Sustainability Report 2022
Structure and organization
Prima Sole Components is a single member stock company, 100% owned
by BS Holding, whose administrative centre and registered office are
located in Torrice, in the province of Frosinone.
The government structure provides for a three-year Board of Directors
(BoD) of five members. The Chairman and the Chief Executive Officer
have powers of ordinary and extraordinary administration with disjoint
signature.
The definition of business strategies, including economic, environmental
and social issues, is one of the BoD’s competences: by monthly monitoring,
through the central and individual business unit committees, and without
prejudice to the responsibilities delegated to the corporate officers, the
President exercises control over all activities of the company, including
those related to sustainable development.
Site managers are delegated by the directors of the individual companies to
ensure compliance with mandatory environmental and social standards.
The enhancement and dissemination of sustainability skills within the
Group is ensured by the training plans implemented by the PSC Academy.
The CEO annually reviews the Group’s Strategic Plan, which also
contains the sustainability priorities. He also reviews the contents of the
Sustainability Report prior to its publication, and validates the update of
the material issues identified, which are listed in Chapter 2.
The President is also a major shareholder and holds no other corporate
office; therefore, there are no potential conflicts of interest in the
performance of his duties.
The members of the governing body are appointed according to strategic assessments and decisions made by the Chairman and the CEO, based on the specific skills of the candidates and their ability to manage business impacts, risks and opportunities. Instead, the performance of the BoD is assessed through the monthly reporting of profit and loss accounts. To date, there are no formal procedures for managing the remuneration of the highest governing body.
The central and individual business unit committees develop action plans aimed at managing and resolving any critical issues encountered. The Supervisory Board also carries out control activities on the correct application of the 231 Organisational Model and communicates, during periodic audits, any critical issues found, also on the basis of the reports received. No critical issues were reported in the reporting year.
The companies covered by this Sustainability Report are reported in the following diagram matching those that depend on PSC do Brazil, Sole Components, Prima Components Italia, Prima Components Europe (in 2020 called Prima East Europe Components) holding companies. 2022 saw the addition of the new plant in Pindamonhangaba II belonging to the business unit PSC do Brazil as the main novelty in the organization.
PSC plants, object of this report are present in five countries: Italy, Germany, Slovak Republic, Poland and Brazil.
The size of the organization in the last three years has followed the trend described below.