The journey through Maddalena S.p.A.’s Sustainability Report continues with this second in-depth look at Corporate Governance and Economic Performance.
Maddalena S.p.A. it’s an independent company, family-owned, which sees the third and fourth generations working side by side. The Company adopts the traditional system of administration and control having as its main bodies the Board of Directors, the Board of Statutory Auditors, and the Shareholders’ Meeting. The legal audit of the Company is the responsibility of the Board of Statutory Auditors.
Franco and Clara Maddalena, who took over from their father, Giovanni Battista, in the 1980s, serve as Chairperson and Deputy Chairperson of the Company and are its Managing Directors together with their grandson Andrea Contin. Giovanni Maddalena and Filippo Fontanelli together with their cousin Andrea, are the fourth generation of the Company, each with their delegation, the first to the Sales Management, the second to the Technical Department, and the third to Management Control and Administration.
“With an export share of over 65%, Maddalena is one of the few major European companies in the sector, still independent and family-owned“
The structuring of an Integrated Management System is a very important aspect for Maddalena S.p.A. and its complexity requires a coherent approach in the management of numerous aspects that now include quality, health and safety, environment, data security, and sustainability. The company has long adopted an Organizational Model 231/2001
Fields of application
The main reference market of Maddalena S.p.A has always been that of water meters aimed at the Utility sector, starting with the Italian market and then expanding the business abroad. To date, the Submetering market share represents about 40% of turnover with significant growth expected in the coming years.
The perspective of the Sustainability Report differs from that of financial reporting: it looks at how the value produced rewards all stakeholders of the organisation
A means of building a dialogue with all stakeholders, this document provides an account of the company’s performance and impacts on environmental, social and economic (ESG) aspects and helps the company highlight sustainability opportunities and risks with the ultimate goal of creating shared value and improving the company’s reputation and competitiveness.
The Sustainability Report is thus a way to expand the concept of generated value, which is not limited to the creation of profits or shareholder remuneration, but also includes that of all other stakeholders involved in the company’s business, such as employees, customers, suppliers, local institutions and the community.
Suppliers, valuable partners.
In order to operate successfully worldwide, Maddalena S.p.A. works with companies that are very different in terms of size, organisation, and product. The conformity of incoming components is guaranteed by the choice of strategic partners, in a logic of product co-design and self-certification. Furthermore, Taking into consideration the relationships that account for at least 0.3% of the total value of supplies, we can say that 66% come from companies headquartered or with their operating center in Italy, and the remaining third from foreign companies.
The SA8000 approach introduced a supply chain assessment system also based on social responsibility requirements.
The profiling methodology initiated a qualification process that, combined with what was already envisaged and developed through the Integrated Management System, helps to prevent potential risks linked to the violation of workers’ rights by suppliers.
This project helps Maddalena S.p.A.
contribute to the 2030 Agenda Goals