How we manage risk
A systematic approach in a dynamic environment
Dynamics in the global semiconductor industry present both opportunities and risks. ASML manages risk through an enterprise risk management (ERM) framework that integrates risk management into our daily business activities and strategic planning.
Our risk management process
ASML's ERM framework is designed to enable a well-defined governance structure and a robust ERM process. The Risk and Business Assurance function drives the ERM process and associated activities across ASML. We follow a systematic approach to identify, manage and monitor risks in pursuit of our business objectives by setting standards and enabling management to maintain and continuously improve our governance, risk management, internal control and compliance.
Read more about how ASML manages risk in our annual report.
Risk management governance structure
Risk universe
ASML’s risk universe is a consolidated overview of the risk categories that may have a material adverse effect in achieving our business objectives. We review and update our risk universe frequently, taking into account a broad range of internal and external information sources, such as macroeconomic and industry trends, relevant guidelines and legislation, and stakeholders’ needs and expectations.
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Strategy and products |
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Finance & reporting
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Partners
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People
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Operations
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Legal and compliance |
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Risk appetite
Our ‘risk appetite’ sets out the level of risk we are willing to accept to achieve our objectives, which varies depending on the type of risk.
