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

We have created important control units: the Internal Control, Risks and Sustainability 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, defined in our Strategic Sustainability ambition, including the implementation of Policies on the various ESG aspects, the strengthening of the integration of ESG objectives in the incentive plans of Top management and the realization of a framework for issuing green, social and sustainable bonds.



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.


It supervises, in the first instance, sustainability issues as well as – also through the Director delegated by the Committee itself on ESG, “sustainability and social responsibility” issues- 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.


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.


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.