Risk management
The ERM model
IGD implemented a Enterprise Risk Management (ERM) model in order to detect and evaluate in a systematic and integrated way its risks. The aim of the model is to support the top management in identifying the key business risks, to monitor the management arrangements, as well as to define organizational safeguards to protect and lessen the risks themselves.
Types of risks
The main types of risks that IGD faces and manages in the performance of its activities are connected to the following four areas:
- Strategic risks, connected to the identification of the investment opportunities, to the changes in the external scenario and to the country risk;
- Operational risks, particularly in the planning and implementation of the target position/merchandising mix and tenant mix of the shopping centers, as well as the pre-letting activities, in the damages to property or to third parties and, finally, in the performance of third party suppliers of works and services;
- Compliance risks, including the maintenance of the requirements for SIIQ regime;
- Financial risks, related to the procurement of new resources, to the changes in interest rate and to the exchange rate with RON.



