ESG
We believe in the ability of sustainability to create value in the long term.
The theme of ESG at Diasorin is a fundamental element of the Group’s strategy, according to which it is constantly in search of objectives consistent with the business and corporate identity.
For some time now, Diasorin has been organically combining its activities with the principles of environmental and social sustainability. A fundamental element of our approach is the corporate governance system, inspired by our founding principles of integrity and transparency.
Environment
“E” refers to the impact of the company’s activities on environmental issues, and on safety and health in the workplace.
Social
“S” means management of people according to the principle of merit, ensuring the non-existence of discrimination, and support to local communities through projects that impact the education of future generations.
Governance
“G” indicates Diasorin’s full adherence to the principles of “Governance” and “Compliance” required of listed companies, and management of the ESG 2023-2025 strategic program.
“At Diasorin, the adoption of the ESG model and the ESG 2023-2025 Plan represents not only a starting point, but a significant milestone. This transformative shift deserves complete understanding and development.”
Riccardo Fava
Corporate Vice President, Communication, ESG & Investor Relations at Diasorin.
FAQ
Environmental, Social and Governance (ESG) refers to a set of criteria designed to be incorporated into an organization’s sustainability strategy.
These criteria are useful both for measuring progress in achieving social and environmental objectives, and for assimilating within the corporate strategy the needs and ways in which to generate value for all the organization’s stakeholders.
ESG metrics help companies compare their efforts and measure their progress in line with sustainability principles. This naturally fits in with the Sustainable Development Goals (SDGs), formulated by the United Nations to exert increasing pressure on global sustainability challenges.
Material topics refer to the specific issues that are most important to a given sector in terms of sustainability efforts. In the diagnostic sector, the material topics include issues such as proper waste and emissions management, ethical sourcing of materials and the promotion of patient health and safety. Materiality assessment supports the identification of priority objectives at the internal management level.
Diasorin is committed to operating with integrity and transparency and has established a number of policies and practices to promote sustainability and ethical business practices. In terms of environmental impact, Diasorin has implemented a series of initiatives to reduce its carbon footprint, including investing in renewable energy sources and optimizing logistics operations. The company also prioritizes responsible sourcing of materials and has developed a code of conduct for suppliers to ensure ethical practices throughout the supply chain.
The Group also places strong emphasis on employee development and prioritizes patient safety by providing high-quality diagnostic solutions that improve healthcare outcomes for patients around the world.
Overall, Diasorin is committed to operating in a sustainable and ethical manner and its ESG initiatives reflect this commitment. As a result of its leadership in these areas, the Group is setting a positive example for the diagnostic sector and demonstrates the major role companies can play in promoting positive social and environmental change.
According to the Sustainalytics Risk Rating, Diasorin is a low-risk company from an ESG point of view.
The rating ranks Diasorin 28th out of 887 companies compared to our peers in our industry group, and we have obtained a higher rating than 84% of all the companies included in the Sustainalytics dataset.
Diasorin also ranks well above the average ESG score of its industry peers according to the S&P methodology, having achieved a steady improvement in its ESG rating in recent years.
Our ESG Risk Rating helps provide transparency to investors on how exposed Diasorin is to specific risks that have been identified as potentially having an impact on the company. Identifying our material ESG themes has also helped us implement an effective ESG plan with the aim of improving our rating over time.
In 2023, a new corporate function has been established, entrusted to the Investor Relations and Corporate Communication function, which will be responsible for managing, promoting and communicating all ESG activities. This team meets regularly with the ESG Steering Committee, which is directly responsible for overseeing and achieving the plan’s objectives. In addition, in December 2022, the Board of Directors approved, together with the objectives of the 2023-2025 ESG Plan, the assignment of variable remuneration linked to the plan for the Group’s strategic managers.