The materiality matrix provides a summary framework of the topics which could potentially influence the actions and performances of Piaggio, its stakeholders’ decisions, as well as the level of “alignment” or “misalignment” between the priority of intervention that stakeholders attribute to the different topics and the level of commitment that the Group takes on relative to them.

Materiality diagram

Materiality diagram

Materiality Analysis

The analysis of materiality was conducted based on the GRI-G4 guidelines with respect to the definition of the relevant topics and application of the principle of materiality.

In 2016 there was a structured process of mapping and prioritisation of the Group’s relevant stakeholders, which saw the involvement of the corporate structures which handle the relations with the various stakeholders (Business Ethics Committee, Investor Relations, Personnel Management, After Sales, Product Development, Finance, Technologies Management, Purchasing Management, Sales Management, External Relations Management). The relevance of the different stakeholders was evaluated and pondered in relation to the following parameters: dependency (taken as the importance of the relationship to the stakeholder), influence (importance of the relationship to the Company) and urgency (temporal dimension of the relationship).

The topics relevant to Piaggio were defined based on different sources, among which are the corporate policies and principles, the 2015 Sustainability Report, and the initiatives for listening to the stakeholders.

Two dimensions were looked into on these topics: ›on the Stakeholder side, the relative importance of each topic as perceived by the Company function in relation with the stakeholders; ›on the Company’s side, the topics on which Piaggio means to focus its efforts and the “level” of commitment.

Therefore, in the upper part of the matrix there are topics into which - in the area of the Group’s strategic objectives - a significant investment is foreseen in the next few years.

The analysis of the two dimensions has made it possible to prioritise the topics and position them on a matrix. The materiality matrix provides a summary framework of the topics which could potentially influence the actions and performances of Piaggio, its stakeholders’ decisions, as well as the level of “alignment” or “misalignment” between the priority of intervention that stakeholders attribute to the different topics and the level of commitment that the Group takes on relative to them.

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