Successful management of risk is critical to the delivery of our objectives at TUI Travel. We strive continually to improve operational performance, reduce losses and create superior shareholder value in the pursuit of the Group’s strategic goals.
Risk management is critical to the long-term success of our business and a key area of management focus. We continue to strengthen our risk governance framework, enabling us to understand the threats and opportunities in the market place, to match these against the strengths and weaknesses of our Group and respond accordingly.
Our risk management process, and the risk software supporting it, helps to drive clarity, consistency, transparency and accountability at every level of the organisation. It enables us to manage our risk exposures across the Group so that, at any given time, we are incurring the right level and the right type of risk to pursue effectively our strategic goals.