Rome 04 March 2021 12:12
- The aim of integrating the Financial Report with the Sustainability and Innovation Report is to offer stakeholders a complete, measurable, and transparent view of the value generated by the Company
- Alessandra Genco, CFO of Leonardo: “The Integrated Report is a guide to measure Leonardo’s commitment to sustainable growth in the long-term. The environmental and digital transition and the development of human capital will be Leonardo’s future investment guidelines.”
- Sustainability is the basis of the Company’s strategy, as defined by the Be Tomorrow – Leonardo 2030 plan
Leonardo is preparing its first Integrated Report, with the aim of offering in a single document, a complete, measurable, and transparent view of the value generated by the Company. It will also confirm the significance of sustainability within the Company’s strategy. This is a new approach to financial reporting, which will see the integration of economic-financial performance with achieved goals and future objectives on Environmental, Social & Governance (ESG) aspects. The first project of the Integrated Report will be submitted for the approval of the Leonardo Board of Directors at the next meeting on 9 March 2021.
“With the Integrated Report we intend to strengthen the sustainable development path undertaken by Leonardo”, – underlines Alessandra Genco, Leonardo’s Chief Financial Officer. “The future investments of the Company will be focused on environmental and digital transition technologies, people development and key skills. The Integrated Report will be fundamental in providing holistic representation of the Company’s development strategies and performances achieved. This will mark the way we co-create innovative solutions with our partners throughout the supply chain and through the scientific research ecosystem, and by the way in which we operate responsibly in the Countries where we are present, through the use we make of our precious capital, not just the financial ones. Integration is, ultimately, a strategic choice in a long-term in support of our competitiveness”.
An integrated approach to financial reporting reflects the increasingly widespread need, at a national and international level, for a new business model which is based on a business management paradigm that is capable of generating shared value, thanks to the pursuit of sustainability goals.
The World Economic Forum defines the reporting framework that Leonardo has decided to adopt in the drafting of the Integrated Report as “Stakeholders Capitalism”, which is based on four pillars: the Principles of Governance, People, Planet and Prosperity. In the report, Leonardo will leverage consolidated standards to ensure relevance, comparability and transparency of information and metrics, as well as specific indicators that help to understand the specifics and impacts of a company like Leonardo. Among the standards used, include the Global Reporting Initiative (GRI), the most widespread in the world for sustainability reporting, the A&D sector metrics identified by the Sustainability Accounting Standard Board (SASB), the capital model promoted by the International Integrated Reporting Council and the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD).
The Integrated Report follows important recognitions achieved by Leonardo in the field of ESG: the reconfirmation as Industry Leader in the Aerospace & Defense sector of the Dow Jones Sustainability Indices, the Company’s inclusion in the highest range of evaluation of CDP (former Carbon Disclosure Project) and in the Bloomberg’s Gender Equality Index 2021. Leonardo has been recognised as UN Global Compact Lead, the only one among the ten largest companies in the aerospace and defence sector, and has also committed to the work of the CFO Taskforce of the Global Compact, to contribute to a new sustainable finance model. Finally, Leonardo has reached the highest level in the Defence Companies Index on Anti-Corruption and Corporate Transparency (DCI), elaborated by Transparency International, thanks to the adoption of more stringent anti-corruption policies and a significant increase in its levels of transparency.