Risk management (cont.) Our classification of climate risks We classified risks to establish a clear link between the manifestations of climate change and their effects on our business activities. This classification also allows climate risk factors to be integrated into our risk register. For more details, see the examples of climate risk factors. * Short term: 0 to 2 years, medium term: 2 to 5 years and long term: 5 to 10 years Our monitoring of emerging risks The effects of climate risks are already being felt within the organization, but their evolution remains complex and unpredictable. This is why they are also integrated into our emerging risk monitoring process. This process allows us to identify our vulnerabilities and prepare for potential impacts on our insurance and financial operations. Emerging risks often call for more than simple monitoring: they require action and the ability to adapt to major external challenges. In this context, our organization carries out ongoing monitoring to spot, assess and track these emerging risks, and to determine their impact on our business environment. This monitoring is based on oversight of both the internal and external environment and on regular discussions with the business sectors concerned. This work enables us to identify opportunities and gain a better understanding of how emerging risks are evolving. They also help inform our business plans and strategic planning. We prioritize short, medium and long-term analysis* to ensure an appropriate response to climate risks and strengthen our resilience. 2025 – CSR SUMMARY 80
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