Documents and Performance

As Fincantieri Group, we are committed to communicating our sustainability efforts to our stakeholders clearly and transparently, through structured reporting that allows us to analyze our performance over time.

We began sharing this commitment in 2017 with the Non-Financial Statement – Sustainability Report, issued annually. Starting from 2024, with the entry into force of the Corporate Sustainability Reporting Directive (CSRD), we prepare the Consolidated Sustainability Statement, drawn up in accordance with Legislative Decree No. 125 of 6 September 2024 and forming an integral part of the Fincantieri Group Management Report.

The Consolidated Sustainability Statement describes the governance and strategy guiding our sustainable actions, as well as how we manage relevant Impacts, Risks, and Opportunities (IRO). We report on adopted policies, stakeholder engagement methods, actions taken, objectives pursued, and metrics used to monitor implementation, presenting the results achieved in social, environmental, and governance (ESG) dimensions. The CSS also allows us to report on the progress of the 2023-2027 Sustainability Plan and the initiatives implemented to achieve Plan objectives with final or interim deadlines in 2024.

The 2024 Consolidated Statement, the first document we have drafted according to the European Sustainability Reporting Standard (ESRS), is structured into four sections:

• General Information: outlines the sustainability governance structure, the internal control system adopted for sustainability reporting, the strategy-setting process and its main features. It also reports on the human rights due diligence process and the procedures and results of double materiality analysis.
• Environmental Information: covers our management of climate change, pollution, water resource management, biodiversity, and resource use. Within the environmental section, as required by Art. 8 of Regulation 852/2020 on Taxonomy, we have also reported the analysis of sustainable economic activities. We disclose the share of revenues, capital expenditures (Capex), and operating expenses (Opex) that are taxonomy-eligible and taxonomy-aligned. For aligned activities, we present the analysis results, illustrating compliance with the substantial contribution criteria, Do No Significant Harm (DNSH), and Minimum Safeguards requirements. In 2024, as in previous years, the aligned share of revenues, Capex, and Opex mainly refers to activity 3.3 "Manufacturing of low-carbon technologies," which supports climate change mitigation and is linked to the production of four naval units designed for low-emission fuels (such as bio-LNG, ammonia, methanol, hydrogen).
• Social Information: analyzes the social dimension from four perspectives: our people, workers in the value chain, affected communities, and customers.
• Governance Information: details the main policies adopted to ensure ethical business conduct. It also describes our commitment as value chain leader in steering the supply chain towards sustainability. Finally, it illustrates the management of reports, supplier selection criteria, and payment practices adopted for suppliers.

Reporting activities are coordinated and managed by our Sustainability team, ensuring methodological consistency and overall quality. The contents for reporting have been defined through double materiality analysis. The reported information complies with the qualitative requirements of the ESRS: relevance, faithful representation, comparability, verifiability, and understandability.

To guarantee the robustness and reliability of the reporting process, we have over time structured and formalized a system with clear responsibility attribution among those involved: from data entry to verification and approval. This system engages all company functions and various levels of the organizational hierarchy.

Additionally, during 2024 we redefined the Internal Control System for Sustainability Reporting to meet the new features introduced by the ESRS and the regulatory requirements of Legislative Decree 125/2024.