Financials​ 

Governance and Risk Management

A significant achievement in governance was the development of a comprehensive business continuity plan that integrates disaster recovery with broader strategies. This plan, along with the certification of IT functions under ISO 27001, has been pivotal in fortifying RINA's operational resilience. Moreover, the company’s proactive approach in risk management has been further exemplified by its focus on supplier ESG due diligence. Starting in 2024, RINA plans to implement verification processes for assessing the ESG performance and commitment of its suppliers, emphasizing its commitment to high standards across its supply chain.

Our focus on innovation, and decarbonisation guided operations and strategic initiatives throughout the year.

Sustainability and Environmental Commitment

RINA assists its clients with expert services to increase sustainability and meet both legislation and internal targets. We also must ensure our company is sustainable and comply with EU requirements.

RINA has confirmed and honoured its commitment to Carbon neutrality, a short-term objective which envisages a reduction of emissions and the purchase of carbon credits to compensate residual. In 2023, we worked to reduce our emissions and offset residual once through the purchase of carbon credits generated through Clean Development Mechanism (CDM) projects. These projects, located in developing countries, aim to replace the use of fossil fuels with clean renewable energy or to reduce energy consumption and the use of fossil fuels through energy efficiency measures (like clean cooking stoves), thus contributing not only to the mitigation of climate change, but also having a positive social impact. 
 
Furthermore, RINA committed to SBTi (Science Based Target initiative), to reducing its emissions within 2032 (“near term target”) in line with the overall objective to limit the global temperature rise to 1,5 ºC. The long-term objective (“net zero target”) is to reduce its own emissions to a residual level in line with the 1.5 ºC climate threshold (without any credit) by 2050. During 2024, the detailed corporate strategy aimed at achieving these objectives will be developed and subjected to SBTi validation.

Cybersecurity and Compliance

RINA continues to lead by example in cybersecurity, advancing its capabilities to protect its operational perimeter. The establishment of a Security Operation Centre and the shift towards biometric security measures are part of RINA’s broader strategy to enhance data protection and IT security across its operations. These efforts are complemented by RINA’s commitment to obtaining and providing certifications such as ISO 27001 for data protection and ISO 37001 for anti-bribery management.

Looking 
    forward 

In 2024 we will be working on verification and due diligence relating to ESG for our suppliers. Although this is not yet compulsory by law, we are being proactive in selecting a platform to support the assessment of ESG performance and commitment. We will work on project ESG valuation and risk assessment, aware of the ever-growing need to consider and involve the entire value chain on ESG issues. Recognizing the need to reduce our emissions, we define our decarbonisation plan accordingly with the SBTi, prioritizing areas like traveling and car policies, along with the growth in the purchase of electricity sourced by renewables. 

Along the sustainability path we actively engage with our stakeholders. This continuous and consistent dialogue, a milestone of our strategy, is essential for building trust, attracting investment, and achieving long-term success. As RINA prepares for future challenges and opportunities, particularly with an eye towards an initial public offering (IPO), the company remains dedicated to aligning its operations with stringent ESG standards. This alignment is anticipated to enhance RINA's attractiveness to investors and partners concerned with sustainability and ethical business practices. The company’s active engagement in developing a sustainable strategic plan, which incorporates ESG into every business decision, highlights its commitment to leading from the front. As we continue to adapt to global challenges and market needs, our core commitment to governance, sustainability, and innovation guides our path forward, ensuring resilience and relevance in a rapidly evolving world.