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Chapter 6
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           Governance and monitoring of corporate ethics and risk management                              79







           This aspect is linked to the quality of the product
           and the possible negative impact of the use of   The Group’s ethical principles
           chemical substances related to the production
           processes. Both Ratti SpA and Textrom monitor   The 9 principles of the Code of Ethics which underpin the governance and
           the chemical substances used to guarantee     the management of the Group’s activities:
           compliance with the prevailing regulations
                                                         l  Legality, loyalty and probity
           and the customers’ specific requests, as stipulated
           in the certifications obtained by Ratti SpA, such   l  Respect for the individual and development of our personnel
           as Seri.co, Oeko-Text, GOTS and RCS, FSC, and   l  Safeguarding health and safety and the environment
           the OCS and GRS certifications, whose audit was   l   Social accountability
           carried out in January 2021.
                                                         l  Safeguarding the trademarks, patents and original works
           The same attention is requested of suppliers, e.g.
                                                         l  Prevention of conflict of interests
           the request to comply with the REACH regulation
                                                         l  Integrity and the fight against corruption
           (see Chapter 3, paragraph 3.2 “A commitment
           anchored in the most advanced standards”).    l  Transparency and anti-money laundering
                                                         l  Freedom and duty to report violations
           With regard to corruption, Ratti SpA has Model
                                                         The Code of Ethics may be consulted by accessing the procedures area of
           231/01, updated to November 2018 and
                                                         the Company’s intranet or the website www.ratti.it  by selecting “Investors”
           integrated with the Whistleblowing Policy. As
                                                         >>> “Corporate governance” >>> “Procedures and codes”.
           required by the Model, there is also a Supervisory
           Body (see paragraph 6.2 “The bodies and the
           instruments that monitor corporate ethics”).
           For the Group’s other companies, the main
           monitoring methods are the Code of Ethics, whose
           purpose is to receive and manage any reports
           of violations, including those relating to conduct
           that could violate the provisions of the Code (see
           the paragraph “The Code of Ethics” and paragraph
           6.3, “Managing risks to include sustainability”).

                                                      compliance with the Standards and appropriate
           6.2                                        Group behaviour, i.e. the Code of Ethics
           The bodies and the                         and the Suppliers’ Code adopted by all the
           instruments that monitor                   Companies of the Group, Model 231 and the
                                                      Social and Corporate Accountability Policy
           corporate ethics                           (which includes aspects of safety, the environment,
                                                      energy and quality) in Ratti SpA as well as the
                                                      Environmental and Social Accountability
           Ratti SpA’s Board of Directors has formed   Policies active in Creomoda, La Maison des
           a Risks Control Committee and a Directors’   Accessoires and Textrom.
           Remuneration Committee from among its
           members, and in 2018 also appointed a Group   The Ratti Group guarantees that it complies with
           Ethics Committee. The other supervisory bodies   applicable legislation with regard to its operations,
           for laws and regulations relating to financial and   through the activities and checks carried out by
           social matters are the Board of Statutory Auditors   accredited internal offices (e.g. the legal office,
           and the Supervisory Board.                 financial administration and control, internal audit,
                                                      the technical office, the internal laboratory, the
           In turn, these control bodies have access to a   prevention and protection service, human resources
           number of instruments and policies that ensure   and management systems). The Group uses
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