Rome, 16 February 2023
2023-2027 Sustainability Plan
Towards an innovative, inclusive and integral future

Strategic guidelines 
and sustainability
2023-2027 Sustainability Plan

Strategic guidelines and sustainability
The 3 Directions of development
Sustainable Development Goals
In 2019, Fincantieri joined the United 
Nations’ Global Compact, the largest 
worldwide initiative for business 
sustainability
Fincantieri contributes in particular 
to the achievement of 9 of the 17 goals 
of the UN's 2030 Agenda for 
Sustainable Development
Inclusion
Innovation
Integrity
Innovative and technological development
 for energy and digital transition
Protection, inclusion  
and development of people and communities
Industrial excellence
Global socio-economic trends
• Climate issues  
and ecosystem depletion
• Strong drive towards new technologies  
and digital transformation
• Central role of human resources  
and growing inequalities
• Awareness of the strategic nature of 
the supply chain
• Economic, social  
and cultural changes
• Geopolitical tensions
Focus on energy transition, development of innovative and sustainable solutions, maintaining the central role of human capital, and a sustainable supply chain

Strategic guidelines and sustainability
Take into account global socio-economic trends and include the Group’s material topics. 
They also reflect the ESG pillar of the Business Plan and represent its development.
Directions
Undertaken by the Group through the 
Charter of Sustainability Commitments.
The Sustainability plan consist of:
The definition of the objectives contained in the 2023-2027 Sustainability Plan was influenced by the global 
socio-economic trends that the Fincantieri Group will face in the short, medium and long term. At this time of 
transformation, sustainability represents an essential enabling factor that contributes to ensuring a high level of 
resilience and the sustainable development of the Group. 
3
Commitments
24

Strategic guidelines and sustainability
Material topics
15
7 of which are 
strategic topics
Identified by means of stakeholder engagement and market benchmarking that enable the views of the Group to be taken into consideration 
as well as those of customers, suppliers and partners, the financial community and other stakeholders who were involved through an 
online survey. Material topics are reported annually in the Non-Financial Statement – Sustainability Report.
ESG objectives
41
10 environmental 
objectives
13 governance
objectives
18 social
objectives
To be achieved in the short, medium and 
long term, which will contribute in particular 
to the achievement of 9 SDGs that 
Fincantieri has recognized as significant for 
its business and in line with its strategic 
guidelines.
The 2023-2027 Plan comprises the objectives of the previous Plan with a deadline in 2023 and beyond, as well as new objectives to ensure a sustainable and responsible development. 
The Plan’s objectives are updated on a yearly basis, building on the results achieved and adding new needs that emerge over time.
24%
44%
32%

Strategic guidelines and sustainability
3 Directions
Innovation
Innovative and technological development 
for energy and digital transition
Industrial excellence
Integrity
Inclusion
Protection, inclusion and development 
of people and communities
Strengthening activities focused on 
innovation and digitalization, 
to offer increasingly advanced, 
sustainable and safe solutions in line with 
market needs and decarbonisation and 
circular economy strategies.
Safeguarding the wealth of skills acquired by the 
Group, promoting its growth and enhancement in an 
inclusive and international environment and ensuring 
the protection of human capital, to encourage the 
development of local communities with a view to 
shared value.
Increasing competitiveness through continuous 
improvement of efficiency and safety, 
maintaining standards of excellence  
and promoting professional culture 
and ethics to strengthen world leadership 
in shipbuilding.
15 material topics, 7 of which are strategic
1. Climate change
2. Environmental impact of products and 
services
3. Innovation, research and development
4. Environmental management
5. Customer satisfaction
6. Cyber security
   7. Development and safeguarding of human      
       resources
   8. Human rights
   9. Diversity and equal opportunity
10. Company welfare 
11. Local communities and relations with the 
       local area
12. Health and safety in the workplace
13. Product quality and safety
14. Sustainable supply chain
15. Governance and business integrity

Strategic guidelines and sustainability
Equipment, systems 
and services
Offshore and 
specialized vessels
Cruise
Naval
Local communities and relations
with the local area
Customer satisfaction
Environmental management
Product quality and safety
Governance and business integrity
Company welfare
Human rights
CLIMATE CHANGE
INNOVATION, RESEARCH AND 
DEVELOPMENT
ENVIRONMENTAL IMPACT  
OF PRODUCTS AND SERVICES
SUSTAINABLE SUPPLY CHAIN
HEALTH AND SAFETY IN WORKPLACE
DEVELOPMENT AND SAFEGUARDING
OF HUMAN RESOURCES
DIVERSITY AND EQUAL OPPORTUNITY
Innovative and 
technological 
development for energy 
and digital transition
Industrial 
excellence
Protection, inclusion 
and development 
of people 
and communities
8 material topics
7  STRATEGIC MATERIAL TOPICS
3 directions
Cyber security

Innovative and 
technological 
development for energy 
and digital transition
2023-2027 Sustainability Plan

Innovative and technological development for energy and digital transition
Commitment:
Support for research 
to improve the analysis 
and management of risks 
associated with climate 
change
Climate change
Promotion of research projects 
to develop new solutions for 
energy efficiency or reduction 
of emissions in collaboration 
with research institutes /
universities on issues associated 
with climate risks
Complete four projects by 
2030, of which:
• 1  project
• 1  project
• 1  project
• 1  project
2024
2026
2028
2030
Group
Objectives
Targets
Timeline
Perimeter
SDGs

Innovative and technological development for energy and digital transition
Commitment:
Reduction of carbon dioxide 
(CO2) and other pollutant 
emissions with the aim of 
contributing to the fight 
against climate change
Climate change
Objectives
Targets
Timeline
Perimeter
SDGs
Reduction of greenhouse gas (GHG) 
emissions
• -4% of Scope 1 and 2 GHG 
emissions compared to 2021
• -8% of Scope 1 and 2 GHG 
emissions compared to 2021
• -20% of Scope 1 and 2 GHG 
emissions compared to 2021
2025
2027
2030
Group
Ensure the use of electricity 
from renewable sources
• 100% electricity from renewable 
sources
2030
Group
Reduction of emissions of volatile organic 
compounds (VOCs) through plant works 
and gradual substitution of  the products 
used with solvent-free or lower-solvent 
alternatives
• -3% VOC emissions over hours 
of production compared to 2021
• -5% VOC emissions over hours of 
production compared to 2021
2025
2027
Group

Objectives
Targets
Timeline
Perimeter
SDGs
Innovative and technological development for energy and digital transition
Environmental 
impact of products 
and services
Identify initiatives and 
projects for the development 
of products and design tools 
for ships with reduced 
environmental impact
• 9 low environmental impact project 
initiatives (4 of which for the cruise 
business and 5 for the naval segment) 
• 5 low environmental impact project 
initiatives (4 of which for the cruise 
business and 1 for the naval segment)
2025
2027
Fincantieri S.p.A.
Study on circular economy 
for Fincantieri S.p.A. cruise 
ships in cooperation with a 
university/research centre  
• Analysing the maturity level of players 
in the shipping industry
• Identifying an analysis methodology
• Evaluating and identifying tools to 
implement the logic of circular 
economy
2025
Fincantieri S.p.A.
Commitment:
Development of ecologically 
sustainable products and 
services with the aim of 
contributing to a circular and 
low carbon economy

Objectives
Targets
Timeline
Perimeter
SDGs
Innovative and technological development for energy and digital transition
Commitment:
Development of ecologically 
sustainable products and 
services with the aim of 
contributing to a circular and 
low carbon economy
Environmental 
impact of products 
and services
  * Energy Efficiency Design Index defined by the International Convention for the Prevention of Pollution from Ships (MARPOL)
** In its initial strategy, the IMO set 2008 as the baseline year against which to measure ambition levels. The baseline is a curve representing a mean value of EEDI as the size of the ship varies
Developing high energy-
efficient cruise ships 
powered by eco-friendly/
renewable sources, with 
reduced environmental 
impact in terms of 
atmospheric emissions, 
discharges at sea and noise 
(green ships)
• International Maritime Organization 
(IMO) target for 2025 (30% reduction 
in cruise ship EEDI* index compared 
to IMO baseline ref. EEDI-2008**), 
corresponding to a 30% reduction in 
CO2 emissions for the same tonnage 
and miles travelled at the EEDI index 
baseline speed
• IMO target for 2030 (40% reduction in 
cruise ship EEDI index compared to 
IMO baseline ref. EEDI-2008), 
corresponding to a 40% reduction in 
CO2 emissions for the same tonnage 
and miles travelled at the EEDI index 
baseline speed and zero emissions in 
port
• Net Zero cruise vessels target
2025
2030
2050
Fincantieri S.p.A.

Objectives
Targets
Timeline
Perimeter
SDGs
Innovative and technological development for energy and digital transition
Commitment:
Investments in research and 
innovation with the aim of 
developing sustainable, efficient, 
safe and competitive products 
and processes with particular 
reference to the technologies 
needed to reduce environmental 
impact and increase their 
digitalization
Innovation, research 
and development
Research & Innovation 
Policy
   Drafting of a Policy that identifies the principles
   and strategy chosen by the Group to approach
   product and process research and innovation
Development of smart 
ships and smart 
offshore infrastructure 
and autonomous ships. 
Development of 
innovative solutions for 
shipyards (smart yards)
• Reference framework for secure interconnection 
(from a cyber security perspective) of all on-board 
systems for the exchange/recording of real time 
data in open formats
• On-board systems supporting a medium level of 
autonomy (e.g. IMO Degree 2/3)
• Solutions for floating offshore platforms supporting 
wind power generation systems
• Industry 4.0 tools to be adopted in the shipyard to 
increase productivity
• Tools for accessing digital assembly instructions and 
real-time monitoring of production progress on 
company technical systems
• Remotely controlled or unmanned platforms 
capable of operating in scenarios that are 
hazardous for operators (e.g. fire-fighting, 
contaminated area detection, etc.), capable of 
significantly increasing the operational 
effectiveness of the mission
2030
Group
2023
Group

Objectives
Targets
Timeline
Perimeter
SDGs
Innovative and technological development for energy and digital transition
Innovation, research 
and development
As-Is Perimeter Parent Company: Data Center Services - Fincantieri S.p.A., Isotta Fraschini Motori, FC Infrastructure, FC SI, FC Oil&Gas, some companies of the Marine Interiors 
group, VARD (FC centralized services only); Printing Services - Fincantieri S.p.A.,  FC Infrastructure, FC SI, OSN, FC Oil&Gas, some companies of the Fincantieri NexTech group, some 
companies of the Marine Interiors group. As part of the SAP roll-out project in Fincantieri Marinette Marine (FMM), a cloud instance was activated for the IaaS delivery of ERP services in the US.
* Data Center Infrastructure Efficiency (DCIE): ratio between the total power absorbed by IT equipment alone and the total power used by the data center.
** Typical Electricity Consumption (TEC): electricity consumption of a device using an internationally recognized standard methodology. The TEC value is expressed in KWh/week.
Digital transformation via the 
introduction of technologies and 
equipment in order to optimise 
business processes and make 
them greener in line with 
organizational and management 
best practices
• Completion of migration (50% remaining servers) from 
on-premise infrastructure to Public Cloud infrastructure 
characterized by improved energy efficiency (+16% 
DCIE*), and optimization of consumption compared to 
2021 through:
  - rationalization (~ -15% servers)
  - re-sizing (~ -14% computing power)
  - on-demand activation of non-productive servers
    (~ -60% up-time)
• Signing of a Group framework agreement for the supply 
of energy-efficient printers
• Rationalization of the printer fleet (-5% with a target of 
16 users/printer), refresh of at least 50% of obsolete 
compared to 2021 printers and their mapping by 
production area with relative print volumes
• Completion of obsolete printer refresh with TEC** fleet 
reduction of ~70% when fully operational 
• Gradual adoption of Public Cloud infrastructure and 
Printing services by all Italian companies whose IT 
management falls within the Parent Company's 
perimeter
• Assessment of Data Center and Printing services for 
VARD (Norway, Romania) and Fincantieri Marine Group 
(FMG) and definition of a development roadmap
2023
2023
2023
2024
2024
2023
Group
Commitment:
Investments in research and 
innovation with the aim of 
developing sustainable, efficient, 
safe and competitive products 
and processes with particular 
reference to the technologies 
needed to reduce environmental 
impact and increase their 
digitalization

Objectives
Targets
Timeline
Perimeter
SDGs
Innovative and technological development for energy and digital transition
Commitment:
Investments in research and 
innovation with the aim of 
developing sustainable, efficient, 
safe and competitive products 
and processes with particular 
reference to the technologies 
needed to reduce environmental 
impact and increase their 
digitalization
Innovation, research 
and development
 * COP: Production Coordination
** Perimeter: Fincantieri S.p.A., Marine Interiors Cabins, Fincantieri Infrastructure, Centro Servizi Navali
Digitalization of internal 
processes and collaboration 
with third parties
• Digitalization and centralization of paper-based 
processes related to suppliers’ progress documentation 
(SAL and FAT area Engineering and COP*) and for the 
management of accesses of satellite businesses for 
Fincantieri S.p.A., enabling a reduction in paper 
printouts of about 1.1 million/year at the same workload
• Introduction of a solution for the management of 
material transport from, to and between the Group 
sites**, capable of handling multiple logistic providers 
and slot booking logics, and experimentation with 
algorithms based on High Performance Computing or 
Quantum Computing to optimize intra-group transport 
and inventory generating a direct benefit on emissions
• Digitalization of the process of requesting, 
    issuing and validating permits for the execution of flame
    and work on board ship (activities involving the
    production of flames/sparks) by satellite businesses,
    enabling a reduction in paper printouts of about 1
    million/year at the same workload
• Roll-out ERP SAP, an enabling platform for process 
digitalization, in the following subsidiaries:
  - VARD (Norway, Romania)
  - Fincantieri Marinette Marine (FMM), MI S.p.A. 
  - Fincantieri Bay Ship (FBS), remaining companies of the
    Interiors Hub
2024
2024
2025
2023
2024
2025
Group

Objectives
Targets
Timeline
Perimeter
SDGs
Innovative and technological development for energy and digital transition
Innovation, research 
and development
Introduction of innovative 
analytics and process mining 
solutions that provide insights 
for process optimization 
• Introduction of a process mining solution with the aim of 
analysing the lead times of business processes and 
highlighting potential improvement actions, and its 
testing on the process of invoicing of accounts payable in 
order to assess its benefits before extending it to other 
business processes
• Creation of a corporate database (Data Platform) 
powered by data from corporate master systems (e.g. 
SAP, Inspection Call), activation of AI/machine learning 
services in order to provide useful analytics to deliver 
insights into areas of lower efficiency and to identify 
opportunities for optimizing and/or streamlining 
processes, and implementation of analytics and 
predictive analysis tools:
   - Wave 1: 10 priority use cases (8 CFO, 2 Supply
        Chain)
   - Wave 2: 25 use cases
• Extension of analytics tools to other Group companies 
adopting the same processes:
   - VARD (Norway, Romania)
   - Fincantieri Marinette Marine (FMM), MI S.p.A. 
   - Fincantieri Bay Ship (FBS), remaining companies
     of the Interiors Hub
2023
2023
2024
2024
2025
2025
Group
Commitment:
Investments in research and 
innovation with the aim of 
developing sustainable, efficient, 
safe and competitive products 
and processes with particular 
reference to the technologies 
needed to reduce environmental 
impact and increase their 
digitalization

Environmental 
management
Commitment:
Implementation of projects to 
improve energy efficiency 
and conserve natural 
resources, protect 
biodiversity and reduce 
environmental impact to 
prevent soil, air and water 
pollution
Innovative and technological development for energy and digital transition
Waste reduction
• Maintaining the portion of waste sent 
for recycling between 80-90% each 
year 
• - 5% of the quantity of waste produced 
over hours of production compared to 
2021
• - 10% of the quantity of waste 
produced over hours of production 
compared to 2021
2023-2027
2025
2027
Group
Objectives
Targets
Timeline
Perimeter
SDGs

Innovative and technological development for energy and digital transition
Reduction of water withdrawals
• -3% of water withdrawal over hours of 
production compared to 2021
• -10% of water withdrawal over hours of 
production compared to 2021
• -12% of water withdrawal over hours of 
production compared to 2021
2025
2027
2030
Group
Protection of biodiversity
• Launch of project for the protection of 
biodiversity
• Analysis of the impacts of production 
processes on biodiversity
• Definitions of actions to mitigate 
impacts on biodiversity
2024
2026
2027
Group
Objectives
Targets
Timeline
Perimeter
SDGs
Environmental 
management
Commitment:
Implementation of projects to 
improve energy efficiency 
and conserve natural 
resources, protect 
biodiversity and reduce 
environmental impact to 
prevent soil, air and water 
pollution

Innovative and technological development for energy and digital transition
Customer 
satisfaction
Commitment:
Listen to needs and 
expectations to maximize 
customer satisfaction
Extending the customer 
satisfaction measurement model - 
Customer Satisfaction Index (CSI) 
- to ESG issues
Expansion of the CSI 
questionnaire to ESG issues to 
understand customer satisfaction 
in terms of sustainable product 
and process
Application of the CSI 
questionnaire, including the ESG 
section
2023
2024
Group
Objectives
Targets
Timeline
Perimeter
SDGs

Objectives
Targets
Timeline
Perimeter
SDGs
Cyber 
security
Commitment:
Guarantee the protection of 
computer systems and data 
by minimizing the risk of 
network breaches, corruption 
of sensitive data or processes 
and develop the cyber 
security strategy for products 
and services
Centralize the management 
and monitoring of cyber security, 
through a uniform service 
delivery model
• Introduce a single security monitoring centre for 
the Group on national and European territory:
   - setting up of the architecture
   - integration of incident response processes
     for participating subsidiaries
   - unified incident monitoring of the subsidiaries
      that will use the service
• The Security Operations Center (SOC) will be 
operational 24 hours a day and consistent with 
government cyber security standards
2024
2026
2027
Group
Innovative and technological development for energy and digital transition

Innovative and technological development for energy and digital transition
Objectives
Targets
Timeline
Perimeter
SDGs
Raising awareness among employees and 
top management about cyber risks and 
training them to recognize them
Delivering phishing awareness campaigns 
to employees (employees, middle 
managers and senior managers):
•  2 campaigns
•  2 campaigns
•  2 campaigns
Extension of the phishing awareness 
campaign to employees of the subsidiary 
VARD group AS
Implementation of induction sessions for 
the Top Management (including the Board 
of Directors):
• 1 induction session
• 1 induction session
2023
2024
2025
2024
2023
2024
Fincantieri 
S.p.A. and 
Fincantieri 
NexTech S.p.A.
VARD Group AS
Fincantieri
S.p.A.
Cyber 
security
Commitment:
Guarantee the protection of 
computer systems and data 
by minimizing the risk of 
network breaches, corruption 
of sensitive data or processes 
and develop the cyber 
security strategy for products 
and services

Protection, inclusion 
and development
of people and 
communities
2023-2027 Sustainability Plan

Development and 
safeguarding of
 human resources
Commitment:
Promotion of growth, training 
and enhancement of human 
capital
*High performers refer to employees rated «Above Expectations» or «Excellent»
Protection, inclusion and development of people and communities
Investing in the professional 
development of resources 
and enhancing their value so 
that they can contribute to 
the achievement of the 
Group's strategic objectives
As part of the meritocratic policy, 
reward at least 60% of the resources 
assessed as high performers* with the 
new performance appraisal model 
adopted globally
The bonus refers to salary increases, 
one-off measures, and level or 
qualification upgrades
2023
Group
Objectives
Targets
Timeline
Perimeter
SDGs

Objectives
Targets
Timeline
Perimeter
SDGs
Protection, inclusion and development of people and communities
Developing the leadership of the 
future by strengthening the pipeline 
of young talent on accelerated 
growth paths, reducing the gender 
gap, avoiding anti-selection 
phenomena
• +30% of new resources included in the 
«Talent» acceleration program for 
young high-potential resources 
embarking on a career development 
path, of which 25% are women 
compared to 2020-2022
• +40% new resources included in the 
«Talent» acceleration program, 30% of 
whom are women compared to 
2020-2022
2023
2025
Italy
Group
Development and 
safeguarding of
 human resources
Commitment:
Promotion of growth, training 
and enhancement of human 
capital

Objectives
Targets
Timeline
Perimeter
SDGs
Development and 
safeguarding of
 human resources
Commitment:
Constant collaboration and 
cooperation in an inclusive 
and international context in 
order to encourage the 
exchange of ideas, opinions 
and experiences and the 
development of 
multidisciplinary skills
*Employee engagement rate to measure the degree of belonging, satisfaction and motivation. 
 It was calculated on the basis of favourable responses to 11 questions in the survey
Protection, inclusion and development of people and communities
Develop a working 
environment where employees feel 
increasingly involved, motivated 
and willing to build their 
professional future, through the 
use of annual surveys to measure 
employee engagement
• Improve by 2pp the Employee 
Engagement rate* recorded in the 2022 
survey
• Improve by 5pp the Employee 
Engagement rate* recorded in the 2022 
survey
2023 
 
2026
Group

Objectives
Targets
Timeline
Perimeter
SDGs
Human rights
Commitment:
Commitment to creating the 
socio-economic conditions to 
ensure respect for human 
rights throughout the value 
chain
* In order to anticipate the demands contained in the Proposal for a Directive of the European Parliament and of the Council on the Duty of Care of Businesses with regard to sustainability
Protection, inclusion and development of people and communities
In accordance with the guidelines 
being defined* and international 
best practices, proactively identify 
and assess potential risks and 
impacts related to the respect of 
human rights, incorporated in the 
policy and Code of Ethics, referred 
to and signed by suppliers in the 
general terms and conditions of 
the order
• Due-diligence on Italian and 
European production sites and 
their satellite businesses
• Implementation of a plan of 
targeted interventions following 
due diligence
• Monitoring compliance through 
the formalization of the monitoring 
and maintenance plan
2023
2024
2025
Group

Protection, inclusion and development of people and communities
Annual (second party) 
sustainability audits by Fincantieri 
at suppliers’ premises to assess 
and monitor suppliers' compliance 
with human rights, health and 
safety and the environment 
Audits of the Group's suppliers of priority/
strategic interest on respect for human 
rights, health and safety and the 
environment (approx. 200 suppliers 
including the remaining 7 not carried out 
due to COVID pandemic issues) with at 
least 40 audits per year
Starting from 2023, depending on the 
score obtained from the audit, recovery 
plans, progressive or immediate phase-
outs will be defined on an ongoing basis, 
based on the severity, with evidence 
being reported in Supplier Oversight
2023-2027
Group 
(excluding 
American 
subsidiaries)
Objectives
Targets
Timeline
Perimeter
SDGs
Human rights
Commitment:
Commitment to creating the 
socio-economic conditions to 
ensure respect for human 
rights throughout the value 
chain

Objectives
Targets
Timeline
Perimeter
SDGs
Diversity and 
equal opportunity
Commitment:
Promotion of 
programs offering equal 
opportunities to all 
employees in order to 
promote diversity and 
inclusion within the Group
Protection, inclusion and development of people and communities
Ensuring maximum integration 
and full involvement of the 
corporate population by 
developing training and 
awareness-raising initiatives 
on diversity and inclusion
• 2 projects, one to support parenting 
or caregivers and one to raise 
awareness of disability
• 1 project to enhance multiculturalism 
and eliminate all forms of 
discrimination
• 1 project to raise awareness of 
disability at Group level
• 2 projects, of which one to enhance 
multiculturalism and eliminate all 
forms of discrimination and one to 
promote cooperation between 
generations
• 1 project supporting parenting or 
caregivers
2023
2024
2024
2025
2026
Italy
Fincantieri S.p.A. 
and satellite 
businesses
Group
Group
Group

Objectives
Targets
Timeline
Perimeter
SDGs
Protection, inclusion and development of people and communities
Strengthening gender equality 
and women's empowerment by 
promoting projects to ensure a 
level playing field for women 
in the world of work
• Obtaining UNI PdR125 Gender 
Equality Certification for Fincantieri 
S.p.A.
• Extend gender pay gap analysis to 
Group level
• Developing a training program to 
support the professional careers of 
the women in the Group
• 100% reduction in the weighted 
gender pay gap
• Develop 2 counselling and 
psychological assistance projects 
for women victims of gender-based 
violence
2023
2023
2024
2024
2025
Fincantieri S.p.A.
Group
Group
Group
Group
Diversity and 
equal opportunity
Commitment:
Promotion of 
programs offering equal 
opportunities to all 
employees in order to 
promote diversity and 
inclusion within the Group

Objectives
Targets
Timeline
Perimeter
SDGs
Protection, inclusion and development of people and communities
Ensuring an appropriate 
level of gender representation 
by promoting the presence 
of women also in positions 
of responsibility
• +2pp white collar women (white collar 
and middle managers) compared to 
2021
• +3pp middle manager women 
compared to 2021
• +4pp white collar women (white collar 
and middle managers) compared to 
2021
• +5pp middle manager women 
compared to 2021
2025
2025
2027
2027
Group
Diversity and 
equal opportunity
Commitment:
Promotion of 
programs offering equal 
opportunities to all 
employees in order to 
promote diversity and 
inclusion within the Group

Objectives
Targets
Timeline
Perimeter
SDGs
Company welfare
Commitment:
Increase the 
well-being of people through 
innovative solutions rather 
than traditional ones
Protection, inclusion and development of people and communities
Development of the 
company crèche service
Activation of 2 additional crèche 
services to support parenting and 
home-work balance
2025
Fincantieri S.p.A.

Objectives
Targets
Timeline
Perimeter
SDGs
Local communities 
and relations 
with the local area
Commitment:
Dialogue with and support for 
local communities through 
social, environmental, 
cultural and educational 
initiatives
Protection, inclusion and development of people and communities
Communication campaign to 
disseminate the Group's new 
mission, vision and purpose to all 
relevant stakeholders in order to 
play an active role in building 
a supportive and inclusive 
community
Definition of the integrated strategic 
communication and sustainability 
plan in order to disseminate the 
corporate purpose, the Group's new 
mission in the creation of long-term 
sustainable value for all its reference 
communities while respecting people 
and the environment
2023
Group
Development of educational and 
social inclusion projects especially 
for disadvantaged groups and 
those at risk of exclusion
Activation of at least two initiatives, 
one of which at Group level
2023 and 2025
Group

Objectives
Targets
Timeline
Perimeter
SDGs
Local communities 
and relations 
with the local area
Commitment:
Collaboration with 
governments, national and 
international associations to 
adopt policies and strategies 
to contribute to a healthy, 
inclusive, resilient and 
sustainable society for 
everyone  
Protection, inclusion and development of people and communities
Support institutions in 
defining pathways in 
research and innovation 
that favour the design of 
ships with reduced 
environmental impact
6 institutional meetings
2024
Fincantieri S.p.A.

Industrial
excellence
2023-2027 Sustainability Plan

Objectives
Targets
Timeline
Perimeter
SDGs
Commitment:
Continuous improvement of 
workers’ health and safety 
conditions
Health and safety 
in the workplace
Industrial excellence
 * Frequency rate (injury rate) (no. of work-related injuries/hours worked x 1,000,000)
** Severity index (no. of days lost due to injuries/hoursworked x 1,000)
Improvement of health and safety 
at work performance with a view 
to zero accidents to protect 
workers' health and the work 
environment
• Contain the frequency rate for work-
related injuries* below 7.5 for the next 5 
years
• Contain the severity index** below 0.2 
for the next 5 years
2023-2027
2023-2027
Group
Group
Conducting work-related stress 
risk analysis
• 100% of Italian shipyards and 
subsidiaries over 4 years analysed on 
work-related stress risk 
2024
Italy

Objectives
Targets
Timeline
Perimeter
SDGs
Industrial excellence
Support tools to improve 
ergonomics and reduce 
workloads
• Carry out a feasibility study for the adoption of tools to 
support manual activities, such as industrial 
exoskeletons, that are compatible with the work 
environment on board ships under construction in 
relation to the increase in the average age of the 
working population in order to achieve an improvement 
in working conditions in certain activities that engage 
the musculoskeletal system through robotic structures 
of various types 
• Following the outcome of feasibility studies, 
   make the tools identified as suitable for Group
   companies with similar production processes
   progressively operational
2024
2027
Group
Health and safety 
in the workplace
Commitment:
Continuous improvement of 
workers’ health and safety 
conditions

Objectives
Targets
Timeline
Perimeter
SDGs
Industrial excellence
Supporting inspection 
activities through robotic 
systems
• Carry out a feasibility study for the adoption of 
autonomous inspection and monitoring systems for 
shipyard areas and on board ship. These tools will 
be used to perform their tasks in high-risk or 
difficult-to-access areas for personnel or for the 
automation of low value-added tasks 
• Development and operation of 3 prototypes such as: 
quadrupeds or rovers equipped with sensors for 
monitoring activities, drones for inspection to 
analyse accessibility of high-risk areas
• Extension of instruments to Group companies with 
similar production processes
2023
2025
2027
Group
Health and safety 
in the workplace
Commitment:
Continuous improvement of 
workers’ health and safety 
conditions

Objectives
Targets
Timeline
Perimeter
SDGs
Industrial excellence
Commitment:
Continuous improvement of 
the quality and safety of 
products and services in 
compliance with technical 
standards, in all phases of 
the production process to 
meet the high standards 
required by the business
Product quality 
and safety
Increasing the level of control 
over the cyber risk exposure of 
the product supply chain
Activation of an audit plan on cyber risk 
exposure from systems belonging to a pool of 
20 suppliers, representing 90% of the cruise 
business's cyber-critical systems as per IACS 
UR E26 standard
2024
Fincantieri 
S.p.A.

Industrial excellence
Commitment:
Promotion and support of a 
responsible and sustainable 
supply chain that shares 
our values and is 
based on long-lasting 
relationships founded on 
integrity, transparency and 
respect
Sustainable 
supply chain
  * Meaning suppliers in the Register, net of customer-referenced and imposed suppliers 
** The result is subject to the extension of the Fincantieri S.p.A. model to VARD (processes, systems, ERP and e-NGAGE portal)
Development of a 
Sustainable Supply Chain in 
order to integrate 
sustainability criteria into 
the supplier qualification 
system and to ensure 
adequate risk control
• Launch of an ESG assessment program and 
coverage of the most relevant suppliers in 
terms of purchasing volume of 30%
• Attribution of ESG scores to at least 50% of 
strategic qualified suppliers* 
• ESG assessment and gap analysis on the 
evaluated sample
• Attribution of ESG scores to 100% of strategic 
qualified suppliers
• Extension of ESG supplier scoring system to 
European subsidiaries**
• Definition of a model for the use of ESG 
assessment in procurement processes:
  - integration of ESG scores into supplier
     qualification criteria
  - development of improvement plans for less
     virtuous suppliers
• Implementation of reward mechanisms linked 
to ESG assessment
2023
2024
2024
2025
2025
2025
2026
Group
(excluding
American
subsidiary
companies)
Objectives
Targets
Timeline
Perimeter
SDGs

Objectives
Targets
Timeline
Perimeter
SDGs
Industrial excellence
Raising supplier awareness 
of ESG issues
• Organization of at least one 
engagement session on ESG 
issues per year with strategic 
suppliers
2023-2027
Group
(excluding
American
subsidiary
companies)
Managing «conflict minerals»  along 
the supply chain
• Drafting and publishing a Policy 
on management of «conflict 
minerals»*
• Identification and 
implementation of contractual 
tools for the management of 
«conflict minerals» 
• Extension to relevant 
subsidiaries with reference to 
EU Regulation 2017/821
• Monitoring of relevant product 
groups
2023
2024
2025
2027
Group
* Refer to raw materials or minerals -tin, tantalum, tungsten and gold (the '3TGs') -from high-risk areas or areas affected by armed conflict,                                                                                                                                                                                                  
the trade of which can finance armed groups, fuel forced labour and other human rights violations and support corruption and money laundering.  
Sustainable 
supply chain
Commitment:
Promotion and support of a 
responsible and sustainable 
supply chain that shares 
our values and is 
based on long-lasting 
relationships founded on 
integrity, transparency and 
respect

Objectives
Targets
Timeline
Perimeter
SDGs
Industrial excellence
Commitment:
Promotion of the 
sustainability culture in line 
with the Group Values, 
encouraging managers to 
think in a sustainable manner 
within their sphere of action
Governance and 
business integrity
Assignment of sustainability 
objectives within the corporate 
variable reward system
• Application of an increase to the 
Result Bonus and Management 
Objective Plan related to five 
annual sustainability objectives to 
the target population (white and 
blue collar workers)
• Attribution of sustainability 
objectives to at least 25% of the 
staff (middle managers and 
executives) who have access to the 
variable reward system
• Attribution of sustainability 
objectives to at least 25% of the 
staff with access to the variable 
reward system
• Attribution of sustainability 
objectives to the top management 
of foreign subsidiaries
2023
2023
2024
2023
Fincantieri S.p.A.
Fincantieri S.p.A.
Italy
Group

Objectives
Targets
Timeline
Perimeter
SDGs
Industrial excellence
Governance and 
business integrity
Align the financing strategy with 
its sustainability targets and 
international best practices in 
terms of sustainable finance
• Increase the weight of sustainable finance 
to at least 20% of medium-to long-term 
funding
• Increase the weight of sustainable finance 
to at least 30% of medium- to long-term 
funding
• Increase the weight of sustainable finance 
to at least 40% of medium- to long-term 
funding
2023
2025
2027
Group
Commitment:
Increasingly sustainable and 
responsible corporate 
performance, creating the 
conditions for development 
that ensures the needs and 
expectations of all 
stakeholders are met

Industrial excellence
Commitment:
Maintenance of the 
Corporate Governance 
system and risk management 
(including sustainability risk) 
in line with international best 
practices
Governance and 
business integrity
Alignment of the FINCANTIERI 
Travel Security program with the 
guideline UNI ISO 31030: 2021 
Travel risk management - 
Guidance for organizations to 
further ensure the safety of 
travelling employees 
• Definition and publication of a Travel Risk Policy 
compliant with ISO 31030 and updating of 
existing corporate procedures (where 
necessary);
• Definition of a Travel Risk Management (TRM) 
operational model for Fincantieri S.p.A.
• Gap analysis through third-party audit of
    Fincantieri's TRM model referring to the
    perimeter of Italian subsidiaries and drafting of
    an alignment road map
• Start of the gap analysis process of Fincantieri’s
    TRM model referring to the VARD group
    perimeter and drafting of an alignment road
    map
2024
2024
2026
2027
Fincantieri S.p.A.
Italy
Group
(excluding
American
subsidiary
companies)
Objectives
Targets
Timeline
Perimeter
SDGs

2023-2027 Sustainability Plan
Towards an innovative, inclusive and integral future