GECINA - REFERENCE DOCUMENT 2017

01

PRESENTATION OF THE GROUP Summary of the principal risks

SUMMARY OF THE PRINCIPAL RISKS 1.5 Risk management is a dynamic process that is defined and implemented under Executive Management’s responsibility. Risk management is integrated in the company’s decision-making and operational processes. The Board of Directors ensures that the management of the company integrates management of the major risks. Through the work of the Audit and Risk Committee, it ensures that the effectiveness of the internal control and risk

management systems is monitored. Executive Management, acting through the Executive Committee, is responsible for implementing and directing the risk management process. The following graph presents a summary of the principal elevated risks affecting the Group. Changes in the main risks associated with their respective control systems are also included. Please refer to chapter 6.1.2 for details on moderate risks.

E n v i r o n m e n t a l

F i n a n c i a l

Principal risks:

01 - Risks of change in the real estate market 02 - Corporate dispute risks 03 - Risks of a decrease in the financial occupancy rate 04 - Risks of obsolescence 05 - CSR risks 06 - Legal and tax risks 07 - Risks linked to failure to issue administrative permits and review

08

11

09

10

Moderate High

15

08 - Market risks 09 - Liquidity risks

04

05

12

03

10 - Counterparty risks 11 - Interest rate risks 12 - Asset valuation risks

T e c h n o l o g i c a l

E c o n o m i c

13 - Risks linked to sub-contracting 14 - Risks related to insurance costs

01

17

and lack of coverage for certain risks

16

15 - Risks linked to competition 16 - Risks of tenant insolvency 17 - Acquisition risks 18 - Property risks 19 - Digital and technological risks

13

02

19

14

07

18

06

H e a l t h & S e c u r i t y

L e g a l

24 GECINA - REFERENCE DOCUMENT 2017

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