- moral integrity, personal honesty and fairness in internal and external relationships;
- transparency towards shareholders, stakeholders and the market;
- respect for employees and the commitment to enhance their professional skills;
- social commitment;
- the protection of health, safety and the environment.
ERG Group principles and international developmentAs a result of the continuous international development of ERG Group, we felt that it was necessary to simplify the communication of the Groups principles to overseas companies and their local counterparts: the Code of Ethics was therefore translated into English and French. All of the overseas companies of ERG Group have adopted this document, which was also approved by the joint venture LUKERG Renew in 2013. The Model 231 was translated into English and published on the Group's website www.erg.it. In 2013, all overseas companies approved the Anti-Corruption Guidelines issued by ERG, which follow the principles of conduct in line with those already set out in the Model 231.
In particular, the management of ERG business activities must comply with the principles of conduct that apply to:
- the principles set out in the code of ethics;
- separation of duties;
- the allocation of powers;
- transparency and traceability of processes;
- appropriateness of internal rules:
- the training of employees;
- job rotation
Sustainability in the Board of Directors
The Board of Directors and the Board of Statutory Auditors of ERG, following the best practices suggested by the Corporate Governance Code, self-assessed the level of their skills to identify any areas for further study.
Specifically, the questionnaire used by the Directors identified a number of skills already regarded as necessary by the previous Board of Directors:
- knowledge of the energy sector
- finance and accounting
- audit, compliance, legal and corporate
- risk management
- management skills
- international experience
- corporate governance
- remuneration policies
and asked each Director to express his/her level of knowledge (on a scale from 1 to 5) on each skill indicated.
The analysis of the results showed the Board of Directors' level of "confidence" on each specific subject.
As regards sustainability, it emerged that 17% of Directors regarded themselves as having excellent skills (score 5), 50% good skills (score 4) and 33% sufficient skills (score 3).
The Sustainability Committee includes the Chairman, the Executive Deputy Chairman and the CEO.
Again as regards sustainability, the skills were acquired through entrepreneurial experience, as managers or executive directors (41% of cases), and through professional experience, as consultants or nonexecutive members of a board or board committees (47% of cases).