The company’s approach to risk management is divided into four dimensions: Market: assesses the impact of the volatility of risk factors such as interest rates, exchange rates and commodity prices on cash flow; Credit: reviews the possibility of default of obligations assumed by counterparties, such as customers, financial institutions and suppliers, among others; Operational: evaluates the risk of potential losses resulting from failures or shortcomings in internal processes, people, systems and/or external events that may resulting in harm to people, the environment, to property, to society and to the company’s reputation; Projects: focuses on the potential impact of risk on investment, the duration and safety of projects, as well as the operational performance of new facilities.