Our Charter of Values

Governance of Sustainability 

Social and environmental aspects are an integral part of the Group’s strategy and, as such, are the responsibility of the Board of Directors. 

As part of their responsibilities and competencies, all Sabaf employees are required to implement Corporate Social Responsibility (CSR) in carrying out their activities.

 

Compliance

  • UN Global Compact

In 2004, Sabaf formally joined the Global Compact, the United Nations initiative for companies that commit to upholding and promoting the ten universally accepted principles of human rights, labor standards, environmental protection, and fight against corruption. 

Every year, with the publication of the Annual Report, Sabaf renews its commitment to make the Global Compact and its principles an integral part of its strategy, culture, and day-to-day operations. The company explicitly declares its commitment to all employees, partners, customers, and the general public.

https://www.unglobalcompact.org/

  • APPLiA Code of Conduct

Sabaf complied with the APPLiA (Home Appliance Europe) Code of Conduct, an association of household appliances manufacturers representing companies in the household appliances industry. The Code of Conduct confirms the European household appliance industry's commitment to sustaining ethical and fair behavior. It also promotes equitable and sustainable standards in working conditions and environmental protection to support fair competition in global markets.

The producers complying with the Code commit themselves voluntarily to implement decent working conditions, including compliance with common standards regarding minimum age, working hours, hygiene and safety requirements, respect for freedom of association and collective bargaining, and to observe practices that respect the environment. The signatory companies also undertake to raise awareness among their suppliers of the Code's principles and encourage them to pursue and apply these to the entire supply chain.  

https://www.applia-europe.eu/

  • CDP

Aware of the value of complete and transparent disclosure, in 2020, Sabaf joined the CDP Climate Change and Water programs. CDP, formerly Carbon Disclosure Project, is a non-profit organization that provides companies, local authorities, and governments with a global system to measure, manage and disclose information about the environment.  In particular, companies are asked to participate in an annual survey on the impact their activities have on the environment, the management of their environmental risks, and the results achieved. 

The goal is to make environmental performance central in the business and investment decisions, leveraging information transparency.

https://www.cdp.net/en

 

Materiality analysis

Since 2014, Sabaf has started a process of identifying material issues that take into account both the organization's point of view and that of its stakeholders: 

  • issues having a significant economic, environmental or social impact on the company’s business;
  • issues that could substantially affect the assessments and decisions of stakeholders.

Considering the pervasive impacts of the pandemic, at the end of 2020 the Group deemed it appropriate to update the materiality analysis, integrate the material topics and resubmit them to management for assessment. The top managers involved were asked to express an evaluation (on a scale from 0 to 5) on the material topics identified and inherent to their responsibilities, both from an internal perspective and from the perspective of the stakeholders concerned. The materiality analysis was approved by the Board of Directors at its meeting on 11 February 2021.
 

With respect to the 2019 results, the recent materiality analysis points out:

  • from an internal perspective, the greater materiality of health and safety topics and the protection of diversity and equal opportunities;
  • from the point of view of external stakeholders, the increasing importance of reliable relations with customers and suppliers and the guarantee of continuity of supplies.
     

In defining material aspects, the following topics are considered essential preconditions for operating and are therefore considered very important to both Sabaf and its stakeholders:

  • creation and distribution of the sustainable value over time;
  • transparent and effective governance system to support the business; 
  • fight against corruption and constant attention in compliance with the law in the performance of its activities;
  • an approach of fairness and transparency towards the public administration.

 

Materiality matrix

Materiality matrix


 

Material aspects

 

1

Use of raw materials and 
materials

Use of materials for production, considering the maintenance of quality standards and assessing their environmental and social impact.

2

Emissions into the atmosphere, waste and  management of environ-
mental impacts

Definition of monitoring and reduction activities of emissions of polluting substances into the atmosphere and of waste generated by the production processes of Sabaf. Impacts to be considered include smart working for part of the workforce, which has led to a reduction in travel by employees.

3

Protection of Human and Workers' Rights

Protection of human rights as provided for in the “Universal Declaration of Human Rights” and the principles laid down in the conventions of the International Labour Organisation. One of the main objectives is to ensure working conditions with health and safety standards adapted to the health emergency period and, consequently, to safeguard business continuity.

4

Remuneration and incentive policy

Definition of fixed and variable components of remuneration for employees. 

Incentive system based on the achievement of pre-established targets in order to pursue company targets.

Establishment of a welfare bonus system to recognise activities carried out during the health emergency.

5

Development of resources and skills

Boost the Group’s expansion, through organic growth, maintaining the excellence of its economic results and preserving its financial solidity.
Increase skills through training activities with the aim of guaranteeing the continuous professional growth of employees.

6

Health and safety of personnel and contractors

Management, in compliance with the regulations on  occupational health and safety, of topics related to the health and safety of workers: training, prevention, monitoring, improvement objectives, also with reference to the measures implemented against the spread of the Coronavirus during health emergencies in the workplace and the protection of frail persons in extraordinary working conditions.

7

Diversity and equal  opportunities

Commitment to ensuring equal opportunities for women and protected categories.

8

Management of relations with suppliers, supplier assessment and contractual conditions

Sabaf’s commitment to defining a relation with the supply chain based on the principles of fairness in negotiations, integrity and contractual fairness. These include supporting the supply chain by joining industry initiatives and observing contract payment terms in times of possible difficulty.

Sharing corporate values with suppliers.

Sabaf defines minimum criteria for the creation of a lasting relationship with suppliers, based on the principles of social responsibility.

9

Industrial relations

Relations between Sabaf and the internal trade union representatives, based on the principles of transparency and mutual correctness, mutual fairness and willingness to negotiate agreements aimed at ensuring healthy and safe working conditions.

10

Compliance with the competitive system

Compliance with regulations and behavior that ensure Sabaf conducts its business in a balanced and regular competitive environment.

11

Customer satisfaction and customer support

Ability to respond effectively to customer expectations, at all stages of the relationship (from design to after-sales service).

12

Research and innovation of products and processes also with reference to safety and environmental performance

Identification of new technological and production solutions (also with a special attention to safety and environmental performance) that allow the Group to strengthen its leadership in the industrial sector to which it belongs.

13

Partnership with multinational groups

Sabaf’s opening to strategic collaborations with the main players in the sector.

14

Production quality and eco-efficiency

Search for better product or process performance and solutions in terms of environmental impact.

Designing new eco-efficient products.

Revision of business processes with the introduction of smart working, which can promote a lower environmental impact while maintaining standards of effectiveness and efficiency.

 

Last modified on: 18/05/2021 12:01:43