Internal Control and Risk Management System

Internal Control and Risk Management System

Edison's Internal Control and Risk Management System (SCIGR) consists of a structured, organic set of rules, procedures and organisational structures that, through an adequate process of identification, measurement, management and monitoring of key risks, ensure proper business management consistently with the Company's objectives, contributing to Sustainable Success.
This system is integrated into Edison's organisational, administrative and accounting and, more generally, corporate governance structure and is based on the guidelines contained in the Corporate Governance Code, taking national and international models and best practices as a reference. 
The Internal Control and Risk Management System involves a number of different subjects with specific roles and responsibilities: the Board of Directors, the Managing Director and Director in charge of the Internal Control and Risk Management System, the Control, Risk and Sustainability Committee, the Legislative Decree 231 Supervisory Board, the Board of Statutory Auditors, the Audit Company, and the Internal Audit Department.

Internal Control System

Organisational Model pursuant to Legislative Decree 231/2001

Edison's Model 231 is a set of general principles, rules of conduct, control tools and organisational procedures, training and information activities and a disciplinary system aimed at preventing the commission of predicate offences, for the purposes of exempting the Company from administrative liability.

Code of Ethics

In line with international best practice, the Code of Ethics defines the Edison Group's founding principles and ethical values, as well as the rules of conduct and rules for the implementation of these principles, and is an integral part of its Model 231.

Anti-corruption guidelines

The anti-corruption guidelines adopted by the Edison Group are part of the Group's policy of total rejection of and opposition to all forms of corrupt conduct, even in operations carried out in foreign countries.

Whistleblowing System - Reporting

Edison's whistleblowing system governs the procedures for sending, receiving, managing and processing reports received, as well as the persons involved in investigation, in compliance with the protection of the whistleblower and the reported person.

Risk Management System

Enterprise Risk Management (ERM)

Edison's integrated corporate risk management model is inspired by the international principles of Enterprise Risk Management and is characterised by a systematic approach to identifying the company's priority risks, including ESG risks, in order to assess their potential negative effects in advance and undertake appropriate mitigation actions.

The Internal Control and Risk Management System and financial disclosure

Edison, aware of the importance of financial reporting, has adopted an internal system for auditing of its accounts with the aim of guaranteeing the reliability, accuracy, trustworthiness and timeliness of its accounts, in relation to both internal bodies and the market.

The Internal Control and Risk Management System and non-financial disclosure

Edison has adopted a reporting procedure setting forth the rules applicable to the process of drafting non-financial statements with the aim of guaranteeing their completeness, correctness and transparency, as well as their consistency with GRI (Global Reporting Initiative) regulations and standards.