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Risk Acceptance

Taking risks is an integral part of business. The extent to which Schiphol is prepared to take risks to achieve its objectives differs according to each objective and risk category.
Risk acceptance is determined using risk limits as set out in policy documentation, handbooks and company regulations that define the specific limits and tolerances of the various operational activities. In determining these, we are also paying increased attention to the possible convergence and accumulation of various risks.

Risk Category

Risk Acceptance

Description

Strategic

moderate

Schiphol is prepared to take moderate risks to achieve its objectives. In doing so, we aim to strike a balance between our socio-economic role (low risk acceptance) and our commercial targets (higher risk acceptance).

Operational

very low

Schiphol focuses primarily on ensuring the continuity of aviation activities, regardless of circumstances. We aim to reduce the risks that threaten this continuity as much as possible. Our risk acceptance in this regard is therefore very low. In the area of safety and security, we do all we can to avoid risks that could put passengers, employees, visitors or local residents in danger.

Financial

low

We maintain a solid financial position in order to guarantee access to the financial markets. Schiphol is not prepared to take risks that could jeopardise our (Standard & Poor's) credit rating of at least 'A'.

Compliance

zero

Schiphol strives to comply with all applicable laws and legislation, with a special focus on safety and security, environmental, tendering, competition and privacy/information security compliance.