modefinance has released the ESG Rating for FRIULIA S.P.A., assigning an S2+ (Upgrade) rating:
- The organization is exposed to low ESG risks and is capable of managing and monitoring them without exposing stakeholders to unforeseen costs or other significant negative impacts
- No specific actions aimed at risk reduction are necessary; however, improvement actions could be beneficial to take advantage of development and innovation opportunities driven by sustainability trends.
Friulia SPA
FRIULIA S.P.A. (Regional Finance Company of the Friuli-Venezia Giulia region), hereinafter also referred to as the "Company" or "FRIULIA", was established in 1967 with the aim of promoting the economic development of the region through minority stakes in venture capital and other financial instruments. For over 50 years, it has served as a financial and strategic partner for numerous companies and entities operating in the region, supporting their growth.
Friulia guides regional SMEs through equity investments, thereby preserving the balance of their assets, economy, and finances, even in particular situations the company may face. Additionally, it offers strategic support through continuous consultation with its professionals. Finally, for smaller enterprises, it provides a tutorship service that includes economic, financial, organizational, and management aspects.
Website: https://www.friulia.it/it/
Key Rating Assumptions
Friulia confirms its solid capacity for managing ESG risks and opportunities, demonstrating its expertise in translating sustainability principles into concrete initiatives that are consistent and aligned with the company's mission.
Direct environmental impacts are limited; however, the Company adopts practices and actions consistent with proper resource management and the goal of reducing its environmental impact.
The company promotes an inclusive work environment, certified by UNI/PdR 125:2022, and values the well-being and growth of its people through extensive training programs.
Corporate governance remains appropriate for Friulia's size. The control system is strengthened by the formalization of policies in strategic areas such as quality, anti-corruption, ethics, and gender equality. In 2024, the first Sustainability Report was prepared according to GRI standards. A dual materiality analysis was conducted, identifying twelve priority topics with clear reference to the SDGs.
Friulia continues to demonstrate a proactive approach in responding to regulatory and market challenges. The integration of internal structures, procedures, and initiatives geared toward responsible and sustainable growth enables a positive impact on the local economy, socially, environmentally, and in terms of governance. This impact is also evidenced by the increased ESG awareness among its investee companies, which are actively engaged in this direction. The company continues to integrate ESG criteria into its due diligence activities, improving investment assessments and fostering the creation of long-term shared value.