{"id":97803,"date":"2024-03-07T17:23:01","date_gmt":"2024-03-07T16:23:01","guid":{"rendered":"https:\/\/www.naturgy.com\/gestion-del-riesgo\/"},"modified":"2026-03-03T16:29:44","modified_gmt":"2026-03-03T15:29:44","slug":"xestion-de-riscos","status":"publish","type":"page","link":"https:\/\/www.naturgy.com\/gl\/xestion-de-riscos\/","title":{"rendered":"Xesti\u00f3n de riscos"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"97803\" class=\"elementor elementor-97803 elementor-97799\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-78a08492 e-flex e-con-boxed e-con e-parent\" data-id=\"78a08492\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-5c7b8bea e-con-full e-flex e-con e-child\" data-id=\"5c7b8bea\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-73a74961 elementor-widget elementor-widget-shortcode\" data-id=\"73a74961\" 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\">Comeza<\/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-587a1d33 elementor-widget elementor-widget-heading\" data-id=\"587a1d33\" 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\">Xesti\u00f3n de riscos<\/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-378196a7 e-con-full e-flex e-con e-child\" data-id=\"378196a7\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3a7f8f08 elementor-widget elementor-widget-spacer\" data-id=\"3a7f8f08\" 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-15abd8f e-flex e-con-boxed e-con e-parent\" data-id=\"15abd8f\" 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-c763b96 elementor-widget elementor-widget-heading\" data-id=\"c763b96\" 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\">Modelo de control e xesti\u00f3n de riscos<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2f9951f elementor-widget elementor-widget-text-editor\" data-id=\"2f9951f\" 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>O modelo de control e xesti\u00f3n de riscos de Naturgy determina metodolox\u00edas de valoraci\u00f3n do risco e modeliza, controla, xestiona e establece o informe do risco do Grupo, para garantir o mantemento dun perfil de risco e duns l\u00edmites de risco obxectivo que aseguren que o nivel de exposici\u00f3n, no desenvolvemento das s\u00faas actividades, sexa consistente cos obxectivos anuais e estrat\u00e9xicos.<\/p><p>Este modelo ten en conta os principios de integraci\u00f3n, segregaci\u00f3n, homoxeneidade, coherencia e transparencia do Goberno Corporativo, e estrut\u00farase en catro piares:<\/p><ul><li><strong>Gobernanza <em>(Risk Governance)<\/em><\/strong>: define a gobernanza para cada tipolox\u00eda de risco, na que establece a normativa necesaria e realiza unha asignaci\u00f3n de responsabilidades.<\/li><li><strong>Identificaci\u00f3n e avaliaci\u00f3n do risco<\/strong><em> <strong>(Risk Assessment)<\/strong><\/em>: establece as metodolox\u00edas de valoraci\u00f3n de riscos, harmonizando os procedementos com\u00fans de identificaci\u00f3n, valoraci\u00f3n e tratamento da informaci\u00f3n asociados a cada risco para garantir a uniformidade e coherencia tanto na cuantificaci\u00f3n individual dos riscos como na s\u00faa posterior agregaci\u00f3n, co obxectivo de lograr unha visi\u00f3n homox\u00e9nea e integrada destes.<\/li><\/ul><p>As metodolox\u00edas de valoraci\u00f3n depender\u00e1n da natureza dos riscos, sendo as m\u00e1is relevantes:<\/p><ul><li style=\"list-style-type: none;\"><ul><li>Cuantitativa\/estoc\u00e1stica: simulaci\u00f3n probabil\u00edstica de escenarios, con compo\u00f1entes aleatorios, que permite avaliar desviaci\u00f3ns baixo diferentes intervalos de confianza.<\/li><li>Determinista\/escenarios: impacto esperado do evento polo seu nivel de probabilidade.<\/li><li>Stress Test: avaliaci\u00f3n de escenarios extremos.<\/li><li>Mapas de calor: an\u00e1lise cualitativa do risco por factor.<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><\/li><\/ul><ul><li><strong>L\u00edmites de risco (<em>Risk Appetite<\/em>):<\/strong> establece a tolerancia ao risco fixando l\u00edmites para as categor\u00edas de risco m\u00e1is relevantes, ali\u00f1ados cos obxectivos do Grupo.<\/li><\/ul><ul><li><strong>Informe e monitorizaci\u00f3n do risco<\/strong><em> <strong>(Risk Reporting)<\/strong><\/em>: establece o informe sistem\u00e1tico e peri\u00f3dico do risco en diferentes niveis de xesti\u00f3n, materializado a trav\u00e9s do mapa corporativo de riscos, dos informes de riscos recorrentes e os informes elaborados para necesidades concretas.<br \/>O mapa corporativo de riscos identifica e cuantifica os riscos susceptibles de afectar o desempe\u00f1o de Naturgy, e proporciona unha visi\u00f3n global, homox\u00e9nea e integrada destes.<\/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-8bf232c e-con-full e-flex e-con e-parent\" data-id=\"8bf232c\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-330fc6f elementor-widget elementor-widget-spacer\" data-id=\"330fc6f\" 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-f5a4f58 e-flex e-con-boxed e-con e-parent\" data-id=\"f5a4f58\" 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-910446c elementor-widget elementor-widget-heading\" data-id=\"910446c\" 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\">Categor\u00edas de risco<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-39e1a6b elementor-widget elementor-widget-text-editor\" data-id=\"39e1a6b\" 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 definiu no mapa corporativo de riscos cinco tipolox\u00edas de riscos: econ\u00f3micos, financeiros, operativos, reputacionais\/cumprimento e estrat\u00e9xicos.<\/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-9e4ab64 e-flex e-con-boxed e-con e-parent\" data-id=\"9e4ab64\" 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-6fdea6e elementor-widget elementor-widget-spacer\" data-id=\"6fdea6e\" 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-be57920 e-flex e-con-boxed e-con e-parent\" data-id=\"be57920\" 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-eb720b0 elementor-widget elementor-widget-heading\" data-id=\"eb720b0\" 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\">Tipolox\u00edas de riscos econ\u00f3micos e financeiros<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-868adfa elementor-widget elementor-widget-text-editor\" data-id=\"868adfa\" 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>Para as tipolox\u00edas de riscos econ\u00f3micos e financeiros, apl\u00edcase unha avaliaci\u00f3n de risco por modelizaci\u00f3n cuantitativa\/estoc\u00e1stica ou por metodolox\u00eda determinista\/escenarios, na que se determina, neste \u00faltimo caso, o impacto esperado do evento polo seu nivel de probabilidade.<\/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-c1eb51a e-flex e-con-boxed e-con e-parent\" data-id=\"c1eb51a\" 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-c364e12 elementor-widget elementor-widget-spacer\" data-id=\"c364e12\" 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-00e1e44 e-flex e-con-boxed e-con e-parent\" data-id=\"00e1e44\" 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-44bc574 elementor-widget elementor-widget-heading\" data-id=\"44bc574\" 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\">Categor\u00edas de riscos econ\u00f3micos<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6fd7c05 elementor-widget elementor-widget-text-editor\" data-id=\"6fd7c05\" 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>Riscos derivados da volatilidade de factores ex\u00f3xenos, da variaci\u00f3n da oferta e a demanda, da modificaci\u00f3n dos marcos regulatorios, as\u00ed como os riscos de natureza xur\u00eddica que impactan nos resultados do Grupo:<\/p><ul><li><strong>Risco de commodity<\/strong>: incerteza asociada \u00e1 variabilidade dos prezos dos bens enerx\u00e9ticos e materias primas cos que opera Naturgy.<\/li><li><strong>Risco de marxe\/prezo (non inclu\u00eddo no risco de commodity): <\/strong>incerteza asociada ao comportamento de variables clave que son consecuencia de cambios na presi\u00f3n competitiva, hip\u00f3teses de marxe non acadadas ou revisi\u00f3ns contractuais.<\/li><li><strong>Risco de tipo de cambio:<\/strong> incerteza asociada \u00e1 variaci\u00f3n da cotizaci\u00f3n das divisas que afectan o valor das transacci\u00f3ns, activos ou pasivos en moeda estranxeira do Grupo.<\/li><li><strong>Risco de volume: <\/strong>incerteza asociada \u00e1 variaci\u00f3n de volumes producidos, aprovisionados, distribu\u00eddos ou comercializados debida \u00e1s caracter\u00edsticas propias dos mercados e da demanda onde operan os negocios de Naturgy, aos par\u00e1metros meteorol\u00f3xicos, climatol\u00f3xicos e \u00e1 contorna macroecon\u00f3mica.<\/li><\/ul><p>De forma xen\u00e9rica, dada a s\u00faa natureza e xesti\u00f3n, estes catro riscos engl\u00f3banse baixo a denominaci\u00f3n de <strong>Risco de mercado. <\/strong><\/p><ul><li><strong>Risco regulatorio<\/strong>: incerteza asociada \u00e1 revisi\u00f3n dos marcos ou par\u00e1metros retributivos dos negocios regulados ou \u00e1 modificaci\u00f3n do marco normativo no que operan os negocios de Naturgy.<\/li><li><strong>Risco xur\u00eddico<\/strong>: incerteza asociada ao desenlace potencial de litixios, arbitraxes ou reclamaci\u00f3ns xur\u00eddicas abertas 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-da7dd03 e-flex e-con-boxed e-con e-parent\" data-id=\"da7dd03\" 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-cdddc17 elementor-widget elementor-widget-spacer\" data-id=\"cdddc17\" 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-5657226 e-flex e-con-boxed e-con e-parent\" data-id=\"5657226\" 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-5a5bbf2 elementor-widget elementor-widget-heading\" data-id=\"5a5bbf2\" 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\">Categor\u00edas de riscos financeiros<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a692915 elementor-widget elementor-widget-text-editor\" data-id=\"a692915\" 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>Riscos derivados da modificaci\u00f3n dos marcos fiscais, da estrutura e necesidades de financiamento dos activos, ademais da morosidade, con impacto no fluxo de caixa ou no balance do Grupo.<\/p><ul><li><strong>Risco fiscal<\/strong>: incerteza asociada \u00e1 correcta aplicaci\u00f3n da normativa fiscal, \u00e1 complexidade da s\u00faa interpretaci\u00f3n, as\u00ed como \u00e1s s\u00faas posibles modificaci\u00f3ns, cun potencial impacto econ\u00f3mico nas contas anuais consolidadas do Grupo.<\/li><li><strong>Risco de cr\u00e9dito: <\/strong>incerteza asociada \u00e1 deterioraci\u00f3n da calidade crediticia ou ao impago por parte dos diferentes segmentos de clientes ou contrapartes comerciais e financeiras coas que opera Naturgy.<\/li><li><strong>Risco de tipo de xuro:<\/strong> incerteza asociada aos movementos de tipos de xuro con impacto no gasto financeiro do Grupo, derivados das necesidades de financiamento nas divisas nas que est\u00e1 denominada a d\u00e9beda de Naturgy.<\/li><li><strong>Risco de rating: <\/strong>incerteza asociada \u00e1 revisi\u00f3n do rating do Grupo respecto do obxectivo establecido.<\/li><li><strong>Risco de liquidez:<\/strong> incerteza asociada a un aumento potencial das necesidades de financiamento e \u00e1 capacidade do Grupo para facer fronte \u00e1s s\u00faas obrigas financeiras.<\/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-553062c e-flex e-con-boxed e-con e-parent\" data-id=\"553062c\" 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-49a5e91 elementor-widget elementor-widget-spacer\" data-id=\"49a5e91\" 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-1df6b82 e-flex e-con-boxed e-con e-parent\" data-id=\"1df6b82\" 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-440cba3 elementor-widget elementor-widget-heading\" data-id=\"440cba3\" 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\">Tipolox\u00edas de riscos operativos, reputacionais\/cumprimento e estrat\u00e9xicos\n\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e360fd7 elementor-widget elementor-widget-text-editor\" data-id=\"e360fd7\" 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>Para as tipolox\u00edas de riscos operativos, reputacionais\/cumprimento e estrat\u00e9xicos, apl\u00edcase, en xeral, unha avaliaci\u00f3n de riscos por modelizaci\u00f3n cuantitativa\/estoc\u00e1stica ou por metodolox\u00eda determinista\/escenarios, mapas de calor, avaliaci\u00f3n por rating interno\/externo ou <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-58b26e8 e-flex e-con-boxed e-con e-parent\" data-id=\"58b26e8\" 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-20e4f10 elementor-widget elementor-widget-spacer\" data-id=\"20e4f10\" 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-7833776 e-flex e-con-boxed e-con e-parent\" data-id=\"7833776\" 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-d1e4ce8 elementor-widget elementor-widget-heading\" data-id=\"d1e4ce8\" 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\">Categor\u00edas de riscos operativos<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8cba684 elementor-widget elementor-widget-text-editor\" data-id=\"8cba684\" 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>Riscos derivados de fallos en procesos, sistemas, persoas, activos materiais ou factores externos que poidan impactar negativamente sobre a continuidade das operaci\u00f3ns, a sostibilidade dos negocios ou supo\u00f1an perdas financeiras, sanci\u00f3ns legais ou compromisos coa seguridade e a sa\u00fade.<\/p><ul><li><strong>Risco operacional:<\/strong> incerteza asociada aos eventos fortu\u00edtos, fallos nos procesos ou accidentes que afecten a persoas, perdas financeiras ou danos, ou indispo\u00f1ibilidades nos activos de explotaci\u00f3n do Grupo.<\/li><li><strong>Riscos relacionados coa natureza:<\/strong> incerteza asociada aos efectos adversos que a degradaci\u00f3n de ecosistemas, a perda de especies ou a alteraci\u00f3n dos servizos ecosist\u00e9micos poidan ocasionar \u00e1s operaci\u00f3ns, \u00e1 cadea de subministraci\u00f3n e ao valor financeiro de Naturgy, debido \u00e1s dependencias e os impactos que a organizaci\u00f3n ten sobre os recursos naturais.<\/li><li><strong>Risco de cambio clim\u00e1tico<\/strong>: incerteza asociada aos impactos f\u00edsicos por eventos extremos da natureza ou por cambios graduais e a longo prazo do clima, ademais dos impactos derivados das pol\u00edticas de transici\u00f3n que provoquen cambios na normativa, o mercado ou a tecnolox\u00eda.<\/li><li><strong>Risco de security:<\/strong> incerteza asociada \u00e1 materializaci\u00f3n de danos persoais ou materiais, xerados de forma intencionada por un terceiro.<\/li><li><strong>Risco de terceiros<\/strong>: incerteza asociada \u00e1 relaci\u00f3n con terceiras partes cuxo comportamento\/desempe\u00f1o poida supo\u00f1er perda, dano, interrupci\u00f3n operativa, incumprimento regulatorio ou posible perda de control, calidade ou servizo dos procesos externalizados, inclu\u00edndo o impacto na continuidade de operaci\u00f3ns por rupturas con provedores, contratistas, socios comerciais, vendedores e calquera outra entidade externa coa que a organizaci\u00f3n te\u00f1a unha relaci\u00f3n contractual ou de colaboraci\u00f3n.<\/li><li><strong>Risco de fraude<\/strong>: incerteza asociada \u00e1 materializaci\u00f3n de calquera acci\u00f3n intencional non l\u00edcita realizada por un empregado ou un terceiro para lograr un beneficio propio, directo ou indirecto, a trav\u00e9s do uso incorrecto dos recursos ou activos de Naturgy.<\/li><li><strong>Risco de ciberseguridade:<\/strong> incerteza asociada \u00e1 materializaci\u00f3n de ataques maliciosos ou eventos accidentais con impacto operacional que afecte a datos, redes inform\u00e1ticas ou tecnolox\u00eda.<\/li><li><strong>Risco de protecci\u00f3n de datos<\/strong>: incerteza asociada ao incumprimento das obrigas en materia de protecci\u00f3n de datos que poida dar lugar a unha sanci\u00f3n administrativa ou sentenza no \u00e1mbito civil.<\/li><li><strong>Risco de seguridade e sa\u00fade<\/strong>: incerteza asociada a lesi\u00f3ns e deterioraci\u00f3n da sa\u00fade dos profesionais de Naturgy e das empresas colaboradoras relacionados coa actividade.<\/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-48798c8 e-flex e-con-boxed e-con e-parent\" data-id=\"48798c8\" 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-73a8217 elementor-widget elementor-widget-spacer\" data-id=\"73a8217\" 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-cfe690c e-flex e-con-boxed e-con e-parent\" data-id=\"cfe690c\" 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-0a00c43 elementor-widget elementor-widget-heading\" data-id=\"0a00c43\" 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\">Categor\u00edas de riscos reputacionais\/cumprimento <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6d3e955 elementor-widget elementor-widget-text-editor\" data-id=\"6d3e955\" 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>Riscos derivados do incumprimento de leis vixentes, normativa aplicable, tanto interna como externa, e dos est\u00e1ndares \u00e9ticos de Naturgy, ademais do inadecuado desempe\u00f1o en aspectos ASG, satisfacci\u00f3n do cliente e xesti\u00f3n do talento que poidan xerar perdas financeiras, sanci\u00f3ns, litixios ou danos \u00e1 reputaci\u00f3n do Grupo.<\/p><ul><li><strong>Risco de compliance:<\/strong> incerteza asociada ao incumprimento, tanto da lexislaci\u00f3n vixente coma de calquera das pol\u00edticas e demais regulaci\u00f3n interna aplicable \u00e1s actividades do Grupo, que poida implicar sanci\u00f3ns, perdas financeiras ou dano reputacional.<\/li><li><strong>Risco reputacional e ASG<\/strong>: incerteza asociada ao cambio da percepci\u00f3n dos grupos de interese respecto \u00e1 reputaci\u00f3n de Naturgy e da s\u00faa capacidade para desenvolver negocios sostibles dende un punto de vista ambiental, social e de gobernabilidade (ASG).<\/li><li><strong>Risco de satisfacci\u00f3n do cliente:<\/strong> incerteza asociada \u00e1 deterioraci\u00f3n da satisfacci\u00f3n do cliente por d\u00e9ficit na execuci\u00f3n dos procesos con impacto no seu ciclo de vida.<\/li><li><strong>Risco de persoas:<\/strong> incerteza asociada a cambios en contextos pol\u00edtico-econ\u00f3micos, modificaci\u00f3ns na normativa laboral ou aqueles derivados da propia xesti\u00f3n dos procesos que integran a proposta de valor y e a experiencia profesional en 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-f61ac99 e-flex e-con-boxed e-con e-parent\" data-id=\"f61ac99\" 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-ea80609 elementor-widget elementor-widget-spacer\" data-id=\"ea80609\" 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-0123b2d e-flex e-con-boxed e-con e-parent\" data-id=\"0123b2d\" 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-2a866f5 elementor-widget elementor-widget-heading\" data-id=\"2a866f5\" 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\">Categor\u00edas de riscos de estrat\u00e9xicos<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e53e299 elementor-widget elementor-widget-text-editor\" data-id=\"e53e299\" 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>Riscos asociados \u00e1 carteira de negocios a longo prazo de Naturgy derivados da planificaci\u00f3n estrat\u00e9xica (como a exposici\u00f3n a commodities a longo prazo, a asignaci\u00f3n de capital por xeograf\u00eda, o perfil de risco dos negocios, a estratexia comercial e o desenvolvemento de novas iniciativas), de cambios na contorna competitiva, da sostibilidade do negocio (inclu\u00edndo o cambio clim\u00e1tico e outros riscos relacionados coa natureza) e das apostas en innovaci\u00f3n que afectan \u00e1 capacidade da empresa para acadar os seus obxectivos a longo prazo. En xeral, os impactos dos riscos estrat\u00e9xicos integraranse como proxecci\u00f3ns, no horizonte temporal correspondente, dentro dos riscos econ\u00f3micos, financeiros, operativos e dos reputacionais\/cumprimento.<\/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-d5946dc e-flex e-con-boxed e-con e-parent\" data-id=\"d5946dc\" 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-45ef6c8 elementor-widget elementor-widget-spacer\" data-id=\"45ef6c8\" 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-974b846 e-flex e-con-boxed e-con e-parent\" data-id=\"974b846\" 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-2b5306b elementor-widget elementor-widget-heading\" data-id=\"2b5306b\" 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\">Principais riscos: descrici\u00f3n, xesti\u00f3n e m\u00e9trica<\/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-28c3cef e-flex e-con-boxed e-con e-parent\" data-id=\"28c3cef\" 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-387368d elementor-widget elementor-widget-spacer\" data-id=\"387368d\" 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-de39f13 grid col-3 e-flex e-con-boxed e-con e-parent\" data-id=\"de39f13\" 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-3dfb9d3 kec-table elementor-widget elementor-widget-shortcode\" data-id=\"3dfb9d3\" 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-612\" class=\"tablepress tablepress-id-612\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Tipo de risco<\/th><th class=\"column-2\">Descrici\u00f3n<\/th><th class=\"column-3\">Xesti\u00f3n<\/th><th class=\"column-4\">M\u00e9trica<\/th><th class=\"column-5\"> <\/th><th class=\"column-6\">Tendencia<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Riscos de <em>commodity<\/em><\/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\">Prezo das materias primas: Gas<\/td><td class=\"column-2\">Volatilidade nos mercados internacionais que determinan o prezo do gas.<\/td><td class=\"column-3\">Xesti\u00f3n da carteira de compra e de venda, complementada con coberturas financeiras.<\/td><td class=\"column-4\">Estoc\u00e1stica<\/td><td class=\"column-5\">\u21c6<\/td><td class=\"column-6\">Volatilidade de \u00edndices de gas. Desacople na evoluci\u00f3n dos prezos de commodities.<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Prezo das materias primas: Electricidade<\/td><td class=\"column-2\">Volatilidade nos mercados electricidade.<\/td><td class=\"column-3\">Optimizaci\u00f3n do parque de xeraci\u00f3n e estrutura de comercializaci\u00f3n, complementado con coberturas financeiras.<\/td><td class=\"column-4\">Estoc\u00e1stica<\/td><td class=\"column-5\">\u2191<\/td><td class=\"column-6\">Penetraci\u00f3n de renovables con custo marxinal cero e produci\u00f3n intermitente. Desacople na evoluci\u00f3n dos prezos de commodities.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-612 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-399ff43 e-con-full e-flex e-con e-parent\" data-id=\"399ff43\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-bb1f5b3 elementor-widget elementor-widget-spacer\" data-id=\"bb1f5b3\" 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-b1cb72f grid col-3 e-flex e-con-boxed e-con e-parent\" data-id=\"b1cb72f\" 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-fe58767 kec-table elementor-widget elementor-widget-shortcode\" data-id=\"fe58767\" 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-613\" class=\"tablepress tablepress-id-613\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Tipo de risco<\/th><th class=\"column-2\">Descrici\u00f3n<\/th><th class=\"column-3\">Xesti\u00f3n<\/th><th class=\"column-4\">M\u00e9trica<\/th><th class=\"column-5\"> <\/th><th class=\"column-6\">Tendencia<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Tipo de cambio<\/td><td class=\"column-2\">Volatilidade das divisas nos pa\u00edses onde Naturgy opera.<\/td><td class=\"column-3\">Diversificaci\u00f3n xeogr\u00e1fica. Coberturas mediante financiamento en moeda local, derivados financeiros e pricing.<\/td><td class=\"column-4\">Estoc\u00e1stica<\/td><td class=\"column-5\">\u2191<\/td><td class=\"column-6\">Incerteza sobre as perspectivas de crecemento e inflaci\u00f3n en Am\u00e9rica Latina, especialmente en Arxentina, e en Brasil e M\u00e9xico en menor medida.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-613 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-bff3b29 e-flex e-con-boxed e-con e-parent\" data-id=\"bff3b29\" 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-8e3afe7 elementor-widget elementor-widget-spacer\" data-id=\"8e3afe7\" 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-8f08848 grid col-3 e-flex e-con-boxed e-con e-parent\" data-id=\"8f08848\" 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-4f3adf0 kec-table elementor-widget elementor-widget-shortcode\" data-id=\"4f3adf0\" 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-614\" class=\"tablepress tablepress-id-614\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Tipo de risco<\/th><th class=\"column-2\">Descrici\u00f3n<\/th><th class=\"column-3\">Xesti\u00f3n<\/th><th class=\"column-4\">M\u00e9trica<\/th><th class=\"column-5\"> <\/th><th class=\"column-6\">Tendencia<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Regulatorio<\/td><td class=\"column-2\">Exposici\u00f3n \u00e1 revisi\u00f3n dos criterios e niveis de rendibilidade reco\u00f1ecida para as actividades reguladas ou novas medidas regulatorias.<\/td><td class=\"column-3\">Intensificaci\u00f3n da comunicaci\u00f3n con organismos reguladores. Axuste de eficiencias e investimentos \u00e1s taxas reco\u00f1ecidas.<\/td><td class=\"column-4\">Escenarios<\/td><td class=\"column-5\">\u2191<\/td><td class=\"column-6\">Presi\u00f3n dos reguladores, en funci\u00f3n da situaci\u00f3n de pa\u00eds\/sector.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-614 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-01bada9 e-flex e-con-boxed e-con e-parent\" data-id=\"01bada9\" 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-9d2f773 elementor-widget elementor-widget-spacer\" data-id=\"9d2f773\" 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-a958136 e-flex e-con-boxed e-con e-parent\" data-id=\"a958136\" 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-b72f653 kec-table elementor-widget elementor-widget-shortcode\" data-id=\"b72f653\" 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-615\" class=\"tablepress tablepress-id-615\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Tipo de risco<\/th><th class=\"column-2\">Descrici\u00f3n<\/th><th class=\"column-3\">Xesti\u00f3n<\/th><th class=\"column-4\">M\u00e9trica<\/th><th class=\"column-5\"> <\/th><th class=\"column-6\">Tendencia<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Riscos de volume<\/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\">Volume: Gas<\/td><td class=\"column-2\">Desaxuste da oferta e a demanda de gas.<\/td><td class=\"column-3\">Optimizaci\u00f3n de contratos e activos a \u00e1mbito global.<\/td><td class=\"column-4\">Determinista\/<br \/>\nEstoc\u00e1stica<\/td><td class=\"column-5\">\u21c6<\/td><td class=\"column-6\">Presi\u00f3n da demanda agregada. Risco de curtailments e interrupci\u00f3n de subministraci\u00f3n.<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Volume: Electricidade<\/td><td class=\"column-2\">Reduci\u00f3n do oco t\u00e9rmico dispo\u00f1ible.<br \/>\nIncerteza no volume de produci\u00f3n renovable por variabilidade do recurso.<\/td><td class=\"column-3\">Optimizaci\u00f3n do balance el\u00e9ctrico de Naturgy.<\/td><td class=\"column-4\">Estoc\u00e1stica<\/td><td class=\"column-5\">\u21c6<\/td><td class=\"column-6\">Presi\u00f3n da demanda agregada. Previsibilidade de produci\u00f3n renovable.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-615 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-c20b3d9 e-flex e-con-boxed e-con e-parent\" data-id=\"c20b3d9\" 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-f1826f5 elementor-widget elementor-widget-spacer\" data-id=\"f1826f5\" 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-6d168d2 e-flex e-con-boxed e-con e-parent\" data-id=\"6d168d2\" 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-7c4b7e3 kec-table elementor-widget elementor-widget-shortcode\" data-id=\"7c4b7e3\" 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-616\" class=\"tablepress tablepress-id-616\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Tipo de risco<\/th><th class=\"column-2\">Descrici\u00f3n<\/th><th class=\"column-3\">Xesti\u00f3n<\/th><th class=\"column-4\">M\u00e9trica<\/th><th class=\"column-5\"> <\/th><th class=\"column-6\">Tendencia<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Marxe\/prezo<\/td><td class=\"column-2\">Risco orixinado por cambios na presi\u00f3n competitiva ou escenarios de optimizaci\u00f3n de marxe.<\/td><td class=\"column-3\">Xesti\u00f3n da carteira adecuando os prazos de contrataci\u00f3n.<\/td><td class=\"column-4\">Escenarios<\/td><td class=\"column-5\">\u2191<\/td><td class=\"column-6\">Revisi\u00f3n de contratos a longo prazo de gas.<br \/>\nPresi\u00f3n competitiva na renovaci\u00f3n de contratos de subministraci\u00f3n.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-616 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-37297f7 e-flex e-con-boxed e-con e-parent\" data-id=\"37297f7\" 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-70ee4b6 elementor-widget elementor-widget-spacer\" data-id=\"70ee4b6\" 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-3b5ca9f e-flex e-con-boxed e-con e-parent\" data-id=\"3b5ca9f\" 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-dbe6b6a kec-table elementor-widget elementor-widget-shortcode\" data-id=\"dbe6b6a\" 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-617\" class=\"tablepress tablepress-id-617\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Tipo de risco<\/th><th class=\"column-2\">Descrici\u00f3n<\/th><th class=\"column-3\">Xesti\u00f3n<\/th><th class=\"column-4\">M\u00e9trica<\/th><th class=\"column-5\"> <\/th><th class=\"column-6\">Tendencia<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Xur\u00eddico<\/td><td class=\"column-2\">Incerteza derivada do desenlace potencial de litixios, arbitraxes ou reclamaci\u00f3ns xur\u00eddicas abertas.<\/td><td class=\"column-3\">An\u00e1lise e mitigaci\u00f3n dos riscos legais que afecten \u00e1 operatividade da empresa e ao goberno corporativo.<br \/>\nContrataci\u00f3n de empresas xur\u00eddicas de primeiro nivel.<br \/>\nDotaci\u00f3n de provisi\u00f3ns segundo normativa contable.<\/td><td class=\"column-4\">Escenarios<\/td><td class=\"column-5\">\u21c6<\/td><td class=\"column-6\">Diferentes unidades de negocio afectadas con distintas normas legais en cada pa\u00eds.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-617 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-0fc8ccc e-flex e-con-boxed e-con e-parent\" data-id=\"0fc8ccc\" 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-fd42288 elementor-widget elementor-widget-spacer\" data-id=\"fd42288\" 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-aa94a6a e-flex e-con-boxed e-con e-parent\" data-id=\"aa94a6a\" 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-3bc2152 kec-table elementor-widget elementor-widget-shortcode\" data-id=\"3bc2152\" 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-618\" class=\"tablepress tablepress-id-618\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Tipo de risco<\/th><th class=\"column-2\">Descrici\u00f3n<\/th><th class=\"column-3\">Xesti\u00f3n<\/th><th class=\"column-4\">M\u00e9trica<\/th><th class=\"column-5\"> <\/th><th class=\"column-6\">Tendencia<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Risco operacional<\/td><td class=\"column-2\">Accidentes, danos ou indispo\u00f1ibilidades nos activos de Naturgy. Respecto a incidentes medioambientais, incl\u00fae a posible superaci\u00f3n, de forma natural ou por acci\u00f3n humana, de l\u00edmites ambientais obrigatorios, fixados polo regulador, que produzan danos a terceiros, aos ecosistemas ou \u00e1 biodiversidade.<\/td><td class=\"column-3\">Plans de mellora continua. Optimizaci\u00f3n do custo total de risco e das coberturas. Plans de emerxencia en instalaci\u00f3ns con risco de accidente ambiental. P\u00f3lizas de seguro espec\u00edficas. Xesti\u00f3n integral ambiental, a trav\u00e9s dun sistema integrado de xesti\u00f3n, certificado e auditado anualmente por T\u00dcV (medioambiental).<\/td><td class=\"column-4\">Estoc\u00e1stica<\/td><td class=\"column-5\">\u21c6<\/td><td class=\"column-6\">Mercado asegurador brando a curto prazo, con melloras de cobertura e baixada de prima pola diminuci\u00f3n da sinistralidade de cat\u00e1strofe natural nos \u00faltimos 48 meses.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-618 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-e2025b5 e-flex e-con-boxed e-con e-parent\" data-id=\"e2025b5\" 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-b87c4a5 elementor-widget elementor-widget-spacer\" data-id=\"b87c4a5\" 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-241cf6f e-flex e-con-boxed e-con e-parent\" data-id=\"241cf6f\" 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-266d27c kec-table elementor-widget elementor-widget-shortcode\" data-id=\"266d27c\" 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-619\" class=\"tablepress tablepress-id-619\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Tipo de risco<\/th><th class=\"column-2\">Descrici\u00f3n<\/th><th class=\"column-3\">Xesti\u00f3n<\/th><th class=\"column-4\">M\u00e9trica<\/th><th class=\"column-5\"> <\/th><th class=\"column-6\">Tendencia<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Cr\u00e9dito<\/td><td class=\"column-2\">Incerteza asociada \u00e1 probabilidade de impago das obrigas financeiras ou deterioraci\u00f3n da calidade crediticia dos diferentes clientes finais e contrapartes.<\/td><td class=\"column-3\">An\u00e1lise de solvencia de clientes para definir condici\u00f3ns contractuais espec\u00edficas.<br \/>\nProceso de recobro.<br \/>\nContrataci\u00f3n de seguros.<\/td><td class=\"column-4\">Estoc\u00e1stica<\/td><td class=\"column-5\">\u21c6<\/td><td class=\"column-6\">Estabilidade da perda esperada e inesperada.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-619 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-34dff61 e-flex e-con-boxed e-con e-parent\" data-id=\"34dff61\" 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-6e6c288 elementor-widget elementor-widget-spacer\" data-id=\"6e6c288\" 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-129fc60 e-flex e-con-boxed e-con e-parent\" data-id=\"129fc60\" 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-567e507 kec-table elementor-widget elementor-widget-shortcode\" data-id=\"567e507\" 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-620\" class=\"tablepress tablepress-id-620\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Tipo de risco<\/th><th class=\"column-2\">Descrici\u00f3n<\/th><th class=\"column-3\">Xesti\u00f3n<\/th><th class=\"column-4\">M\u00e9trica<\/th><th class=\"column-5\"> <\/th><th class=\"column-6\">Tendencia<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Tipo de xuro<\/td><td class=\"column-2\">Volatilidade nos tipos de xuro aplicables ao financiamento de Naturgy.<\/td><td class=\"column-3\">Diversificaci\u00f3n de fontes de financiamento.<br \/>\nXesti\u00f3n da d\u00e9beda.<br \/>\nCoberturas financeiras.<\/td><td class=\"column-4\">Estoc\u00e1stica<\/td><td class=\"column-5\">\u21c6<\/td><td class=\"column-6\">Incerteza respecto ao nivel de escenario do tipo de xuro.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-620 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-21fe61b e-flex e-con-boxed e-con e-parent\" data-id=\"21fe61b\" 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-27cf6d5 elementor-widget elementor-widget-spacer\" data-id=\"27cf6d5\" 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-bcf29f2 e-flex e-con-boxed e-con e-parent\" data-id=\"bcf29f2\" 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-be38aa1 kec-table elementor-widget elementor-widget-shortcode\" data-id=\"be38aa1\" 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-621\" class=\"tablepress tablepress-id-621\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Tipo de risco<\/th><th class=\"column-2\">Descrici\u00f3n<\/th><th class=\"column-3\">Xesti\u00f3n<\/th><th class=\"column-4\">M\u00e9trica<\/th><th class=\"column-5\"> <\/th><th class=\"column-6\">Tendencia<\/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\u00fcidade ou subxectividade na interpretaci\u00f3n da normativa fiscal vixente, ben pola alteraci\u00f3n ou pola aprobaci\u00f3n de novas medidas.<\/td><td class=\"column-3\">Consultas a organismos expertos independentes.<br \/>\nContrataci\u00f3n de empresas asesoras de primeiro nivel.<br \/>\nAdhesi\u00f3n ao C\u00f3digo de Boas Pr\u00e1cticas Tributarias.<br \/>\nDotaci\u00f3n de provisi\u00f3ns segundo normativa contable.<\/td><td class=\"column-4\">Escenarios<\/td><td class=\"column-5\">\u2191<\/td><td class=\"column-6\">Crecente complexidade das figuras tributarias aplicables e gran dispersi\u00f3n normativa entre diferentes administraci\u00f3ns fiscais. Todo iso afecta \u00e1s diferentes unidades de negocio e corporativas.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-621 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-d0ed154 e-flex e-con-boxed e-con e-parent\" data-id=\"d0ed154\" 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-4e2182a elementor-widget elementor-widget-spacer\" data-id=\"4e2182a\" 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-a7f69c8 e-flex e-con-boxed e-con e-parent\" data-id=\"a7f69c8\" 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-be09276 kec-table elementor-widget elementor-widget-shortcode\" data-id=\"be09276\" 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-623\" class=\"tablepress tablepress-id-623\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Tipo de risco<\/th><th class=\"column-2\">Descrici\u00f3n<\/th><th class=\"column-3\">Xesti\u00f3n<\/th><th class=\"column-4\">M\u00e9trica<\/th><th class=\"column-5\"> <\/th><th class=\"column-6\">Tendencia<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Riscos de liquidez e rating<\/td><td class=\"column-2\">Riscos financeiros asociados ao mantemento do rating do Grupo, derivado das condici\u00f3ns de liquidez ou outras causas. <\/td><td class=\"column-3\">Establecemento de medidas para asegurar a liquidez e o rating obxectivo.<\/td><td class=\"column-4\">Escenarios<\/td><td class=\"column-5\">\u21c6<\/td><td class=\"column-6\">Ratificaci\u00f3n do obxectivo de rating dentro do Investment Grade.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-623 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-59c96d0 e-flex e-con-boxed e-con e-parent\" data-id=\"59c96d0\" 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-e66fa5b elementor-widget elementor-widget-spacer\" data-id=\"e66fa5b\" 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-454dee6 e-flex e-con-boxed e-con e-parent\" data-id=\"454dee6\" 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-c665a82 kec-table elementor-widget elementor-widget-shortcode\" data-id=\"c665a82\" 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-624\" class=\"tablepress tablepress-id-624\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Tipo de risco<\/th><th class=\"column-2\">Descrici\u00f3n<\/th><th class=\"column-3\">Xesti\u00f3n<\/th><th class=\"column-4\">M\u00e9trica<\/th><th class=\"column-5\"> <\/th><th class=\"column-6\">Tendencia<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Security<\/td><td class=\"column-2\">Risco residual asociado a danos persoais ou materiais xerados de forma intencionada por un terceiro sobre instalaci\u00f3ns cr\u00edticas.<\/td><td class=\"column-3\">Posicionamento corporativo a trav\u00e9s da Pol\u00edtica de Security, que define o modelo<br \/>\nde protecci\u00f3n espec\u00edfico para Infraestruturas Cr\u00edticas (IICC). Interlocuci\u00f3n con negocios, Centro Nacional para a Protecci\u00f3n de Infraestruturas Cr\u00edticas (CNPIC), Instituto Nacional de Ciberseguridade (INCIBE-CERT) e outros organismos.<\/td><td class=\"column-4\">Mapa de calor\/escenarios<\/td><td class=\"column-5\">\u21c6<\/td><td class=\"column-6\">Auditor\u00edas de certificaci\u00f3n das entidades cr\u00edticas por parte do regulador (futuro CNPREC); a resiliencia operativa ter\u00e1 un gran peso.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-624 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-5a1f5d8 e-flex e-con-boxed e-con e-parent\" data-id=\"5a1f5d8\" 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-26fd7e4 elementor-widget elementor-widget-spacer\" data-id=\"26fd7e4\" 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-a38151b e-flex e-con-boxed e-con e-parent\" data-id=\"a38151b\" 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-64ddc33 kec-table elementor-widget elementor-widget-shortcode\" data-id=\"64ddc33\" 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-625\" class=\"tablepress tablepress-id-625\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Tipo de risco<\/th><th class=\"column-2\">Descrici\u00f3n<\/th><th class=\"column-3\">Xesti\u00f3n<\/th><th class=\"column-4\">M\u00e9trica<\/th><th class=\"column-5\"> <\/th><th class=\"column-6\">Tendencia<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Terceiros<\/td><td class=\"column-2\">Incerteza asociada \u00e1 relaci\u00f3n con terceiras partes cuxo comportamento\/desempe\u00f1o poida supo\u00f1er perda, dano, interrupci\u00f3n operativa, incumprimento regulatorio ou posible perda de control.<\/td><td class=\"column-3\">Xesti\u00f3n do risco de provedores. Procedementos de debida dilixencia para a an\u00e1lise de riscos de contraparte. Adhesi\u00f3n sistem\u00e1tica ao c\u00f3digo \u00e9tico do provedor.<br \/>\nPlan anual de auditor\u00eda interna, coa detecci\u00f3n de debilidades e implantaci\u00f3n de acci\u00f3ns de mellora coa supervisi\u00f3n da Comisi\u00f3n de Auditor\u00eda e Control.<\/td><td class=\"column-4\">Mapa de calor\/escenarios<\/td><td class=\"column-5\">\u2191<\/td><td class=\"column-6\">Avaliaci\u00f3n, monitorizaci\u00f3n e seguimento de provedores segundo os riscos do sector de enerx\u00eda, riscos espec\u00edficos da subministraci\u00f3n, as\u00ed como os riscos do pa\u00eds no que se realiza a devandita subministraci\u00f3n.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-625 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-eb65c8f e-flex e-con-boxed e-con e-parent\" data-id=\"eb65c8f\" 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-59dfb48 elementor-widget elementor-widget-spacer\" data-id=\"59dfb48\" 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-90ab5d6 e-flex e-con-boxed e-con e-parent\" data-id=\"90ab5d6\" 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-968002f elementor-widget elementor-widget-spacer\" data-id=\"968002f\" 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-c8263f1 e-flex e-con-boxed e-con e-parent\" data-id=\"c8263f1\" 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-57a5249 kec-table elementor-widget elementor-widget-shortcode\" data-id=\"57a5249\" 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-626\" class=\"tablepress tablepress-id-626\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Tipo de risco<\/th><th class=\"column-2\">Descrici\u00f3n<\/th><th class=\"column-3\">Xesti\u00f3n<\/th><th class=\"column-4\">M\u00e9trica<\/th><th class=\"column-5\"> <\/th><th class=\"column-6\">Tendencia<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Fraude<\/td><td class=\"column-2\">Risco derivado de calquera acci\u00f3n intencional non l\u00edcita realizada por un empregado ou un terceiro para obter un beneficio propio ou para un terceiro, directo ou indirecto, a trav\u00e9s do uso incorrecto dos recursos ou activos de Naturgy.<\/td><td class=\"column-3\">Mecanismos de control a trav\u00e9s do sistema de control interno de informaci\u00f3n financeira (SCIIF), do modelo de prevenci\u00f3n penal e a pol\u00edtica global de informaci\u00f3n financeira e de sostibilidade. Auditor\u00edas continuas<\/td><td class=\"column-4\">Escenarios<\/td><td class=\"column-5\">\u2191<\/td><td class=\"column-6\">Mellora en ratios de identificaci\u00f3n de fraudes, a trav\u00e9s de ferramentas e desenvolvementos de IA para axudar a conter os niveis de fraude.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-626 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-3fb24d9 e-flex e-con-boxed e-con e-parent\" data-id=\"3fb24d9\" 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-ff6040c elementor-widget elementor-widget-spacer\" data-id=\"ff6040c\" 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-73377cd e-flex e-con-boxed e-con e-parent\" data-id=\"73377cd\" 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-3736c8e kec-table elementor-widget elementor-widget-shortcode\" data-id=\"3736c8e\" 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-627\" class=\"tablepress tablepress-id-627\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Tipo de risco<\/th><th class=\"column-2\">Descrici\u00f3n<\/th><th class=\"column-3\">Xesti\u00f3n<\/th><th class=\"column-4\">M\u00e9trica<\/th><th class=\"column-5\"> <\/th><th class=\"column-6\">Tendencia<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Ciberseguridade<\/td><td class=\"column-2\">Ataques maliciosos ou eventos accidentais que afectan aos datos, \u00e1s redes inform\u00e1ticas ou \u00e1 tecnolox\u00eda.<\/td><td class=\"column-3\">Implantaci\u00f3n de medidas de seguridade; an\u00e1lise de eventos e de aplicaci\u00f3n de remedios; formaci\u00f3n. <br \/>\nReforzo dos plans de concienciaci\u00f3n, tecnol\u00f3xicos e de medidas de protecci\u00f3n de infraestruturas e activos de operaci\u00f3n para mitigar a probabilidade de que se materialicen os riscos e impactos asociados.<\/td><td class=\"column-4\">Escenarios\/Mapa de calor<\/td><td class=\"column-5\">\u2191<\/td><td class=\"column-6\">Incremento de ameazas potenciadas polo uso de IA, por cibercriminais e polo contexto xeopol\u00edtico. <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-627 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-2ea2f6f e-flex e-con-boxed e-con e-parent\" data-id=\"2ea2f6f\" 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-b62551f elementor-widget elementor-widget-spacer\" data-id=\"b62551f\" 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-68af5d0 e-flex e-con-boxed e-con e-parent\" data-id=\"68af5d0\" 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-d5b443c kec-table elementor-widget elementor-widget-shortcode\" data-id=\"d5b443c\" 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-628\" class=\"tablepress tablepress-id-628\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Tipo de risco<\/th><th class=\"column-2\">Descrici\u00f3n<\/th><th class=\"column-3\">Xesti\u00f3n<\/th><th class=\"column-4\">M\u00e9trica<\/th><th class=\"column-5\"> <\/th><th class=\"column-6\">Tendencia<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Protecci\u00f3n de datos<\/td><td class=\"column-2\">Incerteza asociada ao incumprimento das obrigas en materia de Protecci\u00f3n de Datos que pode dar lugar a unha sanci\u00f3n administrativa ou sentenza no \u00e1mbito civil.<\/td><td class=\"column-3\">Plan de Acci\u00f3n por \u00e1rea de Negocio para mitigar o risco asociado a cada obriga en funci\u00f3n da prioridade e criticidade. Trab\u00e1llase en li\u00f1a cos requirimentos do Regulamento xeral de protecci\u00f3n de datos (RXPD) e da Lei org\u00e1nica 3\/2018, do 5 de decembro, de protecci\u00f3n de datos persoais e garant\u00eda dos dereitos dixitais (LOPDGDD). Plan de auditor\u00eda interna de revisi\u00f3n peri\u00f3dica do cumprimento. <\/td><td class=\"column-4\">Mapa de calor\/escenarios<\/td><td class=\"column-5\">\u2191<\/td><td class=\"column-6\">Incerteza e endurecemento normativo.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-628 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-fff585a e-flex e-con-boxed e-con e-parent\" data-id=\"fff585a\" 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-cd2fdb9 elementor-widget elementor-widget-spacer\" data-id=\"cd2fdb9\" 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-2098790 e-flex e-con-boxed e-con e-parent\" data-id=\"2098790\" 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-ece70f4 kec-table elementor-widget elementor-widget-shortcode\" data-id=\"ece70f4\" 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-629\" class=\"tablepress tablepress-id-629\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Tipo de risco<\/th><th class=\"column-2\">Descrici\u00f3n<\/th><th class=\"column-3\">Xesti\u00f3n<\/th><th class=\"column-4\">M\u00e9trica<\/th><th class=\"column-5\"> <\/th><th class=\"column-6\">Tendencia<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Relacionados coa natureza<\/td><td class=\"column-2\">Efectos adversos que a degradaci\u00f3n de ecosistemas, a perda de especies ou a alteraci\u00f3n dos servizos ecosist\u00e9micos poidan ocasionar nas operaci\u00f3ns, a cadea de subministraci\u00f3n e o valor financeiro de Naturgy, debido \u00e1s dependencias e os impactos que a organizaci\u00f3n ten sobre os recursos naturais.<\/td><td class=\"column-3\">Plans de emerxencia en instalaci\u00f3ns con risco de accidente ambiental.                                           <br \/>\nP\u00f3lizas de seguro espec\u00edficas.<br \/>\nXesti\u00f3n integral ambiental.<br \/>\nNaturgy adoptou as recomendaci\u00f3ns dos grupos de traballo internacional Task Force on Nature-related Financial Disclosures (TNFD), no que se refire \u00e1 an\u00e1lise de riscos e oportunidades relacionados coa biodiversidade.<\/td><td class=\"column-4\">Escenarios\/Mapa de calor<\/td><td class=\"column-5\">\u21c6<\/td><td class=\"column-6\">Elevado cambio normativo ou regulatorio en funci\u00f3n da localizaci\u00f3n.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-629 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-aeaaab6 e-flex e-con-boxed e-con e-parent\" data-id=\"aeaaab6\" 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-298584e elementor-widget elementor-widget-spacer\" data-id=\"298584e\" 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-a3d839c e-flex e-con-boxed e-con e-parent\" data-id=\"a3d839c\" 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-173959b kec-table elementor-widget elementor-widget-shortcode\" data-id=\"173959b\" 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-630\" class=\"tablepress tablepress-id-630\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Tipo de risco<\/th><th class=\"column-2\">Descrici\u00f3n<\/th><th class=\"column-3\">Xesti\u00f3n<\/th><th class=\"column-4\">M\u00e9trica<\/th><th class=\"column-5\"> <\/th><th class=\"column-6\">Tendencia<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Seguridade e sa\u00fade<\/td><td class=\"column-2\">Risco de lesi\u00f3ns e deterioraci\u00f3n da sa\u00fade dos profesionais de Naturgy e das empresas colaboradoras relacionadas coa actividade.<\/td><td class=\"column-3\">Sistema de xesti\u00f3n de seguridade e sa\u00fade. Plan de seguridade dirixido ao control dos seis factores de risco de maior criticidade por frecuencia e gravidade de<br \/>\naccidentabilidade: espazos confinados, traballo en altura, risco el\u00e9ctrico, talla e poda de arboredo, manipulaci\u00f3n de carga e seguridade viaria.<\/td><td class=\"column-4\">Mapa de calor\/escenarios<\/td><td class=\"column-5\">\u21c6<\/td><td class=\"column-6\">Estable en valores baixos de risco.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-630 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-bd0d4b4 e-flex e-con-boxed e-con e-parent\" data-id=\"bd0d4b4\" 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-afe2ce3 elementor-widget elementor-widget-spacer\" data-id=\"afe2ce3\" 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-0520874 e-flex e-con-boxed e-con e-parent\" data-id=\"0520874\" 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-76f096f kec-table elementor-widget elementor-widget-shortcode\" data-id=\"76f096f\" 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-631\" class=\"tablepress tablepress-id-631\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Tipo de risco<\/th><th class=\"column-2\">Descrici\u00f3n<\/th><th class=\"column-3\">Xesti\u00f3n<\/th><th class=\"column-4\">M\u00e9trica<\/th><th class=\"column-5\"> <\/th><th class=\"column-6\">Tendencia<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Reputacional e ASG<\/td><td class=\"column-2\">Deterioraci\u00f3n da percepci\u00f3n de Naturgy dende diferentes grupos de interese, por motivos ambientais, sociais e de gobernabilidade.<\/td><td class=\"column-3\">Identificaci\u00f3n e seguimento de potenciais eventos reputacionais. Transparencia na comunicaci\u00f3n. Mecanismo de control a trav\u00e9s do Sistema de Control Interno de Informaci\u00f3n sobre Sostibilidade (SCIIS). <\/td><td class=\"column-4\">Escenarios\/Mapa de calor<\/td><td class=\"column-5\">\u21c6<\/td><td class=\"column-6\">Estabilizaci\u00f3n das puntuaci\u00f3ns do \u00edndice RepRisk.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-631 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-ea035d0 e-flex e-con-boxed e-con e-parent\" data-id=\"ea035d0\" 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-f2b6100 elementor-widget elementor-widget-spacer\" data-id=\"f2b6100\" 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-35b5afc e-flex e-con-boxed e-con e-parent\" data-id=\"35b5afc\" 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-6f95aaf kec-table elementor-widget elementor-widget-shortcode\" data-id=\"6f95aaf\" 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-632\" class=\"tablepress tablepress-id-632\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Tipo de risco<\/th><th class=\"column-2\">Descrici\u00f3n<\/th><th class=\"column-3\">Xesti\u00f3n<\/th><th class=\"column-4\">M\u00e9trica<\/th><th class=\"column-5\"> <\/th><th class=\"column-6\">Tendencia<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Risco 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\">Risco reputacional e penal<\/td><td class=\"column-2\">Sanci\u00f3ns administrativas e penais. Deterioraci\u00f3n da imaxe reputacional de Naturgy.<\/td><td class=\"column-3\">Modelo de prevenci\u00f3n penal, C\u00f3digo \u00c9tico e Pol\u00edtica Anticorrupci\u00f3n.<br \/>\nCanle do C\u00f3digo \u00c9tico.<br \/>\nFormaci\u00f3n.<\/td><td class=\"column-4\">Mapa de calor\/escenarios<\/td><td class=\"column-5\">\u21c6<\/td><td class=\"column-6\">Comisi\u00f3n de il\u00edcitos penais, sanci\u00f3ns, perdas financeiras, de reputaci\u00f3n, de contratos e clientes.<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Risco de contraparte<\/td><td class=\"column-2\">Sanci\u00f3ns administrativas e penais. Dano reputacional, con impacto nas relaci\u00f3ns contractuais.<\/td><td class=\"column-3\">Procedemento de Due Diligence de Contraparte. <br \/>\nFormaci\u00f3n.<\/td><td class=\"column-4\"> <\/td><td class=\"column-5\"> <\/td><td class=\"column-6\"> <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-632 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-123f823 e-flex e-con-boxed e-con e-parent\" data-id=\"123f823\" 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-66e7542 elementor-widget elementor-widget-spacer\" data-id=\"66e7542\" 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-00ff4b1 e-flex e-con-boxed e-con e-parent\" data-id=\"00ff4b1\" 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-646a5d1 kec-table elementor-widget elementor-widget-shortcode\" data-id=\"646a5d1\" 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-633\" class=\"tablepress tablepress-id-633\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Tipo de risco<\/th><th class=\"column-2\">Descrici\u00f3n<\/th><th class=\"column-3\">Xesti\u00f3n<\/th><th class=\"column-4\">M\u00e9trica<\/th><th class=\"column-5\"> <\/th><th class=\"column-6\">Tendencia<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Cambio Clim\u00e1tico<\/td><td class=\"column-2\">Incerteza derivada da transici\u00f3n enerx\u00e9tica (normativas, mercados ou tecnol\u00f3xicas) e dos impactos f\u00edsicos do cambio clim\u00e1tico.<\/td><td class=\"column-3\">Posicionamento corporativo a trav\u00e9s da Pol\u00edtica global de sostibilidade, do Plan de sostibilidade e do Plan de transici\u00f3n clim\u00e1tica, no que se reforza a gobernanza en temas de clima e se establecen obxectivos de transici\u00f3n enerx\u00e9tica ali\u00f1ados co Plan estrat\u00e9xico.<\/td><td class=\"column-4\">An\u00e1lise de escenarios clim\u00e1ticos e avaliaci\u00f3n cualitativa<\/td><td class=\"column-5\">\u2191<\/td><td class=\"column-6\">Incerteza tecnol\u00f3xica futura. Aumento dos requisitos de coherencia da informaci\u00f3n financeira e de sostibilidade cos obxectivos da compa\u00f1\u00eda.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-633 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-f8cb79a e-con-full e-flex e-con e-parent\" data-id=\"f8cb79a\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d7b268c elementor-widget elementor-widget-spacer\" data-id=\"d7b268c\" 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-1570503 e-flex e-con-boxed e-con e-parent\" data-id=\"1570503\" 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-78182d6 elementor-widget elementor-widget-text-editor\" data-id=\"78182d6\" 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\u00e9tricas empregadas:<\/strong><\/p><ul><li>Estoc\u00e1stica: xeraci\u00f3n de sendas de evoluci\u00f3n das magnitudes m\u00e1is relevantes, tomando como risco a m\u00e1xima desviaci\u00f3n respecto ao escenario de referencia, de acordo cun nivel de confianza predeterminado. As magnitudes mencionadas son, tipicamente, Ebitda ou fluxo de caixa libre despois de minoritarios.<\/li><li>Escenarios: an\u00e1lise do impacto respecto ao escenario de referencia dun n\u00famero limitado de posibles incidencias.<\/li><li>Mapa de calor: val\u00f3ranse os factores de risco m\u00e1is relevantes de cada categor\u00eda de risco, cuantificando o impacto e a probabilidade de ocorrencia para cada un.<\/li><li>Tests de estr\u00e9s non financeiros.<\/li><li>Aplicaci\u00f3n de marcos internacionais de avaliaci\u00f3n de riscos: Task Force on Climate-Related Financial Disclosures (TCFD) para cambio clim\u00e1tico e Task Force on Nature-related Financial Disclosures (TNFD) para Biodiversidade.<\/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-d042da7 e-flex e-con-boxed e-con e-parent\" data-id=\"d042da7\" 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-aee12dd elementor-widget elementor-widget-spacer\" data-id=\"aee12dd\" 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>Modelo de control e xesti\u00f3n de riscos O modelo de control e xesti\u00f3n de riscos de Naturgy determina metodolox\u00edas de valoraci\u00f3n do risco e modeliza, controla, xestiona e establece o informe do risco do Grupo, para garantir o mantemento dun perfil de risco e duns l\u00edmites de risco obxectivo que aseguren que o nivel de [&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-97803","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.naturgy.com\/gl\/wp-json\/wp\/v2\/pages\/97803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.naturgy.com\/gl\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.naturgy.com\/gl\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.naturgy.com\/gl\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.naturgy.com\/gl\/wp-json\/wp\/v2\/comments?post=97803"}],"version-history":[{"count":30,"href":"https:\/\/www.naturgy.com\/gl\/wp-json\/wp\/v2\/pages\/97803\/revisions"}],"predecessor-version":[{"id":139724,"href":"https:\/\/www.naturgy.com\/gl\/wp-json\/wp\/v2\/pages\/97803\/revisions\/139724"}],"wp:attachment":[{"href":"https:\/\/www.naturgy.com\/gl\/wp-json\/wp\/v2\/media?parent=97803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}