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CORPORAT E
RE S P ONS I BI L I T Y
REPORT 201 2
2.2.2 . Risk Assessment 2.2.5 Monitoring
The Company’s objectives and the environment in which it AIA is practicing continuous monitoring in order to
operates are continually evolving and, as a result, the risks provide assurance that controls and other planned actions
it faces are continually changing. A sound system of internal are carried out properly and to identify key exceptions
control therefore depends on a thorough and regular which necessitate review and management action quickly
evaluation of the nature and extent of the risks to which and effectively. Scheduled periodic audits performed
the Company is exposed. With the establishment of the by the company’s external auditors and internal audit
business control function, the aforementioned requirement department further assure the adequacy of the Internal
has been embedded in the day-to-day operation of the Control System. Furthermore, the continuous monitoring
company. Risk identification and assessment is therefore process is facilitated through the implementation of
implemented periodically not only at Unit level but also on enhanced IT solutions. In particular, AIA has developed
a corporate basis. data measurement techniques applied to the compilation
of indicators for corporate use.
AIA compliments its corporate risk management framework
with the implementation of a Business Continuity System Continuous monitoring supports AIA’s “Value Based
(BCS), in line with applicable standards as well as industry Management” (VBM), measuring the value created on
best practices. a company and business unit level, taking into account
both financial and non-financial metrics.
2.2.3 Control Activities
The Airport Company sets a series of policies and procedures 2.3 Corporate Responsibility Governance
to ensure that management directives are carried out and
corporate objectives are achieved. The Company seeks AIA engages in a holistic approach to corporate
regular assurance from internal and external auditors to responsibility, aiming at promoting the sustainability
ensure that the control activities are functioning effectively. of all aspects of our operation and development. This
approach is reflected in the Corporate Responsibility
Furthermore, the Airport Company invests in management Policy and deployed as a cross-departmental effort,
systems that enhance controls and serve its commitment through a contemporary 3-level CR governance structure.
for providing high-quality, state-of-the-art services. Where
necessary, these systems are certified in accordance with AIA applies a Corporate Responsibility Policy that provides
prevailing standards. In this respect, AIA maintains the for the development, update and implementation of a CR
certification against the ISO9001:2008 standard for its Strategy and for the preparation of an annual CR Report
IT&T Business Unit while recertification was successfully in line with prevailing international standards.
concluded in 2012 against the ISO 14001 standard
(release 2004 + Cor1:2009) for its Environmental Services Chart 2.3
department. AIA’s CR Governance Structure
2.2.4 Information & Communication Strategic CEO &
AIA issues and discloses publicly, on an annual basis, a Level Chief Officers
number of reports that cover all aspects of activities and
performance. These include the Annual Report, the Corporate CR
Responsibility Report, the Care for the Environment bulletin Committee
and the Aerostat Report which present key figures and
trends relating to our operations and market. Reporting Level CR
Report
Furthermore, AIA has developed a reporting system which
not only supports Management in its strategic decision- Implementation Level AIA Units
making, but also fosters effective communication within the (Units & Departments) & Depts
Company as well as with external parties (e.g. customers,
concessionaires, suppliers, regulators and shareholders).
AIA’s Internet site (www.aia.gr) features an extensive section
with corporate information, including corporate reports
and publications as well as insight to sustainability and
governance aspects of the company.
11
RE S P ONS I BI L I T Y
REPORT 201 2
2.2.2 . Risk Assessment 2.2.5 Monitoring
The Company’s objectives and the environment in which it AIA is practicing continuous monitoring in order to
operates are continually evolving and, as a result, the risks provide assurance that controls and other planned actions
it faces are continually changing. A sound system of internal are carried out properly and to identify key exceptions
control therefore depends on a thorough and regular which necessitate review and management action quickly
evaluation of the nature and extent of the risks to which and effectively. Scheduled periodic audits performed
the Company is exposed. With the establishment of the by the company’s external auditors and internal audit
business control function, the aforementioned requirement department further assure the adequacy of the Internal
has been embedded in the day-to-day operation of the Control System. Furthermore, the continuous monitoring
company. Risk identification and assessment is therefore process is facilitated through the implementation of
implemented periodically not only at Unit level but also on enhanced IT solutions. In particular, AIA has developed
a corporate basis. data measurement techniques applied to the compilation
of indicators for corporate use.
AIA compliments its corporate risk management framework
with the implementation of a Business Continuity System Continuous monitoring supports AIA’s “Value Based
(BCS), in line with applicable standards as well as industry Management” (VBM), measuring the value created on
best practices. a company and business unit level, taking into account
both financial and non-financial metrics.
2.2.3 Control Activities
The Airport Company sets a series of policies and procedures 2.3 Corporate Responsibility Governance
to ensure that management directives are carried out and
corporate objectives are achieved. The Company seeks AIA engages in a holistic approach to corporate
regular assurance from internal and external auditors to responsibility, aiming at promoting the sustainability
ensure that the control activities are functioning effectively. of all aspects of our operation and development. This
approach is reflected in the Corporate Responsibility
Furthermore, the Airport Company invests in management Policy and deployed as a cross-departmental effort,
systems that enhance controls and serve its commitment through a contemporary 3-level CR governance structure.
for providing high-quality, state-of-the-art services. Where
necessary, these systems are certified in accordance with AIA applies a Corporate Responsibility Policy that provides
prevailing standards. In this respect, AIA maintains the for the development, update and implementation of a CR
certification against the ISO9001:2008 standard for its Strategy and for the preparation of an annual CR Report
IT&T Business Unit while recertification was successfully in line with prevailing international standards.
concluded in 2012 against the ISO 14001 standard
(release 2004 + Cor1:2009) for its Environmental Services Chart 2.3
department. AIA’s CR Governance Structure
2.2.4 Information & Communication Strategic CEO &
AIA issues and discloses publicly, on an annual basis, a Level Chief Officers
number of reports that cover all aspects of activities and
performance. These include the Annual Report, the Corporate CR
Responsibility Report, the Care for the Environment bulletin Committee
and the Aerostat Report which present key figures and
trends relating to our operations and market. Reporting Level CR
Report
Furthermore, AIA has developed a reporting system which
not only supports Management in its strategic decision- Implementation Level AIA Units
making, but also fosters effective communication within the (Units & Departments) & Depts
Company as well as with external parties (e.g. customers,
concessionaires, suppliers, regulators and shareholders).
AIA’s Internet site (www.aia.gr) features an extensive section
with corporate information, including corporate reports
and publications as well as insight to sustainability and
governance aspects of the company.
11
