Process for the Sustainability Plan 

The commitments, actions and targets in the Sustainability Plan are initially defined on the basis of the areas for improvement identified by the Sustainability Unit (SU) in collaboration with the sectors and central functions (planning phase).

In support of that activity, throughout the year the SU monitors the performance of best-in-class competitors and the assessments by the principal sustainability rating agencies, international organizations and Socially Responsible Investors with whom the Group has a relationship.

The draft Sustainability Plan is submitted for the approval of the Group Executive Council (GEC), which evaluates its consistency with Group strategy and makes appropriate recommendations.

The Plan approved by the GEC is then evaluated by the Nominating, Corporate Governance and Sustainability Committee that grants the formal approval.

Responsibility for individual projects and achievement of the targets in the Sustainability Plan rests with the various sectors or corporate functions which have the resources, tools and knowledge necessary for their implementation (management phase).

As a further guarantee of adherence to the commitments made, the Sustainability Unit is periodically updated on the status of projects and, in turn, updates the GEC (control phase).