SUSTAINABILITY

Sustainability is a vital foundation for the enduring progress of people and the planet. At the heart of Leonardo’s approach are research, technological innovation and digitalisation to enable a quicker transition to inclusive and sustainable development, in line with the UN Agenda 2030 (Sustainable Development Goals) and the multi-lateral commitments at international level. Sustainability has become a key element in competitiveness by supporting innovative processes and the ability to attract talent.

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Leonardo has a structured and integrated governance system to effectively pursue its long-term sustainability strategy. The Board of Directors, with the support of the Sustainability and Innovation Committee and the Risk and Control Committee is responsible for assessing progress towards sustainability targets, in line with the Industrial Plan and the Sustainability Plan.

Through an approach based on following the rule of law, on integrity, transparency (link to Ethics and compliance) and respect for human rights, Leonardo integrates sustainability into its business, creating value for people, for the planet and for a productive and innovative ecosystem linked also to the prosperity of the communities and territories where company operates.

Leonardo’s Sustainability Plan translates the Group’s vision into action through projects, initiatives and practices focused on achieving the Sustainable Development Goals (SDGs) of the UN Agenda 2030, in line with the European Green Deal and Next Generation EU.

The aim is to generate shared value for stakeholders that can be quantified over time. In the Sustainability Plan, Leonardo’s capability in technological and digital innovation is the starting point for finding solutions to global problems and to accelerate the transition to inclusive, sustainable development.

The Plan is divided into eight action areas and covers the entire value chain, from research and innovation to operations, right through to the development of new solutions and new business models, involving divisions, companies and functions.

The Plan’s effectiveness is further strengthened by the Sustainability Targets that Leonardo is committed to achieving in the short, medium and long term. The Targets  are essential elements to consolidate the strategy, to improve the competitiveness of Leonardo and the industrial ecosystem in which Leonardo is a driving force, with the direct involvement of the entire supply chain.

Leonardo’s sustainability strategy integrates the stakeholders’ perspective. This vision is founded on dialogue and listening, consolidated by engagement activities, such as the process that led to the definition of the priority matrix (materiality).

In 2020, the value of lobbying contracts was approximately $1.8 million (approximately $1.5 million in 2019 and 2018, approximately $1 million in 2017) and is related to activities carried out mainly in North America and Poland.

The Materiality analysis identifies and assesses strategic priorities through dialogue with internal and external stakeholders. This is a targeted process that identifies key topics for Leonardo and its stakeholders, which can affect the company’s ability to generate value and protect it in the short, medium and long term.

The Materiality analysis guides the preparation of the Sustainability Plan. The Plan aims to consolidate the Group’s ability to have an impact on the widest possible network of stakeholders, through a new approach to the design of products, services and processes, using the supply chain as a starting point and boosting digital development and the creation of partnerships.