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.
2020 MATERIALITY MATRIX
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.
The materiality analysis aims to identify the aspects which reflect the significant economic, environmental and social aspects for the organization and which have a major influence on stakeholder assessments and decisions.
There were no significant structural changes during 2020 that might alter the Group’s strategic and operational approach, and the issues that emerged as material from the 2019 analysis were in line with the priorities of the Group and its stakeholders. The 2020 materiality matrix, which was unchanged from the previous year, was validated by the Control and Risk Prevention Committee on 12 March 2021. Engagement activities conducted during 2019 were aimed directly at the Employee stakeholder category, with more than 200 participants, and at the Group’s top management with more than 20 participants.
The results that emerged from the activities described above have been aggregated with the results that emerged in previous years and incorporated into the 2020 materiality matrix.
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.
OUR COMMITMENT TO PEOPLE AND THE PLANET
The Sustainable Development Goals – SDGs – are a set of 17 goals defined within the United Nations with the aim of guiding Countries and organizations around the world on a path towards reducing inequality, promoting economic prosperity and social development, and protecting the environment. Each goal includes 169 specific targets and together they make up the core elements of the 2030 Agenda for Sustainable Development. We have aligned ourselves and identified the most significant SDGs in relation to the impact we generate on the local area.
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.