Risk management

Fugro's risk management policy is aimed at the long-term sustainable management of its business activities and the limiting or, where meaningful, hedging of the risks. Due to the wide diversity of markets, clients and regions and its broad portfolio of activities, quantifying all the existing risks relevant to the Group as a whole is virtually impossible. Risks are, however, quantified wherever possible and useful. This applies in particular to the influence of the US dollar and the British pound.

Risk Management covers the following topics

• General;
  Strengths, Weaknesses, Opportunities, Threats
  
  
• Operational ;
  Activity portfolio, Contract flow and price changes, Capacity planning
  
  
• Financial;
  Balance sheet, Currency exchange rate conversion, Pension provisions, Insurance and legal risks
  
  
• Internal systems;
  Corporate Handbook, Financial Handbook, Insurance handbook, Manual for project manage-ment, Planning, Authorisation level, Letter of representation, Internal Audit, Peer reviews, Au-dit Committee, External audit, Advisory roles, Safety, Whistle-blower's regulation
  
  
• Declaration

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