Page 12 - Parmalat 2017 Consolidated Statement
P. 12
Sustainability at Parmalat
The Parmalat Group, while it has not yet formally adopted a Sustainability Plan, considers sustainability a key
factor of its operations. Consequently, its commitment encompasses all aspects of the Group’s activities, starting
with the procurement of raw materials, along the entire production process, up to the supply and distribution of
its products to consumers and numerous commercial partners. This commitment is also applied to the
management of human resources (particularly with regard to their development and occupational safety), the
management of the environmental impact and, more in general, all of the communities within which the Group
operates or whose activities generate an impact.
Even though this is the first year of preparation of a global and structured report regarding non-financial/economic
topics , the Group had been monitoring for several years numerous indicators regarding product quality, personnel
management and environmental issues.
This monitoring activity, carried out with a continuous improvement approach, provided a starting point in the
planning and implementation of important operational investments in recent years, aimed at ensuring compliance
with regulations, improving manufacturing efficiency and reducing the risks (and impacts) deriving from
consumption of raw materials, effluent discharge, potential spills, emissions and waste production, and reducing
accidents and injuries at the Group.
The reference documents is the Code of Ethics of the Parmalat Group, which provides a framework for business
activities, starting with the Group’s Mission and values for its employees. The Group’s ultimate purpose is to create
value for its shareholders by respecting the principles of ethical business conduct, performing a useful social
function by promoting the professional development of its employees and serving the communities within which it
operates, contributing to their social and economic progress. The Company values of ambition, engagement and
with simplicity provide guidance for the conduct of employees and associates.
This approach presumes a relationship based on trust with the numerous stakeholders who gravitate in the
Group’s sphere of activity. The Group carried out a mapping of its stakeholders, identifying their degree of
influence and analyzing the significance that industry sustainability issues have for them. The chart that follows
presents a map of the Group’s stakeholders:
Trade associations Consumers
Authorities, local govern-
Employees and unions
ments and control entities
Business partners Suppliers
Customers Local organizations and NGOs
Local communities Shareholders and investors
The Consolidated Non-financial Statement of the Parmalat Group focuses on the importance (materiality ) of the
various issues related to its activities. Accordingly, the Group carried out a materiality analysis process, performed
in accordance with the sustainability reporting guidelines of the GRI (Global Reporting Initiative), aimed at
identifying the issues that could have a considerable impact on the Group’s ability to create value over the near,
12 Consolidated Non-financial Statement at December 31, 2017 Pursuant to Legislative Decree No. 254/2016