Supply Chain

Management and the continuous improvement of a pool of trusted suppliers is essential in order to achieve the goals we have set for ourselves in economic and sustainability terms.
Fincantieri recognises that the supplier base is a significant asset for the entire company, and as such it should be valued and protected.
This is why we have developed a stringent qualification and performance monitoring process for strategic suppliers, based on the evaluation of economic, technical, reputational, social and environmental aspects.
We believe that the selection of innovative and reliable suppliers, willing to build together a common success, starting from a high value-added, commitment and flexibility are the essential requirement for a lasting relationship.

Of the 744 qualified strategic suppliers at the end of 2018, 96% were subject to an evaluation, with the following results:

- 91% satisfactory;
- 8% with some gaps that can be resolved by themselves;
- 1% with serious issues, requiring an improvement plan or replacement.

We have a stringent performance monitoring process for suppliers that allows them to maintain their "qualified" status and manages any critical issues.
To this end, a continuous performance evaluation system has been implemented (in which all the relevant company departments take part) in order to guarantee that the required standards are met over time.

Specific focus is given to issues related to safety and protection at work during both the qualification and the monitoring phases.
These values are essential for the whole Group and are a priority in all company decisions, including those relating to the pool of suppliers.
Evaluation of certain fundamental aspects, such as the technical/professional suitability of the company, the regularity of contributions and remuneration of employees, and the existence of a structure dedicated to safety at work, takes place during both the pre-qualification document collection phase and the quality inspection phase at the supplier's premises, as well as during entry in our shipyards.
Fincantieri makes business integrity and the ethical and reputational aspects that accompany it a constant guideline, operating in a framework of fair competition with honesty and fairness and respecting the legitimate interests of all the actors involved.

On this point, Fincantieri is aware that corporate reputation is a strategic asset that should be valued and protected, also so as not to compromise the trust placed in it by its stakeholders. Therefore, Fincantieri uses a risk intelligence based strategy to ensure that its supply chain leans towards more extensive compliance with regard to anti-money laundering, counter-terrorism, anti-corruption and sanctions at international level.
Furthermore, in order to prevent any possible infiltration of organized crime in the contract award phase, in capital expenditure and in production activities, the Group has established a stronger cooperation with the local competent Prefectures, stipulating Legality and Transparency Protocols, which since 2017 have merged into a National Protocol.
All levels of the supply chain are asked to share this approach and to maintain business relations based on lawfulness, transparency and fairness.
Our goal is to have stable partners who are fully integrated into our vision so that we have a solid and sustainable supply chain at all levels.