ESG & Sustainability

A signatory to the United Nations Global Compact since 2016 

We are committed to making sustainability one of the key drivers of our business strategy, and to ensuring this approach is reflected in the services we deliver to our clients.  

We actively support the 10 Principles of the UN Global Compact relating to human rights, labour standards, the environment, and the fight against corruption.  

Progress on implementing these principles is reported annually to our stakeholders.  

Our network 

We also participate in national and international forums dedicated to corporate social responsibility (CSR) and sustainability. 

Since 2016 these include Fondazione Sodalitas, the Italian partner of CSR Europe, as well as Transparency International and its Italian working group Business Integrity Forum, which supports voluntary anticorruption initiatives.  

In December 2020, we formalised our membership of Valore D, the first association of companies in Italy that promotes gender balance and an inclusive culture within organisations. 

E$G & Sustainability

Our approach to Sustainability 

Our path towards sustainability involves both internal and external measures; 

Our commitment to support clients' sustainability

We help our customers take strategic decisions in relation to sustainability, environmental and social impacts, stakeholders' engagement and sustainable growth and we support them in the implementation of their sustainability strategy. 

In order to follow the principles of fairness and transparency and create long-term added value relationships, we guide our customers through the integration of ESG principles in their daily business activities: 

- Sustainable financial operations 
- Digitization of the supply chain and sustainable purchasing 
- Certification of sustainable assets 
- Emissions reduction
- Identification and mitigation of risks. 

The purpose of our "Sustainability Strategy in Shipping” initiative is to bring together International financial institutions and leading shipowners and operators who care about their ESG performance and environmental footprint with the aim to develop shipping projects, including retrofits and new ship building, that promote sustainable operations and expansion of energy efficient fleets

Key steps in planning and implementing the initiative include: 

- Identify Companies’ Sustainability strategy  
- Outline the framework that best fits Financial Institutions’ scope of funding 
- Define optimization initiatives driven by operational and environmental performance targets  
- Leverage Companies’ ESG efforts with access to Sustainable capital 
- Monitor Environmental Social Governance Performance through KPIs 
- Support Companies to benefit from energy efficient fleets and engage more stakeholders such ascharterers, vendors, shipyards, as required. 

 

The project in a nutshell 

 

Build a Company’s Sustainability Strategy to achieve: 

- Compliance with Decarbonization regulation-optimum commercial and operational performance 
- Alignment with requirements of sustainable finance in view of increased demand for green projects  

Identify commercial, technical and operational initiatives and metrics:  

- Specific to the company’s structure, size, planning and operations  
- Measurable by a practical, results oriented methodology  
- Achievable and in line with the company’s optimum technical resources and human capital and competences  
- Relevant to the compliance and optimization targets of the company  
- Time-bound by the regulation deadlines and fleet commercial and operational constraints 

Develop Environmental Social Governance reporting in line with:  

- Financial institutions’ recommended framework (Poseidon principles, Green Loan Principles by ICMA, EU taxonomy regulation, Green Deal)  
- Global Reporting Initiative [GRI] standards 
 -Sustainability Accounting Standards Board [SASB] materiality table linked to UN 17 SDGs, adopted by IMO Engage financial institutions focusing in green projects to finance the identified initiatives on the basis of-increased transparency -systematic measuring, reporting and improvement of major operational metrics -evidencing company’s commitment in the commercial and technical high performance of the fleet 

 

- Support in the definition of a strategic corporate sustainability path (analysis of objectives, policies and development plans) 

- Support in the definition of sustainability objectives and actions, sustainability governance, sustainability policy, ISO 26000 assessment 

- Support in the definition of stakeholders’ engagement plans and strategies 

- Support in the development and implementation of stakeholders’ engagement and materiality analysis activities 

- Support in the identification and analysis of risks related to the entire supply chain 

- Support in the definition and implementation of supplier assessment criteria (e.g. codes of conduct and sustainable procurement, self-assessment questionnaires and supplier assessment models), Assessment in view of ISO 20400 

- Targeted audits on suppliers to verify compliance with agreed sustainability standards 

- Support in the definition and implementation of policies relating to the promotion of respect for human rights and in the implementation of a reporting process relating to respect for human rights (eg in line with the "Framework for reporting the guiding principles of the To merge") 

 


 

Sustainable finance plays an essential role in the energy transition. 

We offer support in the optimization of the blending between private and public funds, using structured finance tools for projects related to climate change and the circular economy: 

- Identification of financing instruments, Financial Impact Assessment, Financial and Technical Management of the Project 

- Due diligence and technical, energy, social, health and safety audits to identify opportunities on industrial, commercial or residential subprojects and assistance to the developer in the publication of grant / loan applications 

- Document reviews aimed at identifying potential risks and blows and recommending corrective actions and project-specific mitigation measures 

- Credit institutions: compliance studies for environmental and social impact assessment and climate film risk assessment 

- Creation of criteria for green bonds: Identification and evaluation of projects / assets that meet the criteria of the most interesting sectors, development of the Green Bond Framework that determines the use of the proceeds from the bond, benchmarking of customer processes against industrial best practice and evolving standards 

- Development: organization and preparation of support material in accordance with the Green Bond Principles, support in the presentation to the potential investor 

- Stakeholder management 

- Independent third party guarantee 

- Monitoring and reporting: development of KPIs and project evaluation metrics, preparation of an annual report on environmental financial results, support in reporting to internal and external stakeholders 

Technical assistance for the preparation of the Climate Change Risk Assessment (CCRA) according to the definition provided by the Equator Principles IV which includes: 

- Assessment of current and expected climatic risks (transitional and / or physical as defined by the TCFD) relating to the operations of the Project 

- Evaluation of the customer's plans, processes, policies and systems in place in order to manage (mitigate, transfer, accept or control) risks 

- Compatibility of the project with the national climate commitments of the host country- Analysis of global and regional climate changes, global trends in greenhouse gas (GHG) emissions policies and regulatory tools 

- Evaluation of the GHG emissions of the Project- Identification of sustainability and adaptability measures for the Project 

The compliance activities of the independent assessment are required as per IFI and EP standards and, consequently, by the vast majority of financial intermediaries of the sponsor of the project. 

- Support in identifying and assessing risks related to ESG issues ("ESG Risk Intelligence Map", Reputational risks, Cyber risks, stress test on Climate Change, legality rating) 

- Thorough technical, environmental and social screening and due diligence review / benchmarking and assessment of a firm / project's ESG understanding and performance, including identifying data gaps and opportunities for program development, engagement stakeholders, resource efficiency, data verification, identification and monitoring of KPIs, reporting and training. 

Sustainable finance plays an essential role in the energy transition. 

We offer support in the optimization of the blending between private and public funds, using structured finance tools for projects related to climate change and the circular economy: 

- Identification of financing instruments, Financial Impact Assessment, Financial and Technical Management of the Project 

- Due diligence and technical, energy, social, health and safety audits to identify opportunities on industrial, commercial or residential subprojects and assistance to the developer in the publication of grant / loan applications 

- Document reviews aimed at identifying potential risks and blows and recommending corrective actions and project-specific mitigation measures 

- Credit institutions: compliance studies for environmental and social impact assessment and climate film risk assessment 

- Validation of European environmental technology 

- Ethical Declaration (ISO 17033) 

- Innovation Manager 

- Network Managers 

- Export Managers- Temporary General Managers 

Resources

Case study

Barilla’s Carta del Mulino and the ISCC PLUS certification

Barilla has selected RINA as their partner to certify all the suppliers in their supply chain

Case study

ISCC PLUS Certification for VERSALIS

Versalis have selected RINA as their partner for ISCC PLUS certification