Reporting

Our seventh Sustainability Report is a communication tool that describes, in a transparent and structured manner, the economic, social and environmental results achieved, and demonstrates our commitment to sustainable development, with the aim of creating value not only for the Company, but also for our stakeholders.

The Sustainability Report represents the Consolidated Non-Financial Statement of the Fincantieri Group and 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.

In the 2023 Sustainability Report, we also present to the stakeholders our sustainability strategy, which projects the Group towards an innovative, inclusive and increasingly integrity-focused future. This vision is expressed in the Fincantieri Group's 2023-2027 Sustainability Plan, which translates the commitments outlined in the Group’s Charter of Sustainability Commitments, into qualitative and quantitative objectives that can be measured over time.

Through these objectives, the Group is committed to the achievement of the Sustainable Development Goals (SDGs) of the United Nations 2030 Agenda. In particular, 9 SDGs have been recognised by Fincantieri as relevant to its business and in line with its strategic directions.

The Report provides a comprehensive overview of the initiatives that were implemented to achieve the Sustainability Plan objectives with intermediate or final deadline in 2023.

In 2023, we consolidated our alignment with the Task Force on Climate-related Financial Disclosures (TCFD), which provides guidance for Companies on reporting information regarding climate change management. In particular, the chapter "Fincantieri for the climate: TCFD Report" outlines our approach to governance, strategy, risk management, metrics, and targets related to climate change.

As required by Article 8 of EU Regulation 2020/852 – Taxonomy, the Fincantieri Group reported the share of revenues, Capital Expenditure (Capex) and Operating Expenditure (Opex) that qualify as “Taxonomy-Eligible”, i.e., those activities that can contribute to a low-emission economy. We also disclosed the share of indicators related to activities “3.3 Manufacture of low carbon technologies for transport” that contribute to achieving one of the six goals of the Taxonomy “Taxonomy-Aligned”.

An activity is considered ‘Taxonomy-Aligned’ if, in addition to contributing substantially to at least one of the environmental objectives, it complies with the technical screening criteria set by the European Commission, does not cause significant harm (DNSH) to the remaining objectives, and is carried out in compliance with the Minimum Safeguards.

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, completeness, sustainability context, timeliness, and verifiability.

The Report is required to be published annually. This document was approved by the Board of Directors on March 7^th, 2024.

The Sustainability Report has been prepared according to the GRI Sustainability Reporting Standards 2021, of the Global Reporting Initiative (GRI).

The contents reported have been determined based on the materiality analysis, which identified the material aspects, i.e., those issues that reflect the actual and potential, negative and positive impacts of the Company on the economy, the environment and people, including their human rights, that influence substantially stakeholder 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.

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 December 31^st, 2023.