G for Governance

Material topics

Long-term value creation and business sustainability

ESG Corporate Governance/Risk Management/Compliance

Cybersecurity and data protection

The Importance of Governance

When analysing environmental, social and governance factors, the “G” factor is often relegated to second place behind the consideration of risks and opportunities related to the environment, represented by the letter “E ”, and social aspects, represented by the letter “S ”. However, “good corporate governance” is the cornerstone of a sound system both from a general and ESG point of view.

RadiciGroup:

Sees the active participation of top management in sustainability policies

It understands business sustainability not only in terms of return on invested capital, but also in terms of sharing added value with stakeholders.

It uses robust management systems in each company to base its choices and operations on recognised models aligned with international best practices .

It increasingly considers digitisation not only as a part of business management, but as an enabling factor of its sustainability policies, and potentially increasingly strategic.

We want to be there... for the long term

In RadiciGroup's vision, the creation of long-term value in a logic of sustainability goes far beyond the concept that the profit generated must exceed the costs incurred to obtain it. The economic dimension, which is focussed on increasing profit, is combined with the environmental and social dimensions, which have the ultimate goal of generating positive external effects that benefit people, the community and the planet . In addition, this approach requires that the sustainable value created be shared , both materially and immaterially, with the stakeholders (employees, customers, suppliers, communities, public authorities) who have contributed to the Group's success.

By translating these principles into tangible actions, RadiciGroup pursues a logic of prudent investment with a medium- to long-term return without chasing immediate profit. This provides “breathing space” for the projects undertaken, and is a guarantee of security and continuity for RadiciGroup employees as well as suppliers and customers.

In 2022, the geopolitical and trade scenario was complex, as already mentioned, due to the cost of energy and raw materials and the conflict in Ukraine, which accelerated the already existing dynamics of instability. Nevertheless, the Group's overall financial results remained positive and the environmental investment policy that has long characterised RadiciGroup's activities continued. This is driven by an ethical commitment to sustainability, the demands of strategic markets and increasingly pressing European legislation to transform the EU into a low-carbon, resource-efficient, green and competitive economy.