In 2013, GPA initiated the construction of a corporate platform to manage risks. Management of this process is under the responsibility of the recently created Department of Risks, operating on the basis of a risk methodology and gradual alignment with the Group’s Strategic Planning.

The risks – financial, operational, strategic, regulatory, etc. – have been being mapped, analyzed and prioritized by category, in accordance with the degree of criticality and impact on costs and operations, considering too their economic, social and environmental aspects.

The phase for weighing risks is being finalized in 2014. These risks will then be analyzed using a routine of periodic monitoring for all the mapped items, together with their respective managers, with a focus on the following principal aspects:

> Standardization of the information collected.

> Group discussion of critical risks (with the participation of the Board of Executive Officers and each business).

> Preparation of plans of action specific to the risks of each business.

> Reinforcement of the training of the professionals involved with the matter.

> Inclusion of the matter on the Group’s agenda, as a permanent item on the docket of all the main Committees, as the basis for the internal auditing plan and as an integral part of the strategic planning process.

An effort will then be made to harmonize all the businesses, to exploit synergies in certain procedures and actions. Indicators will also be developed, using an automated management system.