TABLE OF RISKS – NUMBERING, LABELS AND CRITICALITIES
Criticality is appraised having regard to the control actions undertaken.
| Category | Risk | Criticality |
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| 1. Market regulation, political and legal risks | 1. Market regulation, political and legal risks Risk 1A – Changes in public policies and in the regulatory framework in France and Europe, especially relating to ARENH. |
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Category 1B – Changes in the legal and regulatory framework for hydraulic concessions |
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Category 1C – Changes in the legislative and regulatory framework for electricity distribution concessions |
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Category 1D – Ethical or compliance violations |
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Category 1E – Litigation risk |
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| 2. Financial and market risks | 2. Financial and market risks Risk 2A – Energy market risk |
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Category 2B – Financial markets risk |
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Category 2C – Interest rate risk |
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Category 2D – Access to liquidity risk |
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Category 2E – Counterparty risk |
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Category 2F – Foreign exchange risk |
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| 3. Group transformation and strategic risks | 3. Group transformation and strategic risks Risk 3A – Transformation capacity in the face of disruptions |
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Category 3B – Adaptation to climate change: physical and transition risks |
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Category 3C – Adaptation of employees’ skills |
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Category 3D – Ability to fulfil long-term social commitments |
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| 4. Operational performance | 4. Operational performance Risk 4A – Management of large and complex industrial projects, including EPR projects |
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Category 4B – Operational continuity of supply chains and of contractual relationships |
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Category 4C – Occupational health or safety violations (employees and service providers) |
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Category 4D – Attacks against assets, including cyber attacks |
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Category 4E – Hydraulic safety violations |
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Category 4F – Risk of supply/demand imbalance within EDF |
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Category 4G – Risk of black-out |
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Category 4H – Industrial safety violations and impact on environmental assets, including biodiversity |
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| 5. Specific risks related to nuclear activities | 5. Specific risks related to nuclear activities Risk 5A – Failure to comply with the objectives in terms of operation and/or of extending the operating life of nuclear power plants (France and United Kingdom) |
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Category 5B – Control of radioactive waste treatment, of the decommissioning of nuclear facilities, and ability to meet related commitments |
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Category 5C – Nuclear safety violations during operation resulting in nuclear civil liability |
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Category 5D – Control of the fuel cycle |
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Caption
Strong criticality
Intermediate criticality
Moderate criticality