Chrysler 2010 Annual Report Download - page 23

THE GROUP
AT A GLANCE
OPERATING
RESPONSIBLY
22
OPERATING RESPONSIBLY
This is not an arbitrary commitment, but rather is increasingly central to how the Group operates, with top
management leading the way. The Group Executive Council (GEC) – the decision-making body headed by
the Chief Executive Officer of Fiat S.p.A. and made up of the CEOs of the operating sectors and the heads
of certain functions – defines the strategic approach, approves the guidelines and Sustainability Plan and
is periodically informed on the Group’s environmental and social performance. In addition, the Nominating,
Corporate Governance and Sustainability Committee (a sub-committee of the Board of Directors) evaluates
proposals relating to strategic guidelines on sustainability and reviews the annual Sustainability Report.
Fiat’s commitment to environmentally and socially sustainable development was also recognized by leading
sustainability rating agencies and international organizations. In 2010, Fiat S.p.A. was named as a sustainability
leader for the second year running, maintaining its place in the Dow Jones Sustainability World and Dow Jones
Sustainability Europe indexes, the most prestigious equity indexes that only admit companies that are
best-in-class in terms of economic, environmental and social performance. Fiat received a score of 93/100 from
SAM, specialists in sustainability investing, compared to an average of 70/100 for the pool of “Automobiles”
sector companies analyzed.
Other European companies specialized in Socially Responsible Investing (SRI) also acknowledged Fiat’s
performance, with Sustainalytics recognizing it as the leading automobile company and Oekom Research
awarding it a “Prime” rating.
Fiat Group also participated in the review conducted by the Carbon Disclosure Project, achieving the highest
score (among automobile companies included in the world’s 500 largest corporations by market capitalization)
for the level of disclosure on issues linked to climate change and a “B” grade (on a scale from D-worst to A-best)
for its climate change mitigation initiatives.
Finally, Fiat Group took third place in the 2010 CSR Online Awards (established by strategic communications
consultancy, Lundquist) for online communication in the area of corporate social responsibility.
Although these are major achievements, they are not the final objective. Fiat is committed to maintaining high
standards and constantly improving performance on several fronts: the environment and sustainable mobility;
attention to the needs of individuals, both inside and outside the company; and ethical and transparent conduct.
Fiat Group has long been committed to promoting increasingly sustainable development, in the firm belief that growth
only has value if it is achieved responsibly. Making social and environmental considerations part of its strategic processes
has become an integral part of Fiat’s daily business.
© ANDREA BORGARELLO