21 SUSTAINABILITY IN OUR DNA Corporate governance: promoting sustainable success Sound corporate governance, integrated risk management, dialogue with stakeholders and fulfilment of the commitments made to society are the basis for our daily actions and determine our true value over time. We adopt a traditional governance model where the corporate bodies are represented by the Shareholders' Meeting, the Board of Directors and the Board of Statutory Auditors. All members of the company's governing bodies are leading figures in the finance and legal fields with proven technical skills and many years of experience. SHAREHOLDERS' MEETING APPOINTMENT Board of Statutory Auditors Boards of Directors Auditing Company Initially established in the form of a limited liability company, since the 1990s Guardini has taken the legal form of a joint-stock company while retaining a family base. Indeed, the company is run by Elena Guardini and Marco Guardini, Managing Directors, with the support of their father Giovanni Guardini, Chairman of the Board of Directors, and his wife Annamaria Terzano, in the role of Director (with a current term of office until 31/12/2022). Board of Directors Board of Statutory Auditors Number of members 4 5 of which women 2 1 of which men 2 4 aged < 30 < 50 years 2 2 aged > 50 years 2 3 The Senior Management is directly committed to verifying the effectiveness of the management system, ensuring that the guidelines on quality, social responsibility and safety of goods (ISO 9001, SA 8000, AEO), formally defined in the Company Policy and validated through the Management Review, are systematically implemented and applied at all company levels. Thanks to a system which has been consolidated over the years, the setting up of an internal Social Performance Team involved in monitoring activities, and the input of external consultants who assist the company on regulatory aspects, we identify and manage the risks to which we are exposed so that we can turn them into opportunities for growth and development. The frequent internal and external audits we undergo (by customers, certifying bodies, local health authorities, etc.) contribute to promoting the use of the process approach and risk-based thinking as part of continuous improvement. A relationship based on continuous dialogue at all levels of the organisation and the provision of dedicated channels enable the prompt communication of any critical issues identified to the relevant internal governing and administrative bodies. 20 Ethical and responsible governance We conduct our business in accordance with the principles of integrity, legality and accountability, which are preconditions for ensuring the generation of value in the short and long term. Regulatory compliance assumes greater significance in respect of the sectors for which our products are intended and the potential impacts caused to end customers. Resource and waste management for a circular economy We are committed to reducing the resources and raw materials used in the value chain and to implementing actions for reusing and recovering the waste and materials used in production. Technological innovation and digitisation The development of new technologies in industry at the same time as the digitisation of processes ensure the economic and environmental sustainability of our company, through greater production efficiency and better allocation of resources. Reducing the environmental impacts of production We recognise the impact of our business in terms of atmospheric emissions and we invest in research into systems to monitor consumption, improve plant efficiency and increase the renewable share within the energy mix. Responsible supply chain The sustainability profile of a company encompasses the management of its supply chain according to consistent principles, which include, in addition to legal regulatory compliance and protection of human rights, a focus on environmental and social aspects to reduce impacts along the entire value chain. Responsible marketing and sustainability awareness We have established a relationship of trust with our stakeholders by transparently communicating the impact of our products in the use phase and promoting sustainable consumption models through our sincere and concrete commitment. Health and safety at work As a necessary precondition for minimising exposure to occupational risks, safety is ensured through an effective prevention and protection system for workers and dedicated training and awareness-raising initiatives. Sustainable design This topic promotes sustainability throughout the product life cycle with the aim of reducing its overall environmental impact by minimising the consumption of raw material and the input of energy, using certified recyclable packaging and materials that guarantee quality and durability. Open innovation, inter-company collaboration and dialogue with associations With the aim of fostering a culture of innovation, supporting the growth of the sector and promoting the development of new business models, it is essential to have a shared approach aimed at the co-creation of sustainable solutions. Development and protection of human resources We believe that investing in human resources is a priority, promoting an inclusive work environment, ensuring equal opportunities and providing an improving work-life balance, for the well-being of workers and their communities. 2022 Sustainability Report
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