Governance

  • Group ethics and integrity
  • Sustainability in Governance

Group ethics and integrity

Ethical conduct in the management of Group business (e.g. adoption of non-competitive behaviour, anti-corruption policies; observance of laws and regulations, compliance with national and international principles in environmental and social matters), implementation of mechanisms and procedures for the reporting of irregularities and illicit behaviour; respect for human rights along the entire value chain (suppliers, employees and customers).

82%

Employees with Code of Ethics training

3,372hours

Training (involving 20% of employees) on corporate liabilities for illicit staff conduct (Italian Law 231/01

0cases

Serious violation regarding personal data

43

Consolidated companies which have adopted their own model of organization, management and control to ensure compliance with Law 231/01

What we have done

  • Training on Code of Ethics
  • Training on Law 231/01 compliance
  • Adoption of human rights policy
  • Group guidelines for whistleblowing (anonymous and non-anonymous)
  • New Responsible Procurement policy

Sustainability Plan action

Governance

  • Sustainability governance
  • Responsible procurement
  • Compliance / business ethics 
More detail in Sustainability Plan

Sustainability in Governance

Adoption of a holistic approach which, starting from the assessment of sustainability-related risks and opportunities, enables the sustainable and responsible Group management; monitoring of the evolution of regulations concerning ESG so as to respond promptly to requests from legislators, to mitigate risks and to seize opportunities deriving from regulatory changes; integration of sustainability goals in those of MbO (correlation between management pay and sustainability KPIs).

7

Meetings of the ESG and Area Relations Committee

3months

Committee responsible for ESG and Area Relations

12%

Employees with formally assigned objectives (% of total employees)

What we have done

  • Induction to CoDir 
  • Monthly reports to ESG and Areas Served committee on sustainability-related activities
  • New Responsible Procurement policy
  • Six-monthly climate risk information to Control Committee

Sustainability Plan action

Governance

  • Sustainability in processes of planning and investment
  • Risk management 

People innovation     

Transparency and stakeholder engagement

More detail in Sustainability Plan