Governance of the Group CSR

Sustainability governance in Cattolica has the main objective of ensuring a transparent allocation of functions and responsibilities among its components and strengthening the links with top management to harmonise the phases of evaluation, resolution and implementation of initiatives and projects. Only strong and effective governance can allow sustainability to have that strategic and long-term connotation that is typical of its essence.

The current governance model is shown in the following diagram.

 

Board of Directors: represents the top management of CSR and strategic planning: approves the NFS, the Sustainability Policies and all acts and initiatives that fall within its decisionmaking scope.

Chief Executive Officer: responsible for reviewing the NFS before it is presented to the Corporate Governance and Sustainability Committee and is a point of reference for the activities of the CSR Unit, which regularly updates him on the ongoing and scheduled initiatives.

Corporate Governance and Sustainability Committee: the internal Board committee in charge - inter alia - of sustainability and corporate responsibility. It has proactive, advisory and guidance functions regarding the strategy, the policies and the activities of the Cattolica Group’s corporate sustainability.

CSR - Corporate Sustainability and Responsibility Unit: reporting directly to the Communication Department, it has the task of developing and coordinating sustainability projects and activities for the Group and is responsible for the design and drafting of the NFS. The Unit’s objective is lastly to promote and disseminate a corporate culture oriented towards sustainability within the organisation.

CSR inter-functional team: under the leadership of the CSR Unit, it connects the same Unit and the individual subjects responsible for data and information (data owners), who are part of the multiple corporate units and areas involved, ensuring the prompt and efficient transmission of the qualitative and quantitative data necessary for the preparation of the NFS. The Team is a key hub for shared and widespread sustainability governance.