Chrysler 2011 Annual Report Download - page 27

26 The Group
at a Glance
Operating
Responsibly
Operating Responsibly
For Fiat, acting responsibly means making social and environmental considerations an integral part of its
strategy. Accordingly, the Group operates with the conviction that sustainable development can only be
achieved if the needs and expectations of stakeholders and future generations are suitably addressed.
Over the years, the Group’s focus on sustainability has given rise to a variety of projects designed to promote
increasingly sustainable mobility, help protect the environment and natural resources, safeguard the health and
safety of employees, invest in their professional development and build a constructive, harmonious relationship
with local communities and partners.
This is not an arbitrary commitment, but a way of doing business that requires the daily involvement of senior
management and employees alike. 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 regional Chief Operating Officers, the CEOs of the
operating sectors, and the heads of certain central functions – defines the strategic approach to sustainability
and receives periodic information 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, reporting back to the Board.
This commitment to sustainability has further strengthened stakeholders’ level of confidence in the Group and
has also been recognized by leading sustainability rating agencies and other international organizations.
In 2011, Fiat S.p.A. was named as a sustainability leader for the third 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 the maximum score (94/100), together with BMW, compared to an average of
72/100 for Automobiles sector companies evaluated by SAM, the investment group specialized in sustainability
investing.
Fiat’s leadership was also endorsed by the Carbon Disclosure Project (CDP), a non-profit organization that
acts on behalf of 551 institutional investors and has US$71 trillion in assets under management. As a result of
its analysis of 400 companies worldwide and their climate change mitigation actions, Fiat entered the Global
500 Carbon Disclosure Leadership Index (CDLI) and Carbon Performance Leadership Index (CPLI) – the
only Italian company among the 23 companies admitted to both indexes. The CDLI includes companies in the
FTSE Global Equity Index Series (Global 500) that demonstrate the greatest transparency in disclosure of their
strategies and actions taken to combat climate change. The CPLI, on the other hand, includes companies that
have demonstrated the greatest commitment in reducing carbon emissions. Fiat received a score of 93/100
for transparency in disclosure and the maximum score (“A”) for the commitment shown in reducing carbon
emissions.
Following the assessment by Vigeo, a leading European agency in the assessment of companies with regard
to social, environmental and governance issues, in December Fiat S.p.A. became one of an elite group of
“Fiat S.p.A.
was named as a
sustainability leader
and included in
the Dow Jones
Sustainability
World and Europe
Indexes for the
third consecutive
year
”