Veolia Environnement’s risk revolution

The French utility’s year-old metamorphosis includes far-reaching changes to its risk management processes. Naomi Humphries reports

When French media and entertainment giant Vivendi Universal brought togetherabout 2,500 water, waste management, energy and transport subsidiaries in 87countries under the umbrella Vivendi Environnement (VE) in December 1999, theprocess entailed more than a change in corporate structure and rebranding. VEalso centralised the group’s risk management, and has been honing its approachever since. Vivendi spun VE off in November 2002, and now, under the new nameVeolia Environnement, the process

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