back 
Responsibility for the RWE Group’s risk management system sits with the Executive Board of RWE AG. It establishes the rules and minimum standards that ensure groupwide risk management. The corporate “Group Risk Management” department reports directly to the Chief Financial Officer and exercises control and co-ordination functions. Its tasks include developing groupwide specifications for methods and processes, regular reporting, and monitoring all risks. Our Group companies ensure that the groupwide risk management guidelines are implemented uniformly, under the technical supervision of the corporate department.
In addition, the following committees handle corporate risk management tasks:
- Risk Committee: This body handles the tracking and monitoring of commodity Glossary price risks and management of the credit risks arising from trading, sales and purchasing activities. The committee convenes once a month. This ensures close monitoring of those risks that are pivotal to us. The CFO of RWE AG is the Chairman of the Risk Committee. He is supported by the heads of the Group Risk Management, Group Finance and Value Chain Management departments. The CFOs of RWE Power, RWE Dea, RWE Energy and RWE npower, as well as the managing directors in charge of finance at RWE Supply & Trading and RWE Innogy, also sit on the Risk Committee. They ensure uniform compliance with groupwide risk management directives in the companies. They are assisted in this by the respective subsidiaries’ risk controlling departments. Organizationally, they are strictly separated from the operating units.
- Risk Management Committee: This body is responsible for implementing, monitoring and refining the risk management system. It is largely composed of the heads of the corporate departments of RWE AG’s Finance Department. The Risk Management Committee is chaired by RWE AG’s Group Risk Management Department.
- Asset Management Committee: Its task is to manage risks associated with investments in securities. This body, to which the CFO of RWE AG, the head of corporate finance and the CFOs of RWE Power, RWE Dea, RWE Energy and RWE npower belong, defines, among other things, the asset strategy, taking the earnings potential and risks of long-term capital investments into account. This includes selecting suitable asset classes (bonds, stocks, etc.) and the allocation of the company’s funds to the individual asset categories.
