Telekom's corporate environment is becoming increasingly complex and dynamic. Technological developments, state regulation and intensifying competition require a systematic, anticipatory management approach to risks and opportunities.

The Group-wide risk and opportunities management system is a central strategic tool of corporate management. It helps us identify and evaluate negative effects and the potential of current and future trends at an early stage and control their consequences.

The Annual Report 2011 of Deutsche Telekom provides extensive information on current opportunities and risks that are also relevant in terms of corporate responsibility.