What is its function?
The essential review of content and role played by the Code of Ethics since 2000 was dictated by the need to complement rule-based contents, which had been previously prevalent, with value-based contents. These are based on mutual business commitments between the company and its stakeholders, aimed at influencing people to adopt ethical principles in a self-determined and responsible way.
Classification of ethical system's statements
|CODE OF CONDUCT||VISION, VALUES AND PRINCIPLES|
|NATURE||Corporate Governance code||Strategy policy|
|OBJECTIVE||Defines behavioural rules that are functional to|
regulatory compliance in the performance of
work duties, corporate offices and contracts
|It identifies the decision-making Values and |
Principles by which the Company is inspired and
which it engages to be consistent with in
pursuing its mission
|CONTENTS||Prohibitions and obligations framework|
It refers to individual behavioural principles:
(correctness, integrity, fairness, diligence, etc.)
|Factors that enable long-term value creation|
-They offer reference patterns for the decision-making
-They highlight what the company is not prepared
to give up in its development
The Ethical System has the task of highlighting to recipients our business style and the related decision-making and operating environments. Those who have a certain level of discretion in these scenarios can potentially cause an unfair distribution of costs and benefits between company and stakeholders (so-called ethical dilemmas), and the Ethical System aims to direct them towards response models inspired by the core of our corporate values.
From mission to ethical vision
|SEA Group’s mission is value creation for all individuals directly involved in the Group’s activities: shareholders, clients and employees.||SEA recognises as a specific and distinctive features of its value creation processes:|
- their connection with public interest that underlines the management and development of airport infrastructures that act as a point of access to the world and prosperity of the relevant region;
- its preference of innovation as elective response to the growing complexity that characterised business management and increases business risk;
- constant search for efficiency, meant as focus on optimising the use of company resources and identifying the best way of using them.
|This objective is pursued by offering services and solutions aligned with the growing demands of the market, which consists in a variety of entities, including passengers, air carriers, airport operators and commercial partners operating at Malpensa and Linate airports. Airport infrastructures managed by SEA guarantee air access to main international destinations to a variety of users operating in a catchment area among the most developed in Europe, acting as a reference point for the development of economy and of Northern Italy as a whole.||In pursuing that value creation profile, SEA implements a service management approach focused on nurturing professional excellence, consolidating and progressively expanding meritocracy criteria for allocation of roles and responsibilities within the organization and developing a that inspires vision and co-operative solutions, both within the company and with respect to its relationship with the surrounding environment.|
|Services supplied by SEA Group are guaranteed by the management and the development of safe, cutting-edge infrastructure, with a key focus on the social development of the reference community and environmental protection.||SEA identifies the founding principles of this entrepreneurial approach in the development of relationship, both within business and between the company and its stakeholders, which are characterised by actual respect, transparency and co-operation.|