Sustainability is not just an opportunity but for us it is a genuine mission to represent a model of excellence in the world, by adopting a pervasive approach to business that is able to respond to the challenges of a globalised world and is increasingly sensitive to the impacts generated by industrial processes on society and the environment.


We have decided to structure our sustainability path 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 we have integrated the topics that are significant (material) for the Group into the business strategy.

The Sustainability Plan is Fincantieri's strategic approach to sustainability and it addresses some global challenges (the UN's Sustainability Development Goals - SDGs). The Charter of Sustainability Commitments details the commitments undertaken by the Group and breaks them down into qualitative and quantitative targets that can be measured over time.


With this integrated strategy (Sustainability Plan and Business Plan) we are able to manage its response to the market challenges of today and tomorrow in a sustainable way.

The Sustainability Plan, approved by the Board of Directors of FINCANTIERI S.p.A., comprises:

16

material topics

23

sustainability commitments

31

objectives to be achieved in the short, medium and long term

The 16 material topics for Sustainability are linked to the 4 Pillars of the Business Plan (Long term visibility, New horizons and markets, Innovation, Streamlined production). In particular:

 

  • 5 material topics are horizontal in that they involve all 4 Pillars and contribute generally to the Group's growth
  • the other 11 material topics are associated with one of the 4 Pillars and show a clear correlation between the business drivers and those aspects of sustainability that the Company recognises as significant
  • the objectives contribute in particular to the achievement of the 6 SDGs that we have recognised as significant for our business and in line with our strategic direction

 

To ensure that the Sustainability Plan objectives are achieved, we have created a special Governance structure, which consists of:

 

  • the Sustainability Committee, established in 2016 with the role of supervising the overall management of sustainability in the Company and providing a strategic direction to the Plan in line with the Group's business strategies
  • A multifunctional Working Group for sustainability tasked with defining objectives, targets and timescales for the sustainability commitments already undertaken by the Group in the Charter of Sustainability Commitments
  • Responsibility for achieving the objectives in the Sustainability Plan lies with the representatives of the units involved, which dedicate resources, tools and know-how to implement the actions underlying those objectives
  • The Sustainability unit ensures compliance with the commitments undertaken by monitoring the progress of projects and achievement of the objectives and continually keeping the Sustainability Committee informed.

 

We update the Plan's objectives on a yearly basis starting with the results achieved and adding the new needs. The base year against which the quantitative targets in the Plan are defined is 2017.

  • Contribute to creating value for the Group over the medium and long term, in line with the direction given in the Business Plan
  • 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 above 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 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

In terms of methodology, the Plan is developed along the following steps, which were started in 2017.

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 Timetable

Promotion of the sustainability culture in line with the Group Values. Encouraging managers to think in a sustainable manner within their sphere of influence

Gradual assignment of sustainability objectives in the Company's variable remuneration system

Assign objectives related to sustainability to Italian personnel interested in the variable remuneration system

Raise awareness, assign responsibility and promote focus on the issue of sustainability

2019

Maintenance of the Corporate Governance system and risk management (including sustainability risk) in line with international best practice

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

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 all other personnel who access the sites

2020

Respect for the law and prevention of corruption in all spheres of influence

ISO 37001 Certification

Obtain ISO 37001 certification, which defines the requirements of the Anti-Corruption Management System, in order to support public and private organisations in combating and preventing corruption and disseminate a culture based on ethics and good conduct

 

Obtain ISO 37001 Certification for FincantieriSpA

Improve perception of the Company's and Group's ethical standing

2020

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

Implement an external Stakeholder engagement programme

Implement stakeholder engagement, 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

2022

Economic and financial sustainability

Commitments Objectives Description/ Target Benefits Timetable

Increasingly sustainable and responsible corporate performance, creating the conditions for development that ensures the needs and expectations of all stakeholders are met

Contents of the Business Plan

   

2022

Climate Change

Commitments Objectives Description/ Target Benefits Timetable

Support for research to improve the analysis and management of risks associated with climate change

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

 

1 project in 2019

5 projects by 2030

Increase / maintain product competitiveness, reduce greenhouse gas

2019-2030

Relations with local communities

Commitments Objectives Description/ Targe Benefits 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

2019

Collaboration with governments, national and international associations to adopt policies and strategies to contribute to a healthy, 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 in order to get involved in redirecting surplus food in canteens at Fincantieri sites

 

Enter into agreements in all Italian cities in which Fincantieri has a site with a canteen

Reduction of waste and increase the well-being of those in need and increasing the Company's reputation

2020

Human Rights

Commitments Objectives Description/ Target Benefits Timetable

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

Annual audits to assess and monitor the most critical suppliers in terms of human rights, health and safety and the environment (Second Party Audit)

Conduct annual audits - tool for an informed management of the supply chain

 

35 audits per year

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

2019

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 Timetable

Employment and job protection to promote economic and financial sustainability

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

2022

Training and education

Commitments Objectives Description/ Target Benefits Timetable

Promotion of growth, training and enhancement of human capital

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

2020

 

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

2020

Diversity and equal opportunity

Commitments Objectives Description/ Targe Benefits 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

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 Fincantierifor the Future project

 

At least 40 facilitators trained in Italy

Disseminate widely and naturally new behaviour and an open mentality also on sustainability issues

2020

Company Welfare

Commitments Objectives Description / Target Benefits Timetable

Increase the wellbeing of personnel through innovative solutions rather than traditional ones

Launch the smart working tool to support maternity from before birth until the child reaches one year as well as resources with evident non-fitness to work certified by the competent doctor

Launch a smart working project for specific categories of employees in Italy

(pregnant women, illness, new mothers)

Increase work hour flexibility for employees with particular conditions to improve work-family life balance

2021

 

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 SpA,

2020 Italian subsidiaries

Reduce the costs and consumption of fuel for employees as well as emissions associated with home-work commutes

2019-2020

New horizons and markets: material topics

Customer satisfaction

Commitments Objectives Description/ Target Benefits Timetable

Listen to expectations/demands and maximize customer satisfaction

Develop and apply methodologies for detecting the level of customer satisfaction.
Identify new organisational solutions to strengthen customer loyalty

Develop a Customer Satisfaction Index (CSI) System that consists of:

  • A CSI development plan
  • CSI measures and calibration
  • An intra-group CSI benchmark
  • CSI objectives for each compan

Monitor trends and act in a specific and targeted way on the areas of client dissatisfaction

2019-2021

Innovation: material topics

Product quality, compliance with technical standards

Commitments Objectives Description/ Target Benefits 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 (e.g. Green Passports)

Ensure observance of the quality requirements of processes in an efficient and integrated way, in line with market expectations

Annually

Innovation, research and development

Commitments Objectives Description/ Target Benefits Timetable

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

Development of intelligent ships and platforms (smart ships/smart offshore infrastructure) and autonomous ships. Development of innovative solutions for yards (Smart Yards)

Develop:

  • 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
  • Optimise performance, minimise 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

2030

Environmental impact of products and services

Commitments Objectives Description/ Target Benefits Timetable

Development of ecologically sustainable products and services with the aim of contributing to a low carbon economy

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 while maintaining competitiveness and product compatibility with the new advanced regulations

2030

 

Definition of an eco-design system to promote the development of environmentally sustainable ships

Make ready-to-use technical solutions available to the designers in the Merchant Ship Division, with systems and components with low environmental impact.

The system will be based on a policy outlined in the Organisation Manual, on a design procedure that gathers initiatives and provides the KPIs proposed internally

Implement new systems and components with low environmental impact

2019

Streamlined production: material topics

Health and safety in the workplace

Commitments Objectives Description/ Target Benefits Timetable

Pursue improvements in workers’ health and safety

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

Minimise risks, improve levels of health and safety at work, improve the Company's image, reduce insurance premiums and financial guarantees where required

2020

 

Initiatives to engage subcontractors (workshops, “last metre”) on issues associated with health and safety

Develop a project to engage subcontractors on issues of health and safety management

 

75% of the population that can be informed in Italy

Improve awareness and management of health and safety for subcontractors' workers

2021

 

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 the population that can be informed in Italy

Reduce absenteeism, increase productivity, reduce turnover, facilitate hiring and promotion of a positive image and one attentive to employees' needs

2022

Procurement activities

Commitments Objectives Description/ Target Benefits Timetable

Promotion of a responsible and sustainable supply chain 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

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

2019

 

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 buyers

Raise awareness and train staff on sustainability issues in order to improve relations with suppliers on these specific topics

2022

Environmental management

Commitments Objectives Description/ Target Benefits Timetable

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

Reduction of Scope 2 greenhouse gas (GHG) emissions

Reduce Scope 2 greenhouse gas (GHG) emissions (associated with electricity consumption)

 

-20% of GHG emissions compared to 2017

Contribute to the fight against climate change (most sustainability ratings require objectives to reduce GHG emissions)

2020

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

Obtain ISO 50001 certification

Obtain ISO 50001 certification which defines the requirements for an efficient management of direct electricity consumption

 

Obtain certification in Italy (Fincantieri SpA)

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

2021

 

Increase the portion of electricity from renewable sources

Purchase electricity produced by certified renewable sources

 

100% electricity purchased in Italy

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

2020

Increase employee awareness of environmental impact and promote virtuous behaviour

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 digitalisation of company documents

 

100% employees in Italy

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

2019

Related Topics

Sustainability Governance

Our governance model

Our committments

Stakeholders

Materiality Matrix

Sustainability risks

Our performance

Reporting

Presentations

Business Ethics