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The Fincantieri Group is continuing along its path towards sustainable «success» by adopting an integrated strategy that is capable of combining business growth and financial stability with social and environmental sustainability, creating value in the long term. This is why the material topics for the Group have been integrated into the business strategy and the Fincantieri Group's Sustainability Plan has been implemented.
In July 2020, Fincantieri updated the Sustainability Plan, which is Fincantieri's strategic approach to sustainability and, through the Charter of Sustainability Commitments, it breaks down the commitments undertaken by the Group into qualitative and quantitative targets that can be measured over time. It respects the ten principles of the Global Compact and it contributes to the achievement of the Sustainable Development Goals (SDGs) of the UN's 2030 Agenda. In January 2021, it was aligned with the new materiality matrix and the respective commitments.
The update of the Sustainability Plan was influenced in particular by the global health emergency arising from the spread of COVID-19, which has had a strong impact on the Fincantieri Group, radically changing the international economic and social context in which it operates.
At this time of major interruption, sustainability is an essential enabling factor that helps to ensure a high level of resilience and sustainable development for the Group in the medium and long term.
Fincantieri's idea of sustainable and responsible development involves:
- a more widespread dissemination of the sustainability culture;
- promoting a responsible supply chain;
- employee involvement;
- constantly improving health and safety in the workplace;
- support for technological innovation;
- maintaining customer satisfaction and trust levels;
- reducing environmental impacts;
- the fight against climate change.
- continuous dialogue with and support for local communities;
With this integrated strategy, which considers both sustainability issues and business needs, Fincantieri is able to sustainably manage the challenges and opportunities the current and future macroeconomic context bring.
In particular, the Sustainability Plan:
- defines the strategic guidelines linked to the 4 Pillars of the Business Plan (Long term visibility, New horizons and markets, Innovation, Streamlined production);
- confirms the objectives laid out in the Sustainability Plan, approved in 2018, for 2020 and beyond; the timing of some objectives has been revised due to the limitations brought by the COVID-19 pandemic;
- defines new objectives, targets and actions in light of the pandemic.
The Sustainability Plan and its updates are approved by the Board of Directors of Fincantieri S.p.A..
Responsibility for achieving the objectives in the Plan lies with the representatives of the units involved, which dedicate resources, tools and know-how to implement the actions underlying those objectives.
The Plan's objectives are updated on a yearly basis starting with the results achieved and adding the new needs that arise over time. The base year against which the quantitative targets in the Plan are defined is 2017.
PURPOSE OF THE SUSTAINABILITY PLAN
- Contribute to creating value for the Group over the medium and long term, in line with the strategic drivers
- Act as a guideline for implementing corporate commitment, which is expressed through the commitments contained in the Charter of Sustainability Commitments
- Enable the creation of synergies between units and a sustainability culture
- Attribute ownership of the actions to the various company Units, including through the company's variable remuneration system (MBO)
- Address the internal risk drivers identified (Non-Financial Risks in the Group's Risk Model)
- Contribute also to improving the corporate reputation by attracting the best talent and strengthening the Group's visibility
- Define the Group's set of actions to respond to Stakeholders' expectations, in particular those of Investors, Rating Agencies and Shareholders
- Responds to external drivers such as the UN' Sustainable Development Goals (SDGs) and, in particular, those that are relevant for Fincantieri's business and in line with the corporate policy lines on development. Sustainable Development Goals define the priorities for contributing to global development, promoting human well-being and protecting the environment
METHODOLOGY
Horizontal topics
Five of the material topics are defined as horizontal because they involve all the four Pillars and contribute generally to the Group's sustainable growth.
Governance and business integrity
| Commitment | Objectives | Description/ Target | Benefits | Status | Timetable |
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Promotion of the sustainability culture in line with the Group Values, encouraging managers to think in a sustainable manner within their sphere of action |
Gradual assignment of sustainability objectives in the Company's variable remuneration system |
Continue to include sustainability objectives in the assignment process of Italian personnel (over 750 employees) interested in the variable remuneration system
• 2020 - 15% of the staff concerned • 2021 - Comparative analysis of the existing variable remuneration system of foreign subsidiaries with a view to future assignment of sustainability targets |
Raise awareness, assign responsibility and promote focus on the issue of sustainability |
In 2020, 23.2% of MBO Plan recipients received at least one sustainability target, achieving it. In 2021, the percentage increased to more than 25%. In addition, in 2021, a comparative analysis of the variable remuneration system in place in foreign subsidiaries was developed with a view to the future allocation of sustainability targets at Group level. |
2020-2021 |
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Maintenance of the Corporate Governance system and risk management (including sustainability risk) in line with international best practices |
Structure an Emergency Response & Crisis Management process in Safety & Security |
Implement the project which consists of: • Appointment of the Crisis Management Team (CMT) and deputies • Periodic CMT training • Definition of methods for activating and managing the CMT • Virtual Crisis Management Room • Definition of standards for future physical Control Room
Creation of a single CMT through official appointments, training and equipping a Virtual Crisis Room |
Reduce decision-makers' engagement times in relation to recovery measures. Be resilient, and ensure regulatory compliance and reduction of damage to human resources, company property and reputation |
In 2019, a Crisis Management system (abroad) was activated and, insofar, 15 contingency plans have been drawn up and updated for the most important foreign sites and locations where the Company operates. |
2019 |
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Implementation of the International Ship and Port Facility Security Code (ISPS Code) |
Implement the project which consists of: • Updating of the security plans for those sites subject to the ISPS Code • Personnel training • Drills • Adoption of the security process methodology even in those sites where compliance with the regulation is not compulsory
100% Italian sites |
Ensure: • Regulatory compliance • Resilience to criminal and/or terrorist threats • A high level of expertise of personnel with security tasks • Awareness of personnel who access the sites |
In 2021, the implementation of the International Ship and Port Facility Security (ISPS) Code was concluded. The concerned methodology was also adopted by those plants for which the legislation is not mandatory. Moreover, training of Fincantieri employees continued with the provision of an interactive and customized e-learning course aimed at familiarizing them with security issues. |
2021
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Adoption of preventative measures and policies geared towards the prevention of corruption in all spheres of influence |
Obtain ISO 37001 certification |
Obtain ISO 37001 certification, which defines the requirements of the Anti-Corruption Management System, in order to support public and private organizations in combating and preventing corruption and disseminate a culture based on ethics and good conduct
Obtain ISO 37001 certification for Fincantieri S.p.A. |
Improve perception of the Company's and Group's ethical standing |
From 2020, Fincantieri S.p.A. holds an ISO 37001 certification for its anti-bribery management systems. |
2020 |
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Definition of the tax strategy |
Definition of the tax strategy through the preparation of the tax policy containing the Group's principles and commitments with regard to tax compliance |
• Improve the Group’s tax compliance • Greater alignment between the tax strategy and sustainability strategy |
Fincantieri has drawn up the Tax Strategy, approved by the Board of Directors of Fincantieri S.p.A., a document inspired by the principles set forth in the Code of Conduct, which defines the Group’s objectives in relation to tax aspects and sets the guidelines for their concrete implementation. |
2021 |
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Integration of sustainability issues with stakeholders through the promotion of dialogue and listening initiatives with those involved in the Group’s activities |
Implement an external stakeholder engagement program |
Implement a process aimed at developing constant dialogue and direct interaction with the Group's internal and external stakeholders
At least 1 stakeholder engagement meeting / contact each year |
• Identify and understand stakeholders' priorities, expectations and needs in terms of sustainability • Share decisions, actions and performance in sustainability aspects with them (materiality analysis) • Create continuous dialogue in order to identify critical aspects and mitigate risks |
In 2021, the stakeholder engagement activities involved our employees through a specific survey on the issues of diversity and inclusion, our suppliers though a webinar dedicated to sustainability and innovation, as well as participating in the Italian Sustainability Week to dialogue with the financial community on Environmental, Social and Governance (ESG) issues and how they are managed. |
2022 |
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Increasingly sustainable and responsible corporate performance, creating the conditions for development that ensures the needs and expectations of all stakeholders are met |
Preparation of guidelines to assess the opportunity to make investments in accordance with sustainability principles |
Identify the principles to be used in the assessment process of the investment opportunity (e.g. purchase / construction of new plant, machinery and/or equipment, asset disposal) in order to consider both the economic and financial aspects as well as the Environmental, Social and Governance (ESG) issues
Draft guidelines to assess the investments in terms of sustainability for Fincantieri S.p.A. |
• Reduce exposure to ESG risks and seize opportunities to reduce the impacts of not taking into account direct / indirect costs • Generate greater value for the investor and the Company as a whole through a sustainable investment strategy geared towards the medium-long term |
In 2021, a Guideline was issued for Fincantieri S.p.A. to evaluate investments according to sustainability principles. The sustainability assessment will be carried out through the use of a specific score-card that measures more than 20 ESG parameters. |
2021 |
Achieved
Work in progressCyber Security
| Commitments | Objectives | Description/ Target | Benefits | Status | Timetable |
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Guarantee the protection of computer systems and data by minimizing the risk of network breaches, corruption of sensitive data or processes and develop the cyber security strategy for products and services |
Develop a central information technology system and industrial platforms to bolster protection of industrial networks |
Develop a central IT system and industrial platforms to bolster protection in order to: • Expand the perimeter of the technological protection infrastructure in order to counter modern cyber security threats (email security review, anti malware evolution, Sandbox development, upgrade SIEM software development, etc.) • Automate cyber incident detection and management processes • Develop tools, processes and methodologies to support compliance with Regulation (EU) No. 2016/679 (GDPR) and international data protection and security standards (ISO 27001/9001) • Adopt a program to protect the industrial networks supporting ship production (OT/SCADA security)
Fincantieri S.p.A. and Italian subsidiaries (Marine Interiors Cabins, Luxury Interiors Factory, Marine Interiors, Seanergy A Marine Interiors Company, Isotta Fraschini Motori, Cetena, Fincantieri Infrastructure, Seastema) |
• Minimize the risk of data loss • Reduce damage to image • Protect intellectual property • Comply with data protection regulations |
In 2021, all of the projects mentioned in the description/target have been completed with the aim of developing a central information technology system and industrial platforms to bolster protection of industrial networks. |
2021 |
Climate Change
| Commitments | Objectives | Description/ Target | Benefits | Status | Timetable |
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Support for research to improve the analysis and management of risk associated with climate change |
Conduct a climate change scenario analysis in compliance with the principles defined by the Task Force on Climate-related Financial Disclosures (TCFD) |
Identify potential risks and opportunities for the core business related to climate change in accordance with the recommendations, defined by the TCFD of the Financial Stability Board, which help organizations to identify and communicate the information that the financial community needs to properly assess climate-related risks and opportunities. This analysis includes a specific focus on the financial impact that climate change may have on Fincantieri’s performance and business model |
Improve disclosure on: • The organization's governance with regard to managing climate change • Methods for identifying, assessing and managing climate-related risks • The actual and potential impacts of climate risks and opportunities on the organization's activities, strategy and financial planning
Proactive analysis in response to increased requests by investors on issues relating to climate change and the Company's exposure to climate risk |
In 2021 we conducted a climate change scenario analysis in compliance with the principles defined by the TCFD. Two distinct scenarios were identified: a best-case scenario (+1.5°C) and a worst case scenario (+2.4°C). |
2021 |
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Promotion of research projects to develop new solutions for energy savings or reduction of emissions in collaboration with research institutes / universities on issues associated with climate risks |
Activate collaborations with universities / research institutes in order to develop new solutions for energy savings or reduction of greenhouse gas emissions
5 projects completed by 2030, of which: • 1 project by 2022 • 1 project by 2024 • 1 project by 2026 • 1 project by 2028 • 1 project by 2030 |
Increase / maintain product competitiveness, reduce greenhouse gas |
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2030 |
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Reduction of carbon dioxide (CO2) and other pollutant emissions with the aim of contributing to the fight against climate change |
Reduction of greenhouse gas (GHG) emissions associated with electricity consumption |
Reduce greenhouse gas (GHG) emissions associated with electricity consumption (Scope 2)
-50% of GHG emissions compared to 2017 |
Contribute to the fight against climate change |
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2022 |
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Reduction of volatile organic compound (VOC) emissions |
Reduce VOC emissions through plant works and a gradual substitution of the products used with other solvent-free products or ones with a lower solvent content.
- 20% of VOC emissions in relation to production volumes (hours worked) compared to 2017 in Fincantieri S.p.A. |
Improve workplaces and people’s health |
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2022 |
Local communities and relations with the local area
| Commitments | Objectives | Description/ Targe | Benefits | Status | Timetable |
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Dialogue with and support for local communities through social, environmental, cultural and educational initiatives |
Commitment to managing social activities |
Draft a policy that expresses the Company’s commitment with regard to local community initiatives |
Increase transparency and improve management of initiatives |
The Fincantieri Group Policy on initiatives for the Community and Territory has been drawn up and it has been approved by the Board of Directors of Fincantieri S.p.A.. With this Policy, the Group is committed to dialogue and support the local communities and contains the lines of action on which the community support strategy is based. |
2019 |
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Collaboration with governments, national and international associations to adopt policies and strategies to contribute to a healthy, inclusive, resilient and sustainable society for everyone |
Enter into agreements with Food Banks or other associations to redirect food surpluses in canteens at Fincantieri sites |
Enter into agreements with food associations, on the basis of the local requests, with the aim of redirect food surpluses from the canteens at Fincantieri sites
Enter into agreements in the Italian cities where Fincantieri offices with canteens are located |
• Reduce waste • Improve the well-being of those most in need • Improve the Company's reputation |
Fincantieri signed a joint working agreement with the Banco Alimentare (Food Bank) of the Liguria and Marche Regions and with the companies that provide catering services at the canteens in the Muggiano and Ancona shipyards. These initiatives replicate similar experiences already underway at the Sestri Ponente and Riva Trigoso shipyards. |
2020 |
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Promotion of initiatives to protect the sea |
Implement a feasibility study on implementing a Campaign to protect the sea which contains: • Benchmark of already existing initiatives at international level • Creation and design of a Campaign to protect the sea • Definition of the budget, timescales, content and operating methods • Identification of potential partners (e.g. NGOs) • Definition of a related communication plan |
Become a point of reference in the field of environmental sustainability as a promoter of sea protection, a «natural» element of the Group's activities |
In 2020, a feasibility study on the implementation of a Campaign to protect the sea was carried out. Starting from the benchmark of existing campaigns, a long-term project with a strong environmental, cultural and research focus was developed. |
2020 |
Human Rights
| Commitments | Objectives | Description/ Target | Benefits | Status | Timetable |
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Commitment to creating the socio-economic conditions to ensure respect for human rights throughout the value chain |
Conduct annual audits to assess and monitor the most critical suppliers in terms of human rights, health and safety and the environment |
Conduct annual audits at suppliers' premises on behalf of the organization (second party audit) a tool for an informed management of the supply chain
100% of Fincantieri S.p.A.'s priority suppliers (120) by 2023, of which at least 40 per year. |
Ensure that the level of compliance is aligned with Fincantieri's standards and observance of a sustainable supply chain |
In 2021, although we were constrained by the emergency situation, the significant target of 32 sustainability audits was positively achieved, which is very close to the original pre-pandemic target plan of 40 audits per year. As regards coverage of the 120 suppliers of priority interest to Fincantieri S.p.A. defined in the Plan, 73 have been involved to date. |
2023 |
PILLARS AND MATERIAL TOPICS
To each one of the four Pillars of the Business Plan are associated the other ten material topics, to show the direct correlation between the business drivers and the aspects of sustainability that the Group recognises as significant.
Long term visibility: material topics
Development and safeguarding of human resources
| Commitments | Objectives | Description/ Target | Benefits | Status | Timetable |
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Promotion of growth, training and enhancement of human capital |
Include a sustainability module in the Fincantieri Corporate University training programs |
Implement training modules on sustainability, as part of the training given by the Fincantieri Corporate University (Academy, Competency Management, PM for Staff, PM Advanced)
Include 1 module on sustainability per course |
Raise staff awareness of sustainability issues |
The Corporate University’s training programs include a module dedicated to sustainability issues. |
2020 |
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Promoting the hiring of under-35s |
Promote young people’s employment using multiple collaboration channels with Schools and Universities. Promote activities aimed at directing young people’s choices of studies in line with the demands of the employment market (graduate programs)
Keep the percentage of hires of under-35s above 40% of all new hires per year in Italy |
Encourage generational turnover and create the right mix of professional skills within the workforce, developing the required skills |
In 2021, in Italy alone there have been 778 hires, 60% of whom are under the age of 35. |
2022 |
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Constant collaboration and cooperation in an inclusive and international context in order to encourage the exchange of ideas, opinions and experiences and the development of multidisciplinary skills |
Collect proposals and improvement initiatives with regard to sustainability from employees and implement them (FincantieriON project) |
Activate, as part of the FincantieriON project, the implementation of sustainability initiatives proposed by employees with the aim of ensuring the active involvement of personnel
Implement at least 4 of the most innovative ideas of employees in Italy |
Increase the active involvement of employees, contributing to the creation of a cooperative climate, and exploit the innovative benefits arising from implementing winning ideas |
In 2021, feasibility studies were initiated for the four “green” projects selected among over 370 ideas within the FincantieriON project. The winning ideas are the following: the use of ammonia, as a possible alternative for “green” ship propulsion, the installation of photovoltaic panels on the shipyard areas, the use of motion-sensor lights, and generalized relamping interventions. |
2021 |
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Conduct regular climate surveys on employees |
Conduct periodic surveys to update the risk analysis of work-related stress
Over a period of 4 years, analyse the work-related stress risk on 100% of Italian yards and subsidiaries |
Map risk factors and identify possible improvement plans |
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2024 |
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Industrial relations based on dialogue and listening to protect jobs and employment |
Draw up a policy or guidelines for the management of any business restructuring and reorganization |
Draw up a policy or guidelines that strengthen commitment and contain the lines of action that the Company undertakes to implement in the event of company restructuring and reorganization in Italy |
Improve risk management, increase transparency, make Top Management aware of the issue and minimize intervention time |
In 2021 we drew up a Guideline for the management of any business restructuring and reorganization within the framework of a consolidated participatory model based. |
2021 |
To be implementedDiversity and equal opportunity
| Commitments | Objectives | Description/ Targe | Benefits | Status | Timetable |
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Promotion of programs offering equal opportunities to all employees in order to promote diversity and inclusion within the Group |
Commitment to human rights and diversity |
Draft a policy on human rights and diversity which will enable a set of principles and rules to be defined, allowing the Group to improve commitment to these aspects |
• Access new markets and develop employer branding • Protect against risks • Promote equality • Promote salary equality • Ensure national and European compliance |
The Fincantieri Group Policy of Human Rights – Commitment for the respect of human rights and diversity has been drawn up and it has been approved by the Board of Directors of Fincantieri S.p.A., in order to define principles and rules that guide the strategies, activities and initiatives of the entire Group towards respect for human rights and the promotion of diversity and inclusion. |
2019 |
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Develop a training program for facilitators on sustainability issues and in particular on diversity and its promotion in the Company |
Develop a training program for facilitators on sustainability issues and on their promotion in the Company, as part of the Fincantieri for the Future project
At least 40 facilitators out of 70 trained in Italy |
Disseminate widely and naturally new behavior and an open mentality also on sustainability issues |
In 2020, 58 facilitators in Italy took part in a training course aimed at heightening awareness on diversity and equal opportunities, on knowing how to respect, integrate and enhance the diversity and uniqueness of each person and on all those filters with which every individual observes the surrounding reality and on the basis of which assesses, judges, takes decisions and adjusts their behaviour. |
2020 |
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Conduct a gender pay equality survey |
• Conduct a survey on gender pay equality targeted on homogeneous groups by task and performance evaluation • Promote interventions on any misalignments identified
Remunerative survey for Fincantieri S.p.A. |
Optimize business costs and employee benefits |
In 2021, a survey was conducted with the goal of verifying equal pay between genders. The results showed, despite the large numerical disparity between the two genders, substantial pay parity, from a statistical standpoint, between men and women. |
2021 |
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Define an action plan to increase employee awareness of diversity and inclusion |
Define an action plan with training programmes and specific projects on diversity and inclusion
Definition of the action plan for Fincantieri S.p.A. |
• Increase employee awareness of diversity and inclusion • Protect against risks • Access new markets and develop employer branding |
During 2021, a Group Action Plan was established to foster the development of a unique corporate D&I culture. The Action Plan will develop across five categories: gender diversity, parenthood and motherhood, cultural diversity, generational diversity and disability. |
2021 |
Company Welfare
| Commitments | Objectives | Description / Target | Benefits | Status | Timetable |
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Increase the wellbeing of personnel through innovative solutions rather than traditional ones |
Company car pooling project |
Implement a platform to manage company car pooling. Employees will be able to organise home-work commutes autonomously and immediately through a personalised portal or App downloaded to a mobile phone, benefiting from a system of promotions and incentives
2019 Fincantieri S.p.A. 2020 Italian subsidiaries |
Reduce the costs and consumption of fuel for employees as well as emissions associated with home-work commutes |
In 2019, the company digital car pooling service was launched in Fincantieri S.p.A. for which incentives and bonuses were provided. |
2019-2020 |
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Structuring the smart working tool in general and as a support to particular situations |
Enable smart working, where the opportunity / need is identified, also by strengthening the technological infrastructure, and where the specific work activities allow by identifying and implementing organizational areas and professional figures, as well as for pregnant women and new parents (until the child reaches its first birthday) and for special cases (health needs or fragility) or when there are extraordinary events (e.g. COVID-19)
• Identification and implementation of smart-working for the organizational areas and for those professional figures for whom it is applicable, where the system is compatible in Italy • Renewal of individual equipment, upgrading of the technological infrastructure and adaptation of existing core applications in order to allow remote work to be carried out in Italy |
• Ensure greater flexibility in carrying out work • Promote a work-family life balance and increase work hour flexibility for pregnant women and new mothers or employees with particular conditions |
In 2020, in order to reconcile the protection of workers’ health and safety with the need for continuity of production activities during the pandemic emergency, flexible working arrangements have been put in place. In particular, smart working was used in all cases where it was immediately feasible, both in the offices and in the shipyards. It was subsequently decided to implement smart working in the Company in a structural way: therefore, Fincantieri signed a Smart Working agreement with the National Trade Unions. |
2020-2021 |
New horizons and markets: material topics
Customer satisfaction
| Commitments | Objectives | Description/ Target | Benefits | Status | Timetable |
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Listen to needs and expectations in order to maximize customer satisfaction |
Develop and apply methodologies for detecting the level of customer satisfaction. Identify new organizational solutions to strengthen customer loyalty |
Develop a Customer Satisfaction Index (CSI) System that will consists of the following stages:
• 2020 - A CSI development plan • 2021 - CSI measures and calibration • 2021 - An intra-group CSI benchmark • 2022 - CSI objectives for each company |
Monitor trends and act in a specific and targeted way on the areas of client dissatisfaction |
In 2020, the CSI Development Plan was defined. It contains the details, responsibilities and timescales of the activities to be carried out between 2021 and 2023. Monitoring, evaluation and the CSI intra-group benchmark took place in 2021. Based on the results of the first campaign, which showed an average of the Group CSI of 85/100, the index classification system was defined, with a first Group objective level in the medium term of 80/100. |
2020-2022 |
Innovation: material topics
Product quality and safety
| Commitments | Objectives | Description/ Target | Benefits | Status | Timetable |
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Continuous improvement of the quality and safety of products and services in compliance with technical standards, in all phases of the production process to meet the high standards required by the business |
Keep ISO 9001 certifications on the Quality Management Systems and product certifications in line with market expectations |
Keep certifications active and up-to-date in every Italian site. The ISO 9001 standard defines the requirements for the Quality Management System. Keep product certifications in line with sustainability paradigms
100% Italian yards already have ISO 9001 certification |
Ensure observance of the quality requirements of processes in an efficient and integrated way, in line with market expectations |
In 2021, we maintained all our quality certifications. To maintain the ISO 9001 certification, the Group’s divisions and companies were subjected to audits by the Certification Body. |
Annualy |
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Increase the health and safety of the product |
Launch a cross-divisional Research and Innovation project that will lead to the definition of a list of actions that have been tested for feasibility and pre-validated, aimed at reducing the risk of contagion from pathogens on board ship, which can be activated both for new orders and for refittings of existing ships
Definition of the list of actions to be carried out to reduce the health risk on board ship for the Merchant Shipping Division, Naval Shipping Division Mega Yacht Management, Services Division and Marine Interiors |
Increase the level of safety of both passengers and crew on board the ship and ensure that potential passengers comply with the health plan and the relevant regulations |
In order to increase the level of safety of passengers and crew and ensure compliance with the health plan adopted by the cruise lines and the regulations, in 2021 a list of design actions has been defined, which can be activated both for new projects and in the case of refitting of existing ships. |
2021 |
Innovation, research and development
| Commitments | Objectives | Description/ Target | Benefits | Status | Timetable |
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Investments in research and innovation with the aim of developing sustainable, efficient, safe and competitive products and processes with particular reference to the technologies needed to reduce environmental impact and increase their digitalization |
Keep a spending budget in R&D (costs and investments) above € 90 mln/year (of which 60% in clean technologies) |
Keep a spending budget in R&D (costs and investments) for Fincantieri S.p.A. above € 90 mln/year (of which 60% in clean technologies) |
Confirm the Company's commitment through Research and Development investments with specific reference to clean technologies that will contribute to: • Anticipating customer needs and providing state-of-the-art solutions • Bringing climate benefits |
In 2020 the the R&D budget (costs and investments) of Fincantieri S.p.A. was 113 million euros, of which 65% in clean technologies such as scrubbers that purify exhaust fumes of hazardous chemicals and pollutants, selective catalytic reduction systems (SCR) for ships or liquefied natural gas (LNG) propulsion. |
2020 |
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Development of solutions and technologies for the resumption of activities in the subsequent exit stages from the pandemic crisis |
Develop the offer of solutions and technologies related to the resumption of activities in compliance with the indications and measures issued at national and international level to combat and contain the spread of the COVID-19 epidemic in workplaces and in social gathering places
These services will be aimed at providing technical and professional support in the following activities: • «Outdoor» detection tunnel (with related increase in outdoor detection capability) • «Indoor» environmental sanitation mechanisms (through the ionization of circulating air) |
• Mitigate the risk of infection • Ensure business continuity • Maximize competitiveness and efficiency • Ensure legislative compliance
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In 2020, in order to develop an offer of solutions and technologies tied to the recovery of activities in observance of the instructions and measures issued at the national and international levels to combat and reduce the spread of the COVID-19 epidemic at the workplace and in places of social aggregation, Fincantieri NexTech has developed a tunnel for the outdoor measurement of body temperature and environmental sanitation mechanisms through the ionization of indoor air. |
2020 |
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Development of intelligent ships and platforms (smart ships / smart offshore infrastructure) and autonomous ships. Development of innovative solutions for yards (smart yards) |
The objective will be developed through the following activities: • A reference framework for secure interconnection (in terms of cybersecurity) between all the on-board systems to exchange/record data in real time (or near real time) on open formats • On-board systems to support the average level of autonomy (e.g. L4 as defined by LLOYD) • Offshore platforms capable of collecting double the energy of current platforms • Industria 4.0 tool to be adopted at yards to increase productivity by 50% • Tool to access digital assembly instructions and monitor progress of production work in real time on company technical systems • Remotely controlled or unmanned military platforms able to operate in scenarios that are dangerous for operators (e.g. firefighting, detection of contaminated areas, etc.) or able to significantly increase the operational effectiveness of the mission |
• Optimize performance, minimize operating costs and adhering to the highest safety standards • Obtain information on the operating status in order to prepare the best operating scenario, even for critical or emergency situations • Support development of the blue economy |
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2030 |
Environmental impact of products and services
| Commitments | Objectives | Description/ Target | Benefits | Status | Timetable |
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Development of ecologically sustainable products and services with the aim of contributing to a circular and low carbon economy |
Definition of an eco-design system to promote the development of environmentally sustainable ships |
Identify for each project the ecologically sustainable design objectives and ensure that the assumptions, principles and control metrics (KPIs) identified for the construction of an ecologically sustainable product are translated into design choices and acquisition of the plant / machinery that make up the ship product following the internal eco-design procedure. In addition, the initiatives already made available will be updated based on the latest technological developments and those which, while widespread and in use for some time, are no longer innovative will be eliminated Define at least 8 low environmental impact initiatives for the Merchant Shipping Division
Define 10 initiatives, 9 of which are related to CO2 reduction and 1 to containment of noise emitted into water for the Naval Shipping Division |
Increase the number of eco-design initiatives available to designers in order to implement new systems and components with low environmental impact |
In 2020, we have updated the initiatives already made available in line with the latest technological developments and eliminated those which, having become widespread and in common use for some time, are no longer innovative. With reference to the different environmental aspects, we have defined criteria to enhance internally the technological solutions adopted for each ship built. We defined 8 new environmentally friendly initiatives for the Merchant Shipping Division and 10 new initiatives for the Naval Shipping Division. |
2020 |
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Development of maritime ecological dredging services |
Develop the offer of services related to maritime dredging by chartering the vessel Decomar from the company Fincantieri Dragaggi Ecologici S.p.A., with regard to: • Coastal nourishment • Reclamation of industrial sites • Port dredging
The project will consist of the following stages: • 2020 - Functional test of the Decomar • 2022 - Launch of the service |
• Maximise the extraction of available resources and minimise waste in individual dredging areas • Minimise the activity's footprint on the seabed • Minimise the negative environmental impacts of the aggregate extraction process • Mitigate the dredging effects of aggregates on other users of the seabed |
Fincantieri DECO - Fincantieri Dragaggi Ecologici S.p.A. has developed the offer of services related to maritime dredging with the use of an innovative ecological dredging system for the sustainable reclamation of the seabed. In 2020, a testing phase was launched which was completed in 2021. During the second half of the same year, operational dredging activities began at the Port of Ravenna. |
2020-2022 |
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Promote studies and initiatives on the circular economy |
Carry out a study on the circular economy for Fincantieri S.p.A.'s cruise ships in collaboration with a university / research centre in order to: • Analyse the level of maturity of the players in the shipbuilding industry • Identify an analysis methodology • Evaluate and identify the tools needed to implement the logic of the circular economy |
• Monitor and strengthen the Company in «green» markets and with customers with a strong focus on these issues • Objectively measure impacts along the entire value chain and product life cycle in order to make informed and effective decisions to improve environmental performance and/or to communicate this performance to investors • Support management of the brand reputation by improving the company image and relations with institutions and other stakeholders |
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2025 |
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Develop technological solutions that enable energy savings to be increased for ships with the same features (green ships) |
Develop ships with high energy savings from eco-friendly/renewable sources, with reduced environmental impact in terms of emissions into the air, discharges into the sea and noise
Increase ship efficiency by 30%
Eliminate ship emissions in ports and halve navigation emissions |
• Decrease greenhouse gas and other environmental impacts • Maintain competitiveness and product compatibility with the new advanced regulations |
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2030 |
Streamlined production: material topics
Health and safety in the workplace
| Commitments | Objectives | Description/ Target | Benefits | Status | Timetable |
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Continuous improvement of workers’ health and safety conditions |
Obtain ISO 45001 certification |
Move from the current OHSAS 18001 certification to the ISO 45001 standard. ISO 45001 certification defines the requirements of the Health and Safety at Work Management System
100% of Italian yards certified |
Minimize risks, improve levels of health and safety at work, improve the Company's image, reduce insurance premiums and financial guarantees where required |
In 2020, all the Italian sites completed the migration process to the new ISO 45001 standard. |
2020 |
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Optimization of the use of supplier evaluation tools |
Extend the perimeter of suppliers, operating within the operating units of Fincantieri S.p.A., evaluated through score-cards with specific reference to safety and environmental issues
The activity will be divided into the following stages: • 2020 - 100% main contractors • 2021 - 100% contractors with a significant presence (40 man-days/month in the six-month period) • 2022 - Identification of criteria for awarding scores on the degree of health, safety and environmental compliance |
Strengthen the monitoring of the supplier base and greater risk control on safety and environmental issues |
In 2020 perimeter of the suppliers in appraisal was widened, even if due to the COVID-19 pandemic event - which placed the functions tasked with the assessments on the front line - it was impossible to attain the objective of covering 100% of the main contractors. In 2021 the entire base of main contractors and suppliers with derogation contracts with a significant presence within Fincantieri S.p.A. shipyards was evaluated for a total number of 1,012 assessments. |
2020-2022 |
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Promotion of initiatives to engage subcontractors on issues associated with health and safety |
Develop a project («last metre») to engage subcontractors on issues of health and safety management
75% of subcontractors present in Italian yards |
Improve awareness and management of health and safety for subcontractors’ workers |
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2022 |
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Health promotion to disseminate healthy lifestyles |
Develop a project to promote health in the workplace aimed at disseminating healthy lifestyles and preventing illnesses such as obesity, diabetes, strokes, etc.
75% of employees of Fincantieri S.p.A. and Italian subsidiaries |
Reduce absenteeism, increase productivity, reduce turnover, facilitate hiring and promotion of a positive image and one attentive to employees' needs |
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2022 |
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Improvement of health and safety at work performance |
Obtain further improvement in the initiatives aimed at eliminating accidents and protecting the health of workers and the working environment
Reduction of the severity index: •15% of the severity index (no. of days lost due to injury / hours worked x 1,000) compared to 2017 for Fincantieri S.p.A.
Reduction of the frequency index: • 5% of the frequency index (no. of injuries / hours worked x 1,000,000) compared to 2017 for Fincantieri S.p.A. |
Confirm the Company's constant commitment to: • Improving health and safety in the workplace performance • Mitigate the risk of injury to employees |
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2022 |
Sustainable supply chain
| Commitments | Objectives | Description/ Target | Benefits | Status | Timetable |
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Promotion and support of a responsible supply chain that shares our values and is based on long-lasting relationships founded on integrity, transparency and respect |
Code of Ethics for suppliers |
Draft a document containing a set of rules, principles and conduct in terms of sustainable procurement, in compliance with international standards and best practices |
Develop a sustainable supply chain, improve positioning on the market and image. Guarantee coverage of risks associated with sustainability |
Fincantieri has drawn up the Suppliers' Code of Ethics approved by the Board of Directors of Fincantieri S.p.A., a document that defines the values and principles of conduct that suppliers must refer to and adopt in order to pursue a development that integrates competitiveness, environmental sustainability and social responsibility, capable of establishing a long-term partnership based on integrity, honesty and mutual transparency. |
2019 |
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Organise meetings and opportunities for dialogue with suppliers as well as training on sustainability issues |
Send a questionnaire on sustainability issues (and organise meetings) to suppliers identified as priority/strategic
Send the questionnaire to 100% of strategic suppliers |
Increase engagement with suppliers in order to identify best practices and common initiatives on sustainability issues |
During 2019, we organized our first sustainability meeting with the participation of 23 strategic suppliers. Sustainability has steered these meetings, during which topics such as the Sustainability Plan and related objectives were presented, with particular emphasis on those concerning the supply chain. Moreover, in order to increase our partners’ awareness of and involvement in social and environmental issues, a fact-finding questionnaire was sent out in 2019 to a panel of 75 suppliers considered significant, with the aim of studying the actions and the governance model adopted. |
2019 |
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Development of the supplier engagement path through workshops on sustainability issues |
Organize workshops involving a panel of strategic suppliers to share a path of sustainability, training and discussion on ESG issues
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Share and develop common initiatives on sustainability issues. Identify existing best practices with a view to embarking on a shared growth path |
In 2020, a remote workshop on sustainability issues was developed and 54 strategic suppliers participated. |
2020 |
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Implementation of an action plan to promote the dissemination of the Suppliers' Code of Ethics |
Define an action plan to disseminate the Suppliers' Code of Ethics that will follow these stages: 2020: • Launch the request for suppliers' of Fincantieri S.p.A. to adhere to the Suppliers' Code of Ethics • Review of sustainability audit checklists for the implementation of the criteria on compliance with the Suppliers' Code of Ethics 2021: • 1st half: Testing on a sample of 5 suppliers audited using the revised sustainability audit checklists • 2nd half: Monitoring the adoption and verification of compliance with the Code by 100% of audited suppliers
100% active suppliers of Fincantieri S.p.A. |
• Ensure the dissemination of the principles, values and responsibilities of the Company through the acceptance and adoption of the Code • Contribute to the development of a responsible and sustainable supply chain • Ensure Environmental, Social and Governance (ESG) risk coverage |
In 2020, the phases of requesting Fincantieri S.p.A.’s suppliers to comply with the document and of revising of the sustainability audit checklists forthe implementation of the relevant criteria. In 2021, a pilot test n a sample of 5 audited suppliers was carried out though a sustainability checklist and the monitoring and verification of the adoption of compliance with the document of 100% of suppliers of Fincantieri S.p.A. considered strategic and subject to audits during the year. |
2020-2021 |
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Launch of the Sustainable Supply Chain project |
Launch a Sustainable Supply Chain project in order to integrate sustainability criteria into the supply chain and ensure adequate risk management
The activity will be divided into the following stages: • Evaluation of processes based on ESG criteria within the quality and supplier management systems • Comparison with market benchmarks • Identification and mapping of ESG risks in the supply chain • Development of a system to collect information and mapping of ESG certifications • Definition of supplier monitoring KPIs, also according to a sustainability logic • Identification of areas of action and preparation of the improvement plan
100% of strategic suppliers registered in the Supplier Register of Fincantieri S.p.A. |
• Identify and manage ESG risks in the supply chain • Monitor any critical aspects of the supply chain through specific KPIs • Mitigate the reputational risk associated with supply chain management • Increase the supplier base's level of knowledge regarding to sustainability issues |
A Sustainable Supply Chain project was launched with the aim of integrating sustainability criteria into the supply chain and ensuring an adequate risk control. During 2021, activities of analysis of the Environment, Social and Governance (ESG) criteria were carried out within the context of the quality and supplier management system, furthering the analysis through a market benchmark, collection of ESG information and certifications, risk analysis, definition of KPIs for monitoring and of an action plan. |
2021 |
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Deliver a training course on sustainability and responsible procurement principles to employees who interact directly with suppliers |
Develop an e-learning training module on sustainable procurement for employees who interact directly with suppliers in Italy
100% of Italian buyers |
Raise awareness and train staff on sustainability issues in order to improve relations with suppliers on these specific topics |
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2022 |
Environmental management
| Commitments | Objectives | Description/ Target | Benefits | Status | Timetable |
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Implementation of projects to improve energy efficiency and conserve natural resources, protect biodiversity and reduce environmental impact to prevent soil, air and water pollution |
Increase the portion of electricity from renewable sources |
Purchase electricity produced by certified renewable sources
100% electricity purchased in Italy and Romania |
Reduce CO2 emissions and gain benefits for the Company image with competitive advantage on the market |
In 2020 100% of the electricity needed to satisfy the demand of Italian production sites and companies, and that of the Romanian yards, was purchased and sourced from renewable sources (hydroelectric, wind, photovoltaic) certified with Guarantees of Origin (GO). |
2020 |
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Obtain ISO 50001 certification |
Obtain ISO 50001 certification which defines the requirements for an efficient management of direct electricity consumption
Obtain ISO 50001 certification for the Italian yards |
Make rational use of energy sources, achieving specific reduction targets. Increase transparency and ease of communication regarding management of energy sources, improving image and compliance with Legislative Decree 102/2014 |
Due to the issues caused by the COVID-19 pandemic, the objective of the Energy Management System certification according to the ISO 50001 standard has been rescheduled. In the yards of Monfalcone, Sestri Ponente, Marghera, Palermo and Ancona is already started the iter for the attainment of the certification within the year. The activities will then be implemented at the remaining sites. |
2021 |
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Consolidation of the proportion of waste sent for recovery and decrease in the total quantity of hazardous waste compared to total waste |
Consolidate the share of waste to be recycled and reduce the weight of hazardous waste on total waste
• 2020 - Consolidation of the share of waste to be recycled between 80% and 90% in Italy • 2022 - 5% reduction of hazardous waste on total waste compared to 2017 in Italy |
Reduce the impacts of its activities on the environment |
In 2020 in Italy, we consolidated the portion of waste sent for recovery (86%) of total waste produced, while in 2021 the amount increased to 88%. This result has been achieved through the implementation of targeted policies, using an extensive recycling collection of processing residues. |
2020-2022 |
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Focus on the type of water withdrawal and its impact in the value chain |
Launch a multi-year study for Fincantieri S.p.A., developing the following stages:
• 2020 - Assess water stress areas using the Water Risk Atlas software • 2022 - Define water consumption in the most sensitive areas • 2023 - Definition of targets and possible improvement actions |
The analysis may be functional to integration as regards environmental certification (e.g. ISO 14001) and consolidates the Company's commitment to combat waste and preserve natural resources in line with the provisions of the Group's Policy on Environmental and Occupational Health and Safety Management |
Since, following the assessment carried out in 2020 using the Aqueduct Water Risk Atlas software, the Ancona, Castellammare di Stabia and Palermo shipyards were found to be in water stress areas, specific plans were defined in 2021 to monitor withdrawals and the main uses of water, including the installation of new flow meters, with the aim of identifying and minimizing wastage. |
2020-2023 |
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Increase employee awareness of environmental impact and promote virtuous behavior |
Launch the sustainable office project (10 rules) |
Launch an initiative promoting protection of natural resources within the Group, clearly defining a set of rules.
100% employees in Italy |
Promote the protection of natural resources within the Group and reducing related costs |
Fincantieri For The Green Future communication campaign has been launched aimed at creating greater awareness and sensitivity on environmental issues and encouraging all employees to make a tangible contribution to safeguarding the environment. The campaign was launched by distributing a brochure to all employees that illustrates the virtuous behavior to be adopted in everyday life, both in the workplace and at home, and with the symbolic distribution of a gadget (an aluminium water bottle to encourage people to reduce their plastic consumption). |
2019 |
Related Topics
Sustainability Governance
Our governance model
Materiality Matrix
Our committments
Sustainability risks
Stakeholders
We support Global Compact
Memberships and participation in associations
Our security system
Our performance
Reporting
Presentations