MANNI GROUP SUSTAINABILITY POLICY: A RENEWED COMPANY SUSTAINABILITY COMMITMENT

Feb 5, 2021

Last November, Manni Group renewed its Sustainability Policy, the document guiding the company to achieve the Sustainable Development Goals established in the 2030 Agenda of the UN.

The “sustainability” concept has a special meaning for Manni Group: it is not just something to be done, it is a way of working, paying the right attention to all the requests and impacts generated by how it operates. In all aspects.

The Group bases its ability to generate lasting, shared value with all Stakeholders for the choices, actions, activities and projects performed as an organisation.

The global social and economic structure makes a holistic approach to business necessary, embracing its complexity and considering all the social, ethical, cultural, environmental and economic aspects that necessarily accompany the company. Manni Group is committed to reducing its environmental impact, to the continuous improvement of performance and adoption of best practices oriented towards generating value for the company and its Stakeholders.

REDEFINING THE SUSTAINABILITY POLICY

Together with Innovation and Internationalisation, Sustainability is one of the development drivers of Manni Group. How is that applied? Through the guidelines established in the Sustainability Policy: a document providing long term guidelines for company development and related projects, explaining the strategies for creating a business model that operates harmoniously with the surrounding social, cultural and environmental context.

After a long, careful analysis, Manni Group updated its Sustainability Policy in November 2020.

The updating process

When formulating the sustainability strategies contained in the Policy, the following were considered: the principles of the circular economy, the Sustainable Development Goals promoted by the United Nations and the European Green Deal, as well as the Universal Declaration of Human Rights.

Furthermore, the important subjects were identified through a participative process; that is those subjects that could influence the Group’s activities in the long term, considered of interest by the company itself and its Stakeholders. As its objective is to guide company strategies and guarantee lasting growth, the Sustainability Policy indicates how to manage anything that could influence company results.

Manni Group’s commitment is to update its Sustainability Policy each time there is a change in the requests made by Stakeholders to the Group, at least every 3 years.

FOUR STRATEGIC AREAS

The strategic guidelines of the Sustainability Policy are divided into four macro-areas, centring 8 of the 17 Sustainable Development Goals established by the 2030 Agenda: Governance, Circular Economy and Innovation, People, Energy and climate.

1. Governance

Manni Group adopts a governance model with a dynamic inter-functional structure involving both top management and the internal structure. In order to share the company’s sustainability goals with all Stakeholders and guarantee an informed, responsible, participative decision-making process. The organisation is effective and transparent, and inspires the medium and long term actions.

One of the main development drivers is Internationalisation. This enables the Group to diversify its activities geographically, splitting risks and investments, measuring itself with the different cultural contexts and enhancing its human capital in an international context.

Lastly, the company expands its chain responsibility up to managing the entire life cycle: selecting its suppliers based on their socio-environmental performances, as declared in the Sourcing Policy, undertaking to know and duly consider the impacts of the entire chain.

2. Circular Economy and Innovation

Manni Group is inspired by the principles of the circular economy to minimise the consumption of natural resources and production of waste, and push to create a totally circular steel sector. To implement this change it invests in Research and Development, using the Life Cycle Analysis (LCA) as a tool to orient its operations. It considers collaboration with partners and suppliers as indispensable for achieving its Sustainability Policy goals.

To create a circular building model, the Group develops off-site and dry building systems as concrete tools used to decarbonize the sector. It also sustains the spread of sustainability rating systems for buildings as a way to assess and minimise environmental impact, and guarantee the healthiness of environments and the well-being of end users.

3. People

Human capital is considered the most important strategic asset for correctly managing and innovating business: Manni Group recognises that people and their diversity are a resource for company resilience. To counter any form of discrimination in the work place, it recognises gender differences and safeguards equal opportunities, maternity and paternity, encouraging the spreading of welfare policies.

Safeguarding collaborator rights and health are indispensable, overriding objectives: the Group maintains its health and safety standards high to guarantee business continuity, even in extraordinary situations.

Lastly, the importance of training: the company develops the competences of its personnel encouraging professional and cultural growth and sustains sharing knowledge in the company, guaranteeing continuity; it sustains the transversal mobility opportunities in the Manni Group companies as an opportunity for personal growth, to develop skills and contamination between the different business models; it therefore promotes a collaborative, synergic work environment

4. Energy and climate

Fighting climate change is of fundamental importance for the Group and it adopts a number of measures to help decarbonize the energy system.

It develops energy production solutions from renewable sources, makes every effort to guarantee maximum energy efficiency in production and adopts accountable objectives to reduce its own and chain emissions, consistent with the Paris agreements.