{"id":97801,"date":"2024-03-07T17:23:01","date_gmt":"2024-03-07T16:23:01","guid":{"rendered":"https:\/\/www.naturgy.com\/gestion-del-riesgo\/"},"modified":"2026-03-03T15:17:31","modified_gmt":"2026-03-03T14:17:31","slug":"gestio-del-risc","status":"publish","type":"page","link":"https:\/\/www.naturgy.com\/ca\/gestio-del-risc\/","title":{"rendered":"Gesti\u00f3n del risc"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"97801\" class=\"elementor elementor-97801 elementor-97799\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-32d6319f e-flex e-con-boxed e-con e-parent\" data-id=\"32d6319f\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-5b45d0af e-con-full e-flex e-con e-child\" data-id=\"5b45d0af\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-370099e elementor-widget elementor-widget-shortcode\" data-id=\"370099e\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\"><nav aria-label=\"breadcrumbs\" class=\"rank-math-breadcrumb\"><p><span class=\"last\">Inici<\/span><\/p><\/nav><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ced940d elementor-widget elementor-widget-heading\" data-id=\"ced940d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Gesti\u00f3n del risc<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-43ab0a09 e-con-full e-flex e-con e-child\" data-id=\"43ab0a09\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-24842ae1 elementor-widget elementor-widget-spacer\" data-id=\"24842ae1\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-1b88a1a e-flex e-con-boxed e-con e-parent\" data-id=\"1b88a1a\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-29c488a elementor-widget elementor-widget-heading\" data-id=\"29c488a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Model de control i gesti\u00f3 de riscs<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d50ce7c elementor-widget elementor-widget-text-editor\" data-id=\"d50ce7c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>El Model de control i gesti\u00f3 de riscs de Naturgy determina metodologies de valoraci\u00f3 del risc i modelitza, controla, gestiona i estableix el report del risc del Grup, a fi de garantir el manteniment d\u2019un perfil de risc i d\u2019uns l\u00edmits de risc objectiu que assegurin que el nivell d\u2019exposici\u00f3, en el desenvolupament de les seves activitats, sigui consistent amb els objectius anuals i estrat\u00e8gics.<\/p><p>Aquest model t\u00e9 en compte els principis d\u2019integraci\u00f3, segregaci\u00f3, homogene\u00eftat, coher\u00e8ncia i transpar\u00e8ncia del govern corporatiu i s\u2019estructura en quatre pilars:<\/p><ul><li><strong>Governan\u00e7a (<em>Risk Governance<\/em>)<\/strong>: defineix la governan\u00e7a per a cada tipologia de risc, establint la normativa necess\u00e0ria i assignant responsabilitats.<strong style=\"font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, 'Helvetica Neue', Arial, 'Noto Sans', sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol', 'Noto Color Emoji';\">\u00a0<\/strong><\/li><\/ul><ul><li><strong>Identificaci\u00f3 i avaluaci\u00f3 del risc (<em>Risk Assessment<\/em>):<\/strong> estableix les metodologies de valoraci\u00f3 de riscs, harmonitzant els procediments comuns d\u2019identificaci\u00f3, valoraci\u00f3 i tractament de la informaci\u00f3 associada a cada risc, per garantir la uniformitat i la coher\u00e8ncia tant en la quantificaci\u00f3 individual dels riscs, com en la seva posterior agregaci\u00f3, amb l\u2019objectiu d\u2019aconseguir-ne una visi\u00f3 homog\u00e8nia i integrada.<br \/>Les metodologies de valoraci\u00f3 dependran de la naturalesa dels riscs, i les m\u00e9s rellevants s\u00f3n:<\/li><\/ul><ul><li style=\"list-style-type: none;\"><ul><li>Quantitativa\/estoc\u00e0stica: simulaci\u00f3 probabil\u00edstica d\u2019escenaris, amb components aleatoris, que permet avaluar desviacions amb diferents intervals de confian\u00e7a.<\/li><li>Determinista\/escenaris: impacte esperat de l\u2019esdeveniment pel seu nivell de probabilitat.<\/li><li><em>Stress Test<\/em>: avaluaci\u00f3 d\u2019escenaris extrems.<\/li><li>Mapes de calor: an\u00e0lisi qualitativa del risc per factor.<\/li><\/ul><\/li><\/ul><ul><li><strong>L\u00edmits de risc (<em>Risk Appetite<\/em>):<\/strong> estableix la toler\u00e0ncia al risc a trav\u00e9s de la fixaci\u00f3 de l\u00edmits per a les categories de risc m\u00e9s rellevants, alineats amb els objectius del Grup.<strong style=\"font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, 'Helvetica Neue', Arial, 'Noto Sans', sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol', 'Noto Color Emoji';\">\u00a0<\/strong><\/li><\/ul><ul><li><strong>Informe i monitoratge del risc (<em>Risk Reporting<\/em>):<\/strong> estableix el report sistem\u00e0tic i peri\u00f2dic del risc a diferents nivells de gesti\u00f3, materialitzat a trav\u00e9s del Mapa corporatiu de riscs, informes de riscs recurrents i\/o informes elaborats per a necessitats concretes.<\/li><\/ul><p>El Mapa corporatiu de riscs identifica i quantifica els riscs susceptibles d\u2019afectar l\u2019acompliment de Naturgy i en proporciona una visi\u00f3 global, homog\u00e8nia i integrada.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-8593bea e-con-full e-flex e-con e-parent\" data-id=\"8593bea\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f0ee04e elementor-widget elementor-widget-spacer\" data-id=\"f0ee04e\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-06e8705 e-flex e-con-boxed e-con e-parent\" data-id=\"06e8705\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ba5b66c elementor-widget elementor-widget-heading\" data-id=\"ba5b66c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Categories de risc<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-645a05b elementor-widget elementor-widget-text-editor\" data-id=\"645a05b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Naturgy ha definit al Mapa corporatiu de riscs cinc tipologies de riscs: econ\u00f2mics, financers, operatius, reputacionals\/compliment i estrat\u00e8gics.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d53093a e-flex e-con-boxed e-con e-parent\" data-id=\"d53093a\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c6abfee elementor-widget elementor-widget-spacer\" data-id=\"c6abfee\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-8adbae6 e-flex e-con-boxed e-con e-parent\" data-id=\"8adbae6\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-87127ae elementor-widget elementor-widget-heading\" data-id=\"87127ae\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Tipologies de riscs econ\u00f2mics i financers<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4e9a6e8 elementor-widget elementor-widget-text-editor\" data-id=\"4e9a6e8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Per a les tipologies de riscs econ\u00f2mics i financers s\u2019aplica una avaluaci\u00f3 de risc per modelitzaci\u00f3 quantitativa\/estoc\u00e0stica o per metodologia determinista\/escenaris, i en aquest \u00faltim cas s\u2019avalua l\u2019impacte esperat de l\u2019esdeveniment pel seu nivell de probabilitat.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-865f661 e-flex e-con-boxed e-con e-parent\" data-id=\"865f661\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2511c2c elementor-widget elementor-widget-spacer\" data-id=\"2511c2c\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-404516d e-flex e-con-boxed e-con e-parent\" data-id=\"404516d\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3f7732e elementor-widget elementor-widget-heading\" data-id=\"3f7732e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Categories de riscs econ\u00f2mics<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8c31d7e elementor-widget elementor-widget-text-editor\" data-id=\"8c31d7e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Riscs derivats de la volatilitat de factors ex\u00f2gens, de la variaci\u00f3 de l\u2019oferta i la demanda, de la modificaci\u00f3 dels marcs reguladors, aix\u00ed com riscs de naturalesa jur\u00eddica, amb impacte en els resultats del Grup:<\/p><ul><li><strong>Risc de <em>commodity<\/em>:<\/strong> incertesa associada a la variabilitat dels preus dels b\u00e9ns energ\u00e8tics i de les mat\u00e8ries primeres amb els quals opera Naturgy.<\/li><li><strong>Risc de marge\/preu (no previst en risc de <em>commodity<\/em>): <\/strong>incertesa associada al comportament de variables clau conseq\u00fc\u00e8ncia de canvis en la pressi\u00f3 competitiva, hip\u00f2tesis de marge no assolides i\/o revisions contractuals.<\/li><li><strong>Risc de tipus de canvi:<\/strong> incertesa associada a la variaci\u00f3 de la cotitzaci\u00f3 de les divises que afecten el valor de les transaccions, actius i\/o passius en moneda estrangera del Grup.<\/li><li><strong>Risc de volum:<\/strong> incertesa associada a la variaci\u00f3 de volums produ\u00efts, aprovisionats, distribu\u00efts i\/o comercialitzats deguda a les caracter\u00edstiques pr\u00f2pies dels mercats i de la demanda on operen els negocis de Naturgy, als par\u00e0metres meteorol\u00f2gics, climatol\u00f2gics i\/o a l\u2019entorn macroecon\u00f2mic.<\/li><\/ul><p>De manera gen\u00e8rica, atesa la seva naturalesa i gesti\u00f3, aquests quatre riscs s\u2019engloben sota la denominaci\u00f3 de <strong>risc de mercat. <\/strong><\/p><ul><li><strong>Risc regulador:<\/strong> incertesa associada a la revisi\u00f3 dels marcs i\/o par\u00e0metres retributius dels negocis regulats o a la modificaci\u00f3 del marc normatiu en qu\u00e8 operen els negocis de Naturgy.<\/li><li><strong>Risc jur\u00eddic:<\/strong> incertesa associada al desenlla\u00e7 potencial de litigis, arbitratges o reclamacions jur\u00eddiques obertes contra Naturgy.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a142245 e-flex e-con-boxed e-con e-parent\" data-id=\"a142245\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-66ba5a9 elementor-widget elementor-widget-spacer\" data-id=\"66ba5a9\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-ab4200d e-flex e-con-boxed e-con e-parent\" data-id=\"ab4200d\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e15465d elementor-widget elementor-widget-heading\" data-id=\"e15465d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Categories de riscs financers<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-453ada1 elementor-widget elementor-widget-text-editor\" data-id=\"453ada1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Riscs derivats de la modificaci\u00f3 dels marcs fiscals, de l\u2019estructura i les necessitats de finan\u00e7ament dels actius, i de la morositat, amb impacte en el flux de caixa i\/o en el balan\u00e7 del Grup.<\/p><ul><li><strong>Risc fiscal:<\/strong> incertesa associada a l\u2019aplicaci\u00f3 correcta de la normativa fiscal, a la complexitat de la seva interpretaci\u00f3, aix\u00ed com a les seves possibles modificacions, amb un impacte econ\u00f2mic potencial en els comptes anuals consolidats del Grup.<\/li><li><strong>Risc de cr\u00e8dit: <\/strong>incertesa associada al deteriorament de la qualitat credit\u00edcia o a l\u2019impagament per part dels diferents segments de clients i\/o contraparts comercials i financeres amb qu\u00e8 opera Naturgy.<\/li><li><strong>Risc de tipus d\u2019inter\u00e8s:<\/strong> incertesa associada als moviments de tipus d\u2019inter\u00e8s amb impacte en la despesa financera del Grup, derivats de les necessitats de finan\u00e7ament en les divises en qu\u00e8 est\u00e0 denominat el deute de Naturgy.<\/li><li><strong>Risc de r\u00e0ting: <\/strong>incertesa associada a la revisi\u00f3 del r\u00e0ting del Grup respecte a l\u2019objectiu establert.<\/li><li><strong>Risc de liquiditat:<\/strong> incertesa associada a un augment potencial de les necessitats de finan\u00e7ament i a la capacitat del Grup per fer front a les seves obligacions financeres.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-8b77f78 e-flex e-con-boxed e-con e-parent\" data-id=\"8b77f78\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-eb08dad elementor-widget elementor-widget-spacer\" data-id=\"eb08dad\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-128060b e-flex e-con-boxed e-con e-parent\" data-id=\"128060b\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-50e7d9c elementor-widget elementor-widget-heading\" data-id=\"50e7d9c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Tipologies de riscs operatius, reputacionals\/compliment i estrat\u00e8gics<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0da2089 elementor-widget elementor-widget-text-editor\" data-id=\"0da2089\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Per a les tipologies de riscs operatius, reputacionals\/compliment i estrat\u00e8gics s\u2019aplica, en general, una avaluaci\u00f3 de riscs per modelitzaci\u00f3 quantitativa\/estoc\u00e0stica o per metodologia determinista\/escenaris, mapes de calor, avaluaci\u00f3 per r\u00e0ting intern\/extern i\/o <em>stress tests<\/em>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-695b0f5 e-flex e-con-boxed e-con e-parent\" data-id=\"695b0f5\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5d3325f elementor-widget elementor-widget-spacer\" data-id=\"5d3325f\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3a6e013 e-flex e-con-boxed e-con e-parent\" data-id=\"3a6e013\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-309425e elementor-widget elementor-widget-heading\" data-id=\"309425e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Categories de riscs operatius<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0ab6bc0 elementor-widget elementor-widget-text-editor\" data-id=\"0ab6bc0\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Riscs derivats d\u2019errors en processos, sistemes, persones, actius materials i\/o factors externs que puguin impactar negativament en la continu\u00eftat de les operacions, la sostenibilitat dels negocis i\/o que suposin p\u00e8rdues financeres, sancions legals o compromisos amb la seguretat i la salut.<\/p><ul><li><strong>Risc operacional:<\/strong> incertesa associada als esdeveniments fortu\u00efts, errors en els processos o accidents amb afectaci\u00f3 a persones, p\u00e8rdues financeres i\/o danys o indisponibilitats en els actius d\u2019explotaci\u00f3 del Grup.<\/li><li><strong>Riscs relacionats amb la natura:<\/strong> incertesa associada als efectes adversos que la degradaci\u00f3 d\u2019ecosistemes, la p\u00e8rdua d\u2019esp\u00e8cies o l\u2019alteraci\u00f3 dels serveis ecosist\u00e8mics puguin tenir sobre les operacions, la cadena de subministrament i el valor financer de Naturgy, a causa de les depend\u00e8ncies i els impactes que l\u2019organitzaci\u00f3 t\u00e9 sobre els recursos naturals.<\/li><li><strong>Risc de canvi clim\u00e0tic:<\/strong> incertesa associada als impactes f\u00edsics, per esdeveniments extrems de la naturalesa o per canvis graduals i a llarg termini del clima, i als impactes derivats de les pol\u00edtiques de transici\u00f3 que provoquin canvis en la normativa, el mercat o la tecnologia.<\/li><li><strong>Risc de <em>security<\/em>:<\/strong> incertesa associada a la materialitzaci\u00f3 de danys personals o materials generats de manera intencionada per un tercer.<\/li><li><strong>Risc de tercers:<\/strong> incertesa associada a la relaci\u00f3 amb terceres parts el comportament\/acompliment de les quals pugui suposar p\u00e8rdua, dany, interrupci\u00f3 operativa, incompliment regulador i\/o possible p\u00e8rdua de control, qualitat o servei dels processos externalitzats, incloent-hi l\u2019impacte en la continu\u00eftat d\u2019operacions per ruptures amb prove\u00efdors, contractistes, socis comercials, venedors i qualsevol altra entitat externa amb la qual l\u2019organitzaci\u00f3 tingui una relaci\u00f3 contractual o de col\u00b7laboraci\u00f3.<\/li><li><strong>Risc de frau:<\/strong> incertesa associada a la materialitzaci\u00f3 de qualsevol acci\u00f3 intencional no l\u00edcita duta a terme per un empleat o un tercer, per aconseguir un benefici propi, directe o indirecte, a trav\u00e9s de l\u2019\u00fas incorrecte dels recursos o actius de Naturgy.<\/li><li><strong>Risc ciberseguretat:<\/strong> incertesa associada a la materialitzaci\u00f3 d\u2019atacs maliciosos o esdeveniments accidentals amb impacte operacional que afecten dades, xarxes inform\u00e0tiques o tecnologia.<\/li><li><strong>Risc de protecci\u00f3 de dades:<\/strong> incertesa associada a l\u2019incompliment d\u2019obligacions en mat\u00e8ria de protecci\u00f3 de dades que pugui donar lloc a una sanci\u00f3 administrativa o sent\u00e8ncia en l\u2019\u00e0mbit civil.<\/li><li><strong>Risc de seguretat i salut:<\/strong> incertesa associada a lesions i deteriorament de la salut dels professionals de Naturgy i de les empreses col\u00b7laboradores relacionades amb la seva activitat.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-9963ea5 e-flex e-con-boxed e-con e-parent\" data-id=\"9963ea5\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d4ac49e elementor-widget elementor-widget-spacer\" data-id=\"d4ac49e\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-cd0d0b4 e-flex e-con-boxed e-con e-parent\" data-id=\"cd0d0b4\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d38cc94 elementor-widget elementor-widget-heading\" data-id=\"d38cc94\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Categories de riscs reputacional\/compliment <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-493606a elementor-widget elementor-widget-text-editor\" data-id=\"493606a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Riscs derivats de l\u2019incompliment de lleis vigents, normativa aplicable, tant interna com externa, i est\u00e0ndards \u00e8tics de Naturgy, a m\u00e9s de l\u2019inadequat acompliment en aspectes ASG, satisfacci\u00f3 del client i gesti\u00f3 del talent, que puguin generar p\u00e8rdues financeres, sancions, litigis o danys a la reputaci\u00f3 del Grup.<\/p><ul><li><strong>Risc de <em>compliance<\/em>:<\/strong> incertesa associada a l\u2019incompliment, tant de la legislaci\u00f3 vigent, com de qualsevol de les pol\u00edtiques i altra regulaci\u00f3 interna aplicable a les activitats del Grup, que puguin resultar en sancions, p\u00e8rdues financeres i\/o dany reputacional.<\/li><li><strong>Risc reputacional i ASG:<\/strong> incertesa associada al canvi de la percepci\u00f3 dels grups d\u2019inter\u00e8s respecte de la reputaci\u00f3 de Naturgy i de la seva capacitat per desenvolupar negocis sostenibles des d\u2019un punt de vista ambiental, social i de governabilitat (ASG).<\/li><li><strong>Risc de satisfacci\u00f3 del client:<\/strong> incertesa associada al deteriorament de la satisfacci\u00f3 del client per d\u00e8ficit en l\u2019execuci\u00f3 dels processos amb impacte en el seu cicle de vida.<\/li><li><strong>Risc de persones:<\/strong> incertesa associada a canvis en contextos politicoecon\u00f2mics, modificacions en la normativa laboral, o aquells derivats de la mateixa gesti\u00f3 dels processos que integren la proposta de valor i experi\u00e8ncia professional a Naturgy.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-05e9c60 e-flex e-con-boxed e-con e-parent\" data-id=\"05e9c60\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-39a572e elementor-widget elementor-widget-spacer\" data-id=\"39a572e\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-17a78cc e-flex e-con-boxed e-con e-parent\" data-id=\"17a78cc\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ba07bdc elementor-widget elementor-widget-heading\" data-id=\"ba07bdc\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Categories de riscs estrat\u00e8gics<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a91df60 elementor-widget elementor-widget-text-editor\" data-id=\"a91df60\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Riscs associats a la cartera de negocis a llarg termini de Naturgy derivats de la planificaci\u00f3 estrat\u00e8gica (com l\u2019exposici\u00f3 a <em>commodities<\/em> a llarg termini, l\u2019assignaci\u00f3 de capital per geografia, el perfil de risc dels negocis, l\u2019estrat\u00e8gia comercial i el desenvolupament de noves iniciatives), de canvis en l\u2019entorn competitiu, de la sostenibilitat del negoci (incloent-hi el canvi clim\u00e0tic i altres riscs relacionats amb la naturalesa) i de les apostes d\u2019innovaci\u00f3, que afecten la capacitat de l\u2019empresa per assolir els seus objectius a llarg termini. En general, els impactes dels riscs estrat\u00e8gics s\u2019integraran com a projeccions, en l\u2019horitz\u00f3 temporal corresponent, dins dels riscs econ\u00f2mics, financers, operatius i dels reputacionals\/compliment.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5a0237f e-flex e-con-boxed e-con e-parent\" data-id=\"5a0237f\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e946f77 elementor-widget elementor-widget-spacer\" data-id=\"e946f77\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-79d3497 e-flex e-con-boxed e-con e-parent\" data-id=\"79d3497\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f4a5374 elementor-widget elementor-widget-heading\" data-id=\"f4a5374\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Riscs principals: descripci\u00f3, gesti\u00f3 i m\u00e8trica<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-69e0776 e-flex e-con-boxed e-con e-parent\" data-id=\"69e0776\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-54b5ec2 elementor-widget elementor-widget-spacer\" data-id=\"54b5ec2\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-be13dff grid col-3 e-flex e-con-boxed e-con e-parent\" data-id=\"be13dff\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9c57806 kec-table elementor-widget elementor-widget-shortcode\" data-id=\"9c57806\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">\n<table id=\"tablepress-590\" class=\"tablepress tablepress-id-590\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Tipus de risc<\/th><th class=\"column-2\">Descripci\u00f3<\/th><th class=\"column-3\">Gesti\u00f3<\/th><th class=\"column-4\">M\u00e8trica<\/th><th class=\"column-5\"> <\/th><th class=\"column-6\">Tend\u00e8ncia<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Riscs de commodity<\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\"> <\/td><td class=\"column-6\"><\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Preu de les primeres mat\u00e8ries: Gas<\/td><td class=\"column-2\">Volatilitat als mercats internacionals que determinen el preu del gas.<\/td><td class=\"column-3\">Gesti\u00f3 de la cartera de compra i de venda, complementada amb cobertures financeres.<\/td><td class=\"column-4\">Estoc\u00e0stica<\/td><td class=\"column-5\">\u21c6<\/td><td class=\"column-6\">Volatilitat dels \u00edndexs de gas. Desacoblament en l\u2019evoluci\u00f3 dels preus de commodities.<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Preu de les primeres mat\u00e8ries: Electricitat<\/td><td class=\"column-2\">Volatilitat als mercats d\u2019electricitat.<\/td><td class=\"column-3\">Optimitzaci\u00f3 del parc de generaci\u00f3 i estructura de comercialitzaci\u00f3, complementat amb cobertures financeres.<br \/>\n<\/td><td class=\"column-4\">Estoc\u00e0stica<\/td><td class=\"column-5\">\u2191<\/td><td class=\"column-6\">Penetraci\u00f3 de renovables amb cost marginal zero i producci\u00f3 intermitent. Desacoblament en l\u2019evoluci\u00f3 dels preus de commodities.<br \/>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-590 from cache -->\n<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2e3c4db e-con-full e-flex e-con e-parent\" data-id=\"2e3c4db\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4f5f121 elementor-widget elementor-widget-spacer\" data-id=\"4f5f121\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-bac0102 grid col-3 e-flex e-con-boxed e-con e-parent\" data-id=\"bac0102\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1a76a68 kec-table elementor-widget elementor-widget-shortcode\" data-id=\"1a76a68\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">\n<table id=\"tablepress-591\" class=\"tablepress tablepress-id-591\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Risc tipus de canvi<\/th><th class=\"column-2\">Descripci\u00f3<\/th><th class=\"column-3\">Gesti\u00f3<\/th><th class=\"column-4\">M\u00e8trica<\/th><th class=\"column-5\"> <\/th><th class=\"column-6\">Tend\u00e8ncia<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Tipus de canvi<\/td><td class=\"column-2\">Volatilitat de les divises als pa\u00efsos on Naturgy opera.<\/td><td class=\"column-3\">Diversificaci\u00f3 geogr\u00e0fica. Cobertures mitjan\u00e7ant finan\u00e7ament en moneda local, derivats financers i pricing.<\/td><td class=\"column-4\">Estoc\u00e0stica<\/td><td class=\"column-5\">\u2191<\/td><td class=\"column-6\">Incertesa sobre les perspectives de creixement i inflaci\u00f3 a Llatinoam\u00e8rica, especialment a Argentina, Brasil i M\u00e8xic en menys mesura.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-591 from cache --><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-8fcf7fe e-flex e-con-boxed e-con e-parent\" data-id=\"8fcf7fe\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-19e541e elementor-widget elementor-widget-spacer\" data-id=\"19e541e\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7ccf345 grid col-3 e-flex e-con-boxed e-con e-parent\" data-id=\"7ccf345\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-02e8286 kec-table elementor-widget elementor-widget-shortcode\" data-id=\"02e8286\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">\n<table id=\"tablepress-592\" class=\"tablepress tablepress-id-592\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Tipus de risc<\/th><th class=\"column-2\">Descripci\u00f3<\/th><th class=\"column-3\">Gesti\u00f3<\/th><th class=\"column-4\">M\u00e8trica<\/th><th class=\"column-5\"> <\/th><th class=\"column-6\">Tend\u00e8ncia<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Regulatori<\/td><td class=\"column-2\">Exposici\u00f3 a la revisi\u00f3 dels criteris i nivells de rendibilitat reconeguda per a les activitats regulades i\/o noves mesures reguladores.<\/td><td class=\"column-3\">Intensificaci\u00f3 de la comunicaci\u00f3 amb organismes reguladors. Ajustament d\u2019efici\u00e8ncies i inversions a les taxes reconegudes.<\/td><td class=\"column-4\">Escenaris<\/td><td class=\"column-5\">\u2191<\/td><td class=\"column-6\">Pressi\u00f3 dels reguladors, en funci\u00f3 de la situaci\u00f3 del pa\u00eds\/sector.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-592 from cache --><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c40bad0 e-flex e-con-boxed e-con e-parent\" data-id=\"c40bad0\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-723c27e elementor-widget elementor-widget-spacer\" data-id=\"723c27e\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-ea03222 e-flex e-con-boxed e-con e-parent\" data-id=\"ea03222\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c50e414 kec-table elementor-widget elementor-widget-shortcode\" data-id=\"c50e414\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">\n<table id=\"tablepress-593\" class=\"tablepress tablepress-id-593\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Tipus de risc<\/th><th class=\"column-2\">Descripci\u00f3<\/th><th class=\"column-3\">Gesti\u00f3<\/th><th class=\"column-4\">M\u00e8trica<\/th><th class=\"column-5\"> <\/th><th class=\"column-6\">Tend\u00e8ncia<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Riscos de volum<\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\"> <\/td><td class=\"column-6\"><\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Volum: Gas<\/td><td class=\"column-2\">Desajust entre l\u2019oferta i la demanda de gas.<\/td><td class=\"column-3\">Optimitzaci\u00f3 de contractes i actius a escala global.<\/td><td class=\"column-4\">Determinista\/<br \/>\r\nEstoc\u00e0stica<\/td><td class=\"column-5\">\u21c6<\/td><td class=\"column-6\">Pressi\u00f3 de la demanda agregada. Risc de curtailments i interrupci\u00f3 del subministrament.<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Volum: Electricitat<\/td><td class=\"column-2\">Reducci\u00f3 del buit t\u00e8rmic disponible.<br \/>\nIncertesa en el volum de producci\u00f3 renovable per variabilitat del recurs.<br \/>\n<\/td><td class=\"column-3\">Optimitzaci\u00f3 del balan\u00e7 el\u00e8ctric de Naturgy.<\/td><td class=\"column-4\">Estoc\u00e0stica<\/td><td class=\"column-5\">\u21c6<\/td><td class=\"column-6\">Pressi\u00f3 de la demanda agregada. Previsibilitat de producci\u00f3 renovable.<br \/>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-593 from cache --><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-fc654da e-flex e-con-boxed e-con e-parent\" data-id=\"fc654da\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-64e5536 elementor-widget elementor-widget-spacer\" data-id=\"64e5536\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-9553510 e-flex e-con-boxed e-con e-parent\" data-id=\"9553510\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-fc8e243 kec-table elementor-widget elementor-widget-shortcode\" data-id=\"fc8e243\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">\n<table id=\"tablepress-594\" class=\"tablepress tablepress-id-594\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Tipus de risc<\/th><th class=\"column-2\">Descripci\u00f3<\/th><th class=\"column-3\">Gesti\u00f3<\/th><th class=\"column-4\">M\u00e8trica<\/th><th class=\"column-5\"> <\/th><th class=\"column-6\">Tend\u00e8ncia<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Marge\/preu<\/td><td class=\"column-2\">Risc originat per canvis en la pressi\u00f3 competitiva o escenaris d\u2019optimitzaci\u00f3 de marge.<\/td><td class=\"column-3\">Gesti\u00f3 de la cartera adequant els terminis de contractaci\u00f3.<\/td><td class=\"column-4\">Escenaris<\/td><td class=\"column-5\">\u2191<\/td><td class=\"column-6\">Revisi\u00f3 de contractes a llarg termini de gas.<br \/>\nPressi\u00f3 competitiva en la renovaci\u00f3 de contractes de subministrament.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-594 from cache --><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-82c8cea e-flex e-con-boxed e-con e-parent\" data-id=\"82c8cea\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-210bb31 elementor-widget elementor-widget-spacer\" data-id=\"210bb31\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b0ed96c e-flex e-con-boxed e-con e-parent\" data-id=\"b0ed96c\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b1f7a1e kec-table elementor-widget elementor-widget-shortcode\" data-id=\"b1f7a1e\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">\n<table id=\"tablepress-595\" class=\"tablepress tablepress-id-595\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Tipus de risc<\/th><th class=\"column-2\">Descripci\u00f3<\/th><th class=\"column-3\">Gesti\u00f3<\/th><th class=\"column-4\">M\u00e8trica<\/th><th class=\"column-5\"> <\/th><th class=\"column-6\">Tend\u00e8ncia<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Jur\u00eddic<\/td><td class=\"column-2\">Incertesa derivada del desenlla\u00e7 Incertesa derivada del desenlla\u00e7 potencial de litigis, arbitratges o reclamacions jur\u00eddiques obertes.<\/td><td class=\"column-3\">An\u00e0lisi i mitigaci\u00f3 dels riscos legals An\u00e0lisi i mitigaci\u00f3 dels riscos legals que afectin l\u2019operativitat de l\u2019empresa i el govern corporatiu.<br \/>\nContractaci\u00f3 de firmes jur\u00eddiques de primer nivell.<br \/>\nDotaci\u00f3 de provisions segons normativa comptable.<br \/>\n<\/td><td class=\"column-4\">Escenaris<\/td><td class=\"column-5\">\u21c6<\/td><td class=\"column-6\">Diferents unitats de negoci afectades amb diverses normes legals a cada pa\u00eds.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-595 from cache --><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-61c0082 e-flex e-con-boxed e-con e-parent\" data-id=\"61c0082\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d6439ae elementor-widget elementor-widget-spacer\" data-id=\"d6439ae\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-473ad1d e-flex e-con-boxed e-con e-parent\" data-id=\"473ad1d\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-99beb74 kec-table elementor-widget elementor-widget-shortcode\" data-id=\"99beb74\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">\n<table id=\"tablepress-596\" class=\"tablepress tablepress-id-596\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Tipus de risc<\/th><th class=\"column-2\">Descripci\u00f3<\/th><th class=\"column-3\">Gesti\u00f3<\/th><th class=\"column-4\">M\u00e8trica<\/th><th class=\"column-5\"> <\/th><th class=\"column-6\">Tend\u00e8ncia<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Risc operacional<\/td><td class=\"column-2\">Accidents, danys o indisponibilitats en els actius de Naturgy. Respecte a incidents mediambientals, inclou la possible superaci\u00f3, de manera natural o per acci\u00f3 humana, dels l\u00edmits ambientals obligatoris, fixats pel regulador, i la possibilitat que es produeixin danys a tercers, als ecosistemes o a la biodiversitat.<\/td><td class=\"column-3\">Plans de millora cont\u00ednua. Optimitzaci\u00f3 del cost total de risc i de les cobertures. Plans d\u2019emerg\u00e8ncia en instal\u00b7lacions amb risc d\u2019accident ambiental. P\u00f2lisses d\u2019asseguran\u00e7a espec\u00edfiques. Gesti\u00f3 integral ambiental, a trav\u00e9s d\u2019un sistema integrat de gesti\u00f3, certificat i auditat anualment per T\u00dcV (mediambiental).<br \/>\n<\/td><td class=\"column-4\">Estoc\u00e0stica<\/td><td class=\"column-5\">\u21c6<\/td><td class=\"column-6\">Mercat assegurador tou a curt termini, amb millores de cobertura i baixada de prima, per disminuci\u00f3 de sinistralitat de cat\u00e0strofe natural els \u00faltims 48 mesos.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-596 from cache --><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e6ee2fa e-flex e-con-boxed e-con e-parent\" data-id=\"e6ee2fa\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a7b749d elementor-widget elementor-widget-spacer\" data-id=\"a7b749d\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-0a7a216 e-flex e-con-boxed e-con e-parent\" data-id=\"0a7a216\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c24a35a kec-table elementor-widget elementor-widget-shortcode\" data-id=\"c24a35a\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">\n<table id=\"tablepress-597\" class=\"tablepress tablepress-id-597\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Tipus de risc<\/th><th class=\"column-2\">Descripci\u00f3<\/th><th class=\"column-3\">Gesti\u00f3<\/th><th class=\"column-4\">M\u00e8trica<\/th><th class=\"column-5\"> <\/th><th class=\"column-6\">Tend\u00e8ncia<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Cr\u00e8dit<\/td><td class=\"column-2\">Incertesa associada a la probabilitat d\u2019impagament de les obligacions financeres o el deteriorament de la qualitat credit\u00edcia dels diferents clients finals i contraparts.<\/td><td class=\"column-3\">An\u00e0lisi de solv\u00e8ncia de clients per definir condicions contractuals espec\u00edfiques.<br \/>\nProc\u00e9s de recobrament.<br \/>\nContractaci\u00f3 d\u2019assegurances.<\/td><td class=\"column-4\">Estoc\u00e0stica<\/td><td class=\"column-5\">\u21c6<\/td><td class=\"column-6\">Estabilitat de la p\u00e8rdua esperada i inesperada.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-597 from cache --><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-8259530 e-flex e-con-boxed e-con e-parent\" data-id=\"8259530\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9e209bb elementor-widget elementor-widget-spacer\" data-id=\"9e209bb\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e68dc5f e-flex e-con-boxed e-con e-parent\" data-id=\"e68dc5f\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c776974 kec-table elementor-widget elementor-widget-shortcode\" data-id=\"c776974\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">\n<table id=\"tablepress-598\" class=\"tablepress tablepress-id-598\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Tipus de risc<\/th><th class=\"column-2\">Descripci\u00f3<\/th><th class=\"column-3\">Gesti\u00f3<\/th><th class=\"column-4\">M\u00e8trica<\/th><th class=\"column-5\"> <\/th><th class=\"column-6\">Tend\u00e8ncia<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Tipus d'inter\u00e8s<\/td><td class=\"column-2\">Volatilitat en els tipus d\u2019inter\u00e8s aplicables al finan\u00e7ament de Naturgy.<\/td><td class=\"column-3\">Diversificaci\u00f3 de fonts de finan\u00e7ament.<br \/>\nGesti\u00f3 del deute.<br \/>\nCobertures financeres.<\/td><td class=\"column-4\">Estoc\u00e0stica<\/td><td class=\"column-5\">\u21c6<\/td><td class=\"column-6\">Incertesa respecte al nivell d\u2019escenari del tipus d\u2019inter\u00e8s.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-598 from cache --><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a880c30 e-flex e-con-boxed e-con e-parent\" data-id=\"a880c30\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-42ba080 elementor-widget elementor-widget-spacer\" data-id=\"42ba080\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-f4dc068 e-flex e-con-boxed e-con e-parent\" data-id=\"f4dc068\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7f7322f kec-table elementor-widget elementor-widget-shortcode\" data-id=\"7f7322f\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">\n<table id=\"tablepress-599\" class=\"tablepress tablepress-id-599\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Tipus de risc<\/th><th class=\"column-2\">Descripci\u00f3<\/th><th class=\"column-3\">Gesti\u00f3<\/th><th class=\"column-4\">M\u00e8trica<\/th><th class=\"column-5\"> <\/th><th class=\"column-6\">Tend\u00e8ncia<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Fiscal<\/td><td class=\"column-2\">Ambig\u00fcitat o subjectivitat en la interpretaci\u00f3 de la normativa fiscal vigent, o b\u00e9 per l\u2019alteraci\u00f3 o l\u2019aprovaci\u00f3 de noves mesures.<\/td><td class=\"column-3\">Consultes a organismes experts independents.<br \/>\nContractaci\u00f3 de firmes assessores de primer nivell.<br \/>\nAdhesi\u00f3 al Codi de bones pr\u00e0ctiques tribut\u00e0ries.<br \/>\nDotaci\u00f3 de provisions segons normativa comptable.<\/td><td class=\"column-4\">Escenaris<\/td><td class=\"column-5\">\u2191<\/td><td class=\"column-6\">Creixent complexitat de les figures tribut\u00e0ries aplicables i gran dispersi\u00f3 normativa entre diferents administracions fiscals. Tot aix\u00f2 afectant les diferents unitats de negoci i corporatives.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-599 from cache --><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e899e0e e-flex e-con-boxed e-con e-parent\" data-id=\"e899e0e\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4f53e08 elementor-widget elementor-widget-spacer\" data-id=\"4f53e08\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-15fce65 e-flex e-con-boxed e-con e-parent\" data-id=\"15fce65\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-41a27a4 kec-table elementor-widget elementor-widget-shortcode\" data-id=\"41a27a4\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">\n<table id=\"tablepress-600\" class=\"tablepress tablepress-id-600\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Tipus de risc<\/th><th class=\"column-2\">Descripci\u00f3<\/th><th class=\"column-3\">Gesti\u00f3<\/th><th class=\"column-4\">M\u00e8trica<\/th><th class=\"column-5\"> <\/th><th class=\"column-6\">Tend\u00e8ncia<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Riscs de liquiditat i r\u00e0ting<\/td><td class=\"column-2\">Riscs financers associats al manteniment del r\u00e0ting del Grup, derivat de les condicions de liquiditat o altres causes. <\/td><td class=\"column-3\">Establiment de mesures per assegurar la liquiditat i el r\u00e0ting objectiu.<\/td><td class=\"column-4\">Escenaris<\/td><td class=\"column-5\">\u21c6<\/td><td class=\"column-6\">Ratificaci\u00f3 d\u2019objectiu del r\u00e0ting dins d\u2019Investment Grade.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-600 from cache --><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4572fef e-flex e-con-boxed e-con e-parent\" data-id=\"4572fef\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e19819b elementor-widget elementor-widget-spacer\" data-id=\"e19819b\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4485d8f e-flex e-con-boxed e-con e-parent\" data-id=\"4485d8f\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-def60e8 kec-table elementor-widget elementor-widget-shortcode\" data-id=\"def60e8\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">\n<table id=\"tablepress-601\" class=\"tablepress tablepress-id-601\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Tipus de risc<\/th><th class=\"column-2\">Descripci\u00f3<\/th><th class=\"column-3\">Gesti\u00f3<\/th><th class=\"column-4\">M\u00e8trica<\/th><th class=\"column-5\"> <\/th><th class=\"column-6\">Tend\u00e8ncia<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2\">\n\t<td class=\"column-1\"><em>Security<\/em><\/td><td class=\"column-2\">Risc residual associat a danys personals o materials generats de manera intencionada per un tercer sobre instal\u00b7lacions cr\u00edtiques.<\/td><td class=\"column-3\">Posicionament corporatiu a trav\u00e9s de la Pol\u00edtica de Security, definint model<br \/>\nde protecci\u00f3 espec\u00edfic per a infraestructures cr\u00edtiques (IC). Interlocuci\u00f3 amb negocis, Centre Nacional per a la Protecci\u00f3 d\u2019Infraestructures Cr\u00edtiques (CNPIC), Institut Nacional de Ciberseguretat (INCIBE-CERT) i altres organismes.<\/td><td class=\"column-4\">Mapa de calor \/ Escenaris<\/td><td class=\"column-5\">\u21c6<\/td><td class=\"column-6\">Auditories de certificaci\u00f3 de les entitats cr\u00edtiques per part del regulador (futur CNPREC), la resili\u00e8ncia operativa tindr\u00e0 gran pes.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-601 from cache --><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-921b28b e-flex e-con-boxed e-con e-parent\" data-id=\"921b28b\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-596201b elementor-widget elementor-widget-spacer\" data-id=\"596201b\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-554f250 e-flex e-con-boxed e-con e-parent\" data-id=\"554f250\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a56c56f kec-table elementor-widget elementor-widget-shortcode\" data-id=\"a56c56f\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">\n<table id=\"tablepress-602\" class=\"tablepress tablepress-id-602\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Tipus de risc<\/th><th class=\"column-2\">Descripci\u00f3<\/th><th class=\"column-3\">Gesti\u00f3<\/th><th class=\"column-4\">M\u00e8trica<\/th><th class=\"column-5\"> <\/th><th class=\"column-6\">Tend\u00e8ncia<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Tercers<\/td><td class=\"column-2\">Incertesa associada a la relaci\u00f3 amb terceres parts el comportament\/acompliment de les quals pugui suposar p\u00e8rdua, dany, interrupci\u00f3 operativa, incompliment regulador i\/o possible p\u00e8rdua de control.<\/td><td class=\"column-3\">Gesti\u00f3 del risc de prove\u00efdors. Procediments de deguda dilig\u00e8ncia per a l\u2019an\u00e0lisi de riscs de contrapart. Adhesi\u00f3 sistem\u00e0ticament al Codi \u00e8tic del prove\u00efdor.<br \/>\nPla anual d\u2019auditoria interna, amb detecci\u00f3 de debilitats i implantaci\u00f3 d\u2019accions de millora amb supervisi\u00f3 de la Comissi\u00f3 d\u2019Auditoria i Control.<\/td><td class=\"column-4\">Mapa de calor \/ Escenaris<\/td><td class=\"column-5\">\u2191<\/td><td class=\"column-6\">Avaluaci\u00f3, monitoratge i seguiment de prove\u00efdors segons els riscs del sector d\u2019energia, els riscs espec\u00edfics del subministrament, aix\u00ed com els riscs del pa\u00eds en el qual es fa aquest subministrament.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-602 from cache --><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-847077e e-flex e-con-boxed e-con e-parent\" data-id=\"847077e\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3dfd14d elementor-widget elementor-widget-spacer\" data-id=\"3dfd14d\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-514b944 e-flex e-con-boxed e-con e-parent\" data-id=\"514b944\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-bdf1ed4 kec-table elementor-widget elementor-widget-shortcode\" data-id=\"bdf1ed4\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">\n<table id=\"tablepress-603\" class=\"tablepress tablepress-id-603\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Tipus de risc<\/th><th class=\"column-2\">Descripci\u00f3<\/th><th class=\"column-3\">Gesti\u00f3<\/th><th class=\"column-4\">M\u00e8trica<\/th><th class=\"column-5\"> <\/th><th class=\"column-6\">Tend\u00e8ncia<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Frau<\/td><td class=\"column-2\">Risc derivat de qualsevol acci\u00f3 intencional no l\u00edcita duta a terme per un empleat o un tercer, per aconseguir un benefici propi o per a un tercer, directe o indirecte, a trav\u00e9s de l\u2019\u00fas incorrecte dels recursos o actius de Naturgy.<\/td><td class=\"column-3\">Mecanismes de control a trav\u00e9s del sistema de control intern d\u2019informaci\u00f3 financera (SCIIF), del model de prevenci\u00f3 penal i la Pol\u00edtica global d\u2019informaci\u00f3 financera i de sostenibilitat. Auditories cont\u00ednues<br \/>\n<\/td><td class=\"column-4\">Escenaris<\/td><td class=\"column-5\">\u2191<\/td><td class=\"column-6\">Millora en r\u00e0tios d\u2019identificaci\u00f3 de fraus, a trav\u00e9s d\u2019eines i desenvolupaments d\u2019IA, per ajudar a contenir els nivells de frau.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-603 from cache --><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-9b252c1 e-flex e-con-boxed e-con e-parent\" data-id=\"9b252c1\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-06e5cd6 elementor-widget elementor-widget-spacer\" data-id=\"06e5cd6\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e778fc5 e-flex e-con-boxed e-con e-parent\" data-id=\"e778fc5\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e04c62f kec-table elementor-widget elementor-widget-shortcode\" data-id=\"e04c62f\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">\n<table id=\"tablepress-604\" class=\"tablepress tablepress-id-604\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Tipus de risc<\/th><th class=\"column-2\">Descripci\u00f3<\/th><th class=\"column-3\">Gesti\u00f3<\/th><th class=\"column-4\">M\u00e8trica<\/th><th class=\"column-5\"> <\/th><th class=\"column-6\">Tend\u00e8ncia<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Ciberseguretat<\/td><td class=\"column-2\">Atacs maliciosos o esdeveniments accidentals que afecten les dades, les xarxes inform\u00e0tiques o la tecnologia.<\/td><td class=\"column-3\">Implementaci\u00f3 de mesures de seguretat; an\u00e0lisi d\u2019esdeveniments i d\u2019aplicaci\u00f3 de remeis; formaci\u00f3. <br \/>\nRefor\u00e7 dels plans de conscienciaci\u00f3, tecnol\u00f2gics i de mesures de protecci\u00f3 d\u2019infraestructures i actius d\u2019operaci\u00f3 per mitigar la probabilitat de materialitzaci\u00f3 de riscs i impactes associats.<\/td><td class=\"column-4\">Escenaris \/ Mapa de calor<\/td><td class=\"column-5\">\u2191<\/td><td class=\"column-6\">Increment d\u2019amenaces potenciades per \u00fas d\u2019IA, per cibercriminals i el context geopol\u00edtic. <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-604 from cache --><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-26c55ad e-flex e-con-boxed e-con e-parent\" data-id=\"26c55ad\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-96094a3 elementor-widget elementor-widget-spacer\" data-id=\"96094a3\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2d8ee53 e-flex e-con-boxed e-con e-parent\" data-id=\"2d8ee53\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2efd13a elementor-widget elementor-widget-spacer\" data-id=\"2efd13a\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e7bf731 e-flex e-con-boxed e-con e-parent\" data-id=\"e7bf731\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-efef2c9 kec-table elementor-widget elementor-widget-shortcode\" data-id=\"efef2c9\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">\n<table id=\"tablepress-606\" class=\"tablepress tablepress-id-606\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Tipus de risc<\/th><th class=\"column-2\">Descripci\u00f3<\/th><th class=\"column-3\">Gesti\u00f3<\/th><th class=\"column-4\">M\u00e8trica<\/th><th class=\"column-5\"> <\/th><th class=\"column-6\">Tend\u00e8ncia<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Protecci\u00f3 de dades<\/td><td class=\"column-2\">Incertesa associada a l\u2019incompliment de les obligacions en mat\u00e8ria de protecci\u00f3 de dades que pot donar lloc a una sanci\u00f3 administrativa o sent\u00e8ncia en l\u2019\u00e0mbit civil.<\/td><td class=\"column-3\">Pla d\u2019acci\u00f3 per a l\u2019\u00e0rea de Negoci per mitigar el risc associat a cada obligaci\u00f3 en funci\u00f3 de la prioritat i criticitat. Es treballa en l\u00ednia amb els requisits del Reglament general de protecci\u00f3 de dades (RGPD) i de la Llei org\u00e0nica 3\/2018, de 5 de desembre, de protecci\u00f3 de dades personals i garantia dels drets digitals (LOPDGDD). Pla d\u2019auditoria interna de revisi\u00f3 peri\u00f2dica del compliment. <\/td><td class=\"column-4\">Mapa de calor \/ Escenaris<\/td><td class=\"column-5\">\u2191<\/td><td class=\"column-6\">Incertesa i enduriment normatiu.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-606 from cache --><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b273176 e-flex e-con-boxed e-con e-parent\" data-id=\"b273176\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c771ab3 elementor-widget elementor-widget-spacer\" data-id=\"c771ab3\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-231321b e-flex e-con-boxed e-con e-parent\" data-id=\"231321b\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b028ab5 kec-table elementor-widget elementor-widget-shortcode\" data-id=\"b028ab5\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">\n<table id=\"tablepress-607\" class=\"tablepress tablepress-id-607\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Tipus de risc<\/th><th class=\"column-2\">Descripci\u00f3<\/th><th class=\"column-3\">Gesti\u00f3<\/th><th class=\"column-4\">M\u00e8trica<\/th><th class=\"column-5\"> <\/th><th class=\"column-6\">Tend\u00e8ncia<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Relacionats amb la natura<\/td><td class=\"column-2\">Efectes adversos que la degradaci\u00f3 d\u2019ecosistemes, la p\u00e8rdua d\u2019esp\u00e8cies o l\u2019alteraci\u00f3 dels serveis ecosist\u00e8mics poden tenir sobre les operacions, la cadena de subministrament i el valor financer de Naturgy, a causa de les depend\u00e8ncies i els impactes que l\u2019organitzaci\u00f3 t\u00e9 sobre els recursos naturals<\/td><td class=\"column-3\">Plans d\u2019emerg\u00e8ncia en instal\u00b7lacions amb risc d\u2019accident ambiental.                                           <br \/>\nP\u00f2lisses d\u2019asseguran\u00e7a espec\u00edfiques.<br \/>\nGesti\u00f3 integral ambiental.<br \/>\nNaturgy va adoptar les recomanacions dels grups de treball internacional Task Force on Nature-related Financial Disclosures (TNFD), pel que fa a l\u2019an\u00e0lisi de riscs i oportunitats relacionats amb la biodiversitat.<br \/>\n<\/td><td class=\"column-4\">Escenaris \/ Mapa de calor<\/td><td class=\"column-5\">\u21c6<\/td><td class=\"column-6\">Elevat canvi normatiu i\/o regulador en funci\u00f3 de la localitzaci\u00f3.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-607 from cache --><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-0892b5e e-flex e-con-boxed e-con e-parent\" data-id=\"0892b5e\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b1c055e elementor-widget elementor-widget-spacer\" data-id=\"b1c055e\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a9e7b03 e-flex e-con-boxed e-con e-parent\" data-id=\"a9e7b03\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9e1d386 kec-table elementor-widget elementor-widget-shortcode\" data-id=\"9e1d386\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">\n<table id=\"tablepress-608\" class=\"tablepress tablepress-id-608\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Tipus de risc<\/th><th class=\"column-2\">Descripci\u00f3<\/th><th class=\"column-3\">Gesti\u00f3<\/th><th class=\"column-4\">M\u00e8trica<\/th><th class=\"column-5\"> <\/th><th class=\"column-6\">Tend\u00e8ncia<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Seguretat i salut<\/td><td class=\"column-2\">Risc de lesions i deteriorament de la salut dels professionals de Naturgy i de les empreses col\u00b7laboradores relacionats amb l\u2019activitat.<\/td><td class=\"column-3\">Sistema de gesti\u00f3 de seguretat i salut Pla de seguretat dirigit al control dels sis factors de risc de m\u00e9s criticitat per freq\u00fc\u00e8ncia i gravetat<br \/>\nd\u2019accidentabilitat: espais confinats, treball en altura, risc el\u00e8ctric, tala i poda d\u2019arbratge, manipulaci\u00f3 de c\u00e0rrega i seguretat vi\u00e0ria.<\/td><td class=\"column-4\">Mapa de calor \/ Escenaris<\/td><td class=\"column-5\">\u21c6<\/td><td class=\"column-6\">Estable en valors baixos de risc.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-608 from cache --><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b83ca04 e-flex e-con-boxed e-con e-parent\" data-id=\"b83ca04\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8172cc7 elementor-widget elementor-widget-spacer\" data-id=\"8172cc7\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-343aa36 e-flex e-con-boxed e-con e-parent\" data-id=\"343aa36\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-abad793 kec-table elementor-widget elementor-widget-shortcode\" data-id=\"abad793\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">\n<table id=\"tablepress-609\" class=\"tablepress tablepress-id-609\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Tipus de risc<\/th><th class=\"column-2\">Descripci\u00f3<\/th><th class=\"column-3\">Gesti\u00f3<\/th><th class=\"column-4\">M\u00e8trica<\/th><th class=\"column-5\"> <\/th><th class=\"column-6\">Tend\u00e8ncia<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Reputacional i ASG<\/td><td class=\"column-2\">Deteriorament de la percepci\u00f3 de Naturgy des de diferents grups d\u2019inter\u00e8s, per motius ambientals, socials i de governabilitat.<\/td><td class=\"column-3\">Identificaci\u00f3 i seguiment de potencials esdeveniments de reputaci\u00f3. Transpar\u00e8ncia en la comunicaci\u00f3. Mecanisme de control a trav\u00e9s del Sistema de Control Intern d\u2019Informaci\u00f3 sobre Sostenibilitat (SCIIS). <br \/>\n<\/td><td class=\"column-4\">Escenaris \/ Mapa de calor<\/td><td class=\"column-5\">\u21c6<\/td><td class=\"column-6\">Estabilitzaci\u00f3 de les puntuacions de l\u2019\u00edndex RepRisk.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-609 from cache --><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d22b179 e-flex e-con-boxed e-con e-parent\" data-id=\"d22b179\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-23273e8 elementor-widget elementor-widget-spacer\" data-id=\"23273e8\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-cda274e e-flex e-con-boxed e-con e-parent\" data-id=\"cda274e\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f705c94 kec-table elementor-widget elementor-widget-shortcode\" data-id=\"f705c94\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">\n<table id=\"tablepress-610\" class=\"tablepress tablepress-id-610\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Tipus de risc<\/th><th class=\"column-2\">Descripci\u00f3<\/th><th class=\"column-3\">Gesti\u00f3<\/th><th class=\"column-4\">M\u00e8trica<\/th><th class=\"column-5\"> <\/th><th class=\"column-6\">Tend\u00e8ncia<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Risc de compliance<\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\"> <\/td><td class=\"column-6\"><\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Risc reputacional i penal<\/td><td class=\"column-2\">Sancions administratives i penals. Deteriorament de la imatge reputacional de Naturgy.<\/td><td class=\"column-3\">Model de prevenci\u00f3 penal, codi \u00e8tic i pol\u00edtica anticorrupci\u00f3.<br \/>\nCanal del Codi \u00e8tic.<br \/>\nFormaci\u00f3.<br \/>\n<\/td><td class=\"column-4\">Mapa de calor \/ Escenaris<\/td><td class=\"column-5\">\u21c6<\/td><td class=\"column-6\">Comissi\u00f3 d\u2019il\u00b7l\u00edcits penals, sancions, p\u00e8rdues financeres, de reputaci\u00f3, de contractes i clients.<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Risc de contrapart<\/td><td class=\"column-2\">Sancions administratives i penals. Dany reputacional, amb impacte en les relacions contractuals.<\/td><td class=\"column-3\">Procediment de dilig\u00e8ncia deguda de contrapart. <br \/>\nFormaci\u00f3.<\/td><td class=\"column-4\"><\/td><td class=\"column-5\"><\/td><td class=\"column-6\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-610 from cache --><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-db3436c e-flex e-con-boxed e-con e-parent\" data-id=\"db3436c\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-47d69da elementor-widget elementor-widget-spacer\" data-id=\"47d69da\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-131d0fb e-flex e-con-boxed e-con e-parent\" data-id=\"131d0fb\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5f39ff8 kec-table elementor-widget elementor-widget-shortcode\" data-id=\"5f39ff8\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">\n<table id=\"tablepress-611\" class=\"tablepress tablepress-id-611\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Tipus de risc<\/th><th class=\"column-2\">Descripci\u00f3<\/th><th class=\"column-3\">Gesti\u00f3<\/th><th class=\"column-4\">M\u00e8trica<\/th><th class=\"column-5\"> <\/th><th class=\"column-6\">Tend\u00e8ncia<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Canvi clim\u00e0tic<\/td><td class=\"column-2\">Incertesa derivada de la transici\u00f3 energ\u00e8tica (normatives, mercats o tecnol\u00f2giques) i dels impactes f\u00edsics del canvi clim\u00e0tic.<\/td><td class=\"column-3\">Posicionament corporatiu a trav\u00e9s de la Pol\u00edtica global de sostenibilitat, del Pla de sostenibilitat i del Pla de transici\u00f3 clim\u00e0tica, en qu\u00e8 es refor\u00e7a la governan\u00e7a en temes de clima i s\u2019estableixen objectius de transici\u00f3 energ\u00e8tica alineats amb el Pla estrat\u00e8gic.<\/td><td class=\"column-4\">An\u00e0lisi d\u2019escenaris clim\u00e0tics i avaluaci\u00f3 qualitativa<\/td><td class=\"column-5\">\u2191<\/td><td class=\"column-6\">Incertesa tecnol\u00f2gica futura. Augment dels requisits de coher\u00e8ncia de la informaci\u00f3 financera i de sostenibilitat amb els objectius de la companyia.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-611 from cache --><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-eb4bdf4 e-con-full e-flex e-con e-parent\" data-id=\"eb4bdf4\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c0e3f87 elementor-widget elementor-widget-spacer\" data-id=\"c0e3f87\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-eaedf8c e-flex e-con-boxed e-con e-parent\" data-id=\"eaedf8c\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-50a3d5e elementor-widget elementor-widget-text-editor\" data-id=\"50a3d5e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>M\u00e8triques emprades:<\/strong><\/p><ul><li>Estoc\u00e0stica: generaci\u00f3 de senderes d\u2019evoluci\u00f3 de les magnituds m\u00e9s rellevants, prenent com a risc la m\u00e0xima desviaci\u00f3 respecte a l\u2019escenari de refer\u00e8ncia, d\u2019acord amb un nivell de confian\u00e7a predeterminat. Les magnituds esmentades s\u00f3n, t\u00edpicament, EBITDA o flux de caixa lliure despr\u00e9s de minoritaris.<\/li><li>Escenaris: an\u00e0lisi de l\u2019impacte respecte a l\u2019escenari de refer\u00e8ncia d\u2019un nombre limitat de possibles incid\u00e8ncies.<\/li><li>Mapa de calor: es valoren els factors de risc m\u00e9s rellevants de cada categoria de risc, quantificant l\u2019impacte i la probabilitat que s\u2019esdevingui per a cada un.<\/li><li>Tests d\u2019estr\u00e8s no financers.<\/li><li>Aplicaci\u00f3 de marcs internacionals d\u2019avaluaci\u00f3 de riscs: Task Force on Climate-related Financial Disclosures (TCFD) per a canvi clim\u00e0tic i Task Force on Nature-related Financial Disclosures (TNFD) per a biodiversitat.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-eac386f e-flex e-con-boxed e-con e-parent\" data-id=\"eac386f\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b2f2d33 elementor-widget elementor-widget-spacer\" data-id=\"b2f2d33\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Model de control i gesti\u00f3 de riscs El Model de control i gesti\u00f3 de riscs de Naturgy determina metodologies de valoraci\u00f3 del risc i modelitza, controla, gestiona i estableix el report del risc del Grup, a fi de garantir el manteniment d\u2019un perfil de risc i d\u2019uns l\u00edmits de risc objectiu que assegurin que el [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-97801","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.naturgy.com\/ca\/wp-json\/wp\/v2\/pages\/97801","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.naturgy.com\/ca\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.naturgy.com\/ca\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.naturgy.com\/ca\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.naturgy.com\/ca\/wp-json\/wp\/v2\/comments?post=97801"}],"version-history":[{"count":30,"href":"https:\/\/www.naturgy.com\/ca\/wp-json\/wp\/v2\/pages\/97801\/revisions"}],"predecessor-version":[{"id":139698,"href":"https:\/\/www.naturgy.com\/ca\/wp-json\/wp\/v2\/pages\/97801\/revisions\/139698"}],"wp:attachment":[{"href":"https:\/\/www.naturgy.com\/ca\/wp-json\/wp\/v2\/media?parent=97801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}