Every day, we design, build and manage infrastructures that foster economic growth and strengthen the competitiveness of territories thereby promoting their sustainable development.
For us, sustainability means first and foremost responsibility, and a solid, transparent and effective governance model guides our decisions according to a long-term strategic vision.
The ASTM corporate governance system is inspired by the highest standards of transparency and correctness and guided by the Corporate Governance Code, in order to ensure compliance with the ethical values and principles to which ASTM aspires in its relations with all stakeholders. The company is guided by principles of integrity and transparency in establishing an administration and control structure which is appropriate for its size, complexity and operational configuration, and in adopting an effective internal control and risk management system.
Integrating sustainability into decision-making processes is a fundamental pillar of our governance model. We have defined roles and responsibilities in relation to ESG issues and have adopted policies, procedures and management systems to ensure the integration of sustainability principles into the business model.
Reports on the Consolidated Sustainability Statement in its annual report to the Shareholders’ Meeting, as part of the performance of the functions assigned to it by law.
Defines strategic directions, plans and policies for sustainability and monitors their implementation.
Approves the double bottom line analysis and the Consolidated Sustainability Report.
Oversees ESG issues, reviews the plan and the consolidated Sustainability Report, including the double relevance analysis, prior to Board approval.
Assesses the Consolidated Sustainability Report, including the dual materiality analysis, for the purposes of the internal control and risk management system.
Identifies sustainability targets consistent with the Group’s strategy for incorporation into the remuneration policy.
Contributes to the definition of the sustainability strategy, coordinates the process of double relevance analysis and the drafting of the Consolidated Sustainability Report. Certifies together with the CEO that the Consolidated Sustainability Report is prepared in accordance with relevant regulatory requirements.
The bodies described above contribute to ensuring that the impacts, risks and opportunities affecting ASTM and the Group’s companies are monitored, each within its own area of competence.
We are committed to establishing and maintaining an open and transparent dialogue with our stakeholders, i.e. all those who participate in or are affected by our activities. This allows us to identify the most significant sustainability issues and assess how best to integrate them into the Group’s strategy, operating plans and impact, risk and opportunity management activities.
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Expectations
Methods for engagement
Expectations
Methods for engagement
Expectations
Methods for engagement
Expectations
Methods for engagement
Expectations
Methods for engagement
Expectations
Methods for engagement
Expectations
Methods for engagement
Expectations
Methods for engagement
As of 2022, we have started the path towards dual materiality analysis in accordance with the European Sustainability Reporting Standards (ESRS) and the EFRAG IG 1 guidelines: Materiality Assessment Implementation Guidance”.
With a view to continuous improvement, we have progressively refined the process and methodological aspects with the aim of increasingly identifying relevant Impacts, Risks and Opportunities (IROs) for the Group.
The Group’s remuneration system is designed to foster alignment between the creation of economic value and environmental and social sustainability goals. As of 2019, we have integrated ESG objectives into the incentive plans of executive directors and top management, in order to steer strategic decisions towards results that combine growth and responsibility.
Subsequently, we introduced a sustainability dimension in the performance appraisal system for managers and middle managers, with the aim of extending the commitment also to employees.
We ensure an integrated approach to risk management and internal control of financial and sustainability reporting: ESG risks and opportunities are an essential component of our Enterprise Risk Management model, also for the purpose of dual materiality analysis.
To reinforce this approach, environmental and climate risk analysis is integrated into the design and implementation of operations that contribute to the improvement of the quality and resilience of works.
The Group’s sustainability policies define the values and principles that guide every decision in the environmental, social and governance spheres, ensuring consistency between our actions and our commitments to internal and external stakeholders.
For information on the certifications of the other Group companies, please refer to the Consolidated Sustainability Report included in the Management Report of the ASTM Group Financial Statements and to the websites of the individual companies.
