Risk Management ENG

Schiphol Group is exposed to various risks associated with its business activities. These risks can be risks of a strategic nature, operational risks, financial risks and risks related to compliance with statutory rules and regulations. In view of the varied nature of the activities in the different business areas, the risks also differ from one business area to another. To manage these risks, a uniform policy has been developed, ensuring that risk management forms an integral part of day-to-day operations.

The philosophy underpinning our risk management policy is that:

1. the Board of Management and managers are responsible for developing and testing the operation of internal risk management and control systems which are aimed at identifying significant risks, monitoring the achievement of objectives and safeguarding compliance with the relevant statutory rules and regulations;
2. effective internal risk management and control systems reduce the probability of mistakes, of making incorrect decisions and of surprises due to unforeseen circumstances;
3. risk-taking is vital to a thriving enterprise, with the Board of Management bearing ultimate responsibility for determining the maximum acceptable level of risk.

The risks potentially affecting the achievement of objectives are identified as thoroughly as possible. The most significant strategic, operational, financial and compliance risks are itemised below, together with an indication of their relevance to the various Schiphol Group business areas or Schiphol Group as a whole.

Amongst other things, these risks should be taken into account when evaluating any forward-looking statements.