Better Health for All

Exor's portfolio includes significant investments in automotive, industrial, and oil & gas sectors, which represent a substantial portion of its Gross Asset Value (GAV). These sectors are associated with negative health externalities such as pollution. For example, Welltec provides solutions for the oil and gas industry, and Ferrari, Stellantis, CNH, and Iveco Group represent 77% of Exor's GAV.

Philips Respironics, a subsidiary of Exor's investment Philips, faced a recall and agreed to pay $1.1 billion in settlements to the US Department of Justice and the FDA, along with €540 million to insurers for product liability claims. Philips' health technology improves the lives of nearly 2 billion people annually, with a goal to reach 2.5 billion by 2030. Philips is expanding access to minimally invasive treatments in Indonesia and focuses on underserved and remote communities globally, including mobile health units in the Australian outback and digital solutions in the rural US. Exor invested an additional ~€500 million in Philips, and its stake grew to over €4 billion. Philips applies responsible and sustainable AI and data principles to its solutions. Philips' HeartPrint in India provides affordable cardiovascular diagnostics for preventive screening, and the SmartSweep application aims to improve maternal health outcomes in remote areas. Exor supports CERN Science Gateway and Matabì, an educational initiative. Mérieux NutriSciences, an Exor investment, acquired the food testing business of Bureau Veritas, creating a business with $1 billion in revenue. Philips is working to create more resilient healthcare systems.

Fair Money & Economic Opportunity

EXOR V is a diversified holding company whose primary function is investment and management of its portfolio companies, rather than direct involvement in day-to-day operations or direct provision of financial services to consumers. As such, the company does not offer lending or deposit services, consumer credit products, or generate customer finance data.

Therefore, all KPIs related to direct financial services, customer interactions, and associated regulatory compliance or outcomes are not applicable to EXOR V's core business model.

Fair Pay & Worker Respect

For Exor's own operations, the annual total remuneration ratio of the highest paid individual to the median total remuneration for all employees is 46.85.

No employees at the Exor holding level are covered by collective bargaining agreements. In 2024, there were zero recordable work-related accidents in Exor's own operations. At December 31, 2024, the pay equity ratio showed that female employees, on average, earned 18.87% more than their male counterparts, calculated based on base remuneration and short-term incentives. The voluntary employee turnover rate for Exor's own operations was 9% over the reporting period. Out of 23 employees, 22 are on permanent contracts and 1 is on a temporary contract. No incidents of discrimination, including harassment, were raised, and no complaints were filed through channels for people in the Company's workforce to raise concerns. Additionally, no significant fines or non-monetary sanctions were incurred during FY2023.

Fair Trade & Ethical Sourcing

Exor ensures its investee companies adopt Codes of Conduct based on its own.

Ferrari requires all suppliers to respect its Code of Conduct, and Iveco Group has implemented a Supplier Code of Conduct, requiring suppliers to adhere to ethical principles including prohibiting forced and child labour. Stellantis has a Code of Conduct and Global Responsible Purchasing Guidelines for its supply chain. Stellantis is addressing the responsible supply of critical raw materials, such as lithium, through equity investments and off-take agreements. In 2022, $8.1 million was spent for local communities by Exor's investee companies.

Honest & Fair Business

Exor reported no ethics-related regulatory fines in 2024, and a €746 million settlement with Italian Tax Authorities in 2022 related to a 2016 tax issue explicitly stated no penalties were levied.

The company has not had any financial restatements in its first Sustainability Statement in line with CSRD requirements. A whistleblowing mechanism is in place, allowing anonymous reporting and explicitly prohibiting retaliation, with concerns tracked and monitored, and no complaints filed in 2024. Exor has an anti-bribery policy supporting UN Convention principles, requiring compliance with national and foreign laws, and assessing counterparties for money laundering risks. The Sustainability Statement was subject to limited assurance by external auditors. Six of the nine Non-Executive Directors qualify as independent for the purposes of the Dutch Corporate Governance Code. However, the anti-bribery policy's training frequency and effectiveness metrics are not detailed. The extent of independent audit coverage for overall revenue, assets, or subsidiaries is not specified beyond the Sustainability Statement.

Kind to Animals

No specific data related to EYX.XETRA or the ethical value 'Kind to Animals' was found across any of the provided articles.

The articles primarily discuss sustainability efforts of its subsidiaries (Stellantis, CNH, Iveco Group, Ferrari, The Economist Group) but explicitly state that no data relevant to EYX.XETRA or animal welfare metrics is present.

No War, No Weapons

Exor publicly cites alignment with UN Guiding Principles on Business and Human Rights (UNGP) and references the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas.

However, the evidence indicates that implementation is uneven across divisions, as only public investee companies are characterized by robust sustainability governance and policies adhering to international guidelines. For conflict minerals, Exor works for the responsible supply of 3TG (gold, tin, tantalum, tungsten), Cobalt, and Mica, but no percentage of the supply chain certified conflict-free is provided, nor is there information on traceability beyond requiring suppliers to communicate smelter and refiner information.

Planet-Friendly Business

Exor reported total Scope 1, 2, and 3 GHG emissions of 42,344,351 tCO2e for 2024, with Scope 3 forming the largest part.

Exor aims for net-zero emissions at the holding level by 2025 and achieved carbon neutrality in 2022, 2023, and 2024 by offsetting remaining emissions. Its investee companies, Ferrari, CNH Industrial, Iveco Group, and Philips, have publicly committed to setting SBTi targets, but Exor itself does not have SBTi-validated targets. For 2024, Exor's EU Taxonomy assessment identified no eligible activities for its own operations and consolidated subsidiaries. However, for 2023, 10% of its CapEx was taxonomy-aligned based on its operating subsidiaries. Exor reported no significant fines or non-monetary sanctions for environmental compliance in FY2021, FY2022, and 2024. Exor published its first TCFD-aligned disclosure in 2023 and intends to publish another in 2024. It performs climate scenario analysis considering various pathways (Business as usual, Slowed down, Intermediate, Accelerated) to assess risks and opportunities. Stellantis, an investee company, reached 58% decarbonized electricity use in 2023, with a target of 100% by 2030. CNH Industrial aims for 90% renewable electricity by 2030. CNH also recovered 95% of waste at its plants worldwide in 2023, with a target of 98% by 2030. Stellantis offers reskilling and upskilling programs to reinforce employee employability.

Respect for Cultures & Communities

The provided articles, primarily EXOR's annual reports, focus on financial performance and strategic overviews of the holding company (EYX.XETRA, also known as EXOR V). They do not contain specific, quantifiable data points for EXOR regarding its direct engagement with local communities, cultural preservation, or related social impact metrics.

Information such as the number of formal partnerships, percentage of revenue reinvested locally, cultural appropriation incidents, or the existence of cultural impact assessment protocols is not explicitly stated for the company being assessed. Therefore, no KPIs can be scored based on the evidence provided.

Safe & Smart Tech

EXOR's security approach is based on IEC 62443 and NIST Cybersecurity Framework 1.0.

VPN sessions and communications between remote users and EXOR devices are end-to-end encrypted using SSL/TLS protocol with strong symmetric and asymmetric algorithms. All users and EXOR devices are authenticated using x509 SSL certificates. The company offers two-factor authentication, unique user logins, and configurable user rights. EXOR's Code of Conduct, updated on April 10, 2024, includes guidelines on data privacy and a whistleblowing policy for reporting infringements. The company maintains an internal control and risk management system to identify, measure, manage, and monitor its principal risks. The Sustainability Statement for 2024 is prepared in accordance with the European Sustainability Reporting Standard (ESRS) and addresses the requirements of the Corporate Sustainability Reporting Directive (CSRD). EXOR's approach to security is based on IEC 62443 and NIST Cyber security Framework 1.0, which are frameworks for vulnerability management.

Zero Waste & Sustainable Products

CNH Industrial recovered 95% of waste at its plants worldwide in 2023.

Ferrari's vehicles have a minimum recyclability of 85%, calculated in accordance with ISO 22628:2002. Ferrari has embraced circular economy principles in product design, focusing on durability, repairability, and recyclability. Stellantis has integrated circular economy principles into its business model, focusing on eco-design, green materials, end-of-life management, and a 4R strategy (Remanufacturing, Repair, Reuse, Recycle). Iveco Group aims to implement solutions that minimize product and process impact through a circular product life cycle approach. Philips has targets to embed circular practices at its sites and achieve zero waste to landfill. Exor promotes recycling and waste reduction in its offices. Ferrari’s Environmental Practice promotes the reuse of waste materials. Philips targets generating 25% of revenue from products, services, and solutions contributing to circularity by 2025. The generation of hazardous waste linked to operational processes at investee companies is identified as a negative actual impact. Ferrari designs products with durability in mind. Philips targets offering responsible take-back on all professional equipment by 2025. No significant fines or non-monetary sanctions were incurred by Exor in FY2022. Ferrari encourages sustainable practices among its business partners and suppliers, requiring adherence to its Code of Conduct. Stellantis has strong supplier involvement with business awards based on CO2-eq emission requirements. Iveco Group monitors supplier performance through sustainability risk assessments and audits.