The Company is committed to a very strict engagement on any sustainability issue, not only at Corporate level, but also at Division level. is committed to a very strict engagement on any sustainability issue, not only at Corporate level, but also at Division level and the new admission to the Dow Jones Sustainability Index World and Europe managed by RobecoSam is evidence of such a commitment.
The Environmental, Social, Governance (ESG) criteria, key drivers and measure of Sustainability, are more and more used by a huge variety of stakeholders such as rating agencies, brokers, investment funds, Sustainable Responsible Investors (SRI), NGO etc. to evaluate and assess the risk level of an equity or other asset class.
ESG evaluation in the Aerospace, Defence and Security sector (A,D&S)
ESG criteria are differently set and structured depending on the nature of both the stakeholder and the target, differentiated by sectors and activity carried out.
In the A,D&S sector, historically one of the last included in the extra-financial assessment, the ESG criteria can be basically summed up in the following categories:
1. Responsibility and Climate Strategy
2. Environmental and Management Policy
3. Environmental Reporting
4. ESG features of product and processes
5. Design, development and production of new sustainable products
1. Corporate Citizenship and Philanthropy
2. Human Capital Development & Talent Attraction
3. Labour Practices and Human Rights
4. Health and Safety
5. Stakeholder Engagement
ECONOMIC DIMENSION & GOVERNANCE
2. Risk and crisis management.
3. Code of Conduct, Code of Ethics, Policy and Procedures
4. Export and trade compliance
5. Customer Relationship
6. Innovation management
7. Supply Chain
The origin of Sustainability Evaluation
ESG criteria and the extra-financial evaluation models stem from the wide sensitivity on big environmental issues of the ‘90s ( that influenced the Kyoto protocol ), as well as the advanced risk assessment for the evaluation of the financial capability evaluation of private and public investors by national and international financial institutions.
The World Bank Guidelines and procedures are an important benchmark in terms of ESG and Sustainability evaluations. These Guidelines are the reference for the financial analysis and due diligence carried out for WB project evaluation and financing worldwide.
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