Connecting Pieces of Your World

Total Page:16

File Type:pdf, Size:1020Kb

Connecting Pieces of Your World Connecting Pieces of Your World 2013 SUSTAINABILITY REPORT Ansaldo STS | 2013 Sustainability Report Ansaldo STS in brief Ansaldo STS is a technological company listed on the Milan Stock Exchange. It is active in the railway and urban rail transportation system market, designing and supplying traffic management and signalling systems and related services. It designs, builds and manages transportation and signalling systems for freight and passenger railway and urban rail lines. It is a general contractor, system integrator and supplier of large scale turnkey projects around the world. ANSALDO STS IN BRIEF 1 Performance indicators 1 The Pillars of Sustainability for Ansaldo STS 2 Letter from the Chairman and CEO 4 CONTENTS 6 COMPANY PROFILE 9 Performance indicators ANSALDO STS CORPORATE SOCIAL RESPONSIBILITY 19 (K€) 31.12.2013 31.12.2012 THE ENVIRONMENT, HEALTH AND SAFETY 53 FINANCIAL HIGHLIGHTS OUR PEOPLE 75 ACQUIRED ORDERS 1,483,587 1,492,346 ORDER BACKLOG 5,601,021 5,683,253 SUPPLY CHAIN 101 REVENUE 1,256,419 1,247,849 OPERATING PROFIT (EBIT) 118,093 117,073 COMMUNITY 109 PROFIT FOR THE YEAR 74,815 75,696 NET WORKING CAPITAL 21,027 (48,147) SUSTAINABILITY OF THE AUSTRALIAN BUSINESS 119 NET FINANCIAL POSITION (net cash position) (260,078) (301,982) ECONOMIC PERFORMANCE 139 SOCIAL HIGHLIGHTS TOTAL VALUE DISTRIBUTED TO STAKEHOLDERS 1,229,102 1,219,453 SUSTAINABILITY COMMITMENTS 152 VALUE DISTRIBUTED TO EMPLOYEES 309,454 311,988 VALUE DISTRIBUTED TO SUPPLIERS 806,302 802,121 METHODOLOGICAL NOTES 158 VALUE DISTRIBUTED TO THE COMMUNITY (taxes, donations and sponsorships) 43,902 43,216 VALUE DISTRIBUTED TO LENDERS (shareholders and banks) 69,444 62,128 GRI CONTENT INDEX 160 INVESTMENTS IN RESEARCH AND DEVELOPMENT 32,036 32,260 INVESTMENTS IN TRAINING 2,392 2,069 CERTIFICATE OF COMPLIANCE 171 AVERAGE HOURS OF TRAINING 19.9 18.7 THE ENVIRONMENT, HEALTH AND SAFETY GREENHOUSE GASES (tCO2e) 22,705 28,818 ENERGY CONSUMPTION PER HOUR WORKED (kWh/no. of hours) 3.48 3.27 % ENERGY FROM RENEWABLE AND NUCLEAR SOURCES 38% 36% WASTE PRODUCED PER HOUR WORKED (Kg/no. of hours) 0.06 0.08 % WASTE RECOVERED 68% 48% INJURY FREQUENCY RATE - production sites 1.21 1.17 INJURY FREQUENCY RATE – offices 0.09 0.34 INJURY SERIOUSNESS RATE - production sites 52.23 72.76 INJURY SERIOUSNESS RATE - offices 1.34 3.61 1 Ansaldo STS in brief | The Pillars of Sustainability for Ansaldo STS Ansaldo STS | 2013 Sustainability Report The Pillars of Sustainability for Ansaldo STS • INTERNAL SUSTAINABILITY COMMITTEE Composed of the managers of the main company functions, this committee • FIGHT AGAINST CLIMATE CHANGE defines strategic guidelines, commitments and projects for sustainable Ansaldo STS reports on direct and indirect greenhouse gas emissions (Scope 1 development and social responsibility. It reports directly to the Chairman and CEO I, II and III) in accordance with the GHG protocol , undertaking to decrease and, through them, to the Board of Directors. these emissions, in part through people mobility policies, plans to cut energy consumption and improve efficiency, use energy from renewable sources and manage waste effectively. • MATERIALITY Ansaldo STS defines the content of the Sustainability Report by asking its stakeholders for their opinion on the different aspects to be considered in the • WORKERS’ HEALTH AND SAFETY report. This enables the company to more genuinely report on sustainability Promoting the health and safety of its workers is a strategic commitment for issues that affect its stakeholders’ judgements and decisions. Ansaldo STS. The company also tracks “near misses” – which are accidents without consequences resulting from undesired or unexpected situations, which could potentially harm people or things – to identify the appropriate solutions • STAKEHOLDER ENGAGEMENT before a real accident happens. Ansaldo STS is committed to understanding the needs and expectations of its people and involving them in projects to develop skills and expertise. It is focused on constantly monitoring its customers’ satisfaction and it promotes the • SUPPLY CHAIN SUSTAINABILITY company’s technological progress by participating in training and research projects Ansaldo STS is committed to defining, sharing and implementing a sustainability in collaboration with universities and institutions, particularly with respect to the roadmap for its supply chain to promote a sustainable business culture with its safety and energy efficiency of rail transportation systems. suppliers. This will progressively improve the economic, environmental and social impact (labour and safety practices, respect for human rights and the development of local communities) along the supply chain. • INTEGRATED ENVIRONMENT, SAFETY AND QUALITY SYSTEM Ansaldo STS has an integrated management system (“IMS”) for the environment, safety and quality, which integrates all group processes in one single structure, • SUSTAINABILITY COMMUNICATIONS AND DISCUSSION enabling the organisation to operate with shared objectives. It has also certified This is the fifth year that Ansaldo STS has prepared the Sustainability Report in its individual sites in accordance with UNI EN ISO 14001 and OSHAS 18001 accordance with the Global Reporting Initiative guidelines and with certification standards. by an independent auditor. Ansaldo STS has signed the Global Compact and is a founding sponsor of the Global Compact Network Italian Foundation. It also participates in the Carbon Disclosure Project and is on UNIFE’s Sustainable • INNOVATION, SAFETY AND RESPECT FOR THE ENVIRONMENT IN PRODUCTS AND Transport Committee. SOLUTIONS A section of its website is dedicated to sustainability, where it publishes a Ansaldo STS has invested approximately Euro 32 million in each of the past navigable integrated review of its report, supplementing information on operating, two years in research and development to supply its customers and end users social and environmental management. with cutting edge products and solutions, very best railway and urban rail transportation system design and construction methods and procedures to increase safety and reduce their direct and indirect environmental impact. 1. The Greenhouse Gas Protocol (GHG) is the most widely used international accounting tool for government and business leaders to understand, quantify, and manage greenhouse gas emissions. 2 3 Ansaldo STS in brief | Letter from the Chairman and CEO Ansaldo STS | 2013 Sustainability Report Letter from the Chairman and CEO We would like to take this opportunity to address everyone transport. An even more significant contract in Riyadh for the new metro who interacts and works with Ansaldo STS every day: the increase can be seen in emerging (line 3) and the first contract for new markets, while there are significant Tramwave® technology in the China, millions of passengers who transit safely using our railway opportunities in the US and for the city of Zhuhai. and metro transportation technologies, our customers, our Australia as well. Ansaldo STS shareholders, our men and women workers, institutions, our boasts strong roots on markets This demonstrates how Ansaldo STS partners and the communities and associations with which in industrialised countries, is well is a company of value, and what positioned on emerging markets is more, as demonstrated every we operate and collaborate and which continuously motivate and meets global demand by day by our people, it is a company us and provide us with invaluable recommendations. drawing on its demonstrated skills founded on values. These values and expertise in delivering on time represent who we are and explain Ansaldo STS management and all its employees are and on budget. why customers choose us and our products. They guide us in the committed to achieving strategic objectives for profitable In this highly competitive scenario, development of our abilities and they growth and ensure that they are in synergy with our the standardisation of certain help us grow. sustainability values, respect for the environment and quality products and innovation are crucial of life. elements which management knows Our values run alongside the “high how to manage. speed” track that we are on, with enthusiasm and dedication, as we Stefano Siragusa Sergio De Luca This mission is described in our is Ansaldo STS’ 2013 sustainability Ansaldo STS’ business model translate them, every day, into real CEO, Ansaldo STS S.p.A. Chairman, Ansaldo STS S.p.A. charter of values, which represents report dedicated to our stakeholders, is sound and validated by its action. who we are and reminds us why but it is written with and for them. leadership, making it possible customers choose us, why our to successfully offer global and These actions are aimed at growth, workers are so committed to Ansaldo STS’ presence on the integrated railway and metro keeping a close focus on customers, our company and that we are world’s leading markets ensures that transportation solutions for innovating and excelling, and we are “upstanding” people who do things we have the necessary solutions passengers and freight. aware that none of our objectives can the “right” way, working together to for customers and the various local be achieved by one person alone, but innovate and meet the needs of our companies seeking the benefits of 2013 presented changes and only by a group of people, including valued customers. technologies that improve the safety developments that led the company you, our stakeholders. and efficiency of railway and metro to focus
Recommended publications
  • 2014 Annual Report Asts Group
    Connecting Pieces of Your World 2014 ANNUAL REPORT ANSALDO STS GROUP 2014 Annual Report Ansaldo STS Group (Translation from the Italian original which remains the definitive version) Contents 1 Company bodies and committees 4 Directors’ report at 31 December 2014 2 Financial position and results of operations of the Group 6 2.1 Introduction 6 2.2 Key performance indicators 7 2.3 Net financial position 10 2.4 Non-IFRS alternative performance indicators 12 2.5 Related party transactions 13 2.6 Performance 14 2.6.1 The market and commercial situation 14 2.6.2 Sales information 15 2.6.3 Business performance 16 2.7 Reconciliation between the profit for the year and equity of the parent and the group at 31 December 2014 18 3 Key events of and after the reporting period 19 4 Risks and uncertainties 21 4.1 Strategic risks 21 4.1.1 Changes in the macroeconomic and market context and streamlining programmes 21 4.1.2 Innovation: a competitive factor 22 4.2 Operational risks 22 4.2.1 Country risk for new markets 22 4.2.2 Reliance on public customers and long-term contracts 22 4.2.3 Budgeting and risk management project planning 23 4.2.4 Third parties (subcontractors, sub-suppliers and partners) 23 4.2.5 Efficient technical operations and relevant technical references 23 4.2.6 Liability to customers or third parties for product defects or delivery delays 24 4.2.7 Legal disputes 24 4.2.8 Human resource management 24 4.2.9 Health, safety and environmental compliance 24 4.3 Financial risks 25 4.3.1 Ability to finance a high level of current assets and
    [Show full text]
  • 2018 FORM 20-F TIM S.P.A
    2018 FORM 20-F TIM S.p.A. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ‘ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR È ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2018 OR ‘ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from N/A to N/A OR ‘ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report Commission file number 1-13882 TIM S.p.A. (Exact name of Registrant as specified in its charter) Italy (Jurisdiction of incorporation or organization) Via Gaetano Negri 1, 20123 Milan, Italy (Address of principal executive offices) Piergiorgio PELUSO Head of Administration, Finance and Control TIM S.p.A. Corso d’Italia, 41, 00198 Rome, Italy +39.06.36.88.1 Carola Bardelli Head of Investor Relations TIM S.p.A. Corso D’Italia 41, 00198 Rome, Italy +39.06.36.88.1 [email protected] (Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person) Securities registered or to be registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered American Depositary Shares, each representing 10 Ordinary Shares (the “Ordinary Share ADSs”) The New York Stock Exchange Ordinary Shares (the “Ordinary Shares”) The New York Stock Exchange* American Depositary
    [Show full text]
  • 2017 Remuneration Report
    2017 Remuneration Report Approved by the Board of Directors on March 16, 2017 Mission We approach each challenge with innovative, reliable and secure solutions to meet the needs of our clients. Through multicultural working groups we are able to provide sustainable development for our company and for the communities in which we operate. Values Innovation; health, safety and environment; multiculturalism; passion; integrity. Countries in which Saipem operates EUROPE Austria, Belgium, Bulgaria, Croatia, Cyprus, Denmark, France, Italy, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Principality of Monaco, Romania, Spain, Sweden, Switzerland, Turkey, United Kingdom AMERICAS Argentina, Bolivia, Brazil, Canada, Chile, Colombia, Ecuador, Mexico, Panama, Peru, Suriname, United States, Venezuela CIS Azerbaijan, Georgia, Kazakhstan, Russia, Turkmenistan, Ukraine AFRICA Algeria, Angola, Congo, Egypt, Gabon, Ghana, Ivory Coast, Libya, Morocco, Mozambique, Namibia, Nigeria, Uganda MIDDLE EAST Iraq, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates FAR EAST AND OCEANIA Australia, China, India, Indonesia, Malaysia, Singapore, South Korea, Taiwan, Thailand 2017 Remuneration Report Letter from the Chairman of the Compensation and Nomination Committee 2 Foreword 3 Overview 4 2017 Remuneration Policy 4 2016 Remuneration Report (Section I) - Results of vote at Shareholders’ Meeting 5 Pay-mix 6 Section I - 2017 Remuneration Policy 8 Governance of the remuneration process 8 Bodies and persons involved 8 Saipem Compensation and Nomination Committee
    [Show full text]
  • UNIFE Annual Report 2014
    www.unife.org |[email protected] www.unife.org 26261261 +32 26261260|Fax: +32 Tel: B -1050BRUSSELS 11 221,BTE LOUISE AVENUE INDUSTRY THE EUROPEANRAIL UNIFE - 2014 Annual Report UNIFE Published in December 2014 by UNIFE – THE EUROPEAN RAIL INDUSTRY AVENUE LOUISE 221, BTE 11 B – 1050 BRUSSELS www.unife.org | [email protected] Tel: +32 2 626 12 60 | Fax: +32 2 626 12 61 Paper FSC certified recycled paper Images courtesy of Alstom AnsaldoSTS Bombardier DBS / René Strandbygaard European Commission Lucchini Knorr-Bremse / Oli Keinath / Die Hoffotografen NetworkRail / SNS Group Jeff Holmes NetworkRail / Kieran Dodds Siemens / R. Alan Adams UNIFE Vossloh / Andreas Labes 2 Annual Report 2014 Table of Contents Message from the Chairman and the C. TecRecs 52 Director General 4 D. Other Activities 53 UNIFE in 2014 7 UNIFE Research and Development A. Mission 8 Activities 55 B. Structure 9 A. Projects submitted under the first C. Committees and Groups 10 “Mobility for Growth” call of the European D. Presiding Board 13 Horizon 2020 Programme 56 Shift2Rail 15 B. Finalised European research projects 59 A. Shift2Rail: the new C. Ongoing European research projects European PPP for Rail R&D 16 coordinated by UNIFE 64 B. From the Commission’s proposal to the D. Ongoing projects with UNIFE establishment of the Joint Undertaking: involvement 67 the significant mobilisation of UNIFE on Signalling and ERTMS 73 Shift2Rail in 2014 18 A. Stabilising the ETCS specifications 74 European Affairs 23 B. European Laboratory Framework A. A new institutional landscape 24 Agreement 74 B. The Fourth Railway Package 25 C.
    [Show full text]
  • Annual Report 2015 Table of Contents
    2015 2015 Published in December 2015 by UNIFE – THE EUROPEAN RAIL INDUSTRY Avenue Louise 221, Bte 11 B – 1050 Brussels Tel: +32 2 626 12 60 | Fax: +32 2 626 12 61 www.unife.org | [email protected] Twitter: @UNIFE | LinkedIn: UNIFE Brussels Paper FSC® certified recycled paper Images courtesy of Alstom Bombardier Faiveley OBB European Commission European Railway Agency California High-Speed Rail Authority Sustainable Low Carbon Transport (SLoCaT) UIC EU Observer Railway Gazette Lesley Brown, Passion4Transport Sourcing Journal Online 2 Annual Report 2015 Table of Contents Message from the Director General . .4 . UNIFE IN 2015 . 7. RESEARCH. AND DEVELOPMENT ACTIVITIES . .57 UNIFE Mission . 8 Horizon2020 and Shift2Rail . 58 UNIFE Structure . .9 The European Rail Research Advisory Council Committees and Working Groups . 10 (ERRAC) . 64 UNIFE Presiding Board 2015 . 13 Seventh Framework Programme (FP7) . 65 Transport Research Arena (TRA). 73 EUROPEAN AFFAIRS . .15 . World. Congress on Railway Research (WCRR) . 73 Preparation of the Presidencies of the Council . 16 Industrial Policy . 17 SIGNALLING AND ERTMS . 75. Fourth Railway Package . 18 Technical activities - UNISIG in 2015 . 76 EU Investment Policy and Financing for Rail . 20 ERTMS Longer Term Perspective. 77 Stocktaking review of the 2011 Transport White ERTMS Political Activities. 77 Paper . 23 ERTMS Deployment statistics 2015 . 78 Urban mobility. 24 ERTMS Communications in 2015 . .80 Digitalisation . 25 Sustainable Freight Transport . 26 ERWA. 83 EU public procurement policy. 27 EU SME policy . 27 IRIS . .87 . 2030 Framework for Climate & Energy . 28 IRIS achievements and strategic development . 88 NRMM . .29 Increased global awareness of IRIS Platform for Electro-Mobility . .29 - focus on operators.
    [Show full text]
  • Connecting Pieces of Your World
    Connecting Pieces of Your World 2013 SUSTAINABILITY REPORT ANSALDO STS IN BRIEF 1 Performance indicators 1 The Pillars of Sustainability for Ansaldo STS 2 Letter from the Chairman and CEO 4 CONTENTS 6 COMPANY PROFILE 9 ANSALDO STS CORPORATE SOCIAL RESPONSIBILITY 19 THE ENVIRONMENT, HEALTH AND SAFETY 53 OUR PEOPLE 75 SUPPLY CHAIN 101 COMMUNITY 109 SUSTAINABILITY OF THE AUSTRALIAN BUSINESS 119 ECONOMIC PERFORMANCE 139 SUSTAINABILITY COMMITMENTS 152 METHODOLOGICAL NOTES 158 GRI CONTENT INDEX 160 CERTIFICATE OF COMPLIANCE 171 Ansaldo STS | 2013 Sustainability Report Ansaldo STS in brief Ansaldo STS is a technological company listed on the Milan Stock Exchange. It is active in the railway and urban rail transportation system market, designing and supplying traffic management and signalling systems and related services. It designs, builds and manages transportation and signalling systems for freight and passenger railway and urban rail lines. It is a general contractor, system integrator and supplier of large scale turnkey projects around the world. Performance indicators (K€) 31.12.2013 31.12.2012 FINANCIAL HIGHLIGHTS ACQUIRED ORDERS 1,483,587 1,492,346 ORDER BACKLOG 5,601,021 5,683,253 REVENUE 1,256,419 1,247,849 OPERATING PROFIT (EBIT) 118,093 117,073 PROFIT FOR THE YEAR 74,815 75,696 NET WORKING CAPITAL 21,027 (48,147) NET FINANCIAL POSITION (net cash position) (260,078) (301,982) SOCIAL HIGHLIGHTS TOTAL VALUE DISTRIBUTED TO STAKEHOLDERS 1,229,102 1,219,453 VALUE DISTRIBUTED TO EMPLOYEES 309,454 311,988 VALUE DISTRIBUTED TO SUPPLIERS 806,302 802,121 VALUE DISTRIBUTED TO THE COMMUNITY (taxes, donations and sponsorships) 43,902 43,216 VALUE DISTRIBUTED TO LENDERS (shareholders and banks) 69,444 62,128 INVESTMENTS IN RESEARCH AND DEVELOPMENT 32,036 32,260 INVESTMENTS IN TRAINING 2,392 2,069 AVERAGE HOURS OF TRAINING 19.9 18.7 THE ENVIRONMENT, HEALTH AND SAFETY GREENHOUSE GASES (tCO2e) 22,705 28,818 ENERGY CONSUMPTION PER HOUR WORKED (kWh/no.
    [Show full text]
  • Download the Annual Remuneration Report 2020
    TIM GROUP Draft Infrastrutture Wireless Italiane S.p.A. REPORT ON REMUNERATION POLICY 2020 AND REMUNERATION PAID Pursuant to Article 123-ter of Legislative Decree No. 58/1998 Report approved by the Board of Directors at its meeting of March 5, 2020 Infrastrutture Wireless Italiane S.p.A. Registered Office in Milan, Via Gaetano Negri 1 Share capital €600,000,000.00 fully paid up Tax code and registration number with the Milan Companies Register 08936640963 PEC (Certified e-mail) box: [email protected] CONTENTS INTRODUCTION ........................................................................................................................................................................ 3 INWIT 4 ORGANIZATIONAL STRUCTURE AND KEY MANAGERS...............................................................................................................6 SECTION ONE: 2020 REMUNERATION POLICY ............................................................................................................8 1. EXECUTIVE SUMMARY .................................................................................................................................................8 2. GOVERNANCE IN THE REMUNERATION PROCESS ........................................................................................................ 9 3. 2020 REMUNERATION POLICY GUIDELINES AND INSTRUMENTS ............................................................................... 12 4. REMUNERATION OF THE CHAIR, THE CEO AND GENERAL MANAGER AND THE KEY MANAGERS WITH
    [Show full text]
  • Third Supplement Dated 2 April 2020 to the EMTN Programme Prospectus Dated 25 June 2019
    Third Supplement dated 2 April 2020 to the EMTN Programme Prospectus dated 25 June 2019 TIM S.p.A. (incorporated with limited liability under the laws of the Republic of Italy) TELECOM ITALIA FINANCE S.A. (incorporated with limited liability under the laws of the Grand-Duchy of Luxembourg) €20,000,000,000 Euro Medium Term Note Programme unconditionally and irrevocably guaranteed in respect of Notes issued by Telecom Italia Finance S.A. by TIM S.p.A. (incorporated with limited liability under the laws of the Republic of Italy) This Third Supplement (the Third Supplement) to the EMTN Programme Prospectus dated 25 June 2019, as supplemented by a first supplement dated 18 September 2019 (the First Supplement) and by a second supplement dated 13 December 2019 (the Second Supplement, together with the First Supplement and the Third Supplement, the EMTN Programme Prospectus), constitutes a supplement to the EMTN Programme Prospectus for the purposes of Article 13.1 of the Law on Prospectuses for Securities dated 10 July 2005, as amended (the Luxembourg Law), and is prepared in connection with the Euro Medium Term Note Programme (the Programme) established by TIM S.p.A. (TIM) and Telecom Italia Finance S.A. (TI Finance). The Luxembourg Law remains applicable as at the date of this Third Supplement pursuant to Article 64 of the Luxembourg Prospectus Law dated 19 July 2019. Terms defined in the EMTN Programme Prospectus have the same meaning when used in this Third Supplement. This Third Supplement is supplemental to, and should be read in conjunction with, the EMTN Programme Prospectus and any other supplement to the EMTN Programme Prospectus.
    [Show full text]
  • Index No. 25538 Folder No. 11257 MINUTES of MEETING ITALIAN REPUBLIC on the 19Th (Nineteenth) Day of January 2017 (Two Thousand and Seventeen
    Index No. 25538 Folder No. 11257 MINUTES OF MEETING ITALIAN REPUBLIC On the 19th (nineteenth) day of January 2017 (two thousand and seventeen. In Genoa, at the offices of the "Fondazione Ansaldo - Gruppo Finmeccanica”, Villa Cattaneo dell'Olmo, Corso Ferdinando Maria Perrone number one hundred and eighteen, at eight minutes past eleven. Before me, PAOLO TORRENTE, a notary in Genoa, listed in the register of the United Notarial Districts of Genoa and Chiava- ri, the following person appeared - Alberto de Benedictis, born in Rome (RM) on the 17th (seven- teenth) of May 1952 (nineteen fiftytwo), domiciled for the purpose at Via Mantovani 3-5, Genoa. The said person, the personal identity of whom I, the notary, am certain, stated that he was acting in his capacity as Vice Chairman of the Board of Directors of the company "ANSALDO STS S.P.A.” (hereinafter also referred to as the “Company”(with headquarters at Via Mantovani 3-5,Genoa, registered capital €100,000,000.00, fully paid up and divided into 200,000,000 shares of a nominal value of €0.50 each, tax identification number and registration number at the Genoa register of compa- nies 01371160662, a company under the management and coordina- tion of Hitachi Ltd, and stated preliminarily that the ordinary shareholders' meeting of the said company had been convened at this place at eleven o’clock to discuss the agenda set out hereunder. The Vice Chairman firstly extended a cordial welcome to all participants, also on behalf of his colleagues on the Board of Directors, the Board of Statutory Auditors and Company person- nel.
    [Show full text]
  • 2017 FORM 20-F TIM S.P.A
    2017 FORM 20-F TIM S.p.A. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ‘ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR È ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2017 OR ‘ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from N/A to N/A OR ‘ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report Commission file number 1-13882 TIM S.p.A. (Exact name of Registrant as specified in its charter) Italy (Jurisdiction of incorporation or organization) Via Gaetano Negri 1, 20123 Milan, Italy (Address of principal executive offices) Piergiorgio PELUSO Head of Administration, Finance and Control TIM S.p.A. Corso d’Italia, 41, 00198 Rome, Italy +39.06.36.88.1 [email protected] (Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person) Securities registered or to be registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered American Depositary Shares, each representing 10 Ordinary Shares (the “Ordinary Share ADSs”) The New York Stock Exchange Ordinary Shares (the “Ordinary Shares”) The New York Stock Exchange* American Depositary Shares, each representing 10 Savings Shares (the “Savings Share ADSs”) The New York Stock Exchange Savings
    [Show full text]
  • Interim Consolidated Report As of June 30, 2015 001-058Saipemsem15ing.Qxd 6-08-2015 11:41 Pagina II
    001-058SaipemSem15Ing.qxd 6-08-2015 11:41 Pagina I Interim Consolidated Report as of June 30, 2015 001-058SaipemSem15Ing.qxd 6-08-2015 11:41 Pagina II Mission Pursuing the satisfaction of our clients in the energy industry, we tackle each challenge with safe, reliable and innovative solutions. We entrust our competent and multi-local teams to provide sustainable development for our Company and for the communities where we operate. Our core values Commitment to health and safety, openness, flexibility, integration, innovation, quality, competitiveness, teamwork, humility, internationalisation, responsibility and integrity. Disclaimer By their nature, forward-looking statements are subject to risk and uncertainty since they are dependent upon circumstances which should or are considered likely to occur in the future and are outside of the Company’s control. These include, but are not limited to: monetary exchange and interest rate fluctuations, commodity price volatility, credit and liquidity risks, HSE risks, the levels of capital expenditure in the oil and gas industry and other sectors, political instability in areas where the Group operates, actions by competitors, success of commercial transactions, risks associated with the execution of projects (including ongoing investment projects), in addition to changes in stakeholders’ expectations and other changes affecting business conditions. Actual results could therefore differ materially from the forward-looking statements. The financial reports contain in-depth analyses of some of the aforementioned risks. Forward-looking statements are to be considered in the context of the date of their release. Saipem SpA is under no obligation to review, update or correct them subsequently, except where this is a mandatory requirement of the applicable legislation.
    [Show full text]
  • Half-Year Financial Report at June 30, 2018
    HALF-YEAR FINANCIAL REPORT AT JUNE 30, 2018 CONTENTS INTERIM MANAGEMENT REPORT AT JUNE 30, 2018 The TIM Group ________________________________________________________________________________ 3 Highlights – Half-Year 2018 _____________________________________________________________________ 5 Consolidated operating performance _____________________________________________________________ 9 Financial and Operating Highlights of the Business Units of the TIM Group ___________________________ 15 Consolidated Financial Position and Cash Flows Performance ______________________________________ 24 Consolidated Data – Tables of detail ____________________________________________________________ 30 Events Subsequent to June 30, 2018 ____________________________________________________________ 38 Business Outlook for the Year 2018 _____________________________________________________________ 38 Main risks and uncertainties ____________________________________________________________________ 38 Main changes in the regulatory framework _______________________________________________________ 42 Corporate Boards at June 30, 2018 ______________________________________________________________ 45 Macro-Organization Chart at June 30, 2018 ______________________________________________________ 47 Information for Investors ______________________________________________________________________ 48 Related party transactions and direction and coordination activity __________________________________ 51 Alternative Performance Measures _____________________________________________________________
    [Show full text]