Each business activity generates an economic chain with effects on the various categories of stakeholders distributed predominantly in the region where the business is located. Company performance is measured on the basis of the income statement which expresses the added value generated and distributed to stakeholders in various forms.
- Remuneration to employees (staff costs).
- Remuneration to suppliers for goods and services (operating costs for purchase of goods and services).
- Remuneration to financial institutions (interest and commission to banks and other lenders).
- Remuneration to Public Administration (social charges, taxes and duties).
- Remuneration to investors (dividends).
From this point of view, the contribution of the Carraro Group to the development of the region relates particularly to the employment, within the parameters of possibility offered by the local labour market, of people living close to the site, who constitute the majority of the workforce of each company both in terms of operational and managerial roles.
The presence in different areas of the Group’s business units, mostly industrial sites, has a significant impact on the surrounding region due to a number of factors:
- LOCAL WORKFORCE: the need for a direct and indirect workforce able to adequately cover the required work shifts, which can only be satisfied by local resources, including resources in coordination, supervision and control roles;
- LOCAL INDUSTRIAL SUPPLY CHAIN: the need to support a supply chain centred, where possible, on local suppliers both for raw materials and direct and indirect production components;
- LOCAL SERVICE SUPPLY CHAIN: the need to engage local suppliers to provide a series of continuous services to support the operation of the machines and the plant itself (maintenance, controls, fuel, cleaning and similar services);
- LOCAL PROFESSIONAL SUPPORT: the need to rely on a network of specialist technical, administrative, legal and fiscal consultancy services with specific local expertise able to support the Group's activities and ensure compliance with local regulations.
The economic impact of these elements on the region is clearly represented in the value added income statement of the Group, which indicates that approximately 77% of the economic value generated is distributed to suppliers of goods and services while 11% is distributed to the workforce in the form of remuneration and social contributions.
Except in specific cases, a preference is generally afforded to members of the local community in the recruitment and
selection of new employees, including for managerial positions. Over time, this approach has led to the creation of an
organisational structure that, particularly in terms of managerial positions in foreign companies, has a significant
representation of local personnel balanced by certain resources from the Parent Company or other Associated Companies in Italy, strengthening the links within the Group and promoting the integration of its members.