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Newsletter
Years 2, no. 6
May - June 2014

THE NETWORK

The Global Compact Network Italy (GCNI) was established in 2002 to contribute to the development in Italy of the "Global Compact", a project designed to promote the culture of corporate citizenship launched, in 1999, by the then Secretary-General of the United Nations Kofi Annan.

Considering this objective, the Network operates as an information platform, giving support and coordination to Italian companies and organizations which resolve to share, support and employ a whole range of universal principles in matters of human rights, labour, environment and the fight against corruption, thereby contributing to the accomplishment of "a more wide-ranging and sustainable global economy".

In June 2013, the GCNI became legally established as the Global Compact Network Italy Foundation.

Currently, 35 organizations adhere to the Foundation as founders or participants.

NEWS FROM THE FOUNDATION

GCNI Foundation Members' Meeting. The Annual Meeting of the Members of the Global Compact Network Italy Foundation was held in Rome on May 9th at the Headquarters of Acea S.p.A.. The representatives of organizations that subscribe to the Foundation as "Participants" also took part in this meeting as "observers". The meeting was chaired by Marco Frey, President of the Foundation. After a comprehensive update on the activities completed and those being implemented, the Founding Members were invited to give an evaluation on the draft final balance of the Foundation 31.12.2013 which was presented during the meeting. The vote concluded with the approval of the document.

New organizations joining the GCNI Foundation. During the two Executive Board meetings of the Global Compact Network Italy Foundation which were held on 18th March and 8th April this year, applications for membership submitted to the Foundation by MaireTecnimont S.p.A., Deco Industrie Soc. Coop. a., Autostrade per l’Italia S.p.A. (that have joined the Foundation with the status of "Participants") and by the Associazione Ambiente e Lavoro (that has joined the Foundation as a "Founding Member") were evaluated and accepted. The Foundation welcomes these new member organizations!

Memorandum of Intent between the GCNI Foundation and the Italian Antitrust Authority. A Memorandum of Intent was signed on 8th May in Rome by Prof. Marco Frey, President of the  Global Compact Network Italy Foundation, and Prof. Giovanni Pitruzzella, Chairman of the Italian Antitrust Authority. It commits the two organizations to working together to spread the Legality Rating among Italian companies. The Legality Rating, the Regulation of which was approved by the Antitrust Authority by its own sanction in November 2012, is an instrument for the promotion of legal and ethical principles in order to maximize safety and competitiveness in business activities, creating a system of incentives for firms that abide by the law and align themselves with the highest standards of ethical/social and/or governance by adapting their organizations in an appropriate way. On the basis of the provisions in the Memorandum of Intent, the GCNI Foundation is committed to: promoting the use of the “Rating” among their members as a tool in the field of the autonomous activity of pre-qualification and/or ethical qualification for business partners (e.g. suppliers and customers); encouraging subscribing companies to submit their application to the Antitrust Authority to obtain the "Rating"; promoting joint activities with the Antitrust Authority regarding companies (and potentially also between them and their business partners) to facilitate a common understanding of the "Rating" and "Regulations ", explaining the basic requirements for its access and the relative benefits of that, also providing useful clarifications to facilitate and encourage the submission of the application for obtaining the "Rating"; conducting surveys to gather comments and/or suggestions about how to improve the effectiveness of the Legality Rating Regulations, aiming to highlight possible areas for improvement if necessary and as concerns the Authority. For further information, write to: info@globalcompactnetwork.org

The “Reporting” Working Group: update on activities. The latest meeting of the Global Compact Network Italy Foundation's "Reporting" Working Group was held on 29th April from 10.30 a.m. to 1.30 p.m., by videoconference link between the headquarters of FEEM - Eni Enrico Mattei Foundation in Milan and Eni in Rome. The theme of the meeting was the "principle of materiality and Reporting". During the meeting four organizations subscribing to the Foundation (Eni, Italcementi, Snam and Terna) presented a corporate testimony on the process of applying the principle of materiality in defining the contents of their Sustainability Reports. On the basis of these first four corporate studies and those that will be presented in  forthcoming meetings a document will be produced which is intended to provide useful interpretations to support companies in their reporting processes and in particular to facilitate them in the use of the most important existing reporting frameworks (GRI - G4 , Integrated Reporting, Global Compact Advanced Level). The next meeting of the "Reporting" Working Group  will be held on May 30th.

Publication of the Activities Report 2013. On April 1st the Global Compact Network Italy Foundation's Activities Report 2013 was published. The Report was sent in electronic format, to the Global Compact Office in New York, to all organizations subscribing to the Foundation and to its partner organizations as well as to internal and external stakeholders. This first issue of the Report, refers to the period starting from the date of the Foundation's establishment (June 10, 2013) up to December 31st 2013. The document is available in Italian and English.

Food and Agriculture Business Principles (FAB Principles). The United Nations Global Compact has facilitated the development of voluntary Food and Agriculture Business Principles (FAB Principles), which offer a framework for principle-based partnerships between companies, the UN, Governments and other stakeholders on sustainable agriculture, food security and nutrition. The FAB Principles are the outcome of a broad and inclusive multi-stakeholder process. Over 20 consultations have been conducted globally, including more than 1,000 businesses, UN agencies and civil society organizations involved in agriculture, nutrition and food systems. To learn more, click here

UPCOMING INITIATIVES

Launching the pilot testing of the TenP - Sustainable Supply Chain Self-Assessment Platform.
The pilot testing of the TenP - Sustainable Supply Chain Self-Assessment Platform will start in May. It is a tool created by the Global Compact Network Italy Foundation to support subscribing companies in the collection of information on the sustainability performance of their suppliers, with the aim of using it to identify shared challenges and solutions to improve sustainability within their supply chains. The Platform, built with reference to the United Nations Global Compact's Ten Principles, and taking into account the most relevant standards and international conventions in the field of corporate sustainability, was created and continues to be implemented thanks to the support and solid commitment of A2A, Acea, Ansaldo STS, Edison, Eni, Italcementi Group, Nestlé Italy. During an ad hoc meeting at the end of this first phase of the trial, the Platform will be presented to the procurement officers of the companies and organizations subscribing to the Foundation and it will be made available to all those interested in using it. For more information go to: info@globalcompactnetwork.org

Next meeting of the "Anti-Corruption" Working Group. The Global Compact Network Italy Foundation's Working Group which focuses on "Anti-Corruption" will meet again on May 23rd. On the meeting agenda, which will take place in the form of a web-meeting, is the sharing of new corporate cases centred on the thematic focus from the February meeting, that is corporate policies and procedures for managing agents, consultants and intermediaries. The relevance of the issue on which the in-depth analysis and the exchange of corporate testimonies are focusing is highlighted by the aggregated version of "Corporate Risk Areas Matrix" produced by the Working Group. For further information on the activities of the Working Group, click here

NETWORK NEWS IN SHORT

SODALITAS SOCIAL AWARD: THE AWARDS CEREMONY

Next 26th of May will be held in Milan the presentation of the winning companies of the 12th edition of the Sodalitas Social Award, the most prestigious award for corporate sustainability in Italy, promoted by Sodalitas Foundation. The meeting will propose a reflection on the theme "Europe 2020: what future? The role of business for smart, sustainable and inclusive growth". The first edition of the Sodalitas Social Award was launched in 2003, in the context of the first European Business Campaign on CSR, promoted by the EU Commission. In the past twelve award editions, cumulatively 2,200 projects and more than 1,800 businesses participated with innovative best practices (collected in the online database Sodalitas Social Solution).

FOOD & SUSTAINABILITY: WHY THE AGROINDUSTRIAL IS SUSTAINABLE THREE TIMES

Ca’ Foscari University of Venice and Ca’ Foscari Foundation will host on 9th June 2014 a study day and workshop on “FOOD & SUSTAINABILITY: why the agroindustrial is sustainable three times”. This initiative aims to make known/share the sustainable best practices on food industry and analyze the interaction between the agroindustrial sector and the sustainable values, in order to offer to the attendees knowledge and tools to undertake innovative, successful and “good” strategies. The event, coordinated by Prof. Chiara Mio (Rector's Delegate on Environmental Sustainability and University Social Responsibility), will see a seminar during the morning with the presence of scientific and business experts, and in the afternoon will take place 5 executive workshops on these topics:

- carbon footprint
- supply chain
- aware consumer
- reporting and communication of sustainable values
- SMEs in the agroindustrial

The event will be in Italian and the admission is free. The required registration is now open and the deadline is 1st June 2014.

BARILLA PROMOTES YOUNG IDEAS IN THE “FOOD” WORLD

In collaboration with SDA Bocconi School of Management and the Speed Mi Up incubator, the Barilla Group is launching “Good4 - Start Up The Future”: the initiative that will award almost 200,000 euro to stimulate new business projects dedicated to the sustainable development of the food world. “Good4” is looking for ideas in line with the Barilla Group “Good for You, Good for the Planet” way of doing business: a strategy that aims at doubling the Group’s business by 2020, offering not only good, safe and nutritionally balanced products, but also promoting the present and future well-being of people, the communities and the planet regarding everything related to food path from field to table. A clear pathway that involves the Group’s many partners. The initiative is free of charge and open to young people under 30 worldwide who, from 7 May to 15 October, can upload their project onto barillagood4.com and aspire to become a sustainable food entrepreneur. There are 4 competition categories: “Good4 our Wellbeing”, to improve the well-being of people; “Good4 our Planet”, for a more sustainable supply chain from field to table; “Good4 our Communities”, to enhance food as a promoter of well-being and socio-economic development; “Good4 our Knowledge”, to inform people of the hidden value of food and to make conscious dietary choices.The Group is therefore paying great attention to the young people who want to develop innovative start-ups focusing on specific business developments such as: environmental sustainability, social inclusion and fair profit. And, maybe young talents and promising future leaders of the Group are hiding among the participants.

WORKSHOP “INTEGRATING SUSTAINABILITY IN FINANCING” (APRIL 1ST 2014)

The Italian Banking Association, together with European Investment Bank and the Italian Sustainable Investment Forum, promoted the Workshop “Integrating Sustainability in Financing” on April 1st 2014. There is continuing sophistication of a fast evolving market as several players are integrating sustainability considerations in their financing and are adopting responsible investment strategies. Simultaneously, investor demand and legislative requirements increasingly require integration of such environmental, social and governance considerations in financing. The Workshop aimed at offering the chance for discussing the current practices and challenges faced by operators to integrate sustainability in financing activities (mainly lending and equity).

FEEM: INNOVATION FOR SUSTAINABILITY

Fondazione Eni Enrico Mattei (FEEM) inaugurated in 2013 a new research area - Sustainable Business and Social Change Initiative (SBSC) – in order to observe and understand social change and to support companies through the search for new, innovative forms of sustainable business. Among the initiatives and activities held in 2014 there are the publication of the issue on Equilibri - the magazine edited by FEEM and published by Il Mulino – focused on the topic of integrated reporting, and the launch of Sharitaly (www.sharitaly.com) and Sharexpo (www.sharexpo.it), initiatives focused on the sharing economy. The issue “L’impresa crea valore. Nuovi strumenti di rendicontazione” (available in Italian only) addresses the new trends of business reporting, with a particular focus on the phenomenon of the integration of reporting. The issue also includes an article by Alessia Sabbatino, General Secretary of the Global Compact Network Italy Foundation, which explores the concept of materiality taking in account the discussions conducted by the GCNI Foundation "Reporting" Working Group. On 29 November 2013 FEEM also held Sharitaly - the first event on the sharing economy in Italy – organized in collaboration with Catholic University of Milan and Collaboriamo. In April 2014 Sharexpo followed, an experimental path of the sharing economy during Expo 2015 that aims to make Milan a model of Shareable City worldwide.

TERNA: 2013 SUSTAINABILITY REPORT ONLINE

One month early and simultaneous to the publication of the Financial Report, the 2013 Sustainability Report, drawn up in accordance with the GRI G3.1 Guidelines, applied at level A+, has been published on the www.terna.it website. This edition, the ninth, is particularly significant: the fact that its publication coincides with that of the Group’s first Integrated Report and the results of the materiality analysis conducted in the second half of 2013 has increate its effectiveness in showing how Terna creates value over time. In particular, the 2013 Report is more concise, with an approach focusing more on issues that are key for the company and its stakeholders: in this sense, this edition marks a transition towards adoption of GRI – Global Reporting Initiative’s new “G4” international reporting standard, due to be published next year. One of the new developments worth mentioning is the fact that this year the report has been published one month earlier: indeed, for the first time the Sustainability Report has come out at the same time as the Group’s Annual Financial Report, which this year, as already mentioned, has become an Integrated Report in line with the indications of the International Integrated Reporting Committee. One of Terna’s main sustainability results, in the social sphere, has been the launch of the first “Social commitment action plan” also based on a stakeholder engagement project involving 50 outside experts and 60 employees. The work to review ethical supervision and environmental and social responsibilities in relation to the supply chain has continued and has led to the drawing up of a list of Countries potentially at risk, for which measures for greater selectivity during the qualification of vendors and purchase processes must be defined. In the second half of 2013, the “materiality analysis” mentioned above was conducted, leading to a process of consolidation of corporate tools designed to discover the stakeholders’ expectations and plan consistent action, to promote relations with them. The 2013 Sustainability Report, for the fourth consecutive year, shows comparisons with other companies with regard to 7 other significant environmental and social indicators: an additional tool allowing stakeholders to make a comparative assessment of Terna’s results and performance. Once again in 2013, Terna has been included in the major International ratings and stock exchange indexes on sustainability.

FOUNDERS AND PARTICIPANTS

For further information on the Global Compact Network Italy Foundation visit the website www.globalcompactnetwork.org or send an e-mail to info@globalcompactnetwork.org

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