Risk Management System
Gazprom International operates in varying legal, political, social, and economic environments as well as safety factors.
In pursuit of greater performance and goals, the Company has deployed a risk management system (RMS). The RMS is part of the Company’s integrated management system and encompasses all of its business processes and core activities.
Risk assessment focuses on highlighting the greatest, critical risks that can negatively affect the Company’s business and strategic targets.
As part of the Gazprom Group, the Company totally shares its vision of how a risk management system and internal controls should work.
- Consistency (integrity)
- Concept of materiality and resourcing
- Continuity (going concern)
- Segregation of duties
- Common regulatory framework
Gazprom EP International is increasingly effective in managing its risks.