CIR Group – Compagnie Industriali Riunite (Formerly COFIDE‐Gruppo De Benedetti S.P.A.)

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CIR Group – Compagnie Industriali Riunite (Formerly COFIDE‐Gruppo De Benedetti S.P.A.) CIR Group – Compagnie Industriali Riunite (formerly COFIDE‐Gruppo De Benedetti S.p.A.) Consolidated Non‐Financial Statement pursuant to Legislative Decree no.254/2016 2019 Sustainability Report (Translation from the Italian original which remains the definitive version) CIR Group (formerly COFIDE) 2019 Consolidated Non‐Financial Statement Contents Letter to the Stakeholders ......................................................................................................................... 4 Methodological note ................................................................................................................................. 6 The COFIDE group in 2019 ......................................................................................................................... 9 1. Group, governance and sustainability .............................................................................................. 10 1.1 COFIDE: an industrial group with more than 40 years of history .................................................. 10 CIR .................................................................................................................................................. 10 Background and strategies ............................................................................................................ 15 1.2 Governance and risk management ............................................................................................... 17 Risk management system .............................................................................................................. 19 1.3 Ethics, integrity and anti‐corruption ............................................................................................. 25 The 231 Model and anti‐corruption matters ................................................................................ 26 Fight against corruption in the COFIDE group ............................................................................... 26 Codes, principles and trade associations ...................................................................................... 27 1.4 Sustainability for the COFIDE group .............................................................................................. 29 Group stakeholders and their involvement .................................................................................. 29 Analysis of materiality ................................................................................................................... 31 2. Economic responsibility ................................................................................................................... 33 2.1 Economic value generated and distributed .................................................................................. 36 3. Customer‐related responsibility ....................................................................................................... 38 3.1 Quality and safety of products and services ................................................................................. 38 Monitoring service quality ............................................................................................................. 40 Innovation ...................................................................................................................................... 42 3.2 Privacy and data protection .......................................................................................................... 44 3.3 Responsible purchasing practices ................................................................................................. 45 4. Personnel‐related responsibility ...................................................................................................... 49 4.1 Attention dedicated to human resources ............................................................................................. 49 Composition of the workforce ...................................................................................................... 50 2 CIR Group (formerly COFIDE) 2019 Consolidated Non‐Financial Statement 4.2 Diversity, equal opportunities and well‐being ...................................................................................... 54 Remuneration policies ................................................................................................................... 55 Employee well‐being and welfare ................................................................................................. 56 Labour relations ............................................................................................................................. 57 4.3 Recognition and development of human capital .................................................................................. 58 4.4 Health and safety of workers ................................................................................................................ 61 5. Community‐related responsibility ....................................................................................................... 66 6. Environmental responsibility ............................................................................................................... 69 6.1 Reduction of environmental impacts ............................................................................................ 69 6.2 Energy consumption and greenhouse gas emissions ............................................................................ 70 Energy consumption ...................................................................................................................... 70 Initiatives to reduce energy consumption ..................................................................................... 72 Greenhouse gas emissions ............................................................................................................ 74 6.3 Waste management .............................................................................................................................. 77 6.4 Water management .............................................................................................................................. 79 Attachments ........................................................................................................................................... 82 Human Resources ......................................................................................................................... 82 Composition of the workforce ...................................................................................................... 82 Turnover ........................................................................................................................................ 83 Diversity and equal opportunities ................................................................................................. 85 Compensation policies .................................................................................................................. 87 Training .......................................................................................................................................... 88 Health and safety .......................................................................................................................... 90 Environment .................................................................................................................................. 92 Energy consumption and greenhouse gas emissions ................................................................... 92 Waste ............................................................................................................................................. 93 Water management ...................................................................................................................... 93 Reconciliation chart for material topics, GRI Standards and Legislative Decree no. 254/2016 .................. 96 Scope of material topics of the COFIDE group .......................................................................................... 98 GRI Content Index ................................................................................................................................. 100 Auditors' Report .................................................................................................................................... 105 3 CIR Group (formerly COFIDE) 2019 Consolidated Non‐Financial Statement Letter to the Stakeholders Dear Stakeholders, The Sustainability Report provides an opportunity to present the activities of our group and their impact on the internal and external communities we serve, continuing the consideration of both our strengths and the areas in which we can improve. Significant transactions carried out during 2019 redesigned the organisation and the perimeter of the group. The merger of COFIDE and CIR, effective 19 February 2020, has enabled us to simplify the structure of our group in line with market trends, while also improving governance. An agreement has been reached with EXOR N.V. for the sale of the investment held in GEDI Gruppo Editoriale by CIR. The sale of GEDI, a group that CIR controlled for more than thirty years, is consistent with our strategy to focus management effort and resources on those sectors with the greatest potential for creating value. The acquisition of Charleston, a German operator in the long‐term care sector, represents
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