• Conciseness

Key observations:

Go-Ahead’s risk section provides a concise overview of the company’s risk management framework, which is aided by a simple graphic that clearly shows the Group’s top-down and bottom-up approach to risk management.

The table on pages 36-39 identifies the key external, strategic and operational risks facing Go-Ahead.  Consideration of each risk highlights the potential impact as well as the corresponding mitigating action that has been taken by the company.  The table concludes with a summary of the year-over-year change for each identified risk, allowing readers to assess the company’s ability to identify and mitigate risks over time and to get a sense for trends that may be developing that could impact Go-Ahead’s ability to create value in the future.

The addition of a risk case study on cyber security evidences the progress which has been made in this specific area of risk management, while also demonstrating the company’s proactive approach to risk management. The case study also uses external sources to evidence why this specific area of risk is particularly vital to the company.