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Following an analysis process of about two years, which considers the main companies in the Defence & Security sector worldwide, the independent organisation recognised the measures implemented by Leonardo, highlighting the adoption of more stringent anti-corruption policies and a significant increase in its levels of transparency. As a result of actions taken, Leonardo has climbed the index rankings when compared with the previous survey in 2015. The higher score places the company in “Band A”, the highest Band in the evaluation scale. The assessment is based exclusively on the analysis of information accessible to all stakeholders, and evaluates 134 companies across the sector from 38 countries.
Through a long and continual commitment undertaken over the last few years, Leonardo has adopted a new code of ethics, and has strengthened the responsibilities and internal controls within Internal Audit, Offset and Trade Compliance. The Company has also launched a new code for managing relationships with suppliers, issued new and even more stringent guidelines for commercial agents and consultants, and obtained, unique in the sector, the ISO 37001: 2016 “Anti bribery management system” certification. In addition, it has promoted internal whistleblowing campaigns, and adopted new risk assessment methodologies with particular focus on anti-corruption profiles in relation to the management responsibility of the business.
“Transparency, ethics and anti-corruption are the basis of Leonardo’s governance and this recognition by Transparency International confirms (ti-defence.org) the validity of the path that has been undertaken by the company for some time. A path aimed at the adoption of a structured approach and aimed at constant improvement in the effectiveness of the tools adopted by the company”, underlines Luciano Carta, Chairman of Leonardo. “The strengthening of the activities implemented, from the periodic review of the ethics and anti-corruption code to the implementation of an internal control organisational model, has made it possible to achieve a governance and management system which is successful in the prevention of possible risks, whilst promoting and developing an ethical business culture”.
“Reaching the highest level of the index developed by Transparency International is the result of constant work by an integrated and cohesive team, which involved all the relevant corporate functions” says Alessandro Profumo, CEO of Leonardo. “This work allowed a particularly significant result which is a source of pride for all employees. This achievement demonstrates how compliance with the rules relating to the fight against corruption in business conduct is central and a priority for carrying out our business in the best possible way in all the countries in which we operate”.
This important result follows the appointment of Leonardo as a leading company in its commitment to promoting the ten principles of the Global Compact relating to human rights, jobs, the environment, the fight against corruption, and the support of initiatives in line with the Sustainable Development Goals (SDGs), promoted by the United Nations.
About Leonardo
Leonardo (leonardocompany.com), a global high-technology company, is among the top ten world players in Aerospace, Defence and Security and Italy’s main industrial company. Organized into five business divisions, Leonardo has a significant industrial presence in Italy, the United Kingdom, Poland and the USA, where it also operates through subsidiaries such as Leonardo DRS (defense electronics), and joint ventures and partnerships: ATR, MBDA, Telespazio, Thales Alenia Space and Avio. Leonardo competes in the most important international markets by leveraging its areas of technological and product leadership (Helicopters, Aircraft, Aerostructures, Electronics, Cyber Security and Space). Listed on the Milan Stock Exchange (LDO), in 2019 Leonardo recorded consolidated revenues of €13.8 billion and invested €1.5 billion in Research and Development. The Group has been part of the Dow Jones Sustainability Index (DJSI) since 2010 and is named as sustainability global leader in the Aerospace & Defence sector for the second year in a row of DJSI in 2020.
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