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GEDI Gruppo Editoriale P U R S U a N T Dichiarazione Consolidata di Carattere Non-Finanziario GEDI Gruppo Editoriale p u r s u a n t t o I t a C l o i a n n s o L l i e d g a i t s e G l S a d E t u i N v D s e t o a I n D i G n - e F a r c i b n u r i e a p l e i n t p y c n o S i o R a o . c l E e i 2 e S p d t 5 o t à i a r 4 t p t t o e / e r 2 2 r m a i 0 0 z a e i 1 1 o l n n 8 6 e t i Consolidated Non-Financial Statement pursuant to Italian Legislative Decree no. 254/2016 Sustainability Report 2018 1 Consolidated Non-Financial Statement 2018 Contents Letter to Stakeholders ............................................................................................................................ 4 Introduction ........................................................................................................................................... 5 Methodology ................................................................................................................................................. 5 Group companies .......................................................................................................................................... 7 The activities of GEDI Gruppo Editoriale.................................................................................................. 8 Group Profile ................................................................................................................................................. 8 Newspapers ................................................................................................................................................... 9 Periodicals and Guides ................................................................................................................................ 12 Digital ........................................................................................................................................................... 13 Radio ............................................................................................................................................................ 14 Advertising ................................................................................................................................................... 15 Key historical milestones ............................................................................................................................. 16 Commitment to sustainability .............................................................................................................. 18 Stakeholders and stakeholder engagement activities ................................................................................ 18 Materiality analysis ...................................................................................................................................... 19 Governance and integrity ..................................................................................................................... 22 The Governance model ............................................................................................................................... 22 Internal control and risk management system ........................................................................................... 24 Model 231 and anti-corruption ................................................................................................................... 26 Training provided on 231 and anti-corruption ............................................................................................ 27 The Code of Ethics and its distribution ........................................................................................................ 27 The media industry and the Group business model ............................................................................... 28 The business model and strategy ................................................................................................................ 28 Financial performance .......................................................................................................................... 31 Financial highlights ...................................................................................................................................... 31 Economic Value of the Group ...................................................................................................................... 33 Financial assistance received from government ......................................................................................... 35 The Group's role as an information provider and responsibility to the community ................................. 36 Content quality ............................................................................................................................................ 36 Independence and editorial responsibility .................................................................................................. 36 The investment chain of GEDI SpA .............................................................................................................. 38 2 Consolidated Non-Financial Statement 2018 Relations with the financial community ...................................................................................................... 39 Responsible advertising and marketing ...................................................................................................... 39 Privacy and data protection ........................................................................................................................ 41 Social role and participation in the community .......................................................................................... 43 Focus on human resources ................................................................................................................... 47 Working conditions and practices ............................................................................................................... 47 Diversity and equal opportunities ............................................................................................................... 50 Enhancement and development of skills .................................................................................................... 51 Worker health and safety ............................................................................................................................ 52 Environmental impacts ........................................................................................................................ 54 Management of paper and other raw materials ......................................................................................... 54 Energy and emissions .................................................................................................................................. 56 Energy Consumption .................................................................................................................................. 56 Environmental impact of radio activities .................................................................................................... 59 Water consumption ..................................................................................................................................... 60 Waste management .................................................................................................................................... 61 Environmental impact of distribution and logistics .................................................................................... 63 Annexes ............................................................................................................................................... 64 Annex 1 -Reconciliation of Material Topics, GRI and G4 Media Sector Standards and Italian Legislative Decree no. 254/16 ....................................................................................................................................... 64 Annex 2 - Scope of Material Aspects of the GEDI Group ............................................................................ 65 Annex 3 – Focus on Human Resources – Reporting Table .......................................................................... 66 Annex 4 - Environmental impacts - Reporting Table ................................................................................... 69 GRI Content Index ................................................................................................................................ 71 Report of the Independent Auditor ...................................................................................................... 77 3 Consolidated Non-Financial Statement 2018 Letter to Stakeholders Marco De Benedetti Laura Cioli Chairman Chief Executive Office GEDI Gruppo Editoriale S.p.A. GEDI Gruppo Editoriale S.p.A. GRI 102-14 GEDI Gruppo Editoriale is committed to offering information, culture, commentary and entertainment through its media in accordance with the principles of independence and freedom, with the awareness of the role that this activity plays in the formation of the citizen-reader’s ethical and moral values. The Group’s mission is also to create value for all stakeholders by devoting the required attention to financial stability within an adverse market environment, while offering quality products based on highly socially and environmentally sustainable management decisions. In
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