The A.P. Moller - Maersk Group is exposed to a range of diff erent risks due to its global presence and variety of businesses. This requires a portfolio approach to risks where the downside risks are carefully evaluated and balanced against the upside potential and where risks are assessed from a portfolio perspective.Management of the Group’s risks is anchored in an Enterprise Risk Management framework, where the most signifi cant risks and mitigation plans are consolidated bi-annually in a Group key risk overview. The Group key risk overview is discussed with the Group’s Executive Board and Board of Directors.