PRESIDENT

Dear Participants of the United Nations Global Compact,

it is a pleasure for me to address you with this first letter of the end of the year. I take up with enthusiasm - and with a sense of responsibility - the legacy left by Marco Frey at the end of his long mandate, trusting that I can continue with you the path of growth, dialogue and commitment that characterized his contribution. We are approaching the end of 2025 feeling a strong duty to share some reflections at the end of a year which, for sustainability at a global level, was among the most complex of the last decade.