Materiality matrix

The synthesis of the strategic approach to business and the perspective of stakeholders represents an important instrument for the definition and development of the priorities of sustainability and the ongoing generation of shared value in the short, medium and long term. This synthesis takes the form of the CIR group’s materiality matrix, produced on the basis of the materiality analysis of the three subsidiaries and updated in 2019 (the analysis includes the figures for GEDI, the company that was sold in 2020).

The materiality analysis of KOS and Sogefi was updated through a desk investigation (competitors’ reports, best practice, studies and publications). Changes in the relevant sectors were noted, in terms both of the impact generated by the companies and the importance of the aspects of sustainability for stakeholders.

The process of updating GEDI’s materiality matrix was implemented with a desk analysis, a workshop and stakeholder engagement activities carried out internally, with a special questionnaire sent out to employees to obtain their perception of the group’s sustainability issues.

The themes considered relevant for the CIR group and its stakeholders were chosen on the basis of the results obtained by KOS, Sogefi and GEDI. While taking the respective idiosyncrasies of the different companies into account, the materiality matrix provides a unified vision of the economic, social and environmental impacts that influence the group’s modus operandi and stakeholders’ decisions. The matrix identifies 23 economic, social and environmental themes of significance for the group and which have a substantial influence on the evaluations and decisions of stakeholders. It was created according to the Guidelines of the Global Reporting Initiative and the GRI Sustainability Reporting Standards.

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Health and safety of end clients
The end clients are at the center of the group’s business activities, in all its areas of operation. For this reason, guaranteeing their maximum success and safety is a priority. This goal is also pursued through the respect for the best standards and the laws and regulations applied to its context.
Responsibility towards end customers

Health and safety of workers
With the aim preventing and managing the professional risks linked to the conduct of the company’s activities, systems of monitoring and safeguarding the health and safety of workers have always been a point of attention for the group, continuously evolving and improving, also through the dissemination of a group culture within this context.
rossoResponsibility towards Human Resources

Economic performance
With the aim of pursuing positive economic-financial results in the short term and achieving economic balance in the medium-long term, guaranteeing development that endures over time, an effective evaluation and allocation of resources is necessary. This not only facilitates increased economic sustainability, but also the creation and distribution of economic value among the group’s different categories of stakeholders.
neroEconomic responsibility

Quality of products
The constant renewal of trust and guaranteeing the best offer of products and services to clients are goals that the group has always pursued in all the sectors in which it operates, while respecting strict quality standards in an ever changing regulatory framework.
Responsibility towards end customers

Business integrity and ethics
The group promotes good corporate governance, inspired by the highest ethical standards and in compliance with laws and regulations, maintaining and developing a relationship of trust with its stakeholders and seeking to better balance the interests involved, respecting the principles of honesty, impartiality, trustworthiness, loyalty, fairness and transparency and good faith.
verdeGovernance and compliance

Governance and Risk Management
The system of corporate governance facilitates the pursuit of preset strategic objectives, ensuring effectiveness, efficiency and fairness for all stakeholders. To further strengthen its governance, the group adopts a system of internal control and risk management for the purposes of healthy and fair company conduct, in line with the present goals and the interests of all stakeholders.
verdeGovernance and compliance

Business model and sectors of reference
With operations throughout the world and in sectors that are very different among themselves, each company in the group works in compliance with the codes and principles of relevance to their sector, with the goal of creating value for all relevant stakeholders.
neroEconomic responsibility

Human and worker rights
The group is committed to conducting all its activities respecting the physical and cultural integrity of individuals, identifying in the respect of the fundamental rights of man a key factor in every entrepreneurial decision.
sabbiaSocial responsability

Product/service innovation
Process and product innovation is an integral part of the strategic vision of the group, which is constantly committed to finding solutions, products and technologies that minimize social and environmental impacts.
neroEconomic responsibility

Privacy and protection of client data
Protecting the privacy and personal data of the people who interact with the group is a question to which all group companies give primary attention. They implement constant measures in this context, in a perspective of transparency and respect for laws and regulations.
Responsibility towards end customers

Responsible supply practices
Considering the size and geographical extension of its activities, the strict control of supply practices is essential for a responsible and sustainable business. For this reason, the group works through a business model that sees in sustainability a key factor in all its commercial relationships and that binds the company’s supply chain to the principles contained in the Code of Ethics.
sabbiaSocial responsability

Enhancement and development of skills
The group pays great attention to the development of the professional skills of its people and the enhancement of talent, elements that are essential for enduring success. For this reason, all group companies promote a work environment that stimulates individual potential, which includes training courses in line with the characteristics and work requirements of staff.
rossoResponsibility towards Human Resources

Diversity and equal opportunity
The group is committed to enhancing diversity and eliminating any form of discrimination in the workplace, promoting the enhancement of each individual’s skill, regardless of nationality, religion and gender, political or union membership, sexual orientation and physical or psychological condition or any other characteristic not relevant to the working sphere.
rossoResponsibility towards Human Resources

Waste generation and management
The group is attentive to the methods of waste management and disposal, in compliance with the current laws in the matter, and aware of the role that the correct conduct of these activities has with respect to public health and considering the rights of future generations. For this reason, attention to the protection of the environment and the correct use of resources also takes the form of the reduction of waste stemming for the conduct of our activities.
azzurroEnvironmental responsibility

Responsible marketing
The group is committed to providing its stakeholders with suitable and accessible information regarding the environmental and social impacts, positive and negative, of the products and services offered. Access to this information helps customers to make informed buying choices.
Responsibility towards end customers

Socio-environmental impacts of products and services
A focus on customers and on the impacts that products and services can have on them is for the group a prerogative in the transparent and responsible conduct of business. For this reason, the group’s operations focus on customer health and safety, on respect for their legal, ethical, social and environmental requirements, their satisfaction with the quality of the products and services provided and, in general, that the requirements of all stakeholders are satisfied.
azzurroEnvironmental responsibility

Company remunerations and welfare
The group’s remuneration policy is oriented to guaranteeing competitiveness in the labor market, in line with the goals of growth and retention of human resources, as well as differentiating remuneration instruments on the basis of individual professionalism and skill. The system of economic incentives, linked to both individual and company targets, promotes a spirit of belonging to the group and is based on the values of fairness, merit and equality.
rossoResponsibility towards Human Resources

Energy consumption
The group is committed to the implementation of initiatives aimed at increasing energy efficiency and containing energy consumption, with the ultimate goal of attaining high levels of eco-efficiency.
azzurroEnvironmental responsibility

Mechanism for the management of complaints
The group is committed to promoting an efficient and effective system for the management of complaints to facilitate the ongoing improvement of efforts to improve quality and that the requests of all stakeholders are satisfied, respecting the legal, ethical and social requirements.
Responsibility towards end customers

Community development and involvement
The group contributes to the sustainable development of the territory, taking the needs of the communities where it operates into account. Community involvement is pursued via the commitment promoted through efforts to inform, interact and listen, carried out to ensure positive repercussions for the community in terms of social, cultural, educational, sporting and environmental impact.
sabbiaSocial responsability

Water use and management
The sustainable use of water resources requires the implementation of an effective and efficient system, and creating awareness of the importance of reducing its consumption and pollution. For this reason, the group’s companies are committed to saving water, paying attention to the responsible use of water both in its production activities and in its operational facilities.
azzurroEnvironmental responsibility

Industrial relations
The promotion of freedom of association and expression between workers is fundamental to guaranteeing the right to representation without fear of intimidation, personal retaliation or harassment. In conducting its activities, the group places great importance on industrial relations, in the knowledge that  they bring benefits to workers and help the group in all aspects of its activities.
rossoResponsibility towards Human Resources

Gas emissions and the greenhouse effect
In order to monitor and mitigate environmental impacts, the group is committed to developing initiatives aimed at the mitigation of and adaptation to the effects of climate change, through policies to reduce consumption and make consumption more efficient.
azzurroEnvironmental responsibility

Economic responsibility

Governance and compliance

Responsibility towards end customers

Responsibility towards Human Resources

Social responsability

Environmental responsibility