Sustainability

Sustainability Report

The FNM Group’s sustainability commitments guide the content of its reporting, based on its strategies and the results achieved in the short, medium, and long term. This responsibility is reflected in the integration of economic, social, and environmental considerations into decision-making processes and in the increasingly robust measurement of progress and results.

On 19 March, the FNM Board of Directors approved the Sustainability Report for the year 2025, integrated in the Management Report and prepared in accordance with the European Sustainability Reporting Standards (ESRS), following the requirements of the Corporate Sustainability Reporting Directive (CSRD).

The scope of the environmental, social and governance data is the same as in the 2025 Consolidated Annual Report, including all operating entities and also taking into account activities along the value chain.

The report contains information on how the company is managed and organised, the policies practised, the risks and how they are managed, and the performance with regard to the commitments and opportunities undertaken by the Group.

15,525 tCO₂ avoided

Thanks to the use of 96% energy from certified renewable sources for corporate consumption

2,899 employees

of the FNM Group as at 31.12.2025

EUR 1 billion

value of the first Sustainability-linked Loan, taken out by the FNM Group and linked to the achievement of specific ESG targets

EUR 2.04 billion

economic value of the tenders launched by FNM that complied with environmental and social criteria

-21%

total location-based GHG emissions compared to 2024

45% women managers

among senior and middle management at FNM S.p.A.

+6% women in top management

female senior managers in the FNM Group vs 2024

98% permanent contracts

employees on permanent contracts

+180 hours of training

on compliance, Model 231, anti-bribery policy and management of relations with the public administration

7 economic activities aligned with EU Taxonomy

CapEx 53.6%
OpEx 2.1%
Revenues 14.2%

Dual Materiality

The Double Materiality Analysis serves as an important guiding tool for the FNM Group in shaping its sustainability strategy, as well as in defining the content of its Sustainability Report.

The Group has adopted a two-way approach through which it has assessed corporate governance and the management of sustainability issues: how these influence a company’s financial performance and its long-term value (financial materiality—Financial Materiality) and what effects the company has on society and its surrounding environment (impact materiality— Impact Materiality).