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7

Sustainability

The Group's activities in the area of Sustainability deserve a special mention, with a view to giving

continuous attention to our stakeholders' expectations. The Group has continued to step up its commitment

to Corporate Social Responsibility, in particular by analysing the impact of its activities in a more detailed

fashion, by adopting additional KPIs and new policies, by improving disclosure and by implementing

stakeholder engagement initiatives. Among the main achievements, I would like to mention its entry to the

FTSE4Good global index, the 10-point improvement of position in the Dow Jones Sustainability Index, the

certification by an accounting firm of the Sustainability Report prepared under the G4 guidelines of the

Global Reporting Initiative, and participation in the Carbon Disclosure Project. Last but not least, reflecting

the strategic importance we attach to this area, the Board of Directors has put the Compensation and

Nominations Committee in charge of supervising issues concerning sustainability.

Value creation and shareholder remuneration

Financial year 2015 has therefore produced positive results for our shareholders, to whom we are able to

confirm achievement of our profit targets and to propose a dividend in line with 2014.