Governance of the CSR

Cattolica has always considered a strong and effective governance of sustainability issues as essential and has worked to ensure a clear and transparent allocation of prerogatives and responsibilities among the various corporate units, while maintaining a direct link with top management to guarantee the necessary support in the assessment, decision-making and implementation phases of initiatives and projects. Only effective and balanced governance can preserve the strategic connotation and long-term perspective underlying the idea of sustainability.

The current governance model is shown in the diagram below, including the newly-established ESG Committee which strengthens the monitoring of sustainability issues.

Board of Directors: represents the apex of CSR governance and the ultimate benchmark for strategic ESG planning. The Board approves the NFS, the Sustainability Policies and all acts and initiatives within its decision-making scope.

Managing Director: responsible for reviewing the NFS before it is presented to the Committee for Corporate Governance, Sustainability and Value Generation and is a point of reference for the activities of the CSR Unit, which regularly updates him on the ongoing and scheduled initiatives. 

Committee for Corporate Governance, Sustainability and Value Generation: the internal Board committee in charge - inter alia - of sustainability and corporate responsibility. It has proactive, advisory and guidance functions regarding the strategy, the policies and the activities of Cattolica’s corporate sustainability.

ESG Committee: this committee was established in October 2021 in order to monitor the sustainability issues related to the company’s business. This managerial committee is chaired by the Managing Director and seeks to integrate environmental, social and governance factors into the company’s strategy, ensuring adequate monitoring of the initiatives and actions that have an impact in each of these areas, as well as the assessment, management and mitigation of the related risks.

CSR - Corporate Sustainability and Responsibility Unit: reporting directly to the Communication and Institutional Relations Department, it has the task of developing and coordinating sustainability projects and activities for the Group and is responsible for the design and drafting of the NFS. The Unit’s objective is lastly to promote and disseminate a corporate culture oriented towards sustainability within the organisation.

CSR inter-functional team: under the leadership of the CSR Unit, it connects the same Unit and the individual subjects responsible for data and information (data owners), who are part of the multiple corporate units and areas involved, ensuring the prompt and efficient transmission of the qualitative and quantitative data necessary for the preparation of the NFS. The team is a key hub for a shared and widespread sustainability governance; its composition is updated annually.