Investor Presentaiton
Risk management and insurance
Formalised risk management framework
Risk management cycle consistent with ISO 3100:2018
Incorporates use of Bow-Tie methodology as part of the risk assessment
process
• Network risk management includes the identification of network failure
modes and their criticality as a core element
•
Provides visibility of any uncertainties to the achievement of plans, priorities
and the ability to work to Ausgrid's corporate values
Provides assurance to management that the business critical controls in place
are designed and operating effectively
Regular reporting including emerging risks, key risk indicator trends and risk
treatment action status
Board risk appetite statement
1. People, Health & Safety
2. Customer
3. Reputation
4. Cyber and Physical Security
5. Environment
6. Regulatory & Compliance
Themes
Risk Averse
Risk Sensitive
Risk Neutral
Risk Averse
Risk Sensitive
Risk Sensitive
7. People Conduct
Risk Averse
8. People Workforce & Culture
Risk Sensitive
9. Network Operations
10. Finance
Risk Sensitive
Risk Sensitive
Risk Neutral
Risk Seeking
Insurance
°
.
General Liability - $860 million of cover with a $250,000 deductible (includes
Full Failure to Supply)
-
Property $1 billion of cover with a $10 million deductible for substations,
$500,000 for vehicles and $200,000 for other assets
Bushfire Liability - $860 million of cover with a $10 million deductible
11. Operating Technology
12. New Business
Better
Ausgrid Together
Risk Averse
Risk Sensitive
Risk Neutral
Risk Seeking
Definitions
Avoid risk taking wherever possible
Limited risk taking
Calculated risk taking
Engage with risk pursue opportunities
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