Azimut Group Azimut La Direzione Per Investire
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AZIMUT GROUP AZIMUT LA DIREZIONE PER INVESTIRE ESG IN ACTION Page 1 of 15 AZIMUT GROUP AZIMUT CONTENTS 1. Introduction .............................................................................................4 2. Areas of ESG intervention .....................................................................5 2.1 Charter of Values ................................................................................5 2.2 ESG Commitment ................................................................................9 2.3 ESG products and services platform ............................................. 10 2.4 CSR ACTION ..................................................................................... 13 3. Fondazione Azimut .............................................................................. 15 Page 2 of 15 AZIMUT GROUP AZIMUT This document is subdivided into three sections: • A brief overview of the Azimut Group highlighting its unique and distinctive characteristics. • The areas of ESG intervention starting from the values that guide the Group's strategies both in the approach to business and in the Corporate Social Responsibility (CSR) initiatives undertaken by the Work Group called "Action". • A brief description of the Group's commitment to the community through the activities of the Fondazione Azimut, which, although not included in the Group's scope of consolidation, represents an important way for Azimut to have a positive impact on the country. For further information on ESG governance and the Group's approach to these issues, please consult the "ESG Governance" and "ESG Policy" documents available on the Group's website. Page 3 of 15 AZIMUT GROUP AZIMUT 1. Introduction Azimut Holding S.p.A. is the parent company of an international Group (hereinafter, also referred to as the "Azimut Group" or "Azimut") with a widespread presence in more than 17 countries. The governance of the Azimut Group is the result of a 2002 management buy-out that made Azimut totally independent of banking, insurance or industrial groups. The transaction was the largest ever buy-out of an asset manager in Europe. The buy-out not only involved the Company's management, but also all its financial advisors and employees. This significant involvement of staff in the control of the companies for which they work is rather unique in Italy’s financial sector. Azimut has always been committed to being involved in the local communities of the countries in which it operates with the goal of having a positive impact on the real economy. The purpose of this document is to illustrate the sustainable development initiatives and activities undertaken by Azimut with regard to environmental, social and governance (ESG) matters. Regardless of the extent to which these initiatives and activities are developed, the underlying principles are based on a vision that sees Azimut Holding S.p.A. as an advisor and encompasses the entire Group, which has always been fully committed to operating in a sustainable and responsible manner, generating value for itself and, above all, for its stakeholders in the short, medium and long term. Page 4 of 15 AZIMUT GROUP AZIMUT 2. Areas of ESG intervention 2.1 Charter of Values Azimut has developed a Charter of Values to disseminate a behavioural model geared towards sustainability which guides the way each person interacts in the various work situations and encourages a standardised approach to interacting with the Group's various stakeholders. The Group has identified the following values: Fairness, Transparency, Independence, Freedom, Loyalty, Trust, Innovation and Sustainability. These values guide Azimut's approach to business and are capable of generating positive outcomes in terms of sustainable development for the main categories of stakeholders: the People who make up Azimut, its Customers, Shareholders, Local Communities and Suppliers. FAIRNESS Adequately respond to the expectations and needs of the various types of customers, employees and shareholders by forging a relationship of trust and quality that guarantees mutual satisfaction. Provide working conditions that respect the dignity of the People and that are effective in harnessing the value of human resources and combating all forms of discrimination and cronyism. Adequately respond to the expectations and needs of the various types of Customers, forging a relationship of trust and quality that guarantees mutual satisfaction. Operate in a manner consistent with the expectations of each Shareholder and share strategic business decisions. Establish relations with the principal types of stakeholders within the country to promote and launch initiatives aimed at Local Communities in a non-discriminatory manner. Impartially identify Suppliers and business partners capable of responding adequately to the needs of the Group. Page 5 of 15 AZIMUT GROUP AZIMUT TRANSPARENCY Promote a clear and transparent style of communication with all stakeholders to maximise satisfaction, especially among customers. Encourage a collaborative approach to work that fosters continuous learning of People and facilitates the transfer of knowledge, offering clear and shared opportunities for growth and career development. Establish effective channels of communication to guarantee that Customers are provided with clear, timely and complete information on the costs and risks of the products and services offered. Share the Group's financial results and cultural achievements with Shareholders. Share and publicise the initiatives promoted by the Group to stimulate the development of the Local Communities. Adopt clear and transparent Supplier selection systems. INDEPENDENCE Serve our customers with the sole purpose of satisfying their savings and investment needs, offering solutions for every situation. Define clear roles and responsibilities for the People of the Group and avoid inappropriate sales pressures. Develop a range of products and services tailored to meet the actual needs of Customers. Foster ongoing relationships with Shareholders without being influenced by them and acknowledging their opinions as an incentive for continuous improvement. Select and establish business relations with Suppliers who share the same values as the Group. FREEDOM Foster an environment that is unencumbered by external influences and where everyone is free to communicate and perform their activities while respecting the cultural traditions of the communities in which the Group operates. Encourage dialogue and freedom of opinion between People at work by adopting decision-making processes that enhance the Group's capacity to generate new ideas and Page 6 of 15 AZIMUT GROUP AZIMUT proposals. Do business without having to withstand the pressure of large groups and establish long-lasting relationships with Customers on equal terms. To be dynamic and enterprising with the autonomy to act that is not affected by any inappropriate influence from Shareholders but that pursues value creation for the Group and its stakeholders as its ultimate goal. Always consider cultural traditions when identifying and implementing initiatives intended to develop Local Communities. LOYALTY Ensure that the relationships established are fair and respectful of the interests of all parties involved to create an environment of mutual trust that strengthens the Group's reputation and the long-term sustainability of the business. Foster respect and loyalty in corporate relations both between the People of the Group and external stakeholders. Protect the confidentiality of Customer information. Act for the benefit of the Group and its Shareholders by engaging in behaviours that are consistent with corporate values and professional ethics. Fully implement all the commitments expressed by the Group towards the Community. Promote a collaborative approach with Suppliers to focus efforts on mutual satisfaction and value creation. TRUST Encourage the establishment and preservation of trustworthy relations, both between the people of the Group and in the relations it has with external stakeholders. Care for and respect for People's work regardless of the differences in values and feelings of the individual. Involve Customers in the Group's activities to guarantee relationships based on trust and fostering behaviour which is in line with the Group's reputation. Establish a stable and ongoing relationship of trust with Shareholders. Page 7 of 15 AZIMUT GROUP AZIMUT Establish meaningful and collaborative social and cultural relations with the Community thereby strengthening the Group's reputation. INNOVATION Encourage the creation of an environment that spurs innovation both in the products offered and in the relevant business processes. Encourage the constant and ongoing improvement and growth in the skills and knowledge of the People. Encourage constant dialogue with Customers to identify and acknowledge innovative proposals and communicate company news to them. Share the driving forces of the market in terms of innovation with Shareholders. Encourage consultation/listening with Suppliers to foster the continuous development of innovative and responsible processes and products. SUSTAINABILITY Encourage the sustainable development of the economy through an investment approach that considers ESG variables. Raise awareness of the Group's People on diversity issues and encourage the spread of a sustainability culture among them Offer products and services that increasingly consider ESG issues to meet the needs of Customers who are sensitive to these