Stakeholders
Local Communities and Territories Disclosures 102-40, 413-1 Disclosures 103-1, 103-2, 103-3
"RadiciGroup and Local Communities: a single entity. In our Group, we are aware of the leading role we play in the Territories in which we operate. We plan our actions with the interests and characteristics of the local area in mind and are committed to cultivating transparent and proactive relationships with local communities.
While respecting the rules we have set for ourselves, in particular the ban on supporting any political organisation, we strongly support the institutions and associations in the area engaged in cultural, social and sporting activities." - From the RadiciGroup Code of Ethics -
To better understand the relationships that RadiciGroup builds with the communities where its businesses are based, here are some informative details: RadiciGroup is a family-owned-and-operated business. Some members of the Radici family, including the shareholders, reside and are physically present in the areas where RadiciGroup was founded and operates. All the historic RadiciGroup companies are located near urban areas, or are even part of the urban fabric itself. In some cases, the name of the place has become synonymous with the name of the company, and vice versa.
At the same time, many of these companies are also situated in mountain areas, or in close contact with rivers, woods, protected areas and cultivated fields. An internal survey conducted regularly, most recently in 2019, found that about 80% of RadiciGroup workers in Italy actually reside within a 20-km radius from the Group company where they work. Therefore, the workers are residents of the host communities.
The identity of RadiciGroup has thus been profoundly shaped by its local roots. The result of a daily, mostly informal dialogue, this relationship is nourished by pragmatism and mutual respect. The same respect has distinguished RadiciGroup throughout its history of internationalisation, playing out in its approach to cultural diversity that includes progressive integration and exchanges with foreign cultures. RadiciGroup’s contribution to local development can be measured not only in terms of economic growth, but also in terms of a production culture that its companies have spread throughout the world with their high health and safety standards. RadiciGroup is supported by and is close to Local Communities and can also take advantage of the manufacturing knowhow that exists locally and on the fact that the surrounding communities have always been characterised by an inclination for organisational and production flexibility. Disclosure 415-1
Although it maintains political neutrality and does not support any political party, RadiciGroup is constantly in contact with the local authorities in the areas where its companies are located and maintains transparent collaborative relationships with them,
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