Sustainability

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We have developed a growing awareness of our role in the contexts in which we operate and of the contribution we can make to sustainable development. In this context, we define and implement a sustainability strategy aimed at promoting an ethical business culture, creating value for employees, collaborators and communities, reducing environmental impacts, and managing impacts, risks and opportunities in a structured way across the entire value chain.

With the goal of making this commitment concrete and long-lasting, we have identified the most relevant sustainability topics, considering the specific characteristics of the territories in which we operate, their traditions, and the expectations of our stakeholders. Dialogue with them is a key element: we foster active and continuous engagement, which is essential to effectively guide our strategies, investments and management systems.

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2025 Sustainability Report

We have prepared our 2025 Sustainability Report in accordance with the European Sustainability Reporting Standards (ESRS), within the framework of the implementation of the Corporate Sustainability Reporting Directive (CSRD) in Italy. This is our second report prepared under the new European regulation.

The document provides a structured representation of the material impacts, risks and opportunities identified through the Double Materiality Assessment. These are associated with the Group’s activities, its value chain and its performance, and include a comparison between the results for 2025 and those of the previous year. The scope of the Sustainability Statement is aligned with that of the Financial Statements.

Documents

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Sustainability Governance

Within our Group, the strategic oversight of sustainability matters is entrusted to the Board of Directors, with the support of the relevant board committees — including the Control, Risk and Sustainability Committee — and the Sustainability Function.

The Board of Directors oversees the definition of strategic objectives and the monitoring of material impacts, risks and opportunities. These objectives are jointly defined by the Sustainability Function and the relevant business functions, contributing to the progressive integration of ESG responsibilities into the Group’s governance model and decision-making processes.

The Sustainability Function is also responsible for monitoring ESG performance and managing relationships with stakeholders on sustainability-related matters.

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