Dear Stakeholders,
The presentation of our Sustainability Report is an opportunity for me to reach out and take stock of the events of the previous year, describing – albeit in just a few lines – the commitment to sustainability adopted by every one of us at the ASTM Group as part of our daily work.
Sustainability has firmly taken root in our organisation both in Italy and abroad, representing a catalyst for growth, transformation and competitiveness.
This is the seventh edition of our Sustainability Report and we are continuing to add topics each year: from climate action to technological innovation, from diversity and inclusion to human rights, from environmental protection to corporate governance systems.
ASTM is a global player in the infrastructure sector with operations in Europe, Brazil and United States.
We engage with a diverse range of stakeholders from across the world on a daily basis: employees and collaborators, suppliers, institutions, clients, motorway users and local communities.
And we feel a responsibility to each one of them to approach our business soundly and robustly. We are increasingly aware of the need to grow our responsibility to the community, and the actions we take to promote sustainable and inclusive development must meet the expectations of our stakeholders.
The economic and cultural evolution of modern society requires businesses that operate on the market to act not only as economic operators, but as a social institution. It is a new dimension, one that requires businesses to shoulder responsibility and drives us towards new horizons and increasingly ambitious targets. In response, we are investing in research to identify new technological solutions to improve transport and mobility, to develop increasingly green and sustainable infrastructure, and to play an active role in the modernisation of the countries in which we operate.
The pages that follow describe our activities and performance in 2022, with a view to representing the Group’s commitment to an increasingly conscious and socially responsible approach to management.
In this regard, I’d like to highlight just some of the key elements that encapsulate our commitment.
In particular, we continued our internal communication campaign aimed at engaging all of our employees on the topic of sustainability; we signed the Disability Agenda with the aim of promoting greater awareness of the issue and implementing concrete initiatives to promote the inclusion of people with disabilities; when defining our emission reduction targets approved by the Science Based Targets Initiative (SBTi), we identified new initiatives to reduce Scope 1, 2 and 3 emissions; and finally, in 2022 ASTM was confirmed as a global leader in the fight against climate change by the Carbon Disclosure Project (CDP) in recognition of our actions to reduce emissions and mitigate climate risks.
These are just some of our achievements this year which, I hope, offer a clear representation of our way of doing business.
We want to create value. For the company and its shareholders, for employees and their families, for suppliers, for communities, for the regions in which we operate. To this end, we are constantly regenerating our approach to business, promoting an internal culture in which our actions are inspired by respect for people and the environment.
This is our aim. And it is this aim that we wish to be measured by, both with regard to ourselves and to our Stakeholders.

Umberto Tosoni
Chief Executive Officer

Expectations

• Road and infrastructure safety
• Quality and continuity of the motorway infrastructure management service
• Quality, safety and impacts of constructions

Ways of involvement

• Customer experience
• Organization of joint projects
• Involvement in identifying material ESG issues

Expectations

• Meritocratic and transparent selection process
• Compliance with all competition and antitrust laws
• Sharing of values in the development of corporate strategy and management
• Protection of health and safety in the workplace
• Creation of shared value

Ways of involvement

• Definition and sharing of standards
• Involvement of contractors and subcontractors in HSE initiatives
• Dedicated meetings
• Involvement in identifying material ESG issues

Expectations

• Compliance with legislation in all countries where the Group operates
• Collaboration, technical support and information sharing
• Participation in the territorial planning of activities

Ways of involvement

• Dedicated institutional meetings
• Work tables and conferences
• Cooperation with local authorities and governments for health and safety prevention campaigns
• Involvement in identifying material ESG issues

Expectations

• Health and safety in the workplace
• Diversity, inclusion and equal opportunities
• Meritocratic professional development
• Participation in company life
• Work-life balance
• Stability

Ways of involvement

• Internal communication activities also through the company intranet
• Training courses
• Institutional channels of communication, including social media
• Engagement Survey on specific issues
• Meetings with trade union representatives
• Involvement in identifying material ESG issues

Expectations

• Research support

Ways of involvement

• Partnership and sponsorship for research
• Partnership for internship activities
• Involvement in identifying material ESG issues

Expectations

• Creation of shared value
• Listening to requests and local representatives
• Contribution and support to local initiatives
• Access to information and intervention planning
• Protection of cultural heritage and the environment
• Protection of health and safety

Ways of involvement

• Constant dialogue
• Support for local initiatives
• Involvement in identifying material ESG issues

Expectations

• Completeness, transparency and timeliness of information
• Accessibility and usability of information
• Possibility of dialogue with the top management

Ways of involvement

• Institutional communication channels
• Press releases
• Events
• Constant dialogue
• Interactions with top management
• Involvement in identifying material ESG issues

Expectations

• Creation of shared and sustainable value in the medium to long term
• Corporate Governance and risk management
• Transparency and timeliness in the information on company performance
• Compliance with contractual targets (“covenants”)

Ways of involvement

• Dialogue through the Investor Relations function
• Press releases
• Institutional communication channels
• Shareholders’ Meeting
• Dialogue with financial and ESG rating agencies
• Involvement in identifying material ESG issues