Top management has approved governance objectives of sustainability, thanks to which it will be able to guide the Group towards increasing levels of responsibility and sustainability.
We have created operational bodies of governance and we have equipped ourselves with instruments, which will enable us to integrate sustainability into our businesses.
The Committee is an internal, collegial, advisory body, which assists the Board of Directors on the subject of corporate ethics and on environmental, social and governance topics. More specifically, the Committee encourages the integration of sustainability into corporate strategy and culture, supervises the way in which the company dialogues with its stakeholders and follows the objectives of sustainability, examines the guidelines, monitors implementation of the Sustainability Plan and checks compliance with the Code of Ethics.
The Sustainability Group has the task of coordinating and developing sustainability in Group processes and business activities. The Group belongs to the Risk & Compliance Department, reporting to the Chairman and to the CEO.
The Sustainability Consultation Round Table was formally set up when the 2018-2022 Sustainability Plan was approved. This collegial body, consisting of the main corporate staff departments, helps the Chairman and the Chief Executive Officer to supervise the implementation and regular review of the Sustainability Plan and encourage the integration of sustainability in company management.
The Round Table became fully operational in 2018 and focused especially on governance levels and on monitoring the progress of the operational sustainability objectives.
Again regarding the integration of sustainability into our business, we have organised seminars focusing on specific corporate targets to take a closer look at certain topics of sustainability, such as Climate Change, Sustainability in corporate risk management, and the System of performance management and objectives of sustainability.
Our internal regulations and our management and control systems are the governance tools, which ensure our organisation is operating correctly not only by identifying general directives, but also by turning strategic plans into concrete actions.
Our Policy of sustainability and our quality, environmental, safety and energy system, focuses our operations on major topics, such as the promotion of the culture of quality, respect for the environment and protection of ecosystems. It ensures we value our staff and their safety in the workplace, manage our resources efficiently and carry out risk analysis. It assists us in responsibly managing our economic, social and environmental impact, and helps us dialogue with our stakeholders and encourage sustainability along the value chain.
The Policy is an integral part of the Management Systems we have adopted to govern the quality, environment, safety and energy of our business activities.
To facilitate an overview of the risks, in 2018 we began the ERM Programme based on the recent COSO Framework “Enterprise Risk Management (ERM) – integrating with Strategy and Performance, The aim is not only to reveal the nature and level of the main risks which could prevent us from achieving our objectives of business and sustainability planning, but also to address strategies to develop a plan of mitigation, where necessary.
We are aware of the economic, social and environmental challenges and have joined external initiatives, whose values are consistent with our governance. These include: Global Compact Network Italia, CSR Manager Network, Integrated Governance Index (IGI), ESG Governance LAB e Carbon Discoscure Project.
Towards integrated governance: the Integrated Governance Index (IGI)
The IGI is a quantitative index, which evaluates the first 100 listed companies on the extent to which they integrate sustainability into corporate governance. They are rated according to a questionnaire, which also gives details of especially relevant, "extraordinary" topics for the year alongside more "commonplace" topics of governance. In April 2017, Acea was asked to take part in the IGI survey for the first time and obtained a score of 55.90, halfway down the general classification of participants (17th out of 33). In the 2018 assessment, Acea improved its position and rose to 14th out of 47 with a score of 61.2.