IGD’s committment to legality
The Legality Rating is a tool introduced in 2012 for Italian companies, aimed at promoting and introducing principles of ethical corporate behavior. It is a synthetic indicator which, through the assignment of a score, measured in “stars”, from a minimum of one to a maximum of three, is indicative of compliance with the law for companies that have requested it and, more generally, it is indicative of the degree of attention to the correct business management. This rating is also a prerequisite to obtaining public funds and bank credit at better conditions.
The legality rating is assigned by the Italian Competition Authority (Autorità Garante della Concorrenza e del Mercato – AGCM), it has a duration of two years from the issue and it’s renewable upon request. Companies operating in Italy that have achieved a minimum turnover of two million euros in the year ended the year prior to the request and that have been registered in the business register for at least two years can request the attribution of the rating.
The Legality Rating represents a reward system for those enterprises that abide by the law and adapt their organisations and business activities to follow suit, with the aim of increasing the security and the competitiveness of the market.
On 6 September 2016, IGD obtained for the first time the Legality Rating, with a score of three stars, the maximum score possible for this recognition, then confirmed in the two subsequent renewals requested respectively in 2018 and 2020.
This recognition rewards IGD’s commitment to adapt to the highest ethical-social and governance standards and, more generally, it confirms the focus that it places on the issue of Integrity in Business and Management, which is regarded as one of the five issues having a substantial impact on corporate performance within the sustainability strategy of the Group.
For more information you can visit the AGCM website.