Financial risk is inherently associated with the Company's operations. Given the strong co-relation between the risk incurred and the achievable revenue or increase in the company's economic value, in its financial risk management PGNiG SA seeks to mitigate risks and limit them to safe levels established by the Risk Committee and acceptable to the Management Board - rather than to completely eliminate the threats resulting from changes in risk factors. Therefore, the Company strives to avoid unnecessary financial risk, understood as cash flows volatility, and mitigate it through appropriate centralised management.
Since 2003, PGNiG SA has had in place a Risk Management Policy governing the process of identification, measurement, ongoing monitoring, limitation and reporting of risk exposures and any identified irregularities. The main objective of the risk management policy is to limit volatility in the Company's operating of cash flows to acceptable levels in the short and medium term, as well as building of the company value in the long term.