Atlantia has embarked on a process of increasingly integrating financial and non-financial reporting, resulting in the replacement of the previous two documents, the Annual Financial Report and the NFS, with the Group’s first Integrated Annual Report for 2020. The new Report aims to provide to its large network of stakeholders with a single document that gives a transparent, detailed presentation of the Group’s overall performance, the operating environment, strategies, the main risks to which the Group is exposed and the corporate governance system and remuneration policies.
The document clearly explains Atlantia’s strategic guidelines and the new sustainability plan. The latter was drawn up following a structured internal consultation process, involving the active participation of the Board of Directors, the management teams at Atlantia and the Group’s principal subsidiaries, and external engagement with investors, ESG rating agencies, academics, companies from the sector, experts and policymakers. As part of this process, Atlantia also reviewed the Company’s materiality matrix in order to more accurately define the priorities on which to base our long-term commitments.
Atlantia’s Integrated Annual Report also meets the requirements of Legislative Decree 254/2016, which has transposed Directive 2014/95/EU on non-financial reporting into Italian law. The Report thus includes a specific section called Non-financial Statement (“NFS”) drafted in compliance with the guidelines of the Global Reporting Initiative (GRI Standard).
Atlantia is committed to make material information available to stakeholders for them to understand our strategic approach to sustainable business practices. To this end, we continuously increase the transparency and connectivity of information regarding our strategy, business model, approach to risk management, governance, financial performance and ESG practices and performance via the adoption of an integrated annual reporting, starting from FY 2020.
With the aim to further promote a constructive and direct dialogue, we commit to publish in 2021 a reconciliation table to map existing reporting to the relevant SASB metrics for our industry.
|Annual integrated report 2020|
ENVIRONMENTAL DIMENSION - 2020 IMPACT
-12% of carbon intensity (2015-2020)
-30% of carbon intensity (2014-2019)
More than 62,000 ton of CO2 avoided since 2015 through investments in renewables and energy efficiency
-4% overall use of water
SOCIAL DIMENSION - 2020 IMPACT
GOVERNANCE DIMENSION – 2020 IMPACT
73% of Board members are independent
47% female representation on Board of directors
Board Committees fully composed by independent members
Adoption of Italian Corporate Governance Code
Policy on maximum number of offices implemented
Newly established Committee of the Board in charge of sustainability
Mid-term ESG plan with clear targets adopted
Human resources and remuneration Committee of the Board extended scope to include nomination
Remuneration guidelines for operating subsidiaries issued and Remuneration Committee established in the main operating subsidiaries
Adoption of new Ethical Rules of Conduct and Policy on Disciplinary Actions, Suspension, and Termination of Employment
Adoption of Board rule of procedure
Revised rule of procedure for Board Committees
Succession planning for the CEO, executive directors and top management positions
Stakeholder engagement policy