Managing our business sustainably and responsibly means not only creating value and complying with laws and regulations but also developing constructive relations with anyone who is directly or indirectly affected by our initiatives: our "stakeholders".
The Code of Ethics, first adopted in 2004 and now in its fifth edition is the vehicle we use to express our principles and represent our wish to invest in transparent dialogue.
This is the cornerstone of our approach to business, which guides, evolves, and supports the development of our business initiatives. This important document is accompanied by the Sustainability Policy and the Human Rights Policy approved by our ESG Committee, previously the Sustainability Committee.
The coming decade's great climate change challenge requires a rapid and radical response from all individuals, institutions, the financial community and businesses. In this scenario, institutional investors are also reassessing the foundations of modern finance, paying increasing attention to sustainability and environmental, social and governance (ESG) issues, favouring the businesses most committed to this challenge in their choices.
In particular, sustainability is becoming complementary leverage across the entire value chain, and ESG initiatives are increasingly a constituent element of business strategy. To address this crucial challenge, since July 2020, our Corporate Social Responsibility office has been merged into the new Investor Relations & CSR department, the purpose of which is to develop and oversee the Group's CSR plan and all its CSR initiatives while ensuring that the Group's value is fully disclosed to the financial community.
We activate governance bodies and operating structures able to guarantee the rigorous management of activities and promote an integrated approach to sustainability within the Group, monitoring the achievement of sustainability goals.
The following structures are directly involved in the sustainability management process: