As an international aviation company, the Lufthansa Group is exposed to a number of macroeconomic, sector-specific, financial and Company-specific opportunities and risks. The Lufthansa Group defines opportunities and risks as the possible positive or negative deviations from a forecast figure or a defined objective for possible future developments or events. Opportunities and risks are an ever present part of doing business; their active management is deliberately integrated into business processes.
Objectives and strategy of the risk management system
Risk management at the Lufthansa Group aims to fully identify risks, to present and compare them transparently and to assess and manage them. Risk owners are obliged to monitor and manage risks proactively and to include relevant information in the planning, steering and control processes. The Group guidelines on risk management adopted by the Executive Board define all the binding methodological and organisational standards for dealing with opportunities and risks.
Inclusion of CSR Directive Implementation Act in risk management
When the CSR Directive Implementation Act (CSR-RUG) came into effect in April 2017, the Lufthansa Group’s risk management was expanded to cover aspects relevant to CSR (environmental, employee and social concerns, as well as human rights, anti-corruption measures and bribery) and their risks for external stakeholders. The risk management methodology remains unchanged, however.
Further information regarding the opportunity and risk management system can be found here.
The Lufthansa Group is a global aviation group with a total of more than 550 subsidiaries and equity investments.
Key data on sustainability
Corporate responsibility, that is to say sustainable and responsible entrepreneurial practice, is an integral part of our corporate strategy. It means that we are committed to creating added value for our customers, employees and investors and to meeting our responsibilities toward the environment and society.
Current news from the Lufthansa Group