To make this goal even more effective and tangible, Fastweb has taken the status of Benefit Company as at 1 January 2022, further confirming its will to indelibly imprint in its DNA, in its daily life and in future generations of directors and managers, the focus on sustainability that has always distinguished it.
This approach is aimed at formally balancing what is beneficial to shareholders with what is beneficial to stakeholders. Fastweb thus becomes also formally a company that works according to a sustainable development model in the interest of all stakeholders, and that shares the value generated and its own growth in the community in which it operates.
By becoming a “Benefit Company”, Fastweb adopts the stakeholder company model, which combines the typical business objectives of a company with those of an institution that operates in a sustainable manner for the community, the country and the environment.
Fastweb, as a Benefit Company, defines annual Common Benefit goals that have a material, objective and measurable impact for all stakeholders involved and adopts all measures aimed at ensuring maximum transparency as well as the stakeholder involvement in the process of defining and reporting on its operations.