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Verdellino (BG), 15 June 2022

Fine Foods joined the first Italian inclusion and diversity company network, the "Valore D" Association.

Valore D comprises more than 270 companies and was founded in 2009 by Astrazeneca S.p.A., Enel S.p.A., Ikea Italia Retail S.r.l., UniCredit S.p.A., Vodafone Omnitel N.V., Nuovo Pignone S.p.A., Consortium of Johnson & Johnson Companies, Microsoft S.r.l., McKinsey & Company Inc., Italy, The McGraw-Hill Companies S.r.l., Luxottica Group S.p.A. and Intesa Sanpaolo S.p.A., as associate founding member.

Being a "Valore D" member is a sign of a tangible commitment to equal opportunities, inclusion and anti-discrimination. It requires training and targeted activities throughout Fine Food's employees. The move means that Fine Foods’ management receives cutting-edge tools to integrate diversity and inclusion policies which are part of its "Fine Foods for Future 2025" sustainability strategy.

Fine Foods believes that diversity is a core value that enables it to attract the best talent and show their value as individuals. Such a policy generates employee satisfaction and encourages an innovation-rich and creative environment which responds effectively to future challenges.

We addressed "THE IMPORTANCE OF WOMEN ON LISTED COMPANY BOARDS"
with journalist Enrico Verga.

“Our board comprises 43 per cent women and our management team 48 per cent.”
Diversity increases organisational efficiency, innovation, employee satisfaction, and creates medium to long term value."
Giorgio Ferraris

Enrico Verga spoke about this with:
Paola F. Scarpa - Google
Giorgio FerrarisFine Foods & Pharmaceuticals N.T.M. S.p.A.
Corinna zur Nedden - Ambromobiliare S.p.A.

Read the article (Available only in Italian)

Intesa Sanpaolo and Fine Foods have signed a €70 million financing deal to support growth and development projects.

Through Intesa Sanpaolo’s financial support, Fine Foods recently acquired control of Euro Cosmetic, a company specialising in contract development and manufacturing of cosmetics. Intesa Sanpaolo acted as the loan’s sole financial arranger. The €70 million seven-year loan will partly reorganise financial debt by replacing short-term credit lines with medium-long term debt. It will open the door to Fine Foods’ further growth-by-acquisition plans.

Fine Foods Chairman Marco Eigenmann said: "I am pleased with this financing transaction which will further support Fine Foods’ development and growth. Intesa Sanpaolo is our company’s reference financial institution. The bank’s support is a sign of Fine Foods’ strong credibility among bankers and financial institutions and their interest in helping in its development and growth."

Intesa Sanpaolo Lombardia Nord Regional Director Tito Nocentini, said: "The Fine Foods transaction backed by the Group’s Imi CB Division shows Intesa Sanpaolo’s support for growth-oriented companies with a broad international vision. We see these as key factors for increased competitiveness and profitability."

Read the press release (available only in Italian)

Fine Foods promotes diversity and works to eliminate gender discrimination and support equal opportunities. Building an inclusive environment, where people can express their potential and be valued, is a Group crucial goal.

Following the fifth United Nations Sustainable Development Goal - gender equality, Fine Foods Board of Directors is composed of 43 per cent women. Women held 48 per cent of management roles in 2021. These percentages are reflected in the composition of the group's overall workforce.

Fine Foods' commitment to employees is to offer equal opportunities for professional growth in an ethically correct and interdisciplinary environment.

A comprehensive commitment to investing in people and their value, which then becomes Fine Foods value too.

Fine Foods & Pharmaceuticals N.T.M. S.p.A. C.E.O. Giorgio Ferraris told businesses that the days of having a good income statement without a solid commitment to sustainability were gone, and society was moving towards a new business paradigm. Speaking at the "Benefit Corporations; from words to facts - a new business paradigm" event, Ferraris said that for Fine Foods, the idea that sustainability was the future emerged during a series of management alignment meetings.

"There cannot be a good income statement without sustainability, and we want to continue in this direction. Our company has a strong awareness, which our customers notice. We believe that sustainability is an essential compass which guides our management system," Ferraris said. Fine Foods adopted more social, environmental, and governance criteria for more than a decade. This started with the certification of business processes, which provided the basis for the continuous improvement of Fine Food's sustainability model.

"We are doing a lot of work with our people, aligning and sharing values and training our talent to motivate those who work for Fine Foods," Ferraris said. This approach was having a knock-on effect on staff retention – Fine Foods boasts a 97 per cent retention rate and receives 11,000 unsolicited CVs annually. Ferraris said that this was a sign that staff were promoting Fine Foods as a great place to work, which encouraged the company to continue investing in its human resources. The “Benefit Corporations; from words to facts” event was organised on 25 February by PwC, one of the world's largest professional services networks for businesses, together with Assobenefit, the first association representing Italian Benefit Corporations which supports companies with a business model focused on the common good. The event was presented by finance journalist Dario Donato and broadcast online, and looked at companies that have decided to become "Benefit Corporations" in Italy and how they were driven to apply a new sustainable success paradigm. This model combines a traditional company business with common benefit and social responsibility goals to create value for stakeholders. Speakers at the event included Mauro Del Barba, Senator and Assobenefit President, who enabled the legal recognition of Benefit Corporations, and Francesco Ferrara, Partner PwC Italia and ESG Leader.

 

Watch the interview here (available only in Italian).

View the full event at the following link (available only in Italian): Società benefit, dal dire al fare - un nuovo paradigma di business

Zingonia, 15 February 2022 – Fine Foods scooped up one of the top awards from the SDA Bocconi initiative yesterday at the new Milan Bocconi Campus.
This initiative rewards the best companies that create financial, technological, human, social and environmental value by operating sustainably. Fine Foods won this year's Hot Topic category, which honours Upskilling and Talent Development.

“Fine Foods' challenging business environment requires brilliant personalities: emotional intelligence and differences of opinion are crucial to create an ecosystem that can thrive in an increasing complexity.
This award is encouraging us to continue our journey to make Fine Foods one of the most attractive employers in our industry.”

CEO Giorgio Ferraris

Watch the Fine Foods prize giving here (Only in Italian)

img news 2 1 - Fine Foods & Pharmaceuticals N.T.M. S.p.A

The SDA Bocconi award highlights Fine Foods' commitment to value creation, which integrates social, environmental and governance criteria. Fine Foods focuses on human resources to provide employees with interdisciplinarity and social compatibility opportunities for professional growth in an ethically-correct discrimination-free environment.

img news 1 1 - Fine Foods & Pharmaceuticals N.T.M. S.p.A

Fine Foods' activity is in keeping with the award's nature, which broadly defines sustainable development as respecting needs for the environment, innovation and financial management while holding fast to the human factor when doing business and ensuring continuity.

The award is for Italian companies with a turnover of between €25 million and €5 billion and confirms Fine Food's excellence. It allows new dialogues with Italian companies and guarantees future growth.

Lucia Ferrajoli in L'Eco di Bergamo wrote about the acquisition of Euro Cosmetic by Fine Foods: a transaction of about 38 million euro that now brings the group to 800 employees. "Our growth plans do not stop here," emphasizes President Marco Eigenmann.

The growth of the business is attested by the purchase of 100,000 square meters of land between Brembate and Filago (no concrete projects as of now, but there’s a perspective of future development), as well as the expansion of Euro Cosmetic production site to 17,000 square meters for the realization of innovative cosmetics.

A continuous development for an ever growing creation of value.

Read the full article (Italian only)

Fine Foods received a key award from one of the world’s top 50 pharmaceutical companies and its more important business partners – Chiesi Farmaceutici.

Fine Foods’ CEO Giorgio Ferraris received the “Best Outsourcing Industrial Project” award on 17 November at Chiesi Vendor Day, an international event dedicated to the Chiesi Farmaceutici group’s suppliers.
The award recognises suppliers with eco-sustainable expertise and is only given for successful projects working in close partnership with Chiesi.

“We award the Best Outsourcing Industrial Project prize in recognition of the support and commitment in a complex framework where deadlines were met in the face of the Covid emergency,” a Chiesi spokesperson said.

Ferraris said the award was only possible due to the contribution of Fine Foods employees, especially those working in the Pharmaceutical division’s Technology Transfer group.

“Chiesi and Fine Foods have come a long way and overcome many difficulties together. We are aligned on sustainability goals and ready to meet the next challenge.”

Sustainability has been Fine Food’s focus for more than a decade. Fine Foods is committed to Environmental, Social, and Corporate Governance (ESG) standards, which enabled the company to offer customers and stakeholders a new holistic sustainability concept. As a result, Fine Foods is highly motivated to positively impact a management strategy to create tangible, measurable value that makes a difference.

Fine Foods and the importance of an organizational structure designed to grow!
Our CEO Giorgio Ferraris addressed this issue at the Festival Città Impresa (City Enterprise Festival), a place for debate on issues related to the development of businesses and territories, held on 12 and 13 November 2021 in Bergamo.

From taking its first steps as a family business, Fine Foods has grown with revenues of a steady 11% annually over the past decade.
The full event is available (only in Italian) at: https://youtu.be/w2cK0rH1uMs
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