The Risk Management, Internal Controls and Compliance area aims to strengthen the governance structure and support management in making decisions with efficiency, transparency and security, in addition to providing greater reliability for Stakeholders.
The main objective of the area is to conduct risk management at Norte Energia, using methodology and tools based on COSO ERM (global standard) and ISO 31000, which considers qualitative and quantitative aspects and provides the Executive Board, the Fiscal Council, the Advisory Committees and the Board of Directors with information regarding risk management so that these bodies can properly fulfill their roles.
Risks are classified by prioritization scenarios. Level 1 is the company’s most relevant risk scenario. These are loss scenarios with direct impact on the organization’s business continuity. Those risks must be validated by the Executive Board and approved by the Board of Directors. Level 2 and level 3 risks arise from risk scenarios that affect the company’s activities, without affecting business continuity. Loss scenarios are defined in the Environmental, Strategic, Financial, Operational and Regulatory categories.
In 2023, no cases related to corruption were detected in our operations assessed.