ADP_REGISTRATION_DOCUMENT_2017
RISK MANAGEMENT AND CONTROL 04 RISK FACTORS
Risks linked to asset maintenance
RISK IDENTIFICATION
RISK MONITORING AND MANAGEMENT
Aéroports de Paris must ensure that the facilities available to its customers are in good working order. Given the complexity and density of its physical infrastructure in its Ile-de-France platforms (with a strong increase in reception capacities over the last ten years), the Company is exposed to the risk of obsolescence and loss of value of its infrastructure. Infrastructure maintenance presents challenges in terms of security, image, customer satisfaction (airlines, passengers) and operational effectiveness.
Infrastructure maintenance is one of the priorities of the strategic plan, “CONNECT 2020” (€1 billion in investments allocated to the Ile-de-France platforms). A technical division within the new Airport Operations Executive Management was dedicated to steering the technical policy (notably in terms of maintenance and obsolescence) and infrastructure information in July 2017. To this can be added the completion of modernisation and renovation work such as runway four in Paris-Orly during summer 2017.
Legal risks Risks related to regulatory changes
RISK IDENTIFICATION
RISK MONITORING AND MANAGEMENT
The Public Affairs Division, reporting to the group’s Executive Management, carries out regulatory monitoring on its behalf. Responsible for institutional relations, the Public Affairs Division has structured the group’s interactions with the national and European parliaments, the supervisory ministries and administrations in respect of the obligations for transparency linked to the “Sapin II” and “Duty of vigilance” laws. Groupe ADP also has a responsible lobbying charter since December 2016.
Groupe ADP is subject to all national and international laws, and regulations that change constantly in a wide range of areas (safety, security, environment, ethics…) and which differ depending on the countries in which the group operates. These changes may have an impact on the group’s activities, liability and image, and generate compliance costs. The regulatory changes concern notably the risks linked to:
economic regulation; ethics and compliance; security; airport safety; the safety of people and goods; information protection and IT systems.
Management organisation risks Human Resources risks
RISK IDENTIFICATION
RISK MONITORING AND MANAGEMENT
Achieving the group’s ambition requires, specifically, the commitment and mobilisation of the men and women who work for it, based around shared objectives and common values. If Aéroports de Paris is not able to ensure an adequate level of resources and skills required for its activities, its development, the achievement of its objectives and its results could be affected.
The Human Resources (HR) policy contributes directly to the priorities of the CONNECT 2020 strategic plan and the ERA 2016-2020, in particular by managing changes in organisations and jobs and by promoting the development of employees and the development of a managerial culture that will attract talent, whilst complying with the Company’s CSR commitments. The three-year collective agreement of 29 January 2016 on the management of resources and skills included provisions on “training” and “generation”. It develops a three-year qualitative overview of the resources and skills, to anticipate mobility, and the professional development of employees. The managers are responsible for an overall budget including recruitments, temporary workers and training. The management of talents and career paths contributes to developing the Company’s attractiveness. Career paths, under development, provide visibility to employees and meet the strategic needs of the Company and organisations, including the group and international dimensions. Mobility supports the redeployment of the organisations, and is subject to detailed analysis of the characteristics of the needs for Aéroports de Paris, the group and international organisation.
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AÉROPORTS DE PARIS REGISTRATION DOCUMENT 2017
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