Governance of the Group CSR

A little more than a year from the establishment of the CSR and Observatories Unit, reporting directly to the Communication and Institutional Relationships Department, the governance of the Group CSR has developed rapidly, through the establishment of internal bodies, involved in different ways in the decision-making and operational processes, with a special focus on combining the peculiar requirements of the Company and the efficiency of the organisational model, also by drawing inspiration from certain successful best practices.

In this context, a special care has been placed on the development of a culture of widespread sustainability within the company and embedded in the acts of the key roles of corporate governance.



The current structure of the governance of the Group CSR, shown in the diagram above, is divided very briefly around some main players:

Communication and Institutional Relationships Department: performs the role of overall management and coordination - through the CSR and Observatories Unit - of the Group CSR activities, with the preparation and drafting work of the DNF (Non-Financial Statement) is a central task. It promotes a corporate culture focused on sustainability, encourages the adoption of best practices and pursues a path of constant improvement.

CSR inter-functional team: under the leadership of the CSR and Observatories Unit, it connects the Department and the individual subjects responsible for data and information (data owner), who are part of the corporate units involved, ensuring the prompt and efficient transmission of the qualitative and quantitative data necessary for the preparation of the DNF.
Established in 2018, it is one of the first steps towards a shared and widespread governance of the CSR.

Committee for Corporate Governance and Sustainability: it is the internal Board committee in charge - inter alia - of the responsibility on sustainability. It has proactive, advisory and guidance functions regarding the strategy, the policies and the activities of the Group’s Corporate Social Responsibility. The Committee assumed this role in late 2018, as a proof of the new sensitivity of the corporate governance bodies regarding the sustainability subjects.

Board of Directors: the body approves the Non-Financial Statement, by the same deadlines anticipated for the presentation of the financial statements and makes the document available to the Independent Auditor and the Board of Statutory Auditors. As supreme body of corporate governance, the Board is also responsible for approving the CSR documents and initiatives which fall within its decisionmaking scope (for example, the Sustainability Policy).

Managing Director: he is responsible for reviewing the DNF before sharing it with the Committee for Corporate Governance and Sustainability and is a constant point of reference for the activities of the Unit, which regularly updates him on the ongoing and scheduled initiatives.