Welcome to the Audi Report 2024! The combined annual and sustainability report of Audi brings together the topics of strategy, finance as well as Environmental, Social and Governance (ESG).
Risk Management
Our Risk Management System (RMS) / Internal Control System (ICS) is based on the internationally recognized COSO framework for enterprise risk management.
Our responsible approach to deal with risks is supported by a comprehensive Risk Management System and Internal Control System (RMS/ICS). The organizational structure of RMS/ICS from Audi is based on the internationally recognized COSO Enterprise Risk Management Framework standard (COSO: Committee of Sponsoring Organizations of the Treadway Commission). It helps to identify and minimize potential risks and, where possible, to avoid them altogether.
Principles of AUDI AG
Standardized Group-wide policies form the basis for a transparent and adequate approach to handling risks. This includes:
- promoting an open risk culture,
- aligning RMS/ICS with the corporate goals,
- assessing risks and opportunities in order to be able to make use of opportunities that involve manageable and controllable risks,
- complying with rules (compliance),
- ensuring that RMS/ICS is appropriate in terms of the type, scope, complexity and risk content of the concrete business operation, the scope of business and
- regularly checking RMS/ICS with regard to effectiveness and efficiency.
