What is its function?

The essential review of content and role played by the Code of Ethics since 2000 was dictated by the need to complement rule-based contents, which had been prevalent, with value-based contents. These are based on mutual business commitments between the company and its stakeholders, aimed at influencing people to adopt ethical principles in a self-determined and responsible way.

Classification of ethical system’s statements

The Ethical System has the task of highlighting to recipients our business style and the related decision-making and operating environments. Those who have a certain level of discretion in these scenarios can potentially cause an unfair distribution of costs and benefits between company and stakeholders (so-called ethical dilemmas), and the Ethical System aims to direct them towards response models inspired by the core of our corporate values.

From mission to ethical vision