ANDRIANI S.p.A. Società Benefit - Relazione di Impatto 2020

Andriani S.p.A. Benefit Corporation

On November 6, the extraordinary Shareholders Meeting formalised the company's transformation into a Benefit Corporation, with the goal being to allocate new liquidity in favour of future innovative and sustainable projects. This choice represents a clear stance for the company and a profound evolution of its approach to business.
In fact, being a Benefit Corporation means voluntarily pursuing not only profit but also one or more purposes of common benefit when carrying out the business activities. In concrete terms, while traditional companies exist with the sole purpose of distributing dividends to shareholders, a benefit corporation includes not only profit goals in its corporate purpose, but also those that have a positive impact on society and the biosphere. Introduced in Italy in 2016, this legal status has been adopted by over 500 Italian companies, which have recognised it as an excellent model to be able to face the challenges of the new millennium.

The Company has also already started the procedure to obtain B-Corp certification, awarded by B Lab Europe, an international non-profit certifying body operating as a supervisory body. B Corps are companies that are part of a global movement to spread a more evolved business paradigm and stand out in the market for their ability to innovate while maximising their positive impact on employees, the communities in which they operate, the environment, and all stakeholders. This legal form protects the company's mission, even with the entry of new investors, leadership changes, and generational changes.

Present in 150 sectors and over 70 countries, with an Italian community that includes about 100 certified companies, the B Corp movement seeks to redefine business by adapting it to our times and making it concrete and replicable. Michele Andriani, President and CEO of Andriani S.p.A. had this to say about this important new direction: "Becoming a Benefit Corporation was a spontaneous choice for us that represents another step towards the highest standards and the transparency that is part of our DNA and that we consider indispensable in a knowledgeable and virtuous business path."