Sustainability governance

Fincantieri | Group - Sustainability - Responsible Culture - Sustainability Governance: Two men in formal attire, one wearing a white helmet, walk in a shipyard with a ship under construction, visible scaffolding and industrial equipment; environment of professional inspection or evaluation of the shipbuilding process.
OUR SUSTAINABILITY GOVERNANCE MODEL IS BASED ON A SET OF INTERNAL PROCEDURES AND REGULATORY TOOLS THAT ENSURE THE INVOLVEMENT OF ALL GOVERNING AND SUPERVISORY BODIES, AS WELL AS GROUP TOP MANAGEMENT, IN SUSTAINABILITY MATTERS.
In the initial stages of the sustainability process:
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DIALOGUE WITH STAKEHOLDERS
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IDENTIFICATION OF IMPACTS, RISKS, AND OPPORTUNITIES
In the final stages:
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DEFINITION OF STRATEGIC GUIDELINES
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MONITORING OF TARGETS AND OBJECTIVES
IN ORDER TO ENSURE ADEQUATE MANAGEMENT AND MONITORING OF PROCESSES RELATED TO SUSTAINABILITY ISSUES, OUR SUSTAINABILITY GOVERNANCE MODEL PROVIDES FOR:
Fincantieri | Group - Sustainability - Responsible Culture - Sustainability Governance: Monochromatic organizational chart with English text in geometric shapes, polygons connected with labels such as "Board of Directors" and "Cooperative Council", minimalist design on a black background with white outlines.
Fincantieri | Group - Sustainability - Responsible Culture - Sustainability Governance: Flowchart diagram with organizational hierarchy, white text on black background, octagons connected by lines representing administrative levels; labels "Board of Directors" and other Italian phrases, minimalist monochromatic design.
Board of Directors
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As the central body of Fincantieri’s corporate governance system, the Board of Directors is vested with the broadest powers for the ordinary and extraordinary management of the Company, including the definition of the strategic, organizational and control guidelines of both the Company and the Group.
Sustainability Committee
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The Sustainability Committee, established in 2016 as part of Fincantieri’s Board of Directors, is composed of 4 members and is responsible for supporting, through preparatory, advisory, and propositional activities, the Board’s evaluations and decisions on sustainability matters related to activities and stakeholder interactions. In particular, the Committee supports the Board on issues such as respect for and promotion of human rights, labour rights, environment, transparency, anti-corruption, health and safety in business activities, stakeholder rights, product responsibility and innovation.
Managerial Level
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The Sustainability Function coordinates and oversees sustainability-related processes, supporting the Parent Company’s Departments and Functions in carrying out their ESG-related responsibilities. In particular, the Sustainability Function identifies the Group’s sustainability strategic priorities, manages the double materiality assessment process, and develops the Sustainability Plan, which defines the Group’s ESG targets. It also monitors progress against the commitments undertaken, regularly reporting on their implementation status to the Sustainability Committee.

In addition, the Sustainability Function prepares Sustainability on Board, a voluntary report that provides a comprehensive overview of the Group’s sustainability strategy, policies, objectives, and the initiatives implemented and planned to achieve them.

To support the Sustainability Function in managing ESG issues, a Multifunctional Working Group has been established, comprising representatives from the Parent Company Departments and Functions most closely involved with ESG topics.

The Group Accounting and Administration Function is responsible for the annual preparation of the Consolidated Sustainability Statement in compliance with the Corporate Sustainability Reporting Directive (CSRD) and the European Sustainability Reporting Standards (ESRS).