GEDI Gruppo Editoriale S.p.A. formerly Gruppo Editoriale L'Espresso S.p.A Sustainability Report 2016 Sustainability Report 2016 Contents Contents ...................................................................................................................................................... 2 Letter to Stakeholders ............................................................................................................................... 4 Methodology ............................................................................................................................................. 5 Introduction ................................................................................................................................................ 7 CHAPTER 1 – GEDI Gruppo Editoriale S.p.A. ................................................................................................ 9 Group Profile ................................................................................................................................................. 9 The main activities of GEDI ........................................................................................................................ 9 Key historical milestones ......................................................................................................................... 13 The Group’s commitment to sustainability ................................................................................................. 15 Group stakeholders and engagement activities ...................................................................................... 15 Materiality analysis .................................................................................................................................. 16 Governance and integrity ............................................................................................................................ 17 The Governance model ........................................................................................................................... 17 Internal control and risk management system ....................................................................................... 18 The media industry and the Group’s business model ................................................................................. 21 The business model and strategy ............................................................................................................ 21 The digital evolution ................................................................................................................................ 21 Group economic performance .................................................................................................................... 23 Financial highlights .................................................................................................................................. 23 Economic Value of the Group .................................................................................................................. 24 CHAPTER 2 - Informing the citizen-reader and responsibility to the general public .................................. 26 Content quality ............................................................................................................................................ 26 Independence and editorial responsibility .................................................................................................. 26 Responsible advertising and marketing ...................................................................................................... 28 Privacy and data protection ........................................................................................................................ 29 CHAPTER 3 - Social role and participation in the community .................................................................... 31 Repubblica@Scuola ..................................................................................................................................... 31 R.it Mondo Solidale ..................................................................................................................................... 32 La Repubblica delle Idee .............................................................................................................................. 32 Petaloso sarai tu .......................................................................................................................................... 33 2 Sustainability Report 2016 Food & Health .............................................................................................................................................. 33 Secondo natura, la medicina tra Hi-Tech e sentimenti ............................................................................... 33 Oncoline - Chiudi la porta, salvati la vita ..................................................................................................... 34 Guide di Repubblica and Guide dell’Espresso ............................................................................................. 34 40 years of Repubblica ................................................................................................................................ 34 Repubblica’s new cultural supplement: Robinson ..................................................................................... 34 Other initiatives ........................................................................................................................................... 35 Radio initiatives ........................................................................................................................................... 36 CHAPTER 4 - Focus on human resources ................................................................................................... 39 Working conditions and practices ............................................................................................................... 39 Diversity and equal opportunities ............................................................................................................... 41 Enhancement and development of skills .................................................................................................... 42 Worker health and safety ............................................................................................................................ 43 CHAPTER 5 - The Group’s environmental impact ...................................................................................... 45 Paper management and process efficiency ................................................................................................ 45 Paper management ................................................................................................................................. 45 Group energy consumption ..................................................................................................................... 46 Waste management ................................................................................................................................ 48 Greenhouse gas emissions and electromagnetic pollution ........................................................................ 49 Greenhouse gas emissions ...................................................................................................................... 49 Environmental impact of radio activities ................................................................................................ 50 Group water consumption ...................................................................................................................... 51 Environmental impact of distribution and logistics .................................................................................... 51 Attachments ............................................................................................................................................. 52 Human resources ......................................................................................................................................... 52 Training ........................................................................................................................................................ 53 Health and safety ......................................................................................................................................... 53 Environment ................................................................................................................................................ 54 Scope of material aspects of GEDI ............................................................................................................. 56 Table of GRI indicators .............................................................................................................................. 57 3 Sustainability Report 2016 Independent Auditors’ Report .................................................................................................................. 62 Letter to Stakeholders Carlo De Benedetti Monica Mondardini Espresso Group Chairman Espresso Group Managing Director GEDI Gruppo Editoriale S.p.A. is committed to offering information, culture, opinions and entertainment through its media in accordance with the principles of independence and freedom, with the awareness of the role that this