We launched and have since consolidated over time a process called materiality analysis, aimed at identifying material topics for sustainability, namely those topics that are relevant from an economic, social and environmental point of view for Fincantieri and its stakeholders. We use the results of the analysis to define the Group’s commitments, the objectives of the Sustainability Plan and the reporting of the Sustainability Report.
The assessment of the topics importance is based on the significance of:
- their impact on the organization (economic, social and environmental impact);
- their level of influence on the stakeholders' decisions.
In 2020, aware of how much the health emergency has altered the international economic and social context in which we operate, we decided to update our materiality matrix. Through an in-house analysis and a market benchmark, we updated the most significant sustainability topics and, through a special on line survey, Sustainability survey, we analysed both perception of the topics from the Company's perspective (Top Management and Board of Directors) and perception from the stakeholders' perspective by involving more than 7,000 people from amongst employees, customers, suppliers and partners, the financial community and other stakeholders.
Both internally and externally the topics were evaluated on a scale of 1-10, where 10 is "highly significant". Stakeholders were also asked to vote the three topics sustaining the biggest impact of the pandemic.
A materiality threshold was defined (corresponding to 6.5), beyond which an issue must be accounted for.
Joint consideration of internal and external significance led to the identification of the material topics, to their prioritisation and to the definition of the 2020 materiality matrix.
The materiality matrix is reviewed annually in accordance with the Standards of the Global Reporting Initiative and approved by the Board of Directors.