Identifying and managing our risks

Risk management is based on principles of anticipation, information, coordination and management. The map of risks in terms of sustainable development provides our stakeholders with transparent information about the degree of commitment and suitability of Veolia Environnement on all subjects.

CHALLENGES

Furthermore, mapping enables permanent monitoring of changes to risks in a context of pressure from regulations and the demand for more information by our stakeholders.

Sustainable development challenges facing Veolia Environnement can be considered as risks or opportunities, but in both cases they change dynamically. These challenges apply to deep-seated trends, among which there are external sources that are imposed on our business such as scarcity of resources, and population and urban growth, and internal structural challenges that are specific to growth and internationalisation of the Group.

In order to organize our approach and define our challenges more precisely, we have decided to combine the internal risk mapping approach and the external approach of our sustainable development rating by BMJ Ratings.

This first presentation will be studied in more detail and a detailed map of challenges affecting the Group and each of its divisions will be produced in 2008, in coordination with the risk management department.

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CHALLENGES

Comply and adapt to regulations

Challenge : comply and adapt to regulations

Sub-challenge
1 - Competition law : setup action plan
2 - Make sites comply : guidance during organization
3 - Detection and prevention of frauds : guidance during organization
4 - Anticipate environmental regulations : setup action plan

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Changes in contractual models

Challenge : changes in contractual models

Sub-challenge
1 - Adaptation to the capability of local consumers to make contributions : guidance during organization
2 - Adaptation of proposals : guidance during organization
3 - Adaptation of the contracts in emerging countries : awareness raising

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Climate change and energy

Challenge : climate change and energy

Sub-challenge
1 - Decarbonated energy mix : guidance during organization
2 - Renewable energy : setup action plan
3 - Control of methane emissions : guidance during organization
4 - Other GHGs : guidance during organization

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Efficiency and recovery of resources

Challenge : efficiency and recovery of resources

Sub-challenge
1 - Water : setup action plan
2 - Biomass - soils : guidance during organization
3 - Secondary raw materials : guidance during organization

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Health challenges

Challenge : health challenges

Sub-challenge
1 - Drinking water and sanitation : setup action plan
2 - Legionella : setup action plan
3 - Atmospheric pollution : setup action plan
4 - Indoor air quality : guidance during organization

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Biodiversity and ecosystems balance

Challenge : biodiversity and ecosystems balance

Sub-challenge
1 - Preservation of biodiversity : guidance during organization
2 - Impact of activities on ecosystems / LCA : guidance during organization
3 - Urban biodiversity : research in progress

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Safety and health of employees at work

Challenge : safety and health of employees at work

1 - guidance during organization

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Management of skills

Challenge : management of skills

Sub-challenge
1 - Growth and replacement of workforce : guidance during organization
2 - Development of different businesses : setup action plan
3 - Career development and continuous training : setup action plan

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Cultural diversity

Challenge : cultural diversity

Sub-challenge
1 - Internationalisation of recruiting : setup action plan
2 - Contribution to local jobs : guidance during organization

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Relations with stakeholders

Challenge : relations with stakeholders

Sub-challenge
1 - Increased awareness of responsible consumption : guidance during organization
2 - Contribution to participative debates and responsible lobbying : guidance during organization
3 - Relationships with international non-government organizations : guidance during organization
4 - Relationships with the local communities : setup action plan

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Urban population growth

Challenge : urban population growth

Sub-challenge
1 - Contribution to Millennium Development Goals : guidance during organization
2 - Human rights : guidance during organization

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Innovative changes

Challenge : innovative changes

Sub-challenge
1 - Converging Technologies* : awareness raising
2 - CO2 capture / storage (evaluation) : awareness raising
3 - "Decentralized energy"** : guidance during organization

* Nanotechnologies, biotechnologies, information technologies and cognitive sciences
** Production of energy, where it is used, and not from a remote power station