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Business Ethics

Business ethics permeates all our activities. Our value system, expressed to the full in the Code of Ethics, guides the conduct and management of the company in compliance with the principles of correctness and transparency, taking into consideration sustainability and corporate responsibility.

Business ethics represents a fundamental principle of our operations, also considering the strategic importance of the sector we operate in and the widespread nature of our activities across the country.

The ethical-reputational side, which we put before specific business needs, guides the definition of our strategic and operating choices, and represents a lever to ensure sustainable growth over the long term, at the same time ensuring the results expected by shareholders and sharing the value generated with all our stakeholders, also in environmental and social terms. In fact, one of the key factors of the Group’s reputation is its ability to conduct its business with fairness, propriety, transparency, honesty and integrity, in compliance with laws, regulations and international standards.

Adherence to the Code of Ethics and the ethical standards required to carry out the business guides the management choices of our Board of Directors, the behaviour of our people and relations with our suppliers.

The Code of Ethics is an integral and irrevocable part of the Organisation and Control Model pursuant to Legislative Decree 231/2001, which ensures the prevention of offences by directors or employees to benefit the company.

Tax Strategy and Tax Control Framework

The Fiscal Strategy has the objective of guaranteeing the correct determination and payment of the taxes due by law and overseeing the fiscal risk, understood as the risk of incurring in the violation of tax regulations or of operating in contrast with the principles or with the aims of the tax system.

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Our Code of Ethics

An essential element for the definition of a good corporate governance system, the Code of Ethics represents the value system underlying the Group's ethical culture and bases the conduct of business activities on the principles of sustainability and corporate responsibility.

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Anti-corruption

We consider the phenomenon of corruption a serious threat to the development of economic and social relations, and we combat it in dealings with public officials as well as with private individuals. We are committed to combating all forms of corruption, formalizing this commitment in specific procedures.

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Whistleblowing procedure

The Procedure for Managing Reports defines a process for receiving, analyzing, and determining actions regarding alleged irregularities with respect to the Code of Ethics, Model 231, and current regulations.

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Relations with suppliers

The supply chain is of strategic importance for the performance of our operational activities, and we engage with suppliers in a transparent manner. We ask our suppliers to acknowledge Model 231, comply with the legislation, and adhere to the principles of the Code of Ethics.

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