6 The Governing Body is responsible for defining, directing, and developing the company’s mission and shared value creation strategy. The Board of Directors of Osculati places increasing importance on Sustainability, both in terms of shared goals and concrete actions aimed at raising Stakeholder awareness and developing a more structured ESG management system. At present, the Company does not have internal control or risk management processes specifically related to sustainability reporting. However, the development and implementation of such processes are planned for the coming years. In addition, the Company has not yet adopted incentive systems or remuneration policies linked to sustainability matters for members of its administrative, management, and supervisory bodies. GOV 2 – Information Provided to the Administrative, Management, and Supervisory Bodies and Sustainability Issues Addressed The effective management and careful oversight of sustainability matters are key priorities for Osculati. For this reason, an ESG function was established in 2020, under the supervision of the Board of Directors, in order to implement a solid sustainability governance framework that reflects the policies adopted. The Board of Directors is responsible for approving the corporate sustainability plan’s policies, strategies, and objectives, as proposed by the ESG function. The Board also delegates the implementation of ESG actions to the relevant business functions. Furthermore, the current Governing Body is actively engaged in coordinating and supervising the company’s day-to-day operations, guiding decisions that have both direct and indirect impacts on society, the environment, and the economy. GOV-4 – Statement on the Duty of Care At present, Osculati does not yet have a fully formalized and structured ESG due diligence process. However, the company has already implemented several tools and practices inspired by the key principles underlying such a process. The actions undertaken to ensure the responsible management of environmental impacts, the attention to human resources, and the adoption of transparent governance practices—such as the Code of Ethics—provide a solid foundation upon which to build a comprehensive due diligence system, capable of effectively integrating ESG topics throughout the value chain.
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