Governance and Economics
The close relationship between environment and companies’ present and future performances is becoming more and more evident and this trend is influencing behavior and expectations of a wide range of company stakeholders.
Under this perspective, the company reporting system has to evolve in order to match the increasing demand of information about the expected impact of environment related events on the company economic value generation.
Sustainability affects all the aspects of a company life and finance simply cannot ignore it.
Lamberti is a family owned company with a traditional governance system in place, which delegates specific responsibilities to the Board of Directors, the Board of Statutory Auditors and the Shareholders’ Meeting.
Economic Responsibility, value generation and distribution
We are an economically solid company and consider it a priority to maintain this condition despite market uncertainties and fluctuations.
Managing our businesses is our responsibility, which permits us to maintain a solid economic performance, thus allowing us to expand our contribution to our social and environmental commitments thus generating value for all our stakeholders.
Revenues from the core business totaled €422 million, down 17.2% on the €509 million for 2019.
This decrease can still be considered very positive, given the ongoing climate.
Code of Ethics
Our Code of Ethics has been translated into all the languages of the countries in which we operate and training sessions will take place throughout 2021 and 2022 to our entire workforce for full implementation.
This Code of Ethics aims at providing a summary of the rules of conduct on which the Group has always based its activities with a view to disseminating the values and rules of behavior to which the Group aspires.
The purpose of adopting this Code is to meet the needs and expectations of all those with whom the Group has dealings inside and outside the Group. In this regard it is emphasized that in no way may the pursuit of the Company’s interest disregard compliance with the regulations in force and the content of the Code.
The Code of Ethics is divided into three sections:
- Charter of Ethics: formalizes the Values, Vision and Mission which constitute the foundations of the Group culture;
- Rules of Conduct: highlight the areas of responsibility and the conduct to adopt in order to ensure compliance with the Group’s style;
- Implementation, control and updating: identifies those in charge of implementing the Code of Ethics and explains how to apply the defined values and standards of conduct so that they are established as everyday practice.