CODE OF ETHICS AND CONDUCT
01/04/2024
Rev.3 dated 28/05/2026
Preface
The CHIARAVALLI Group, intended as the entirety of the companies belonging to FIP Industrial Srl Holding, has adopted this Code of Ethics and Conduct, a document reflecting the fundamental values and behavioral standards that guide our organization.
This Code represents the foundation upon which we build our reputation and our commitment to ethical conduct, both within our organization and in our relationships with stakeholders.
Every employee, supplier and stakeholder of our organization is required to actively promote and respect the principles outlined herein.
Our ethical commitment extends beyond mere compliance with applicable laws. We aim to cultivate a culture in which integrity, transparency and responsibility are at the core of our daily actions.
The strength of our company lies in the consistency between our values and our actions. Through this Code of Ethics and Conduct, we commit ourselves to building a future in which integrity and mutual respect are at the center of everything we do.
Andrea Chiaravalli
1. Mission and Core Values
Chiaravalli conducts its business activities according to the principles of integrity, honesty and transparency. We promote an inclusive working environment based on respect for diversity, collaboration and mutual trust.
2. Integrity and Honesty
We operate with the highest level of integrity in all internal and external relationships. Employees are required to act honestly and transparently, avoiding conflicts of interest and unfair practices. Company information must be treated with the utmost confidentiality.
3. Respect for People
Chiaravalli respects the dignity and value of every individual and prohibits any form of discrimination or harassment. The Company promotes an inclusive, respectful and safe environment for employees, collaborators, suppliers and visitors. Retaliation against anyone reporting unethical behavior is strictly prohibited.
4. Environment and Sustainability
Chiaravalli is committed to reducing the environmental impact of its activities and promoting sustainability. The Group operates in compliance with environmental regulations and international standards including ESG principles, REACH regulation and environmental management systems. Waste, emissions and resources are managed responsibly through controlled and sustainable processes.
5. Safety and Well-being
We are committed to providing a safe and healthy workplace in compliance with national regulations. Chiaravalli promotes employee well-being, work-life balance, health and safety training, prevention of psychosocial risks and continuous professional development.
6. Financial Transparency
Responsible financial management is essential for the long-term health of our organization. Financial practices are carried out with accuracy, transparency and compliance with the highest accounting standards in order to maintain stakeholder trust.
7. Social Responsibility
Chiaravalli considers itself an active part of society and is committed to contributing positively to local communities, supporting sustainability, inclusion, education and responsible business practices.
8. Legal Compliance
The Company strictly complies with all applicable laws and regulations in every country where it operates. Compliance is considered a shared responsibility of all employees and collaborators.
9. Privacy and Whistleblowing
Chiaravalli protects confidential information and personal data through secure systems and ethical information management practices. The Company promotes transparency through whistleblowing channels that allow confidential reporting of unethical or unlawful conduct.
10. Effective Leadership
Chiaravalli promotes leadership based on integrity, empathy, transparency and positive guidance. Managers are encouraged to support employee growth, training and professional development.
11. Collaborative Work Environment
The Company encourages collaboration, open communication and teamwork. Diversity of perspectives is considered a key driver of innovation and continuous improvement.
12. Conflict of Interest Management
All recipients of this Code must avoid situations that may interfere with impartial decision-making or create conflicts between personal interests and the interests of the Company. Any actual or potential conflict must be reported promptly.
13. Supplier and Customer Ethics
Chiaravalli expects suppliers and customers to adopt ethical standards aligned with the Company’s values of integrity, transparency and social responsibility. Ethical business relationships are considered essential for sustainable growth.
Conclusion
Full compliance with this Code of Ethics and Conduct is essential to preserve and strengthen Chiaravalli’s reputation as a company committed to integrity, responsibility and transparency. The Company regularly reviews and updates this Code in line with social and regulatory developments.