1 Internal Audit & CSR Dept. Milan, 14 September 2007 Autogrill Group From Ethics as a part of...

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Internal Audit &CSR Dept.

Milan, 14 September 2007

Autogrill GroupFrom Ethics as a

part of compliance

activity to embed

Social Responsibility

in management

attitude

Silvio de Girolamo

Chief Audit & Social Responsibility Executive

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Autogrill snapshot

Autogrill reflection on ethics

Social Responsibility in Autogrill

Ethics/Compliance vs. Sustainable Governance

Link Governance and Value

Autogrill Mission & Values

Sustainable and competitive approach in Autogrill

CONTENTS

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Autogrill is the world’s biggest provider of food & beverage

and retail services for travellers. With sales of around € 4

billion in 2006, it’s present in 34 countries, with over 4,800

points of sale in over 1000 locations, where about 55,000

employees serve over 890 million customers every year.

The Group operates mainly in airports, along motorways and

railway stations.

AUTOGRILL SNAPSHOT

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AUTOGRILL SNAPSHOTTotal turnover: 3,929.4 €mTotal employee: 54.953

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Why we have in mind only the company profit with a short termvision that represent just one dimension of the value?

Why we don’t take in consideration the expectations of stakeholders?

Why we don’t anticipate all the risks also for social and environment contest ?

AUTOGRILL’S REFLECTION ON ETHICS

The managers have to start to think about the long term value of the company, taking in consideration the triple bottom line: Economic, Social and Environmental Performances

Understand and evaluate the expectations of Stakeholders as a critical factor to gaining competitive advantage and enhancing value for stakeholders. The company have started the Proactive Approach and not just reactive in order to anticipate the consequences of failure of system

This it will be useful to instilling a Sustainable Risk Culture across the organization

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In Autogrill view, Social Responsibility means creating value giving due regard to profitability and at the same time ensuring that the Group's growth is sustained over the longer term by good governance and by safeguarding the interests of all the people involved in our business.

Strike a balance between the financial, environmental and social dimensions of our business, considering also the new international set of rules drawn from community provisions regulating the enforcement of the law in favor of the stakeholders:

• “La legge sul Risparmio” (law 262/2005)

• Legislative Decree No.231, 8 June 2001

Considering the high performance this target needs, the corporate organization

have to implement and control all the necessary activity that have to support the

declaration of those mentioned principles

SOCIAL RESPONSIBILITY IN AUTOGRILL

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Compliance focus on the enforcement of laws, rules, regulations and policy. This methodology has the authority to investigate, correct wrongdoing, facilitate discipline, and report to the board.

ETHICS/COMPLIANCE VS. SUSTAINABLE GOVERNANCE

Companies should put in place Sustainable Governance programs:

which focus on social responsibility consists at least of legal, economic,

consumer, environmental responsibility. In this way they secure long

term economic performance and manage their sustainable risks with no

reputational damage.

BUT COMPLIANCE OF LAWS, RULES, REGULATIONS, AND POLICY IS NOT ENOUGH

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CONTROLS GOVERNANCE

– NOT LINKED WITH PROFIT

RISK GOVERNANCE

– COMPANY PROFIT

SUSTAINABLE RISK GOVERNANCE

– SHARED VALUE

LINK GOVERNANCE AND VALUE

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FROM ASIDE PROJECT TO SUSTAINABILITY PACKAGE

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AUTOGRILL MISSION & VALUES

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SUSTAINABLE AND COMPETITIVE APPROACH IN AUTOGRILL

Code of Ethics

Email address of the Supervisory Body in EU and

Ethics Hotline in US

Sustainability Workshop

CSR Cards and Sustainability Package

Sustainability Report

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1 Internal Audit & CSR Dept. Milan, 14 September 2007 Autogrill Group From Ethics as a part of...

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