Piaggio & C : CSR Report 2021

"We are not just vehicle manufacturers. Through technological and social progress, we champion global mobility, in a responsible and sustainable way. Our aim is to make the quality of our life and that of future generations better".

CONTENTS

CORPORATE SOCIAL RESPONSIBILITY REPORT.................................................................................................................................	4
LETTER FROM THE CHAIRMAN..................................................................................................................................................................	5
GUIDANCE..........................................................................................................................................................................................................	8
ITS FOUNDATIONS.........................................................................................................................................................................................	10
PROCESS OF REPORTING AND ASSURANCE.......................................................................................................................................	10
MATERIALITY ANALYSIS...............................................................................................................................................................................	11
CONTENTS OF THE REPORT.......................................................................................................................................................................	13
THE COMMITMENT OF THE PIAGGIO GROUP..................................................................................................................................	16
MISSION.............................................................................................................................................................................................................	20
PIAGGIO'S CORPORATE SOCIAL RESPONSIBILITY MODEL............................................................................................................	21
GROUP PROFILE..............................................................................................................................................................................................	28
THE PIAGGIO GROUP BUSINESS MODEL..............................................................................................................................................	30
CORPORATE STRUCTURE............................................................................................................................................................................	34
HISTORY.............................................................................................................................................................................................................	35
MAIN EVENTS AND AWARDS OF 2021.................................................................................................................................................	36
PIAGGIO AT A GLANCE...............................................................................................................................................................................	37
PIAGGIO GROUP CERTIFICATION............................................................................................................................................................	38
EUROPEAN TAXONOMY.............................................................................................................................................................................	39
SUSTAINABILITY GOVERNANCE............................................................................................................................................................	43
THE SYSTEM FOR RESPONSIBLE BUSINESS MANAGEMENT........................................................................................................	46
SOCIAL AND ENVIRONMENTAL-ORIENTED POLICIES AND GUIDELINES..............................................................................	47
RISK MANAGEMENT.....................................................................................................................................................................................	51
THE ECONOMIC DIMENSION..................................................................................................................................................................	60
2021 RESULTS AND FUTURE OBJECTIVES.............................................................................................................................................	62
PUBLIC GRANTS AND TAX BENEFITS.....................................................................................................................................................	64
TAXES..................................................................................................................................................................................................................	65
VALUE FOR SHAREHOLDERS.....................................................................................................................................................................	68
COMMUNICATION WITH SHAREHOLDERS AND INVESTOR RELATIONS..............................................................................	69
THE PRODUCT DIMENSION.......................................................................................................................................................................	71
GROUP OBJECTIVE........................................................................................................................................................................................	76
RESEARCH GUIDELINES...............................................................................................................................................................................	78
EUROPEAN FUNDED PROJECTS..............................................................................................................................................................	90
MEETING CUSTOMER REQUIREMENTS................................................................................................................................................	93
THE ENVIRONMENTAL DIMENSION.....................................................................................................................................................	98
VEHICLES PRODUCED................................................................................................................................................................................	102
ENVIRONMENTAL MANAGEMENT SYSTEM....................................................................................................................................	103
ENVIRONMENTAL CERTIFICATION.......................................................................................................................................................	103
ENERGY CONSUMPTION..........................................................................................................................................................................	103
EMISSIONS OF CO2 AND OTHER POLLUTANTS...............................................................................................................................	105
CONSERVING WATER RESOURCES.......................................................................................................................................................	107
WASTE HANDLING AND RECOVERING...............................................................................................................................................	110
ENVIRONMENTAL SPENDING AND INVESTMENTS........................................................................................................................	113
LOGISTICS........................................................................................................................................................................................................	114

THE SOCIAL DIMENSION..........................................................................................................................................................................	116
DEVELOPING HUMAN RESOURCES.......................................................................................................................................................	119
STAFF..................................................................................................................................................................................................................	119
PERSONNEL MANAGEMENT POLICIES...............................................................................................................................................	120
INDUSTRIAL RELATIONS...........................................................................................................................................................................	129
OCCUPATIONAL HEALTH AND SAFETY.............................................................................................................................................	133
RESPONSIBLE MANAGEMENT OF THE SUPPLY CHAIN................................................................................................................	136
SUPPORTING LOCAL COMMUNITIES..................................................................................................................................................	139
CHARITY ACTIVITIES AND SPONSORSHIPS.....................................................................................................................................	144
TABLE OF GRI INDICATORS (GRI CONTENT INDEX)....................................................................................................................	148
REPORT ON THE LIMITED AUDITING OF THE 2021 CORPORATE SOCIAL RESPONSIBILITY REPORT....................	156