The judges highlighted the fund’s disciplined, innovative, and effective approach to pension de-risking. It employs a sophisticated, multi-layered framework, including a global deficit value at risk (VaR) system, early-warning mechanisms, and proprietary simulation tools, which together capture a wide spectrum of asset-liability and market risks. Since 2022, Airbus has systematically raised hedge ratios across schemes, using a phased strategy to mitigate volatility while integrating liability-driven investment (LDI) within a global governance framework. Airbus’s unified, quantitative, and forward-looking risk-management strategy exemplifies excellence in safeguarding member benefits and corporate resilience. Its structured approach effectively manages complex, multinational exposures, integrating governance, analytics, and decision-making. The combination of rigorous oversight, proprietary tools, and swift, decisive action sets a high standard in risk management, underpinning the fund’s consistent outperformance and long-term stability.