Our group's risk management model aims to identify potential events that may affect the business, and to manage risk in order to ensure the achievement of business targets.
Based on their impact, risks are classified as:
- strategic, i.e. resulting from the evolution of factors linked to the development of the strategic plan
- operational, i.e. resulting from the evolution of risk factors, both endogenous and exogenous, that might compromise the achievement of our business targets.
Risks are assessed not only individually but also from a risk portfolio perspective, taking into account the business plan and the reference context.
This process is directed by the Risk Management Steering Committee, chaired and coordinated by the Chief Financial Officer, which ensures the governance of the Group’s risk management.
TIM has also established a Business Continuity Management System to safeguard the operation of its critical processes at an acceptable level in the case of events that could compromise the provision of services, in keeping with international standards and methodologies of reference.