CONSOLIDATED SUSTAINABILITY REPORTING
2024
Goals
The Consolidated Sustainability Statement (or “Declaration”, or “Disclosure”) provides the reader with clear, accurate, transparent and understandable information on the impacts generated by the AVIO Group in the environmental and social spheres, in addition to impacts pertaining to personnel, respect for human rights and the fight against corruption caused directly or indirectly by the Company, or to which the Company has contributed. The document offers an accurate understanding of the main risks and opportunities associated with the Group’s business activities, in addition to the results achieved and the performances in the area of sustainability.
As of fiscal year 2024, as a result of the new provisions introduced by Legislative Decree No. 125/2024, which transposed Directive (EU) 2022/2464 (“CSRD Directive”) into Italian law and required certain categories of companies to publish the consolidated sustainability statement in accordance with the new European Standards (“ESRS”), the AVIO Group is responding to these new disclosure requirements.
GOVERNANCE & STRATEGY
Management of impacts, risks and opportunities
Management of impacts, risks and opportunities
Metrics
and targets
- Targets
- Metrics
- Expected Financial Results
OUR
STAKEHOLDERS
Avio considers its stakeholders to be among the company’s founding
pillars.
That is why it has dedicated departments to pursue a proactive approach to the stakeholders it deals with, through acknowledging their needs and adopting diversified involvement practices oriented towards inclusion, transparency, fairness, attention to ethical, environmental and social aspects and consistency with the group’s business.
MATERIAL TOPICS
In line with the requirements of the new CSRD regulation and the European Sustainability Reporting Standards (ESRS), the AVIO Group adopted, for the first time, a double materiality analysis process, examining materiality from both an impact perspective (inside-out) and a financial perspective (outside-in). This methodology, in compliance with the ESRS standards and the EFRAG operational guidelines, represents a significant evolution compared to previous reporting cycles, where the assessment was based solely on impact materiality under the GRI Standards. This new approach enables a more comprehensive and detailed analysis of the effects and implications on the Group’s business model and corporate strategy.
| Code | Title |
|---|---|
| ESRS 2 | General Disclosures |
| ESRS E1 | Climate Change |
| ESRS E2 | pollution |
| ESRS E3 | Water and marine resources |
| ESRS E4 | Biodiversity and ecosystems |
| ESRS E5 | Resource use and circular economy |
| ESRS S1 | Own workforce |
| ESRS S2 | Workers in the value chain |
| ESRS S3 | Affected communities |
| ESRS S4 | Consumers and end-users |
| ESRS G1 | Business conduct |
| – | Avio specific – Innovation, research and development** |
OUR COMMITMENT
Avio’s goal is to create a better, more sustainable tomorrow for future generations. To this end, it has chosen to draw inspiration from the 17 United Nations Global Goals for Sustainable Development, continuing its journey toward sustainable progress through the adoption of an integrated strategy that combines environmental, social, and governance protection with healthy economic growth. In its business model, Avio considers sustainability a fundamental principle that contributes to the definition of the Group’s strategic and operational decisions and ensures long-term growth consistent with the principles of respect for the environment, empowerment of people, and positive interaction with the territories and communities in which it operates.
The company has also implemented a gender equality management system in compliance with UNI/PdR 125:2022, which was certified on February 21, 2025. Gender equality certification is a recognition of a company’s commitment to promoting policies and practices aimed at reducing the gender gap in the workplace. The launch of this project marks the beginning of a company’s plan to implement a conscious development program aimed at increasing gender equality. It evaluates various areas, such as equal pay, access to leadership roles, work-life balance, and professional development opportunities for men and women. Certification demonstrates the adoption of inclusive and diversity-respecting policies and can help improve the company’s reputation and competitiveness in the market.
In this regard, Avio has appointed a Gender Equality Steering Committee, composed of the Chairman of the Board of Directors and members of the Sustainability Committee, HR Director, General Counsel, and Sustainability Director, and has approved the Gender Equality Policy.
Avio S.p.A.’s Gender Equality Policy is based on the following fundamental principles: (i) impartiality, inclusiveness, and fairness; (ii) ethics, correctness, and transparency; (iii) development of human resources in accordance with the principle of equal opportunities; (iv) protection of the psychological and physical well-being of individuals; and (v) absolute opposition to all forms of violence and discrimination.
OUR SDGs GOALS
In 2021, the Avio Group drew up a Sustainability Policy, which outlines a concrete path for integrating sustainability into the business:
in line with the Sustainable Development Goals (SDGs) of the UN 2030 Agenda, the main goals on which it is based are the technology and innovation that form the core business of the Avio Group.
It focusses on topics in relation to which Avio can make a concrete and significant contribution to sustainable development to define specific lines of action that can help support and enhance the business.
Avio wants to distinguish itself as leader in technological development and innovation through cutting-edge products and services. Technological development aims to maximise the positive impact of the group’s activities in three dimensions related to the SDGs.
Among the goals on which the Sustainability Policy is based, in line with the SDGs, Avio aims above all for development of a cleaner space [SDG 9], to greater observation of the Earth for sustainable development [SDGs 13 and 15] and support of life in space [SDG 17].
The most significant and relevant initiatives on Gender Inclusion include membership of the Valore D association, The first corporate association promoting gender balance and an inclusive culture to foster companies and country growth. Avio has been granted with the Gender Equality Certification
In terms of occupational health and safety and prevention of major environmental incidents, Avio complies with current regulations in order to protect and ensure a safe working environment and business continuity.
Avio wants to become a major contributor internationally to space debris removal missions, the presence of which is potentially dangerous because it increases the likelihood of collisions with satellites.
Satellite technology is crucial for observing planet Earth: of the satellites that are in geostationary orbit, 27% collect data needed for a variety of purposes, including food security of endangered areas, observing changes in ecosystems, mapping the effects of climate change, etc.
Avio undertakes to contribute to the combating corruption through practices and policies that implement a culture of transparency and anti-corruption.
Avio aspires to become a reference interlocutor for promoting a paradigm of open innovation, which serves to maximise synergies with satellite manufacturers and research centres for the development of Earth observation technologies. In addition, it has co-signed the “Statement for a Responsible Space Sector” with other industrialists and representatives of the European Space Community (2022), which aims to provide a basis for sustainable development of the space sector and increase the contribution of space activities for the benefit of society.
sustainable goals
for the future
Avio aims to create a better tomorrow that is more sustainable for future generations. That is why it decided to take inspiration from the United Nations’ 17 Global Sustainable Development Goals, continuing on its path towards sustainable progress by adopting an integrated strategy capable of combining environmental, social and governance protection with healthy economic growth.
In its business model, Avio considers sustainability to be a fundamental principle that contributes to the definition of the group’s strategic and operational choices and guarantees, in the long term, growth consistent with the principles of respect for the environment, appreciating people, and positive interaction with the surroundings and communities in which it operates
ENVIRONMENTAL
For several years, the Avio Group has had an Environmental Policy that, besides complying with all applicable legal and other regulatory requirements, formalises the company’s commitment to continuously improving its environmental performance and minimising the impact of its production site and facilities.
Scope 1 emissions were 1,262 tCO2e, Scope 2-Location based emissions 25.24 tCO2e, Scope 2-Market based emissions 41.45 tCO2e, and Scope 3 emissions 565.296tCO2e. Specific reduction targets are being developed.
| Greenhouse Gas Emissions | Uom | TOTAL |
|---|---|---|
| Gross GHG emissions Scope 1 | TCO2e | 1.262 |
| Gross GHG emissions Scope 2 (Location-based) | TCO2e | 25,24 |
| Gross GHG emissions Scope 2 (Market-based) | TCO2e | 41,45 |
| Gross GHG emissions Scope 3 | TCO2e | 565.296 |
GOVERNANCE
Avio’s system of Corporate Governance is characterised by the central role assigned to the Board of Directors and Committees (Sustainability, Control and Risks, Appointments and Remuneration) as well as the Supervisory Board and Board of Statutory Auditors).
Furthermore, an essential and qualifying element of Corporate Governance is the Internal Control and Risk Management System, inspired by current best practices and the international Enterprise Risk Management – Integrated Framework standard. The primary objective of ERM activities is to ensure optimal identification, measurement, management, and monitoring of corporate risks.