Regular revision of Porsche’s risk map means it is constantly changing. Managing and monitoring each risk is the responsibility of the management of the organisational unit which is most suited to the task. These rules apply to all risks and therefore also to climate-related risks.ĭescribe the climate-related risks and opportunities Porsche has identified over the short, medium, and long term: management of the operating units) is the first entity that evaluates, manages and monitors risks. In addition, the effectiveness of the risk early-warning system is audited annually by external auditors.ĭescribe management’s role in assessing and managing climate-related risks and opportunities:īased on the existing risk management system specifications, which are founded on the well-known Three Lines Model, the first line (i.e. The Executive Board of Porsche AG receives quarterly reports on the current risk exposure (primary individual risks and overall risk assessment) and, based on these, can in particular understand and assess the current degree of jeopardy for the company’s continued existence due to climate-related risks. These include “climate-related” risks, for example physical or transitory climate risks insofar as these lie above the relevance thresholds stipulated in terms of risk policy. This is implemented at Porsche by means of the existing risk management system. The risk management system is used to identify and evaluate risks throughout the company as well as handle and monitor their management. Pursuant to Section 91 (2) and (3) of Germany’s Stock Corporation Act (AktG), the management board of a stock corporation is obliged to institute a monitoring system in order to allow developments jeopardising the company’s continued existence to be identified at an early point in time. IPad 3, iPad 4, iPad Air, iPad iPad, iPad Mini 2, iPad Mini 3, iPad Mini 4, 9.Describe the board’s oversight of climate-related risks and opportunities: IPhone 12 Pro Max, iPhone 13 Pro Max, iPhone 14 Plus: 1284x2778
IPhone Xs Max, iPhone 11 Pro Max: 1242x2688 IPhone X, iPhone Xs, iPhone 11 Pro: 1125x2436 IPhone 6 plus, iPhone 6s plus, iPhone 7 plus, iPhone 8 plus: 1242x2208 IPhone 6, iPhone 6s, iPhone 7, iPhone 8: 750x1334 IPhone 5, iPhone 5s, iPhone 5c, iPhone SE: 640x1136 IPhone: iPhone 2G, iPhone 3G, iPhone 3GS: 320x480
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