2023-2025 ESG Plan

Combining value creation and sustainability

In 2022, the Group approved the plan “ESG Journey 2023-2025”.
The actions envisaged for the 2023-2024 two-year period intend to incorporate fundamental ESG principles in the strategy, while subsequent actions aim to support the achievement of the 2030 and 2050 decarbonisation goals.

Below are the various actions envisaged by the 2023-2025 ESG Plan, divided by area.

Action

KPI

Timing

Target

Reference SDG

E.1 Carbon neutrality strategy

-

2023

 Strategy definition

71113

E.2 Group carbon intensity reduction

tCO2eq/€

2025

-30% 
From 0.0404 in 2021 
to 0.028 in 2025

71113

E.3 Increase the percentage of renewable electricity used in relation to Group total energy needs

% of Group total energy consumption (GJ)

2025

 From 3% to 25% of energy consumption

713

E.4-5 Pilot project in the circular economy field

Applicability analysis of project extension to other legal entities

-

2023

2025

xxx

Pilot project conclusion
Extension definition

691213

E. 6 Implementation of a continuous water withdrawal/discharge monitoring system at Group plants

-

2025

Monitoring system implementation

61213

E.7 Definition of Group guidelines for eco-design of products

-

2024

xxx

Group guidelines definition

691213

 

Action

KPI

Timing

Target

Reference SDG

S.1 Maintenance of 2022-24 average employee injury rate below average for last 3 years

Injury rate1

2024

xxxAverage 2019-21: 2.2
Average 2022-2024: 1.8

38

S.2 ISO 45001 extension to the Group's production companies

% Group turnover

2027

From 22% to 45%

38

S.3 Increase of average per capita hours of non-compulsory training at Group level

Average non-compulsory training hours per employee

2025

Increase of about 35%

48
 

S.4 Development of a Group global mobility program

-

2025

xxxProgram launch

48

S.5-6 Draft of supplier rating model applying environmental and social criteria (pilot project)
Model extension at Group level

-

2023
2025

xxxPilot project conclusion
Extension to 100% of Italian manufacturing entities

111214

S.7 Working environment assessment to promote diversity & inclusion principles (pilot project)

-

2025

Pilot project conclusion

5

1 Please note that the definition of “average injury rate” as at the date the ESG Plan 2023-25 was drawn up is on the basis of a multiplier of 200,000 - (total no. of employee injuries > 1 day / total hours worked) x 200,000 – whereas the EU Regulation forming the basis of the criteria to draw up the CSRD provides for a multiplier of 1,000,000. Please also note the difference between the scope of the Group Companies included in the Plan and those included for the purposes of drawing up the CSRD. The injury rate provided herein therefore differs from the rate provided in the 2024 CSRD for several reasons, both from a Company scope perspective and in terms of the multiplier.

Action

KPI

Timing

Target

Reference SDG

G.1 Establishment of Sustainability Committee and adoption of relevant regulations

-

1H 2023

 Establishment of Sustainability Committee

816

G.2 Code of Ethics revision to adopt ESG principles

-

1H 2023

 Code of Ethics revision

123456789
1011121314151617

G.3 Succession plan formalization

-

2023

 Succession plan formalization

58

G.4 Consolidation of tax compliance in line with tax best practices

-

2024

xxxTax compliance model consolidation and best practice alignment

1617

G.5 Annual update of information required GRI 207-4 on Country-by- Country Reporting

-

Annual

xxxCountry-by-Country Reporting

1617

G.6 ESG Journey 
communication plan

-

Annual

xxxCommunication plan

91316