Reporting

As the Fincantieri Group, we are committed to openly sharing our sustainability journey with our stakeholders, through clear and comprehensive reporting that allows us to track and demonstrate our performance over time.

This commitment was first presented in 2017 with the publication of our Non-Financial Statement – Sustainability Report, which has since been issued on an annual basis.

As of 2024, following the entry into force of the Corporate Sustainability Reporting Directive (CSRD), the Group now prepares a Consolidated Sustainability Statement, in accordance with Legislative Decree No. 125 of 6 September 2024, which formally transposes the CSRD into Italian law. The document forms an integral part of Fincantieri Group’s Management Report.

The statement outlines the governance framework and strategic direction that guide our sustainability efforts, as well as the way in which we manage material Impacts, Risks, and Opportunities (IRO). In this context, we describe the policies adopted, our stakeholder engagement practices, the actions undertaken, the objectives pursued, and the metrics used to monitor progress.

Through this reporting, we disclose the results achieved across the environmental, social, and governance dimensions, providing tangible evidence of our commitment to generating long-term value for the Company and its stakeholders.

In detailing our sustainability strategy—which projects the Group towards a future that is innovative, inclusive, and increasingly grounded in integrity—we report on the progress of Fincantieri Group’s 2023–2027 Sustainability Plan. This plan translates the commitments outlined in our Sustainability Commitments Charter into qualitative and quantitative objectives, which are measurable over time.

Through these objectives, the Group contributes to the achievement of the United Nations 2030 Agenda Sustainable Development Goals (SDGs). In particular, Fincantieri has identified nine SDGs as relevant to its business and aligned with its strategic priorities.

The Sustainability Statement outlines the initiatives implemented to achieve the objectives of the Sustainability Plan with a final or intermediate deadline in 2024.

The 2024 Consolidated Sustainability Statement represents the first document we have drafted in accordance with the European Sustainability Reporting Standards (ESRS).
It is structured in four main sections, consistent with the ESRS framework, and includes the following key information:

• General Information: This section outlines our sustainability governance framework, highlighting the roles of the governance and control bodies and top management, the internal control system adopted for sustainability reporting, and the process of defining our strategy along with its main features. It also covers our human rights due diligence process and the methods and outcomes of the double materiality assessment.

• Environmental Information: We address the integrated approach in managing the impacts, risks, and opportunities related to climate change, pollution, water resources, biodiversity, and use of resources. This section describes the strategies and policies adopted, provides detailed quantitative data (e.g. emissions, energy and water consumption, raw material and waste flows), and presents progress against the environmental targets defined in the Sustainability Plan.

• Social Information: The social dimension is analysed from four perspectives: our People, value chain workers, affected communities, and customers. For each, we report the corporate policies implemented to manage impacts, risks, and opportunities, the main initiatives undertaken in 2024, and the targets achieved within the reporting year. We also provide relevant metrics—especially regarding our People—to track three-year trends in workforce composition and health and safety performance.

• Governance Information: We describe the main policies adopted to ensure ethical business conduct and explain how we fulfil our role as a lead company in steering our value chain toward sustainability. We also detail whistleblowing mechanisms, supplier selection criteria, and practices related to supplier payments.

As required by Article 8 of Regulation (EU) 2020/852 (EU Taxonomy), the Environmental section includes an analysis of sustainable economic activities. We report the proportion of revenue, capital expenditures (CapEx), and operating expenditures (OpEx) that are Taxonomy-Eligible and Taxonomy-Aligned. For aligned activities, we present the results of the assessment, demonstrating compliance with the Substantial Contribution criteria, the Do No Significant Harm (DNSH) principle, and the Minimum Safeguards.

In 2024, consistent with previous years, the aligned share of revenues, CapEx and OpEx mainly refers to activity 3.3 "Manufacture of low-carbon technologies", which contributes to climate change mitigation. This refers to the production of four vessels designed to use low-emission fuels (such as bio-LNG, ammonia, methanol, and hydrogen).

The reporting process is coordinated and managed by our Sustainability team, which ensures methodological consistency and overall quality. The content to be reported are identified through the double materiality assessment, which determines the most significant Impacts we generate on stakeholders, as well as the ESG-related Risks and Opportunities the Group must address.

The information presented complies with the qualitative characteristics required by the ESRS: relevance, faithful representation, comparability, verifiability, and understandability. Data is disclosed with reference to short-, medium- and long-term time horizons.

To ensure a robust and reliable reporting process, over time we have structured and formalised a system assigning clear responsibilities to the various stakeholders involved—from data entry to review and approval. This system engages all environmental functions and organisational levels across the Group.

Additionally, in 2024 we updated our Internal Control System for Sustainability Reporting to align with the new ESRS requirements, and the regulatory obligations introduced by Legislative Decree No. 125/2024.

The Statement is published annually. The 2024 edition was approved by the Board of Directors on 24 March 2025.