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 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 10 principles of the Global Compact and it contributes to the achievement of the Sustainable Development Goals (SDGs) of the UN's 2030 Agenda.

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;
  • continuous dialogue with and support for local communities;
  • reducing environmental impacts;
  • the fight against climate change.

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

Six 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

Promotion of the sustainability culture in line with the Group Values, encouraging managers to think in a sustainable manner within their business area

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-progress Work in progress

2020-2021

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

 Achieved

 

A Crisis Management system (abroad) has been activated, 12 contingency plans have been drawn up and updated for the most important foreign sites and locations where the Company is present. The plans are managed by special crisis committees (CMTs).

2019

 

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

 Work in progress

 

A project to implement the ISPS Code has been launched, in order to adopt a methodology in line with the above-mentioned international best practices, to protect our assets as well as its ship product, also for the Ancona, Castellammare di Stabia, Genoa Sestri Ponente, Riva Trigoso shipyards and for the Trieste, Rome and Genoa offices.

2021

 

Respect for the law and 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

Work in progress Work in progress

2020

 

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

to-be-implemented To be implemented

2021

Integration of sustainability topics in dialogue with stakeholders (timeliness, accuracy and exhaustive flow of information to stakeholders)

Implement an external stakeholder engagement programme

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-progress Work in progress

 

In 2019, we involved our employees, customers, suppliers and partners, the financial community and other stakeholders in helping us understand where we can and should make the most impact, in an initial path of engagement that we are committed to developing over time. We have identified, together with them, the material issues considered relevant for both the Company and its stakeholders.

2022

Cyber Security

Commitments Objectives Description/ Target Benefits Status                      Timetable

Guarantee protection of the computer systems and data by minimizing the risks of network breaches and corruption of data or sensitive 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.)

Develop a central information technology system and industrial platforms to bolster protection of industrial networks

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

 Work in progress

2021

Economic and financial sustainability

Commitments Objectives Description/ Target Benefits Status Timetable

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 

to-be-implemented To be implemented

2021

Climate Change

Commitments Objectives Description/ Target Benefits Status Timetable

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

to-be-implemented To be implemented

2021

 

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

 Work in progress

2030

Relations with local communities

Commitments Objectives Description/ Targe Benefits Status Timetable

Dialogue with and support for local communities through social, 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

 Achieved

 

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

 

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

to-be-implemented To be implemented

2020

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

 Work in progress

 

 

In 2019 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. Further agreements will be concluded during 2020, where locally compatible.

2020

Human Rights

Commitments Objectives Description/ Target Benefits Status Timetable

Respect for human rights through the adoption of policies and creation of programmes to promote diversity and inclusion within the Group

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.
The number of audits to be conducted in 2020 will be strictly linked to the emergency situation due to the COVID-19 pandemic

Ensure that the level of compliance is aligned with Fincantieri's standards and observance of a sustainable supply chain

in-progress Work in progress

2023

PILLARS AND MATERIAL TOPICS

To each one of the four Pillars of the Business Plan are associated the other eleven 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

Protection of employment and industrial relationships

Commitments Objectives Description/ Target Benefits Status Timetable

Employment and job protection to promote economic and financial sustainability

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

t-be-implemented To be implemented

2021

 

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 programmes)

 

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-progress Work in progress

 

In 2019 in Italy, 787 people were hired, of whom 62% are under 35.

 

2022

Training and education

Commitments Objectives Description/ Target Benefits Status Timetable

Promotion of growth, training and enhancement of human capital

Include a sustainability module in the Fincantieri Corporate University training programmes

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

achieved Achieved

 

As part of the Corporate University’s training programmes, we have introduced a module dedicated to sustainability issues. In 2019, 131 employees were trained on these issues.

2020

 

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-progress Work in progress

2021

 

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

to-be-implemented To be implemented

2024

Diversity and equal opportunity

Commitments Objectives Description/ Targe Benefits Status Timetable

Promotion of programmes 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

 Achieved

 

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

 

Develop a training programme for facilitators on sustainability issues and in particular on diversity and its promotion in the Company

Develop a training programme 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-progress Work in progress

2020

 

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

 

Pay survey for Fincantieri S.p.A.

Optimize business costs and employee benefits

to-be-implemented To be implemented

2021

 

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 

to-be-implemented To be implemented

2021

Company Welfare

Commitments Objectives Description / Target Benefits Status Timetable

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

 Achieved

 

2019 was the year of the launch of the company digital car pooling service in Fincantieri S.p.A., where was provided for incentives and the recognition of bonuses.

2019-2020

 

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-progress Work in progress

 

In 2019 we continued to test smart working for particular personal situations. This tool was extended as much as possible during the COVID-19 emergency.

2020-2021

New horizons and markets: material topics

Customer satisfaction

Commitments Objectives Description/ Target Benefits Status Timetable

Listen to demands 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

 Work in progress

 

In 2019, the internal procedure was defined and tested on two orders, one from the Cruise Ship Division and one from the Naval Shipping Division.

2020-2022

Innovation: material topics

Product quality, compliance with technical standards

Commitments Objectives Description/ Target Benefits Status Timetable

Continuous improvement of quality and respect for 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

 Achieved

 

 

We maintained all our quality certifications in 2019. To maintain the ISO 9001:2015 certification, the Group's divisions and companies were subjected to official audits by the certification body.

Annualy

Innovation, research and development

Commitments Objectives Description/ Target Benefits Status Timetable

Investments in research and innovation with the aim of developing sustainable, efficient, safe and competitive products and processes

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) 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

 Work in progress

2020

 

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

 

 Work in progress

2020

 

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

 Work in progress

2021

 

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

 Work in progress

2030

Environmental impact of products and services

Commitments Objectives Description/ Target Benefits Status Timetable

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

 Work in progress

2020

 

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

to-be-implemented To be implemented

2020-2022

 

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

to-be-implemented To be implemented

2025

 

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

Work in progress

2030

Streamlined production: material topics

Health and safety in the workplace

Commitments Objectives Description/ Target Benefits Status Timetable

Continuous improvement of the health and safety conditions of workers

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

 Work in progress

 

In 2019, eight Italian sites completed the migration process to the new ISO 45001 standard.

2020

 

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

 Work in progress

2020-2022

 

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

 Work in progress

2022

 

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

 Work in progress

2022

 

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 

 Work in progress

2022

Procurement activities

Commitments Objectives Description/ Target Benefits Status Timetable

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

 Achieved

 

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

 

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

 Achieved

 

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

 

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


At least 40 suppliers out of 200 considered strategic in terms of presence in the Supplier Register and turnover developed with Fincantieri S.p.A.

Share and develop common initiatives on sustainability issues. Identify existing best practices with a view to embarking on a shared growth path

in-progress Work in progress

2020

 

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

to-be-implemented To be implemented

2020-2021

 

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 

to-be-implemented To be implemented

2021

 

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

to-be-implemented To be implemented

2022

Environmental management

Commitments Objectives Description/ Target Benefits Status Timetable

Action to raise energy efficiency and reduce carbon dioxide (CO2) and other pollutant emissions

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 (most sustainability ratings require objectives to reduce GHG emissions)

 Work in progress

 

In 2019 GHG emissions from Scope 2 were reduced by 29.4% compared to 2018 and by 32.9% compared to 2017.

2022

 

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 

to-be-implemented To be implemented 

2022

Conservation of natural resources, biodiversity, and reduction of environmental impact

Increase the portion of electricity from renewable sources

Purchase electricity produced by certified renewable sources

 

100% electricity purchased in Italy and Romania

Reduce GHG emissions with benefits for the Company image and competitive advantage on the market

 Work in progress

 

In 2019, about 50% of the electricity needed to satisfy the demand of Italian production sites and companies was purchased and sourced from renewable sources (hydroelectric, wind, photovoltaic) certified with Guarantees of Origin (GO).

2020

 

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

 Work in progress

 

A gap analysis was carried out in 2019 with the aim of assessing the current energy management system against the requirements of the standard and consequently identifying the activities needed in order to obtain certification. The activity involved representatives of the main organizational units concerned with the certification process, who will subsequently play an active role in maintaining it. The process of identifying and formalizing specific working groups (Energy Team) has also been initiated and more than 50 people throughout the Company are expected to be involved.

2021

 

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

to-be-implemented To be implemented

2020-2022

 

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

to-be-implemented To be implemented

2020-2023

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.
The initiative also includes the digitalization of company documents

 

100% employees in Italy

Promote the protection of natural resources within the Group and reducing related costs

 

achieved Achieved 

 

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

Business Ethics