Sustainability Governance

Dialogue and shared planning

We believe that constant stakeholder engagement is crucial for a sustainable business.

This is why we have chosen to adopt a model of Sustainability Governance that is in communication with and open to structured contexts inside and outside the company: it is therefore through constant dialogue with a range of players that we identify and implement our sustainability activities.

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Sustainability Governance Structure

During 2022, Edison adopted a Sustainability Governance procedure with the aim of indicating not only the role of all corporate and managerial bodies involved, but also of outlining a model of responsibility, in structural terms as well as in terms of macro-processes. The Sustainability Governance structure is based on the synergy between board and management level and founded on the guiding role of the Board of Directors and the focal role of the Control and Risk Committee.

Board of Directors

The Board of Directors has specific responsibilities in Sustainability Governance. It defines strategic guidelines, identifies medium/long-term goals and approves the Sustainability Plan of the Company and the Group.

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Control, Risk and Sustainability Committee (CRSC)

The Committee plays an investigative and propositional role vis-à-vis the Board of Directors with regard to the Internal Control and Risk Management System and periodic financial and non-financial information.

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Executive Committee

The Executive Committee provides instructions, shares projects and verifies the results achieved, contributing to the identification of material issues, the matrix of which is then approved by the Board of Directors. Together with the Head of the Health, Safety, Environment & Quality Systems Function, the Head of the Procurement Department, the Director of the EOS Foundation and the Head of the Corporate Affairs & Governance Department it is part of the Sustainability Management Committee.

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Sustainability Management Committee

It consists of the members of the Executive Committee, the Heads of the Health, Safety, Environment & Quality Systems Function, the Procurement Department, the EOS Foundation and the Corporate Affairs & Governance Department. It provides opinions and suggestions on the Sustainability Plan and monitors the achievement of ESG targets, initiates the materiality process, and ensures interactions between the company and stakeholders.

Conceptualization, coordination and management of activities

The CEO's Office & Sustainability Department incorporates and disseminates sustainability policies, reports on their results and develops projects and proposals

CEO

The CEO exercises specific powers in the realm of sustainability, including proposing the sustainability strategy and targets to the Board of Directors, overseeing ESG performance reporting and promoting dialogue and engagement with relevant stakeholders.

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Sustainability Division

The Sustainability Division aims to guide and develop sustainability across the company in both ordinary business activities and in development projects. It supports the Sustainability Management Committee in managing relationships with company stakeholders.

The Stakeholder Advisory Board (SAB), working alongside the CEO, and the Sustainability Network supporting the CEO's Office & Sustainability Department, play a key role in the definition of the Sustainability Policy guidelines.

Stakeholder Advisory Board (SAB)

The SAB is a committee made up of external members representing different categories of stakeholders. Its objectives are to support the company, alongside the CEO, in identifying the most important sustainability issues amongst the material topics, to focus on challenges and opportunities for Edison, and to make recommendations and suggestions on company strategies and developments.

Sustainability Network

The Sustainability Division relies on the Sustainability Network, consisting of focal points appointed by the different business areas, in pursuit of the goal of pervasive sustainability.

Sharing and discussion with stakeholders

Edison has always adopted an approach aimed at consolidating continuous dialogue and interaction with all stakeholders, at European, national and local level, as an enabling factor for business processes. With this in mind, it stimulates and participates in opportunities for discussion on sustainable development issues, at various levels, with the various stakeholders.

EOS Foundation

With the invaluable help of the Edison community and by supporting the potential of third sector operators, we strive to enhance the entrepreneurial spirit of the people we impact with our projects, fostering the desire to get involved with creativity, respect and concern for the common good.

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