Climate Change Data

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Difficult market conditions in Italy and worldwide due to the global financial crisis and fears of recession, leading to decreased consumption and advertising spending, particularly in daily newspapers.
• Contraction in newspaper market due to falling overall consumption, increasing popularity of free and online newspapers.
• Reduced demand for promotional products sold with newspapers.

Mitigation Strategies

• Strategies aimed at containing costs and obtaining spaces to differentiate activities, including linking with local papers and sales price differentiation.
• Development of strategies in the internet sector.
• Supply contracts with fixed prices and quantities for paper, procurement from geographically diverse suppliers.
• Monitoring share prices and investment/divestment policies to optimize cash flows and diversify risk.

Supply Chain Management

Responsible Procurement

• Supply contracts with Italian and foreign companies with fixed prices and quantities for a maximum period of approximately 12 months, and through procurement from suppliers based in different geographic areas

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IAS/IFRS