Governance

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We are convinced that transparency is the foundation of every sustainable action. For this reason we want to tell you, not only about the targets we have reached, but also the challenges that still lie in store.
We are shaping our governance in order to be able to deal with changes in the future in the way of doing business, which will redefine the structure of future business.

Success stories

BIA (B Impact Assessment)

The starting point of our journey has been the analysis of our environmental and social impact performance, through the international BIA standard developed and promoted by the non-profit organization B Lab.

Sustainability Life Cycle Assessment (SLCA)

We have conducted analyses on some of our more representative products using the SLCA method in order to identify their sustainability profile.

Stakeholder engagement

We set ourselves the goal of creating value for all key players that come into contact with us, starting with customers, moving on to commercial partners, suppliers, our people until reaching the community considered in its widest sense. We have identified specific involvement methods for each category of stakeholder with the objective of guaranteeing that we listen to stakeholders and develop joint projects to create value and promote sustainable development.

Partners with whom we have worked

Nativa

Nativa is a Regenerative Design & Sustainability Innovation Company that, through its research, innovation and strategic consulting activities, accelerates the evolution of companies towards a sustainable and regenerative economic paradigm. It designs models and solutions to incorporate sustainability into the DNA of organizations, in order to improve their business outcomes and create lasting and shared prosperity for the planet, people, and the society.

https://nativalab.com

BIA

The BIA is one of the most comprehensive, robust standards for measuring impacts, used globally, developed by B Lab (a non-profit organization which gave rise to the Benefit – B Corp certification movement and legal status of the Benefit Corporation) that is adopted by more than 150,000 companies throughout the world. The BIA provides useful indications on the economic, social and environmental performance of a company taking into consideration not only the business model, but also five macro areas: governance, people, communities, environment and customers. The measurement of the impact is represented by a total index on a scale of 0 to 200 points. This instrument allows the creation of benchmarks of the company’s position in relation to companies that have already used it and to have an exhaustive guide on the possible areas of improvement and actions to undertake.

https://app.bimpactassessment.net/get-started/bcorporation

The Natural Step

The Natural Step is an international non-profit organization founded in Sweden in 1989 created to accelerate the transition to a truly sustainable global society, the creator of the Framework for Strategic Sustainable Development (FFSD) and the four principles of sustainability which are necessary, sufficient and universal to describe a sustainable future. The Sustainability Life Cycle Assessment (SLCA) is an analysis methodology developed by The Natural Step – Nativa. Based on decades of scientific research, it makes it possible to evaluate the sustainability profile of a product throughout its entire life cycle, in relation to the four principles of sustainability by measuring the systems and mapping the activities planned for reducing them.

https://thenaturalstep.org

Our priorities and our matrix

The top right shows the issues that have greater relevance both for the Group and stakeholders, and represent the areas in which our commitment should be focused in the short and medium term in order to create added value for all our stakeholders.

It should also be stressed that in the definition of material issues there are some aspects which are considered as pre-conditions for operating and are therefore assessed as very significant:

a) Attention to compliance with applicable laws when carrying out one’s activities;
b) Transparent governance system that is effective in supporting administrative management.

Future undertakings

Performance improvement

Our sustainable path is not characterised by having a specific goal, but rather by the continuous search for improvement. This is why we are committed to working in the coming years to progressively improve our performance with respect to people and the environment.

Monitoring and commitment

We intend to do this by following recognised patterns and monitoring advancements over time. In fact, we are committed to reporting on our sustainability performance through the BIA and the use of GRIs for an effective sustainable action plan. We will continue to be characterised by our transparency and accessibility, thanks to which our stakeholders can always be updated about our path on the topic.

Corporate culture

We will continue with our journey of enhancing what we do. We started with the definition of our purpose and we want to continue with the development and internal dissemination of a culture linked to shared values and sustainability.

Stakeholder engagement

We are committed to implementing formal actions and procedures for engaging key stakeholders and to define goals and KPIs that allow us to monitor results.

Integration of ESG goals

We want to continue with the inclusion of ESG goals in our incentive plan for managers and/or professionals.

Path towards the Benefit Corporation

Benefit Corporations are dual-purpose companies that, in addition to the purpose of sharing profits, pursue one or more common-benefit purposes and operate in a responsible, sustainable and transparent way towards people, communities, territories and the environment, cultural and social goods and activities, entities and associations and other stakeholders.
We have decided to embark on a path, together with Nativa Lab, that will lead us to assess the potential acquisition of this status in the coming years.

General skills and professional features of Directors

With regard to professionalism, the Board recommends that an effective balance be ensured between the value of continuity and the need for constant renewal of the Board itself, achieving adequate diversification and complementarity of professional profiles. The outgoing Board of Directors therefore hopes that there will be a broad dissemination of sustainability (ESG) skills and experience on the future Board.

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