Governance system

Iren Group’s governance is based on values, principles and ethical behavior within an industrial model that plans for sustainable growth to meet the expectations of all those who relate to the Group, consistent with the principle of sustainable success and the provisions of the Code of Ethics.


The Board of Directors defines the strategy, objectives, policies and principles of behavior to ensure the creation of value over time for shareholders and all other stakeholders, together with the sustainability plan that Iren has chosen to integrate into the Strategic Plan for the development of the Group. It assesses economic, environmental and social performance, risks and opportunities relevant to the Business Plan and is constantly involved in stakeholder engagement activities.


Internal Board Committees and Management Committees help ensure the integration and oversight of ESG (Environment, Social, Governance) factors, from strategic planning to the management and monitoring of the Group's activities.

Code of Ethics

The Code of Ethics is a tool prepared by Iren to define the behavioural principles and the values of business ethics that Iren and its subsidiaries recognise, accept, share and apply, and the set of responsibilities that they, as well as their respective employees and collaborators, adopt in internal and external relations. 

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Sustainability Policy

Iren's Sustainability Policy is defined to guide the Group's decisions and to make concrete commitments to ensure the responsible management of the business. It is developed to guide the integration of sustainability issues at strategic and operational levels and to foster awareness of the Group commitments in pursuing sustainable development in the medium and long term.

Managing and monitoring major business risks, in order to contribute to the sustainable success of the entire Group, is the goal of the Internal Control and Risk Management System (“SCIGR”). The Board of Directors defines the guidelines of the SCIGR and assesses its adequacy with respect to the characteristics of the enterprise and the directions expressed in the guidelines.

ESG and Climate Risks

The risk management system integrates within it, in line with the governance and strategy adopted by the Group, the assessment of sustainability aspects. For each risk category, provided in the Group’s Risk Map, environmental, social and governance (ESG) impacts are assessed. Of particular importance are the risks and opportunities related to climate change, for which a special Risk Policy has been developed. 

Governance policies and tools

231 Model and Corporate Administrative Responsibility 

The Company has adopted an Organisation, Management and Control Model, by a resolution of the Board of Directors, which formalises, in a nutshell, the set of measures aimed at preventing the crimes set forth in Legislative Decree 231/2001, as part of the activities identified as sensitive to the potential risk of the commission of an offense referred to in that decree.

Tax strategy

The Group pursues a tax strategy inspired by principles of honesty, correctness and regulatory compliance, pursuing behaviou geared toward compliance with the tax regulations applicable to the country in which it operates

Remuneration policies

The remuneration policy is a key tool for pursuing the Group’s strategic objectives and generating of sustainable value in the short, medium and long-term periods.

Sustainable finance 

Starting in 2017, Iren Group embarked on sustainable finance to support sustainable investment strategies, accessible thanks to the positive environmental and social benefits of the planned and achieved investments.

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Diversity & inclusion

The Group has decided to adopt a "Diversity and Inclusion Policy" that focuses on four main areas: gender, generational, cultural, and ability diversity.

Human Rights

Iren Group supports the principles of the UN Global Compact, to which it adheres, and considers the UN Universal Declaration of Human Rights, the Conventions and Recommendations of the International Labour Organization (ILO)1 as indispensable, as well as the Earth Charter drawn up by the Earth Council. The principles and policies adopted by Iren Group are, moreover, aligned with the OECD Guidelines for Multinational Enterprises, endorsed by the Italian State.

Management system

Iren Group strives to offer its customers and residents service efficiency, effectiveness, economic convenience and high quality, operating with expertise and professionalism in full respect of the environment and safety, contributing to the well-being of its personnel and the community.