Cattolica and the Environment

The negative consequences of the productive activities of man on ecological-environmental variables and the growing manifestations of the progressive deterioration of the quality of life on the planet are issues of such decisive political and social importance that they are not only central to political debate, but also to the sphere of collective feeling. Expressions such as global warming and climate change are now part of everyday language and testify the pivotal importance of these concepts and the phenomena they describe.

The idea that the way in which markets function and the conduct of companies are decisive in changing - positively or, more often, negatively - the overall state of the ecosystems in which they operate - or in which the effects of their activities are manifested - is now dominant. While it is true that environmental variables are a source of a multitude of risks and opportunities that businesses must recognise and manage, it has also been demonstrated that there is still a dangerous mismatch between the short-term perspective of markets (and the political systems interconnected with them) and the long-term time horizon that the Earth and its ecosystems require to absorb and balance the effects of human activities.

Cattolica maintains the firm belief that business should be conducted in an environmentally-friendly manner, in full compliance with national and international regulations and with a voluntary commitment guided by prevailing best practices. 

To this end, Cattolica has issued two specific Environmental Policies, renewed its membership in CDP, obtaining a B- score in the climate change area, and started a carbon neutrality process. It has also begun work analysing, evaluating and organisationally structuring itself in order to be compliant with the recent introduction of the European Taxonomy of ecocompatible economic activities foreseen by the EU Regulation 852/2020.

The Company has continued its commitment to efficient management of the resources used, to reduce waste and minimise negative externalities. It has acquired catastrophic coverage for risks of earthquake, floods, storms, tornadoes and hail (not agricultural), with monthly monitoring of the catastrophic events which exceed set performance thresholds, so as to identify potential events with high negative impact.

The data reported within this section include the management offices of Verona, Rome, Milan. Together with the executive offices, the data include the Cattolica Center of Verona and the Agricultural estates. The area of Verona is the most significant, as it includes the operational headquarters of Lungadige Cangrande and Via Fermi, in addition to the aforementioned Cattolica Center.

The figures relating to peripheral units (offices located in private buildings) remain excluded, since their environmental impact is insignificant.

For more information on the Tenute estates and the relative energy and water consumption please see the dedicated section.