Case study: How the Italmobiliare Group creates economic value for its stakeholders
The Italmobiliare Group, founded in 1946 and listed on the Milan Stock Exchange since 1980, is one of the leading Italian investment holding companies, owning and managing a diversified portfolio of equity and other investments with a strategic vision based on a financial and industrial history that goes back more than 150 years. Creating shared value in the long term for all its stakeholders, is a top priority for the Italmobiliare Group. Tweet This!
This case study is based on the 2020 Sustainability Report by the Italmobiliare Group, prepared in accordance with the GRI Standards, that can be found at this link. Through all case studies we aim to demonstrate what CSR/ ESG/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a company’s most important impacts on the environment, economy and society, and b) measuring, managing and changing.
In 2020, the economic value distributed by the Italmobiliare Group reached 527.9 million euros. In order to create economic value for its stakeholders the Italmobiliare Group took action to:
- create economic value for employees
- create economic value for suppliers
- create economic value for shareholders
- create economic value for capital providers
- create economic value for communities
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With this case study you will see:
- Which are the most important impacts (material issues) the Italmobiliare Group has identified;
- How the Italmobiliare Group proceeded with stakeholder engagement, and
- What actions were taken by the Italmobiliare Group to create economic value for its stakeholders
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What are the material issues the company has identified?
In its 2020 Sustainability Report the Italmobiliare Group identified a range of material issues, such as governance and integrity, market and communities, responsible investments, health, safety and wellbeing. Among these, creating economic value for its stakeholders stands out as a key material issue for CNH Industrial.
Stakeholder engagement in accordance with the GRI Standards
The Global Reporting Initiative (GRI) defines the Principle of Stakeholder Inclusiveness when identifying material issues (or a company’s most important impacts) as follows:
Stakeholders must be consulted in the process s of identifying a company’s most important impacts and their reasonable expectations and interests must be taken into account. This is an important cornerstone for CSR / sustainability reporting done responsibly.
Key stakeholder groups the Italmobiliare Group engages with:
To identify and prioritise material topics the Italmobiliare Group engaged with its stakeholders through the following channels:
| Stakeholder Group | Method of engagement |
| Personnel: employees and their representatives
| · Continuous manager/team dialogue · Safety initiatives · Thematic events · Industrial relations |
| Management: holding company and portfolio companies | · Continuous management
|
| Financial community: investors, analysts, shareholders, capital providers, rating agencies | · Dedicated meetings · Road shows · Corporate and web documents
|
| Customers: B2B, B2C and end-users
| · Fairs · Forums and sector events · Direct individual contacts · Customer satisfaction and quality |
| Supply chain: suppliers of goods and services
| · Strategic partnerships · Supply chain management · Direct individual contacts · Qualification audits |
| Communities, media and NGOs: local and global
| · Interviews · Conferences · Dialogue with the community · Social initiatives |
| Associations: partnership and academia
| · Meetings · Conferences · Shared initiatives · Partnerships · Research |
| Authorities and institutions | · Individual or collective interactions (e.g. meetings, conferences, events) |
What actions were taken by the Italmobiliare Group to create economic value for its stakeholders?
In its 2020 Sustainability Report the Italmobiliare Group reports that it took the following actions creating economic value for its stakeholders:
- Creating economic value for employees
- In 2020, the Italmobiliare Group paid 111.6 million euros for salaries and staff benefits.
- Creating economic value for suppliers
- In 2020, the Italmobiliare Group paid 372.3 million euros to suppliers.
- Creating economic value for shareholders
- In 2020, the Italmobiliare Group paid 62.6 million euros in dividends and interests.
- Creating economic value for capital providers
- In 2020, the Italmobiliare Group paid 5.8 million euros to capital providers.
- Creating economic value for communities
- In 2020, the Italmobiliare Group spent 2.3 million euros in social investments.
Which GRI Standards and corresponding Sustainable Development Goals (SDGs) have been addressed?
The GRI Standard addressed in this case is: Disclosure 201-1 Direct economic value generated and distributed
Disclosure 201-1 Direct economic value generated and distributed corresponds to:
- Sustainable Development Goal (SDG) 8: Decent Work and Economic Growth
- Targets: 8.1, 8.2
- Sustainable Development Goal (SDG) 9: Industry, Innovation and Infrastructure
- Targets: 9.1, 9.4, 9.5
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References:
This case study is based on published information by the Italmobiliare Group, located at the link below. For the sake of readability, we did not use brackets or ellipses. However, we made sure that the extra or missing words did not change the report’s meaning. If you would like to quote these written sources from the original please revert to the following link:
https://www.italmobiliare.it/sites/default/files/documenti/2021-03/DNF%202020-eng.pdf
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