Page 6 - Parmalat 2017 Consolidated Statement
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Note on methodology
Parmalat S.p.A., in its capacity as a public interest entity (pursuant to Article 16, Section 1, of Legislative Decree No.
39 of January 27, 2010), Parent Company of a Group with maximum dimensions in terms of employees, financial
position and net revenue that exceed the thresholds of Article 2, Section 1, is subject to the implementation of
Legislative Decree No. 254 of December 30, 2016 (hereinafter “Decree 254”) “implementation of Directive
2014/95/EU of the European Parliament and Council of October 22, 2014, amending Directive 2013/34/EU insofar
it concerns the disclosure of non-financial information and information about diversity at certain large companies
and groups.”
This Consolidated Non-financial Statement (hereinafter also “NFS”) of the Parmalat Group at December 31, 2017
was prepared in accordance with the provisions of Decree 254 and constitutes a separate document from the
Report on Operations but is an integral part of the documents accompanying the “2017 Annual Report.” The NFS
was prepared in accordance with the GRI-referenced option provided under the GRI Standards (2016) of the Global
Reporting Initiative and using the Reporting Principles defined by the “GRI Standards:101 Foundation.” More
specifically, this document is referenced to the “Topic Specific Standards” listed in the “Table of Correlation with
Legislative Decree 254 and the GRI Referenced claims.”
The NFS includes the data for the Parent Company and the subsidiaries consolidated line by line, “to the extent
deemed necessary to provide an understanding of the Group’s operations, its performance and results and the
impact it produced.” The consolidation boundary for the Group’s activities subject of this report was defined using
a methodology for the selection of “significant” subsidiaries based on the use of certain quantitative parameters
set forth in Legislative Decree No. 254/16 and on the results of specific assessments carried out within the
framework of Enterprise Risk Management, whose catalog of risks was used to extract, specifically, those that are
most closely related to the specific issues described in Legislative Decree No. 254/16. The information contained in
the NFS refers to the companies included in the scope of consolidation used for the 2017 consolidated financial
statements, except for:
- the financial companies, i.e., Dalmata S.p.A., Parmalat Belgium SA and Curcastle Corporation NV;
- the companies not deemed significant for reporting on the topics listed in the Decree, i.e., Sata Srl,
Lactalis Export Americas, A.D. Brands S.A., Parmalat Bolivia Srl, Parmalat del Ecuador SA, Lacteosmilk SA,
Lacteos Algil Guatemala S.A. de C.V., Parmalat Paraguay SA, Parmalat Perù s.a.c., Parmalat Botswana (Pty)
Ltd, Parmalat Produtos Alimentares sarl, Parmalat Swaziland (Pty) Ltd, Parmalat NZ Limited, Parmalat
International Pte Ltd and Parmalat Hong Kong Limited); and
- the companies acquired in 2017, i.e., Silac Commerciale Srl, Karoun Dairies LLC, Karoun Dairies Properties
LLC, Central Valley Cheese Inc, La Vaquita Holding S.p.A., Inmobiliaria Industrial Codigua II S.p.A., Lacteos
del Sur S.A., Transportes Codigua S.p.A., Agroindustrial Codigua S.p.A., Agrocomercial Codigua S.p.A.,
Transportes Kumey S.p.A. and Lacteos Kumey S.p.A. for which, consistent with the prevailing
interpretation, as represented in the Consob Explanatory Report of January 19, 2018, and in view of the
limited time span elapsed since acquisition, it was decided to begin the consolidation of non-financial
information starting on January 1, 2018.
Any additional limitation of the abovementioned boundary are shown in the “Table of Correlation with Legislative
Decree 254 and the GRI Referenced claims.”
The NFS provides a report on issues concerning personnel management and human rights, occupational health and
safety, the environment, engagement with local communities, management of the supply chain and fight against
corruption, viewed as significant and material in accordance with a specific and established process that takes into
account Parmalat’s specific activities, illustrated below in this document (see the chapter entitled “Sustainability
and Parmalat”).
6 Consolidated Non-financial Statement at December 31, 2017 Pursuant to Legislative Decree No. 254/2016