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.
Transparency, integrity and legality are an essential and integral part of IGD’s vision and culture, above all in terms of CSR. It is from this that our commitment, in terms of compliance to rules and regulations in the sector and to the highest national and international standards, arises.
Raffaele Nardi
Director of Planning, Control and Investor Relations
Material issue
Governance, ethics and corruption
Targets
UP T0 2024:
Increasingly integrate sustainability risks into Enterprise Risk Management
Develop a Corporate Cybersecurity Strategy
Codify a system for the assessment of suppliers along the supply chain with a regarg to sustainability
Maintain the highest Legality Rating possible
Maintain the UNI ISO 37001 Certification
UP TO 2030:
Best-in-class for corporate governance and legality
Include the supply chain in our corporate CSR policies in an increasingly organic way
Implement all the available controls needed to guarantee privacy and cybersecurity
renewed the Legality rating with the highest score possible
ERM
Implemented the enterprise risk managemen system with the outsourcing of the role of risk manager
Governance, ethics and corruption
We adopted a governance system aligned with the best practices of listed companies and in line with that contained in the Code of Conduct of listed companies developed by the Corporate Governance Committee of the Italian Stock Exchange (Borsa Italiana). Our governance structure, based on the traditional model, is made up of the following bodies: Shareholders’ Meeting, Board of Directors and Board of Statutory Auditors.
The importance of the Code of Ethics in our activity
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:
is the first element on which the Organisational, Management and Control Model;
is an integral part of employment relationships with employees and it is included in the employment Contract signed at the moment of recruitment;
is a benchmark for relations with suppliers, as IGD requires that they endorse it in tenders and mandates;
gives anyone that learns about breaches of the principles of the Code itself and/or of the operating procedures which make up the Model, the opportunity to notify the Compliance Committee
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 Supervisory Board is responsible for verifying the existence of any potentially unlawful behaviour reported by stakeholders by means of the whistleblowing procedure. In 2022 no notification was received by the Supervisory
Board by means of this procedure
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 2022 a total of 390 Sustainability Protocols were signed, actively contributing to the dissemination of respect for workers’ rights in Romania.
Our commitment to protect legality
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.
Moreover we are committed to constantly monitoring the safeguards and protection measures in place aimed at combatting corruption. To consolidate this committment, the Company in 2018 obtained UNI ISO 37001 – Anti Bribery Management Systems Certification, for its Romanian subsidiary Win Magazine SA. This is the only internationally recognized standard that certifies a management system actively involved in preventing and combatting corruption within the corporate environment.
Thanks to this achievement, in 2019 we voluntarily launched also in Italy a project aimed at the implementation and execution of a management system for the prevention of corruption pursuant to ISO 37001:2016 international regulations.
The activities carried out in 2019 led to the definition of:
Anti-Corruption Policy: this document establishes the principles and the general goals of the Anti-bribery System, amongst which the prohibition of any form of corruptive behaviour;
ISO 37001 Management System Manual: this specifies the requirements and the guidelines in order to establish, execute, maintain, update and improve the anti-bribery management system implemented by IGD.
In 2022, as required by the certication, the second yearly maintenance audit was carried out and, at the same time, measures were introduced to respond to the recommendations that had emerged from the 2021 audit.
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.
