IGD undertakes to operate ethically and to ensure that all the necessary safeguard measures are in place, in order to guarantee compliance with the law both with regard to its own conduct and by positively influencing the context in which it operates.
UP TO 2027
UP TO 2035
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We have adopted a governance system aligned with the best practices of listed companies, in line with the provisions of the Corporate Governance Code for listed companies developed by the Corporate Governance Committee of Borsa Italiana. Our governance structure, based on the traditional model, consists of the following bodies: Shareholders’ Meeting, Board of Directors, and Board of Statutory Auditors.
Find out more about our corporate governance structure
In 2006, IGD’s Board of Directors approved its Code of Ethics, a document that groups together and defines the values and principles that inspire and shape IGD’s conduct in its relations with its stakeholders.
The Code of Ethics:
The Board of Directors held on 5 November 2020, approved a new version of the Code; the need for this version arose as a result of both the adoption of new internal policies and procedures by the Company (anti-bribery, privacy, whistleblowing, corporate welfare, etc.) and the need to comply with external laws and regulations. The Code also contains the new version of the Charter of Values, the element that inspires corporate behaviour.
The Designated Body, ie the Anti-Corruption Function for notifications regarding the Code of Ethics, is responsible for verifying the existence of any potentially unlawful behaviour reported by stakeholders by means of the whistleblowing procedure. In 2024 no notification was received by the Designated Body.
Find out more on our Code of Ethics
In Romania in 2012 we adopted a “Protocol to promote business sustainability”, a document which is appended to the contract signed by all new suppliers and which commits them to behave in such a manner that is consistent with the ethical principles defined in the document itself, and failure to do so constitutes a breach of contract. Between 2012 and 2024 a total of 449 Sustainability Protocols were signed, actively contributing to the dissemination of respect for workers’ rights in Romania.
In line with what is defined in our Charter of Values and consequently in our Code of Ethics, we are committed in guaranteeing human rights and compliance with legality. Therefore in 2020 we joined the Global Compact, , the highest reference at international level on issues of respect
for human rights and labour conditions and on active policies against corruption.
In contractual relations with suppliers and tenants, the Company has included specific areas to be monitored to safeguard legality and ethics. In relations with both these stakeholders, the Company is working in order to develop procedures and policies to safeguard these aspects. Both suppliers and tenants are subjected to due diligence before the relative contract and/or agreement is signed, to assess the nature and entity of the risk of corruption.
Between 2023 and 2024, IGD defined a Responsible Supply Chain Policy, with the aim of sharing both internally and externally a tool that determines those which, for the Company, are considered to be the standards for healthy and safe work conditions and for environmental responsibility throughout the entire supply chain. The Policy was approved at the beginning of 2024 and refers to all the supply contracts of the Group and of the Shopping Centre Consortiums for purchases exceeding €10,000.
In 2024 IGD also defined a «Responsible Tenancy Policy» which regards all the tenants that operate in its freehold Shopping Centres or in those managed by IGD. The aim of the Policy is to promote a process that is shared with the tenants, starting with the common awareness of the important social and environmental contribution that every player operating in the Shopping Centres can provide.
Both policies were approved by the Board of Directors.
ANTI-CORRUPTION
Moreover, prevention and the fight against corruption, Both in relations with the private sector and in those with the public administration, in addition to the spread of a culture of legality, are an indispensable priority for IGD. For this reason, over the years, IGD SIIQ S.p.A has introduced increasingly stringent measures on this issue:
In 2024 no incidents related to corruption were observed. Furthermore, IGD SIIQ S.p.A was not
involved in any legal actions regarding anti-competitive behaviour or violation of antitrust and anti-monopoly laws.
CYBERSECURITY
The internalisation process of IGD’s IT systems, which began in 2022, continued in 2023 and 2024. In 2024 measures aimed at improving its organisational and technological standing in the area of security were introduced. In the last few months of the year, a supplier selection process was launched, capable of further aiding the organisation in the field of cybersecurity.
Aware that our tax payments contribute to the economic and social development of the areas in which we operate, we pay taxes exclusively in the countries where we do business, that are Italy and Romania.
We align our conduct regarding taxation to comply with the laws and regulations in force and, in accordance with the responsibility principle as stated in the Group’s Code of Ethics, the approach and the fulfilment of tax obligations are carried out with a view to transparency and legitimacy. We annually report on the tax operations in our Annual Report, with a country-by-country approach.
