Materiality analysis

Aspects that have a direct or indirect impact on an organisation’s ability to create, preserve or damage its economic, environmental or social value, or those of its stakeholders and society in general are material.

Ansaldo STS has analysed the most relevant aspects of sustainable development and communicated them to its stakeholders. This has contributed to developing a corporate responsibility culture both within and outside the company.

The analysis, performed for the second year, involved the members of the internal sustainability committee and a panel of stakeholders (customers, suppliers, banks, financial analysts, opinion leaders, consultancy companies and universities). It consisted of three stages: 1.

Re-identification of the aspects relevant to sustainability; 2. Analysis of their impact on the company’s performance (internal survey); 3. Analysis of their influence on stakeholders’ opinion and decisions (external investigation).

Aggregation of the results gave the following matrix:

Observation of the materiality matrix leads to the following conclusions: • The stakeholders and Ansaldo STS are generally in agreement: aspects considered important to the company are also important for the stakeholders.

  • Environmental aspects have a medium to low influence both as regards the stakeholders’ opinion of the company and its performance.

This is mainly due to the following factors: the type of business carried out by Ansaldo STS and its sector are not seen as problematic in environmental terms; moreover, internally, the company is aware of the care taken to manage these aspects.

Consumption of energy and raw materials and greenhouse gas production (tied to this consumption) are seen by the company as important to its performance as they can affect it profits: if the company can reduce them, it saves money, positively affects the environment and, hence, improves its stakeholders’ opinion of it, creating a virtuous circle. A reduction in the environmental impact of products has a medium to high effect on stakeholders’ perception: the better they are found to be by customers, the more competitive a company becomes.

Protecting biodiversity is the environmental aspect that is the least important aspect internally and externally. This is due to the general view that only certain material impacts can damage biodiversity, which is not Ansaldo STS’ case.

  • Social aspects have a medium to high influence on stakeholders’ opinions and performances.

Workers' safety, training and welfare are considered as factors that have a high positive impact on the company’s performance internally. Workers'safety is the most important of the three for the stakeholders.

Respect for human rights and respect for local communities are equally important to the stakeholders and internally. Sustainability of the supply chain was also valued as of medium to high importance and influences stakeholders’ opinions more while the equal opportunities aspect has a higher impact on the company’s performance.

  • Economical and governance aspects have a great influence on both stakeholders’ opinions and the impact on its performance perceived by the company. Customer satisfaction, creation of economic value and innovation are, in this order, the most influential aspects affecting the company’s performance seen internally.

Anti-corruption is the most influential aspect affecting the stakeholders’ opinions and obtained the same score internally as well with respect to its effect on the company’s performance. Quality governance and the integrated quality, safety and environmental system are all aspects considered very important by both the company and its stakeholders.

Management of corporate risks has a high impact on stakeholders’ opinions and a medium to high impact for the company while stakeholder involvement is valued as medium to high for both.

Differences compared to the 2013 materiality analysis

Overall, significant differences were not identified compared to the analysis performed in 2013.

Slightly more importance was given internally to three environmental aspects: reduction of greenhouse gases, reduction of energy consumption and waste management.