Transition Plan: Leonardo publishes its transition strategy

Leonardo is defining initiatives to address current challenges and promote sustainable growth, following a strategy that integrates sustainability across the entire value chain, starting from the business strategy.

This process is based on continuous dialogue with stakeholders and the definition of Sustainability Goals, where innovation, digitalization, and skills are essential for the sustainable transition and for the protection of the planet and people.

The goals, aligned with the priorities emerging from the materiality analysis, cover various dimensions – governance, climate and environmental commitment, social impact, and digitalization – and are accompanied by specific targets and monitoring KPIs for each area.

The Board of Directors, assisted by the Sustainability and Innovation Committee and the Risk and Control Committee, defines the strategic guidelines on sustainability and supports the pursuit of sustainable value creation for our shareholders and stakeholders in the medium to long term.

The definition of a sustainable strategy for Leonardo is also based on materiality analysis, the key process for identifying the issues representative of the impacts generated by the Company (material issues) on planet, people, society and the economy, including human rights, integrating the perspectives of key interest groups into the management vision. The analysis supports and guides the identification of strategic objectives, the definition of the Sustainability Plan and the elaboration of the Annual Integrated Budget.

In 2023, this process directly involved over 500 external and internal stakeholders, representing 13 categories of stakeholders relevant to the Group, its management, and the Board of Directors, in order to catch all the main issues of the ecosystem in which Leonardo operates . The process took place in 3 phases: the analysis and understanding of the regulatory context, the identification of impacts and the assessment of their significance, also carried out through the involvement of internal and external stakeholders. The results of the analysis made it possible to define material topics for the Group, approved by Top Management.

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 material topics (materiality analysis).

In 2022, the value of lobbying contracts was approximately $1.7 million (approximately $1.8 million in 2021 and 2020, approximately $1 million in 2017) and is related to activities carried out mainly in North America and Poland, Germany and Brazil.