VALUE FOR COMMUNITIES
In our global presence, we contribute significantly to the economic growth of the countries in which we operate, to employment, well-being, and improved quality of life. We support this through our In-Country Value projects and Corporate Social Responsibility activities.
We contribute to the development and economic growth of the countries in which we operate, support local communities, and strive to create long-term value for all our stakeholders.
Our Goals
Tending to 100% suppliers with ESG screening
Social Audit on 10 key suppliers in 2024
Development of specific ICV programmes in the Group’s Regions
Implement CSR initiatives in each of the target countries by business presence with at least 12 detailed initiatives in 2024 and 15 in 2025
ATTENTION TO THE CONTEXTS IN WHICH WE OPERATE
Collaboration with communities, activation of supply chains in each country, and constant open dialogue with stakeholders within institutions and civil society are the cornerstones of our way of creating value in the territories in which we operate.
projects that best represent our Group's business in terms of advancement and as a type of product and technology
total expenditure in the territories, for goods and services
locally purchased goods and services of total costs in major projects
suppliers evaluated with ESG criteria
new qualifications are based on ESG criteria
social audit of 8 key suppliers by third-party auditor in high social risk countries (SA8000) in 2023
social projects implemented by MAIRE Foundation
countries where we have implemented CSR initiatives
through corporate giving we generate social change by providing opportunities for capacity building and raising awareness of sustainability issues
Local Economic and Social Development
We activate opportunities for development and economic growth in the countries where we operate through our Group's local value chain. We support local workforce development, local procurement of goods and services to stimulate socio-economic development in the areas where we operate, including through social projects.
In-Country Value and CSR
We generate long-term value through the In Country Value program. Several social projects carried out in Italy and around the world; in India, the Group participates in the first research center on circular economy, trains students by supporting them with scholarships, lectures and tutorships, and promotes the orientation of young women to STEM studies and concrete projects for local communities.
Responsible supply chain
We strengthen relationships with suppliers by establishing a shared organizational process that integrates the principles of environmental, social and governance responsibility throughout the entire production chain.
Promoting sustainable practices
We collaborate with our supply chain to promote sustainable practices on human rights, safety, climate, and the environment, through sharing ESG screening, tools such as the Carbon Tracker, and discussion forums. We require our suppliers to commit to best practices and adhere to the founding principles of the Code of Ethics.