Materiality analysis

Aspects that have a direct or indirect impact on an Organization’s ability to create, preserve or damage its economic, environmental or social value, or those of its stakeholders and society in general are material.

Ansaldo STS has analysed the most relevant aspects of sustainable development and reported them to its stakeholders. This has contributed to developing a corporate responsibility culture both within and outside the company. The analysis, performed for the third consecutive year, included more stakeholder categories (suppliers, banks and customers).

The stakeholders’ judgement was “weighted” based on a map which assessed their ability to influence the company’s performance and to be influenced by it.

Aggregation of the results gave the following matrix.

There were no significant changes compared to 2014.

The stakeholders and Ansaldo STS remain generally in agreement: aspects considered important to the company are also important to stakeholders.

Economic and governance aspects have a great influence both in terms of stakeholders’ opinions and the impact on the company’s performance. Customer satisfaction, Creation of economic value and Innovation are, in this order, the seen internally as the most influential aspects affecting the company’s performance.

Customer satisfaction and Anti-corruption are also the most influential economic aspects with respect to stakeholders’ opinions. The Quality of governance and the Integrated quality, safety and environmental management system are highly influential aspects with respect to both Ansaldo STS’s performance and stakeholders’ opinion.

Social risk management has a medium to high influence on both stakeholders’ opinions and the company’s performance.

Social aspects have a medium to high influence on stakeholders’ opinions and performance.

Workers’ safety, Training and Welfare are considered as factors that have a high positive impact on the company’s performance internally. Workers’ safety is the most important of the three for stakeholders.

Respect for human rights is extremely important, both internally and externally, while Respect for local communities is more important externally. Sustainability of the supply chain was also valued as of medium to high importance and influences stakeholders’ opinions more while the Equal opportunities and Stakeholder involvement aspects have the same impact on opinion and the company’s performance.

Environmental aspects have a medium to low influence both with regards to the stakeholders’ opinion of the company and its performance. This is mainly due to the following factors: the type of business carried out by Ansaldo STS and its sector is not seen as problematic in environmental terms; moreover, internally, the company is aware of the care taken to manage these aspects.

Consumption of energy and raw materials is seen by the company as important to its performance: if the company can reduce this, it saves money, positively affects the environment and improves its stakeholders’ opinion of it. A reduction in the Environmental impact of products has a medium to high effect on stakeholders’ perception: the better they are found to be by customers, the more competitive a company becomes.

The Reduction of greenhouse gas production has a medium and medium-low effect on stakeholders’ opinions and the company’s performance, respectively.

Finally, Water management and Protecting biodiversity are the least important aspects both externally andinternally. This is due to the general view that only certain material impacts can damage biodiversity, which is not the case with regard to Ansaldo STS.