06 December 2022

Galdi becomes a Benefit Corporation

Marking a major milestone on the long path toward sustainability, the Benefit Corporation status will help us to further advance the values we believe in.

On 30 September 2022, Galdi has officially become a Benefit Corporation.

This important step formalizes the company's commitment toward a responsible, sustainable and transparent growth.

This journey began several years ago, as shown by many activities and services having “People, Communities and the Environment at their core”!

STEPPING UP SUSTAINABILITY

Italy was among the first countries in the world to recognise and regulate the status of Benefit Corporations.

For businesses where corporate governance is already geared toward sustainability and ethical commitment, this is an additional responsibility, meaning that they choose to pursue a global business strategy shaped by a "common benefit" purpose.

For us at Galdi, it was almost a natural, somewhat logical step.

Sustainability informs our mindset, is at the heart of all our design efforts and is shared by staff members too.

Over the years, we have co-created several initiatives to promote sustainable development in line with the Environmental, Social, Governance (ESG) approach, both within and outside our business.

Here are a few examples:

  • the publication of the Sustainability Report: an annual commitment we made six years ago, well in advance of regulations;
  • the Family Audit certification: this project has led to several initiatives and services to improve work-life balance in our firm;
  • the Galdi Village, a place to fill: created with the goal of improving the daily work of our employees by integrating sustainability with well-being, the Galdi Village, A place to fill is developing into a platform for ideas and local networking events.

THE NEW BOARD OF DIRECTORS

The Benefit Corporation status entails the implementation of a range of actions geared towards a common benefit.

The new Board of Directors, created after changing the company's bylaws, has been entrusted with leading the company through this change.

Along with Antonella Candiotto, Galdi's President and CEO, and Galdino Candiotto, founder and Vice-President, the Board also includes three Executive Directors with specific responsibilities:

  • Massimiliano Castoldi, who has gained international experience during his time with McKinsey and is currently partner at Adacta, will be in charge of organisational activities and business process analysis with a focus on streamlining the company's structure;
  • Claudio De Nadai, Founder and Managing Partner at BModel Advisory Boutique, who has over 20 years of experience in Corporate Finance and M&A, will coordinate the company's Management Accounting activities and be in charge of selecting and reviewing strategic M&A projects;
  • Michele Falzetta, Managing Director at Latterie Soresina, will preside over the formulation and study of potential development strategies to be included in the 2023-2027 Business Plan.

Commenting on the important transition to being a Benefit Corporation and the appointment of the new Board of Directors, Galdi’s CEO Antonella Candiotto said:

“Getting a broader and more articulated view of the global market, improving our sustainability profile, attracting talents who can help improve our performance: these are the primary goals of our business, which I am sure I can accomplish even more successfully thanks to the contribution and interchange of ideas with the three Independent Board Members, of whom I have high expectations. With very clear responsibilities related to their personal experience and background, board members will analyse strategic processes for the competitiveness of our firm, along with internal and external development opportunities, with a view to keeping the company's high level of attractiveness and profitability”.

Worth noting! The Board of Directors complies with gender diversity standards, with a woman CEO and a 33% female composition. In addition, 3 members of the Board (out of 6) are outside directors.

We’ve just embarked on our journey as a Benefit Corporation... we'll make sure to keep you posted on developments!