Our ESG strategy
CIR believes that ESG values constitute a driver of growth and progress for the group and therefore has defined its ESG policy in line with its role as investor, encouraging subsidiaries to implement their own ESG practices.
The SDGs framework
The 2030 agenda adopted by the member states of the United Nations defines the goals of sustainable development, breaking them down into specific targets which individuals and communities, of any kind, including businesses, should use to inspire their own strategies and behaviour to ensure responsible and ethical action, preserve the ecosystem and achieve social progress.
In order to define the group’s strategy and sustainable growth objectives, CIR and its subsidiaries KOS and Sogefi referred to the United Nations Sustainable Development Goals (SDGs) framework, and have therefore identified the SDGs to whose achievement they believe they can contribute, taking into account their specific activities and business model.
Our commitment to sustainable growth
CIR believes that Environment, Social and Governance (ESG) values constitute a driver of growth and progress for the group.
During 2021, CIR’s Board of Directors directed all the group’s activities towards the definition of a sustainable growth plan.
The ESG 2022-2025 plan is divided into four long-term strategic commitments (Governance and Advocacy, “ESG driven” innovation, Eco-compatibility, Well-being of individuals and communities), in relation to which each business has set out its own goals and targets.
Governance and Advocacy
CIR believes that a group governance system which guarantees a law-abiding style of management respectful of the rules, compliant with the values of its own rigorous and transparent Code of Ethics, constitutes an essential enabling factor for the achievement of longterm sustainable success. The holding company CIR contributes to the ESG plan mainly through the company’s governance and its advocacy activity versus the subsidiaries. The Corporate Governance and Advocacy Excellence goals are:
- implement governance that ensures accountability, best practices and transparency
- set an example for the Group in matters of diversity, with particular regard to the composition of the corporate bodies
- adopt a Code of Conduct that promotes excellence in ethics and values
- ensure that all personnel adhere to the Code of Ethics and are adequately trained
- implement a whistleblowing mechanism
- implement an integrated system of control measures to ensure legality, transparency and rigour
- include ESG topics as a key mission of the Board and the Control, Risks and Sustainability Committee
- link the management and employee incentive plans to sustainability goals
- inform the market on ESG performance
“ESG driven” innovation
CIR supports the investment of its subsidiaries in the search for products or services that are:
- economically efficient
- able to contribute to the protection of the environment and social well-being (i.e. ESG-driven)
CIR intends to minimise the environmental impacts of its business activities by reducing:
- energy consumption thanks to targeted investments
- CO2 emissions by using renewable energy sources
- wasted resources through a more circular management
Well-being of individuals and communities
CIR is aware that sustainable success depends on the well-being and engagement of its human resources and promotes:
- the improvement of safety in the workplace
- training and meritbased promotions excluding any form of discrimination
- positive integration into local communities