RESPONSIBILITY. BELOW THE SURFACES
Panariagroup’s mission statement is about growing and creating well-being in harmony with the people and the environment, with openness, passion and love for our work. In order to achieve such targets, the Group aims to generate sustainable value for its shareholders, employees and business partners respecting society and the environment. The Group has a strong focus on research and innovation, and is resolute to satisfy the highest expectations in the fields of general well-being and of aesthetics, both for professional and private customers, in architecture or in the construction industry.
THE GROUP’S STAKEHOLDERS AND RELATIONSHIP CHANNELS
Stakeholders play a fundamental role in Panariagroup’s sustainable growth. Through their involvement and through consideration of their needs, the Group maintains a constant vision towards the different contexts in which it operates, working hard to consider their expectations, perceptions and priorities within the decision-making processes and in the definition of economic, environmental and social objectives.
In its Sustainability Report, Panariagroup has carefully identified the individuals or groups of individuals who have a relationship with the company and its activities, through an analysis that considered the following variables: tension, influence, responsibility and dependence.
This exercise was carried out taking into consideration the principles of the GRI Standards.
The result of this careful analysis of all the actors who gravitate around Panariagroup led to the identification of the stakeholders shown in the following chart.
In accordance with the GRI Sustainability Reporting Standards and Italian Legislative Decree 254/2016, Panariagroup carried out a materiality analysis with the aim of defining the sustainability issues relevant to the Group and its stakeholders. These are included in the 2018 Sustainability Report.
The materiality analysis aims to identify the most significant “material” economic, environmental and social aspects for the organization and its stakeholders. The result of this analysis, the Group’s materiality matrix, has therefore become the point of reference for all the activities carried out in the preparation of the Sustainability Report.
Panariagroup has identified the issues relevant to the Group and its stakeholders through a benchmark analysis of the sector that has considered the main national and international best practices, internal documentary sources (Code of Ethics, Code of Business Conduct, Organisation and Management Model 231 and other internal policies), external documentary sources (in particular GRI Standards publications), national and international sources related to sustainability issues (e.g. Global Compact, COP21 and SDGs), the European Commission’s Sustainable Finance Action Plan, the Recommendations of the Task Force on Climate-related Financial Disclosures and areas covered by Article 3 of Legislative Decree no. 254/2016.
In 2018, all the issues identified were subject to an assessment of relevance by stakeholders, through an online survey, in anonymous form, addressed to three main categories of stakeholders (Customers, Suppliers and Employees) in Italy, as previously anticipated. Their significance to Panariagroup was updated through direct involvement of the CSR Operational Committee, which expressed a qualitative assessment of the issues based on their knowledge and experience gained at the Group.
The results of the stakeholder engagement activity and the evaluation by the Group’s CSR Operational Committee have been grouped together in the following 2018 materiality matrix, approved by the Board of Directors.
Panariagroup aims to improve its impact on society from an economic, social and environmental point of view. This is why it has set a series of strategic targets to be achieved in the next few years.
WE SUPPORT UN GLOBAL COMPACT
Panariagroup joins the UN Global Compact. This is the largest corporate sustainability initiative worldwide and was set up by the United Nations. There are now 10,000 companies participating in 164 countries.
The UN Global Compact encourages its private sector participants to adopt policies in four fundamental areas: respect for human rights, fair labour standards, environmental sustainability and the fight against corruption. These translate into ten principles that member companies must adopt and respect in their approach to business, so that the ethics and values become an integral part of their strategies and operations, in full compliance with the principles of Corporate Social Responsibility.
Panariagroup, by adhering to the UN Global Compact, is committed to these fundamental rules and is open to comparison on decisive issues at the international level, while confirming their central role in the company’s development policies.