Page 87 - Bilancio Sostenibilità Ratti 2020_en

Ratti Group
Sustainability report 2020

Principal risks associated with corruption

The risk of acts of corruption includes the possibility that corporate representatives could commit acts that are illegal and
significant from an administrative point of view and/or criminal in relation to third parties. With regard to private individuals
the risk of corruption is adequately monitored by the Parent company, which in 2018 carried out a complete mapping of activ-
ities that are sensitive to crimes covered by Legislative Decree 231/01, which includes all corruption offences relating to both
public administration and private individuals. As for the public administration, the Ratti Group considers this risk to be limited
given that it does not take part in tenders.
The risk from acts of corruption is still less significant for other Group companies since the activities that generally are at risk
of amounting to corruption are not executed by these companies or – if they are carried out – are of marginal importance
due to the fact that these companies only carry out workmanship on an outsourced basis for the Parent company and/or on
behalf of the latter.
✱ For details see paragraph 6.3 “Managing risks to include sustainability”.

Table 6 – Principal risks associated with corruption in the Ratti Group

Description of the main risks Mitigation action taken

The possibility that corporate The Ratti Group is adopting organisational and procedural measures aimed at reducing the risks
representatives might commit illegal of illicit acts being committed – especially the risk of corruption. During 2018, Ratti updated MOG
acts that are particularly significant 231/01 by adding the offence of corruption between private individuals..
from an administrative and/or Presence of a whistleblowing policy.
criminal point of view, and could lead
to penalties or reputational damage. At Group level the Code of Ethics was updated and the Suppliers’ Code was introduced – as was a pro-
cedure for allowing Group stakeholders to file reports relating to the Code of Ethics. To this end, a Group
Ethics Committee was established, with the role of disseminating the principles of the Code of Ethics and
dealing with any reports of violations..
During 2019, training was carried out for top management on MOG 231/01 in Ratti SpA and on the Code
of Ethics in Creomoda, La Maison des Accessoires and Textrom.
For 2021, it is expected that the Code of Ethics and MOG 231/01 will be updated (for offences introduced
after 2018). Training activities, suspended in 2020 as a result of COVID-19, will continue.

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