Human Rights

We consider paramount to ensure and advocate for the respect of human rights within our operations and commercial relationships.

That is why, starting from 2019, we voluntarily signed the Ten Principles of the UN Global Compact on corporate sustainability, which with regard to human rights urge companies to:

1) support and respect the protection of internationally proclaimed human rights (equality, safety and security, personal liberty and economic, social and cultural freedoms) within their sphere of influence;

2) make sure that they are not complicit in human rights abuses;

3) uphold the freedom of association and the effective recognition of the right to collective bargaining;

4) uphold elimination of all forms of forced and compulsory labour;

5) uphold the effective abolition of child labour;

6) uphold the elimination of discrimination in respect of employment and occupation.

These principles are also enshrined in the Declaration on Fundamental Principles and Rights at Work of the International Labour Organization (ILO) and are core to our governance, missions, and values.

Our dedication to such principles is reflected in our Policy on Human Rights – Commitment for the Respect of Human Rights and Diversity, alongside our Code of Conduct, Charter of Sustainability Commitments, and Sustainability Plan.

Through this framework, we advocate for awareness and respect of human rights within our sphere of influence.

Our policy places a specific focus on Diversity and Inclusion, as we consider them strategic for our corporate competitiveness and the development of our people.

Throughout 2023, we strengthened our commitment to uphold the respect of human rights within our supply chain by implementing Human Rights Risk Assessments (HRRA). This initiative also anticipates the provisions of the European Parliament and Council's Directive on Corporate Sustainability Due Diligence (CSDDD).

We conducted the HRRA at our Italian and European production sites, as well as at the facilities of our contractors and Tier 1 suppliers with whom Fincantieri has commercial relationships. The assessment followed a thorough risk-based approach, which included an in-depth analysis of existing and potential negative human rights impacts within our value chain. As a result, we have identified the main risks throughout the entire supply chain and categorized them based on their severity and likelihood of occurrence. The classification process also took into account the market segment and geographical area in which we operate, as different political and social contexts pose varying potentials for human rights violations.

According to the HRRA results, we will define and implement targeted actions at the audited sites. These actions will be aimed at continuous improvement to ensure the strongest possible adherence to human rights throughout our supply chain.

As part of our commitment on advocate the respect of human rights along our value chain, we also started in 2019 an ESG second-part audit program on our priority/strategic suppliers. The audits involve the use of two detailed checklists to assess various aspects of a company’s operations. One of these checklists is specifically designed to examine health, safety, and human rights issues within the organization. This comprehensive checklist also evaluates the company’s adherence to the principles outlined in the Supplier Code of Ethics.

Between 2019 and 2023, despite the constraints imposed by the Covid-19 emergency, we successfully audited 162 strategic suppliers. The audit findings consistently demonstrated full compliance with Fincantieri standards.

Alongside with the HRAA and ESG Audits initiatives, we seal the respect of human rights along the value chain through a comprehensive set of measures, such as the supplier qualification process (which also includes monitoring compliance with labor regulations) and the whistleblowing system (accessible also to contracted and sub-contracted workers).

Human rights: 2023-2027 Sustainability Plan objectives and target

Commitment to creating the socio-economic conditions to ensure respect for human rights throughout the value chain