Integrated Annual Report 2014

Evaluation of the system

We evaluate the ERM system’s effectiveness every year, as part of our organizational maturity assessment, the conclusions and recommendations of which are used to further improve the system. A final assessment score, expressed as a percentage, reflects:

  • the degree to which the system designed for the Company complies with best practices,
  • compliance with planned functions.
ERM evaluation as part of the annual organizational maturity assessment
Year ‘Planned’ score [%] ‘Compliance with planned’ score [%] Total score* [%]
2014 97 97 95
2013 96 97 93
2012 96 97 93

 * The total is the product of the ‘planned’ and ‘compliance with planned’ scores.