Code of conduct

FINCANTIERI operates according to the principle of fair competition with honesty, integrity, uprightness and goodwill and with the highest degree of respect for the lawful interests of shareholders, employees, customers, commercial and financial partners, as well as those of the states and communities where it develops its activities. In particular, FINCANTIERI proactively promotes Corporate Social Responsibility – interpreted as a social and environmental concern integrated into its business model – by communicating all relative activities in its periodic reports.

All those who work at FINCANTIERI, without any distinction or exception, are committed to observing and guaranteeing the observation of these principles with respect to their own functions and responsibilities. The conviction that one is operating in the interests or to the advantage of the Company may in no way whatsoever justify a conduct in conflict with these principles.
In view of the complexity of the situations in which FINCANTIERI is involved, it is imperative that the values acknowledged, accepted and shared by the Group, as well as all internal and external responsibilities it assumes, be clearly reiterated. It is for this reason that this Code of Conduct (the “Code”) has been drawn up. Its observance by all those working for the Company is of paramount importance for the good operation, reliability and reputation of the Group, assets that are decisive for the success of the enterprise.

The employees of FINCANTIERI, in addition to fulfilling their general duties of loyalty, faithfulness, honesty and compliance with their employment contract in good faith, shall refrain from carrying out activities in competition with those of the Group, shall comply with Company regulations and shall follow the provisions of this Code. The relationships between employees of any level shall be based on clearness, fairness, loyalty and mutual respect.

Managers and all of those working for the Company must have knowledge of this Code, actively contribute to its observance, and report any weakness or evidence of non-compliance.

FINCANTIERI undertakes to promote the awareness of this Code among its employees and encourage their constructive contribution to its contents. Any conduct in conflict with the letter and spirit of this Code shall be punished in accordance with the provisions set forth in this Code. The principles set forth in this Code of Conduct may be supported by specific provisions, regulations or internal procedures aimed at making its application more practical and timely. This Code shall be brought to the knowledge of all those with whom FINCANTIERI entertains business relations.
FINCANTIERI shall supervise the observance of this Code, providing suitable information, prevention and control instruments, as well as ensuring the transparency of the operations and behavior adopted.

The Board of Directors and Company Management shall monitor compliance with this Code of Conduct and its application. They may also forward proposals that integrate or amend its content.


Model 231

The Legislative Decree no. 231 dated June 8, 2001 has introduced administrative liability for legal entities, companies and associations to the Italian legal framework.
The Decree provides for the application of restrictive sanctions against the entity/company whose individuals in senior positions or employees, in performing their activities, have committed certain offences on the entity’s behalf and / or to its advantage.

For FINCANTIERI the introduction of the Decree represented an opportunity to reaffirm in its Code of Conduct those principles of loyalty, faithfulness, and honesty that have always distinguished its modus operandi.

To comply with the requirements of Legislative Decree 231/2001 (art.6 II°c.) “[…] the models must meet the following demands:

  • identify activities where crimes may be committed;
  • establish specific protocols aimed at planning how the Board’s decisions are to be developed and implemented in relation to the crimes to be prevented;
  • identify ways to manage appropriate financial resources to prevent crimes from being committed;
  • establish information obligations as regards the Board responsible for overseeing how the models function and are complied with;
  • introduce an appropriate disciplinary system for issuing sanctions for non-compliance with the measures specified in the model [...].”

Anti-corruption Policy

Statement from the Chief Executive Officer

To all FINCANTIERI Group personnel,
Company bodies and counterparts


The ever-growing geographic area in which FINCANTIERI operates requires paying even closer attention to a global anti-corruption policy. This policy has always been in force via well-defined internally applied procedures and is now expected to define the business expectations in compliance with international anti-corruption best practice and legislation.

The primary purpose of the anti-corruption policy, and of its associated procedures, is to highlight the Group’s commitment to fighting corruption of any kind with a zero tolerance approach. A constant reinforcement in the integrity and transparency of internal behaviors can positively affect the Company’s reputation in all the contexts it operates. To this end, I recommend that all Italian and foreign Companies in the Group adopt procedures in compliance with the above mentioned policy and in respect of their own laws and regulations.

A key factor of FINCANTIERI’s reputation is its capability to develop its business with loyalty, fairness, transparency, honesty and integrity, respecting national and foreign law. For this reason, FINCANTIERI’s aim is to ensure that its activities respect the Code of Conduct’s values and principles, adopted and widely publicized since 2002, in the firm belief that the management of the business should be ethically correct and in respect to the current legislations.

FINCANTIERI has been fighting corruption for many years, with a clear prohibition in its Code of Conduct of “Corrupt practices, illegal favors, collusive conduct, and requests (either direct or through third parties) of personal or career-related advantages for oneself or others (…)”.
These principles are addressed to all Fincantieri personnel and are expressly accepted by all the suppliers in our Purchase Orders and by business partners when signing contracts.

We all have a duty to help maintain a solid reputation of honesty, integrity and fairness for all our Group Companies, by means of general behavior that complies with all the rules and regulations. For this reason, I invite you to follow this policy and its procedures in any situation you may face, whatever your position or your task may be, and to promptly inform the Oversight Board in case of policy and procedure violations of any kind, whether suspected or proven.

I thank you in advance for your dedication to FINCANTIERI and to the principles that have always inspired its work.

Chief Executive Officer FINCANTIERI S.p.A.


Advanced Seminar on Decree 231/01 of –July 24, 2013

The Advanced Seminar involved the top management and senior managers of FINCANTIERI and its main subsidiaries. Speakers were Elisa Scaroina (lawyer in Studio Penalisti Associati and Professor of "Corporate Criminal and Procedure Law” and of “Employment Criminal Law” at the L.U.I.S.S. Guido Carli University) and Corrado Pagano (lawyer in Studio Pagano) who spoke about labor health and safety.

The seminar was introduced by the CEO Giuseppe Bono and the general concepts of Legislative Decree no. 231/2001 were then explained, together with some examples of crimes related to labor health, safety and the environment, as well as to corruption, providing the audience with useful suggestions on how these topics can be applied to the day-to-day working environment.

Whistleblowing Policy

Reporting violations to the Oversight Board

With this whistleblowing policy, any employee or third party can report any problem related to non-compliance with our Code of Conduct, with our Organizational Model or with FINCANTIERI company procedures. The best way to send a report is to include your name, in order to help any verification of the facts and the collection of further information.

Here are some illustrative, although not exhaustive, examples of possible reports:
- conflict of interest cases unknown to the company;
- corruption attempt of a third party towards any employee or of any employee towards a third party;
- fraud;
- inappropriate use of the company assets;
- intentional communication of false information to a Public Administration;
- ……
Any reports of an ambiguous nature, or not detailed, or clearly made in bad faith, or with slanderous and libelous content will not be taken into account.

You can send your report to:



Organismo di Vigilanza
Via Genova 1 – 34121 Trieste

The Company guarantees the utmost confidentiality as far as the source and the information provided are concerned, except when legally required. FINCANTIERI will avoid retaliation of any kind (disciplinary sanctions, downgrading, suspension, lay-off) as well as any discrimination to those Company employees who, in good faith, report events or situations connected to compliance with our Code of Conduct, Organizational Model, Company procedures and legal regulations.


The understanding and promotion of business ethics among Fincantieri is of primary importance, together with full awareness of the pertinent legislation and of the consequences of the implementation of the Organizational, Management and Control Model.
To this end, Fincantieri has adopted a training model to follow its personnel from their hiring through their whole career path, by means of periodic reviews and mandatory training sessions.


The periodic reviews are tailored to every organizational area and help personnel to focus their attention on the issues, the legislation and the relative updates that may affect their daily activities.



Our commitments


Materiality Matrix

Sustainability risks