Health and Safety

Occupational safety, workers’ health, and the care and improvement of working environments have always been our guiding principles and form the foundation of our policies. We regard safety as a strategic factor and a driver of the company’s development. At the core of every action lies a rigorous commitment to safeguarding the health and safety of all workers, whether they are our employees or those of contracting companies.

We have embedded these commitments within our governance by implementing an Integrated Management System for Occupational Health and Safety, Environment, and Energy. The Policy — approved by the Chief Executive Officer of Fincantieri S.p.A., binding for all Group employees and addressed to the entire supply chain — is disseminated through coordinated activities across the various production units.

At a strategic level, embedding a future of zero accidents on board stands as one of our foremost objectives, with the achievement of zero injuries charting our course. With this ambition, we launched the Safety Enhancement Plan in 2023, which has continued to advance with new initiatives throughout 2024.

Within this framework, the institutional communication campaign Zero Accidents Future On Board — #SAFETYONBOARD — was launched on April 28, 2023, during the World Day for Safety and Health at Work. The campaign aims to raise awareness among our people about the critical importance of maintaining unwavering focus, through posters, digital signage, and immersive activities across our shipyards.

The Plan encompasses several initiatives aimed at fostering a culture of safety and promoting constructive dialogue on the subject. These initiatives build upon and strengthen the activities outlined in the Memorandum of Understanding signed between Fincantieri S.p.A. and INAIL (National Institute for Insurance against Workplace Accidents).

Key actions undertaken in 2024 include structured meetings between supervisors and workers to encourage the sharing of best practices and reporting; periodic gatherings of key personnel at production sites to align perceptions, operational challenges, and priority actions; as well as direct field observations and detailed analyses of accidents to identify root causes and enhance preventive measures.

Systematic inclusion of safety briefings at the start of major company meetings has been extended, alongside ongoing efforts to engage suppliers in developing improvement plans aligned with corporate standards.

Monitoring activities have been further strengthened through the adoption of periodic reporting tools, cross-functional exchanges, and timely reporting systems, including dedicated digital channels.

At the international level, structured dialogue forums and joint committees have been established, while on the training front, the involvement of supervisors and external contractors has been intensified through targeted training programs and multilingual materials.

Finally, development continues on the digital portal for integrated HSE management, already operational in certain Group entities.

To ensure optimal management of Occupational Health and Safety, we adopt best practices in the field and have implemented Management Systems across all Group sites. These Management Systems have been certified according to the ISO 45001 standard for 100% of our Italian production sites and 89% of the Group’s sites overall.

These Management Systems enable us to:

• Conduct thorough analyses of all health and safety risks affecting our employees and suppliers; design and implement appropriate prevention and protection measures to eliminate or minimize such risks through improvement plans with measurable objectives;

• Regularly anticipate and test emergency management measures and procedures, consistent with the emergency plans of each site;

• Monitor accident trends and critical incidents through reporting, evaluating progress against defined objectives;

• Carry out periodic internal audits and structured inspections (e.g., Safety Walk Around) in activity-specific areas;

• Implement investigation procedures for accidents and near-misses, involving relevant stakeholders to identify causes and define preventive actions;

• Systematically disseminate training and information related to Occupational Health and Safety.

Over the years, these measures have yielded a continuous improvement in performance, steadily reducing the incidence of accidents.

We continuously monitor health risk factors affecting our personnel through a comprehensive occupational health surveillance program, which includes:

• Periodic medical examinations;

• Specialist assessments;

• Diagnostic tests.

Based on the results of these activities, we implement targeted measures for the prevention, protection, and promotion of the well-being of all workers.

In line with this approach, regular meetings are held at each site with employees and Workers’ Safety Representatives. These meetings also serve to identify potential sources of work-related stress. Where necessary, such meetings may lead to the definition of initiatives aimed at risk reduction, for example through specific training courses or organizational measures.

Our commitment is to ensure continuous improvement in Health and Safety performance, particularly concerning the occurrence of workplace injuries.

To control and prevent injuries, we conduct detailed technical analyses and investigations at both Group and site levels, monitoring the injury frequency rate related to employees and contractors, as well as individual incidents that have resulted in injury and near misses. The outcomes of these analyses and investigations are summarized in reports addressed to various levels of responsibility and to the Company’s Executive Leadership, leading to the implementation of corrective actions.

Injury prevention is also fostered through a culture of dialogue and collaboration. To this end, monthly coordination meetings are held involving all stakeholders responsible for Health and Safety governance, including HSE managers, Prevention and Protection Service Officers, site managers of all production facilities and main Italian subsidiaries, Directors, and HR Business Partners for each plant.

A key prevention tool is the Management Procedure for Injuries, Near Misses, Unsafe Conditions/Behaviours, and Positive Feedback, updated in 2023. This procedure defines how to record and manage injury-related events and similar occurrences. To ensure its effectiveness, we have implemented a digital support system that allows for the registration and management of Unsafe Observations related to each event, the archiving of photographic evidence, and the documentation of corrective measures taken.

Finally, we ensure a healthy and safe working environment by raising awareness among our senior management. Specific Health and Safety targets have been established for these roles to determine variable remuneration for managers and supervisors.

Our Health and Safety performance stands as a testament to the effectiveness of these measures.

These measures have a positive impact on non-employee workers operating at our shipyards.

We believe that fostering a culture of Occupational Health and Safety is a fundamental preventive measure. For this reason, we continuously invest in training and information for our employees, providing comprehensive and up-to-date programs covering a wide range of topics.

Among the most significant initiatives is the Top Safety course, an innovative program structured with a gamified approach aimed at actively engaging all Fincantieri S.p.A. supervisors in Safety Observation activities. By the end of 2024, 78% of supervisors had successfully completed the program, contributing to strengthening the culture of prevention and awareness across the company.

In parallel, work is underway to develop an HSE Portal, with full activation scheduled for 2025. This platform will serve as a central tool for the integrated management of health, safety, and environmental information, improving monitoring, reporting, and internal communication efficiency. The system is already operational within the VARD Group production facilities.

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Health and safety in the workplace: 2023-2027 Sustainability Plan objectives and targets

Continuous improvement of workers’ health and safety conditions