The Feralpi Group made the integrated report for the financial year 2023 public during a press conference last week Thursday.
For the first time the financial and non-financial reports of the Feralpi Group were integrated into one document and published along with the Sustainability Report. This decision stems from the Group Governance's desire to anticipate future statutory obligations introduced by the Corporate Sustainability Reporting Directive - CSRD (Directive 2022/2464) - and the new reporting standards (ESRS - European Sustainability Reporting Standards developed by EFRAG - European Financial Reporting Advisory Group).
The purpose of this document is to offer stakeholders, in one report, a complete view of the value generated by Feralpi and the strategies that the Group intends to pursue to continue generating that value in a sustainable manner in the short, medium and long term.
Feralpi set out its own ESG Scorecard with a view to reinforcing the soundness of its sustainability roadmap, monitoring its progress against set goals and meeting its stakeholders’ communication requirements. The Scorecard consists of 14 goals, the progress and possible updates of which will be evaluated annually in line with developments in the Group's industrial strategy and priorities.
As further evidence of its own commitment to sustainability and deep integration with the corporate operations and business, Feralpi Group is presenting for the first time its annual reporting based on an integrated approach of the perimeter of Feralpi Siderurgica's Consolidated Financial Statements, the aim being to combine the reporting of financial performance with the disclosure of environmental, social and governance (ESG) information.
As for the environment, Feralpi is committed to help reduce consumption and impact as well as increase the reuse and recovery of production waste. As for the social aspects, the Group focuses on the care, safety and enhancement of people, work culture, education of new generations, inclusion policies and the development of the local community. As for governance, Feralpi integrates ESG aspects into the industrial model by driving change in the steel industry and encouraging companies in the supply chain to adopt sustainable policies.
Here you can find the complete document in English: Integrated Report 2023