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
Enterprise risk management is a continuous process. Its related activities are repeated regularly to identify and address risks, ensuring outcomes are relevant for effective decision-making.
We adopt a holistic approach combining both top-down (company-level) and bottom-up (organization and process-level) perspectives. This helps us identify, evaluate and manage risks at the right level. We continuously seek to improve our ERM process based on learnings, developments and best practices.
Risk management governance structure
We deploy our ERM framework through a well-defined governance structure. ASML’s Risk and Business Assurance team, which reports to the CFO, coordinates the ERM process and associated activities across ASML.
ASML sets standards for risk management to identify, manage and monitor risks, supporting leadership in driving continuous, sustainable growth.
Risk factors
Many risks have the potential to impact our business and it is important to understand their nature. We assess risks using the ASML risk universe – a consolidated view of the risk categories that may have an 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.
