The Consolidated Non-Financial Statement of the Fincantieri Group (hereafter also Sustainability Report), now on its second edition, is a communication tool that describes, in a transparent and structured manner, the economic, social and environmental results achieved, and demonstrates the Group's commitment to sustainable development, with the aim of creating value not only for itself, but also for its stakeholders.
The Sustainability Report reports, to the extent necessary to ensure an understanding of the activities of the company, its progress, its results and its impact, in relation to the areas considered important and required by Legislative Decree 254/2016, on the "disclosure of non-financial and diversity information by certain large undertakings and groups".
As required by the Decree this document is a distinct report with the appropriate wording to identify it as the Consolidated Non-Financial Statement (NFS).
In the Sustainability Report 2018 we also present to the stakeholders our Sustainability Plan, approved by the Board of Directors, which highlights and strengthens the intention to be a responsible Group. The Plan addresses the commitments undertaken by the Group and breaks them down into qualitative and quantitative targets that can be measured over time, which also underline our support for some of the United Nations Sustainable Development Goals.
The process of collecting data and information and drafting the Report is coordinated and managed by the Sustainability Unit, in cooperation with the multifunctional Working Group. The Report’s contents have been defined according to the principles of accuracy, balance, clarity, comparability, reliability and timeliness.
The Report has been prepared in accordance with a specific internal procedure that defines the roles, responsibilities and operating methods that the Parent Company’s and subsidiaries’ staff must follow, in order to guarantee the proper management of all the data required to prepare the document.
The reporting process is based on the current information systems used by the main company units are have been integrated using specific data collection sheets and supported by operating manuals in which the methods for collecting the indicators have been defined. The data were processed and validated by the various function managers.
The Report is required to be published annually.
This document was approved by the Board of Directors on 25 February 2019.
The Sustainability Report has been prepared according to the GRI Sustainability Reporting Standards, issued in 2016 by GRI (Global Reporting Initiative), according to “in accordance core” option.
The contents reported have been included on the basis of the materiality analysis (Materiality Matrix), which allowed the material aspects to be identified, i.e. those which reflect the significant impacts for the organization from an economic, environmental and social viewpoint, and which substantially influence the stakeholders' assessments and decisions.
For each theme evidence is given on its materiality in relation to the Group activities, the risks connected, the Company’s policies and commitments and the results obtained and monitored using ad hoc indicators capable of representing the results in terms of management.
DATA AND INFORMATION
The reporting boundary of the data presented in the Report relates to the Companies fully consolidated in the consolidation area used for the consolidated financial statements. Where this is unavailable, it refers to the scope specified.
The information and data mainly refer to the year that ended on 31 December 2018.