Sustainability Report 2020
ANALYSIS OF MATERIALITY
The analysis of materiality is the main reference established by the GRI Standards for drawing up the Sustainability Report. Materiality refers to the threshold when issues become important enough to be reported, since they influence the organization and its stakeholders in decision making, along with action and performance.
The process of material themes definition is divided into three points:
Priority themes Identification for the company and its stakeholders.
The attribution of a specific relevance quantified thanks to a numerical index assigned to each theme, on a 1-5 reference scale (“No relevance” – “Very high relevance”).
The identification of themes reaching, at least, an “average relevance”, which corresponds to a score of 3 on the reference scale. These are considered as material themes by the Company and PSC will undertake to implement concrete and coherent initiatives.
The association between the themes of PSC and those of GRI Standards is constantly highlighted and issued in the GRI Content Index of the current report.
PSC material issues and relevant terms are in details in the following pages.
In order to make their consultation easier as well as their tools management more effective, the material themes identified have been grouped into three
macro-themes:
In 2020, a review of the material issued was carried out with the aim of providing an up-to-date and representative framework of the Group, in the light of both internal and external developments.
The review is based on a critical analysis of the material issues carried out within the Working Group, to which it was added a series of interviews involving PSC Italy representatives of departments, Europe and Brazil, in order to urge a debate on current issues, which may be of interest to the Group. In particular, the topics discussed were Covid-19 pandemics management, sustainable mobility and equal opportunities.
The audit activity specifically determined:
- Clarification of the concept of sustainable mobility in the area of “Research, development and technological innovation”;
- Unfication of “Relations with business partners” and “Customer satisfaction and product quality” issues into a single topic, called “Relations with customers (business partners)”;
- Unification of “Training and Staff Development” issues into “Workers’ Welfare”;
- Unification of “Sustainable production” into a broader topic of “Compliance”;
- Elimination of “Biodiversity”.
| Macro-theme | Material themes | Theme definition |
|---|---|---|
Generated Value
|
Risk management | Operate according to risks and opportunities in the economic, social and environmental field, for PSC operability and image. |
| Research, development and technological innovation | Research and technological innovation as strategic factors to increase our products competitiveness, in line with a sustainable development and mobility | |
| Relationships with customers (business partner) | Relate to our customers, in the role of main business partners, acknowledging value to cooperation, synergies and social responsible behavior, in order to achieve higher levels of knowledge and greater quality and to build a lasting relationship with mutual satisfaction | |
| Compliance | Guarantee compliance with mandatory or voluntary regulations through the employees endorsement and thanks to appropriate organizational and management models, as well as to achieve performance and sustainable targets, which can be assessed and certified | |
| Responsible management of the supply chain | Involvement of the supply chain by sharing the principles, policies and tools for the sustainability and social responsibility | |
| Local communities | Attention and comparison with the local community expectations, through an open, transparent and constructive dialogue. |
| Macro-theme | Material themes | Theme definition |
|---|---|---|
Workers |
Well-being of employees | Consider employees as a fundamental element of the company’s value, and guarantee their well-being through some training appropriate for the development of individual skills, an organization and environment that will foster our commitment for quality along with personal and professional satisfaction achievement. |
| Health and safety at work | Guarantee processes safety and workers’ health protection throughout all procurement and production stages. | |
| Equal opportunities and diversity | Enhance personal and cultural diversities of partners, suppliers and customers, avoiding discrimination and facilitating aggregation. |
| Macro-theme | Material themes | Theme definition |
|---|---|---|
Natural Resources and Environment |
Energy consumption | Responsible use of energy resources achieved, when possible, by technologies and energy saving activities along with renewable resources option. |
| Emissions in the atmosphere | Carry out operations, by taking the opportunities to prevent and mitigate emissions in the atmosphere, by protecting air quality and contrasting climate change. | |
| Sustainable production | Adopting management models in accordance with good practice and international standards, in order to achieve sustainability targets, which can be measurable and certifiable. | |
| Waste management | Apply, when possible, the most effective practices for reduction, through prevention, and waste recycling. | |
| Water resource protection | Responsible use of water thanks to technologies and policy aimed at reducing its quality, when taking it, and preserving the original quality |
This Sustainability Report reflects the analysis of materiality carried out by PSC and in each section the points concerning the three macro-themes are described in details. This approach allows a more flexible consultation of information and well represents our approach to sustainability, according to a model, which ranges from general to a more specific one.