Fiat S.p.A.
Via Nizza 250, 10126 Turin, Italy
Share Capital: €4,465,600,020
Turin Companies Register/Tax Code 00469580013

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Mission

Fiat is a global group with a clear focus in the automobile sector. Through its various businesses, it designs, produces and sells automobiles and related components and production systems. Fiat was one of the founders of the European car industry and today, as a result of its partnership with Chrysler, has a manufacturing and commercial base of sufficient scale to compete as a global automaker.

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Index GRI-G3.1 | Ratings | News | Publications | Contacts

Corporate Governance and Sustainability

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Target exceeded		Target partially achieved
Target achieved or in line with plan		Target postponed

Best-in-class system of governance

Commitment: Develop and spread a culture of sustainability throughout the Group
Scope	Actions	2011 Results	Targets
Fiat Group	Increase in the number of Key Performance Indicators (KPIs) monitored	Additional KPIs monitored and reported in 2011 Sustainability Report following the publication of the GRI-G3.1 standard Maximum Application Level (A+) of GRI-G3.1 standard obtained, and confirmed in check conducted by GRI	2012: further increase in KPIs monitored
	Continuous improvement in sustainability performance	Fiat S.p.A. recognized as a sustainability leader and included in the indexes: Dow Jones Sustainability World and Dow Jones Sustainability Europe, Global 500 Carbon Disclosure Leadership, Carbon Performance Leadership, ASPI Eurozone, STOXX Global ESG Leaders, STOXX Global ESG Environmental Leaders, STOXX Global ESG Social Leaders, STOXX Global ESG Governance Leaders, ECPI Ethical Euro, ECPI Ethical EMU, FTSE ECPI Italia SRI Benchmark, FTSE ECPI Italia SRI Leaders Ethibel Excellence Europe and Ethibel Excellence Euro 8.7% of Fiat S.p.A. free float shares held by Socially Responsible Investors	2012: maintenance of the Group’s leadership in sustainability
	Introduction of women on the Fiat S.p.A. Board of Directors		2012: inclusion of women for 20% of the Fiat S.p.A. Board of Directors
	Assessment of Board of Directors performance		2013: independent assessment of Board performance
	Setting of minimum attendance requirement for Board of Directors meetings	Average attendance of members to Board of Directors meetings: 93%	2012: introduction of a minimum attendance (2/3 of meetings) requirement for Board meetings
Fiat Group (excluding Chrysler Group)	Integration of audit model	All standard audits extended to include assessment of ethical issues with particular reference to human rights, business ethics, conflict of interest, corruption and discrimination issues	2012: further extension of all standard audits to include assessment of sponsorships, donations and entertainment expenses, when consistent with the specific audit risk assessment 2012: analysis of Code of Conduct violations and remedial actions taken in order to assess their effectiveness
Fiat Group	Continuous update of compliance system to keep it aligned with international best practice		2012: integration of Chrysler Group and Fiat S.p.A. compliance systems (Finance, Internal Audit, ERM) 2012: update of risk audit map according to international legal framework developments (i.e., UK Bribery Act, Spanish Ley Organica, etc.)

Commitment: Continuously update the risk management system to remain aligned with best practice
Scope	Actions	2011 Results	Targets
Fiat Group	Continuous updating of the Enterprise Risk Management (ERM) system	Training courses on updated ERM system for all sectors (excluding Chrysler Group) delivered	2012: integration of ERM risk drivers for water-related risks 2012: integration of Chrysler Group in Fiat Group ERM
Fiat Group (excluding Chrysler Group)	Enhancement of capabilities and tools available to the Group for identifying, measuring, analyzing and managing pure risks with a focus on risks related to climate change, earthquakes, other environmental events	Climate change: brainstorming workshop with representatives of main Group functions held to identify, analyze and evaluate new potential industrial risks and mitigation actions associated with climate change	2012: development of a new quantitative methodology for identifying the main sites potentially exposed to meteorological risks in collaboration with an Italian specialized meteorological organization and a loss prevention consulting company
		Earthquakes: new methodology developed to identify sites potentially vulnerable to earthquakes and priority actions defined; pilot project conducted at 22 Italian Magneti Marelli sites	2012: implementation of 2 pilot projects outside Italy 2014: extension of methodology to significant Italian sites
		Environment: new methodology developed to identify, analyze and quantify insurable environmental risks; pilot project conducted at 3 sites
	Use of innovative software to provide real-time information within the Group on all pure risks (fire, explosion, natural disasters) affecting corporate assets and business continuity	VISIO@RISK software extended to all Group sites (excluding Chrysler Group) Extension of pure risks monitored through VISIO@RISK to include hailstorms and hurricanes	2012: consolidation of the use of VISIO@RISK through specialized training and activation of a dedicated help desk
Chrysler Group	Enhancement of capabilities and tools for identifying, measuring, analyzing and managing cyber or political risks		2012: analysis and assessment of cyber and political risks to evaluate the company exposure and management strategy