Our Charter of Values
Governance of Sustainability
For the Sabaf Group, respect for business ethics and socially responsible behaviour are among the fundamental elements of its business model.
The Board of Directors is the central body of Sabaf's Corporate Governance system and directs the Group in the pursuit of sustainable success, understood as the creation of long-term value for the benefit of the shareholders, while respecting the interests of other stakeholders. In the pursuit of sustainable success, the board of directors is responsible for ensuring compliance with the values, rules of conduct and the commitments stated in Sabaf's code of ethics (the Charter of Values).
The Board of Directors defines the strategic guidelines of the Company and the Group consistent with the pursuit of the goal of sustainable success.
Compliance
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UN Global Compact
In 2004, Sabaf formally joined the Global Compact, the United Nations initiative for companies that commit to upholding and promoting the ten universally accepted principles of human rights, labor standards, environmental protection, and fight against corruption.
Every year, by signing the CEO Statement of Continued Support and by publishing the Communication on Progress and the Annual Report, Sabaf renews its commitment to make the Global Compact and its principles an integral part of its strategy, culture, and day-to-day operations. The company explicitly declares its commitment to all employees, partners, customers, and the general public.
https://www.unglobalcompact.org/
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APPLiA Code of Conduct
Sabaf complied with the APPLiA (Home Appliance Europe) Code of Conduct, an association of household appliances manufacturers representing companies in the household appliances industry. The Code of Conduct confirms the European household appliance industry's commitment to sustaining ethical and fair behavior. It also promotes equitable and sustainable standards in working conditions and environmental protection to support fair competition in global markets.
The producers complying with the Code commit themselves voluntarily to implement decent working conditions, including compliance with common standards regarding minimum age, working hours, hygiene and safety requirements, respect for freedom of association and collective bargaining, and to observe practices that respect the environment. The signatory companies also undertake to raise awareness among their suppliers of the Code's principles and encourage them to pursue and apply these to the entire supply chain.
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CDP
Aware of the value of complete and transparent disclosure, in 2024, Sabaf joined for the fifth consecutive year the CDP Climate Change and Water programs. CDP is a non-profit organization that provides companies, local authorities, and governments with a global system to measure, manage and disclose information about the environment. In particular, companies are asked to participate in an annual survey on the impact their activities have on the environment, the management of their environmental risks, and the results achieved.
The goal is to make environmental performance central in the business and investment decisions, leveraging information transparency.
In 2024, in its fifth year of participation, Sabaf received a C rating both in the Climate Change section and in the Water section on a scale ranging from A to F.
Material impacts, risks and opportunities
The Sabaf Group conducted a double materiality assessment to identify material impacts, risks and opportunities (IROs) for the Group and its value chain.
Materiality was assessed from an inside-out (impact materiality) and/or outside-in (financial materiality) perspective.
The result of the analysis that was conducted provides an overview of the sustainability matters the Group prioritises in its business strategy, as well as the strategic matters covered by material policies, objectives and metrics for driving and improving its sustainable growth.