Governance of the Group CSR

The CSR governance structure has recently been updated, along with some changes in the organisational structure, preserving the transparent allocation of functions and responsibilities and strengthening connections with top management, in order to optimise the processes of evaluation, deliberation and implementation of initiatives and activities, with attention to market benchmarks and prevailing best practices.

The current governance model is shown in the following diagram.

 

Corporate Sustainability and Responsibility Unit: operates within the Communication area and has the task of promoting and coordinating CSR activities and initiatives, including in particular the drafting of the Consolidated Non-Financial Statement (hereinafter also NFS). The Unit also has the task of promoting the dissemination of a corporate culture oriented towards sustainability and encouraging the adoption and dissemination of best practices within the Group.

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 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.

Committee for Corporate Governance and Sustainability: 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.

Board of Directors: responsible for the approval of the NFS. As the supreme body of governance, the Board is also responsible for approving the CSR documents and initiatives which fall within its decision-making scope.

General Manager: responsible for reviewing the NFS before sharing it with the Committee for Corporate Governance and Sustainability and is a point of reference for the activities of the CSR Unit, which regularly updates him on the ongoing and scheduled initiatives.