Sustainability Governance

We integrate Sustainability in the Group’s business model through an effective Governance system.

We have created important control units: the Internal Control and Risks Committee at board level, the ESG Committee at executive level and the new corporate Sustainability structure. They work together to stimulate and improve sustainability activities.

 

BOARD OF DIRECTORS

The Group’s sustainability is monitored by the Board of Directors which defines the management and coordination policies regarding non-financial disclosure, the socio-environmental policies and approves annually the Consolidated non-financial statement and the associated materiality analysis.

INTERNAL CONTROL AND RISKS COMMITTEE

It supervises, in the first instance, sustainability issues as well as – also through the Director in charge of ESG issues by the Committee itself, regarding matters of “sustainability and social responsibility” – the activities connected with the drafting of the Consolidated non-financial statement. The Committee also provides a preliminary opinion to the Board of Directors on said document.

ESG MANAGERIAL COMMITTEE

Established by the Board of Directors, the Environmental, Social and Governance (ESG) Managerial Committee is chaired by the Chief Executive Officer and counts two Joint General Managers among its permanent members.
Its main tasks include evaluating the Group’s positioning and coordinating all the activities required to achieve the strategic sustainability objectives.

SUSTAINABILITY STRUCTURE

It assists the ESG Committee and oversees the definition of the relevant themes and the monitoring of sustainability indicators. It also evaluates the sustainability impacts stemming from the Group’s initiatives and provides support to the corporate structures. It drafts the Consolidated non-financial statement and promotes sharing of the ESG culture within and outside the Group.

Guidelines and regulations

In order to operate with transparency, we publish the guidelines that we align with in our business.
These guidelines are in accordance with the principles set out in the Code of Ethics, which is the cornerstone of our governance system.