committee, which reports to the Senior Executive Vice President and oversees the implementation and strengthening of targeted initiatives.