Somec S p A : is rated by Sustainalytics on its ESG risk performance

PRESS RELEASE

SOMEC IS RATED BY SUSTAINALYTICS

ON ITS ESG RISK PERFORMANCE.

The rating gives Somec an ESG risk of 24,5

and classifies the Italian company 43rd out of 133 in the industry

San Vendemiano (TV), 07th July 2021

SOMEC S.p.A. (MTA TICKER: SOM) announces that Sustainalytics has rated the Group on its ESG (Environmental, Social and Governance) factors performance.

SOMEC has voluntarily undergone Sustainalytics independent valuation to enhance its transparency towards stakeholders and boost its approach on its sustainability path.

The rating measures the managed and unmanaged risks of environmental, social and governance factors: SOMEC received an ESG Risk Rating of 24.5, classifying it 43rd on 133 companies in the industry. The rating measures a company's exposure to industry-specific material ESG risks and how well a company is managing those risks.

As part of its rating process, Sustainalytics evaluates the material ESG issues (MEI's), which Somec faces. For Somec, business ethics, resource use, and emissions, effluents and waste issues were rated as having 'medium' ESG risk, while product governance and occupational health and safety were classified as negligible. The environmental and social impact of product and services, and Carbon-Own Operation MEIs received a rating of medium risk.

Oscar Marchetto, Chairman of Somec, commented: "In the area of products, especially in curtain walls, the Group contributes to creating environmental savings for customers by respecting the need of very low consumption buildings, where the insulation in which Somec is specialized has a strong impact. it is specialized. With regard to corporate governance, the Group has embarked on an efficiency process that is meeting the strong growth due to acquisitions which took place in a very short time. The mapping of carbon own operations - continues Marchetto - is a first step to establish a benchmark for continuous improvement which is in the nature of the company ".

For further details, an abstract of the report is published on Sustainability website at https://www.sustainalytics.com/esg-rating/somec-spa/2002164726

about SOMEC SpA

SOMEC SpA is specialized in the engineering, design and realization of complex construction keys-in-hand projects, in civil and naval engineering, specifically in glazing enclosures, kitchen systems and products and bespoke interiors. All the main companies of the group operate in a similar biz model, focussed on the design, production and installation of engineered systems, according to rigorous quality and safety standards in civil and naval engineering.

The projects managed by the group distinguish themselves for its high grades of personalization and specific know-how of different materials, a key requirement in high added-value projects.

Through strict certification and credit-building process, SOMEC has reached a quality reputation and operational and financial reliability on a global scale. SOMEC is headquartered in San Vendemiano (TV) and has companies in UK, US, Slovakia, China and Canada, it employs about 800 people and had revenues of €223.4m in 2020.

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