Unica’s basic approach to integrated risk management is to systematically identify risks and opportunities, comprehensively, and in good time, and to then mitigate or use them, as appropriate. In determining the company’s risk appetite, the Board of Directors constantly balances the risks against the financial performance. As part of the assessment process, the main threats are carefully considered, while the mitigating measures that could limit the risks are identified.
Unica has classified the risks in five categories. A degree of risk appetite has been assigned to each category, as shown in the table below.
Unica is willing to accept risks to fulfil its ambitions. During the assessment of risks, there is always a balance between commercial opportunities and long-term social and economic risks.
During the implementation of its operational activities, Unica limits the risks to the continuity of business operation and the quality of work for its customers. Safety is subject to a zero tolerance policy, according to which risks are never taken that could endanger the safety of employees, customers or work.
Unica enjoys a solid financial foundation, with a good balance between equity and loan capital. Financial project risks are avoided through careful financial project management.
With the help of technical, organisational and policy-based measures, Unica limits the digital risks associated with the digital transformation of its own organisation and the digitalisation of the external environment.
Unica applies the highest standards of integrity, complies with all relevant legislation and regulations and ensures that these standards are observed within all companies.
Unica’s policy on risk management is centrally recorded and is a recurring topic in meetings of the Executive Committee, in which all cluster companies and shared services are represented. The Executive Committee members convey the policy lines to the decentral management teams, who then conduct their own risk assessments.
The power of attorney schedule at Unica ensures that all contracts with a value exceeding € 2.5 million undergo a check for legal aspects. If a contract fee exceeds the power of attorney of the director in question, a bid form is drawn up that must be approved by the responsible director, the legal department and the Board of Directors. For multiyear contracts with an annual contract value of more than € 10 million, approval is also required from the Supervisory Board.