BUSINESS CONTINUITY

The Company adopts practices to ensure business continuity, that is, the ability to continue to deliver products and services at predefined levels under emergency conditions: a strategic management process for operating in an increasingly interconnected world. Specifically, a business continuity plan has been prepared with differentiated procedures and responsibilities depending on the type of emergency being dealt with and the characteristics of the operating sites. The cybersecurity risk assessment and related vulnerability mitigation actions help to avoid situations where production and systems come to a standstill.

On the business continuity front, in 2022 critical issues arose related to the procurement of raw materials and services and the associated increase in costs due both to the continuing pandemic and, more importantly, to the impact of the war in Ukraine with the associated massive increase in the cost of energy. Despite the complexity of this situation, the Company acted with pragmatism and flexibility to ensure the continuity of procurements and the supply to markets, resulting in growth in overall revenues.