Although most larger organizations use an explicit hedging policy, some do not.

尽管较大型企业大多都会有详尽的对冲政策，但仍有一些企业没有相关政策。

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PPR, a French holding company which owns Gucci and several retail chains, has already declared that it will be adversely affected by its hedging policy, for example.

比如说，拥有古奇和几家零售连锁店的法国P PR集团已经宣布，将会受到自身风险规避政策的不利影响。

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"Engagement" is backed by a second policy, best described as hedging.

第二项政策能够支持“接触”政策的开展，较为恰当的含义是防患于未然。

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