ADDED VALUE: ALL-ROUND SUSTAINABILITY

Analyzing the distribution of added value, that is, the wealth produced by the company during its financial year, identifiable as the difference between gross production and the consumption of goods and services, is a good way to determine the company’s commitment to social responsibility.

2021 was an unusual year, unique, in many respects, in world economic history and therefore the history of each individual company. This has also been a difficult and exhausting year for the Group and the people it employs, requiring us to change our habits and to think and act in new ways, not only in the workplace, but also in our private lives and in our relationships with other people. In these situations, every organization, large or small, measures its resilience and can count on its own 'sustainability' as a balance between economic needs, respect for the environment and attention to social and civil issues. The wealth produced and distributed consists not only of the profit for the year, but also items that in the financial statements are classified as costs, whereas for us, like profit, they represent the value that the company generated through its economic activity. The breakdown of Iris Ceramica Group's value added reflects the function of overall governance and guidance of the Group's activity. The Group's financial data for 2021 in this context is in line, if not better, than the sector average and in any case consistent with our strategic goal of being a sustainable company in any situation and for all our stakeholders. 

Below are the main financial data, among which we would highlight the very high percentage of Economic Value directly generated and redistributed: over 80%. The figures used have been drawn directly from the consolidated financial statements, prepared in accordance with Italian GAAP and certified by the governance structure.