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 is distinguished by a solid and inclusive governance, with a Board of Directors composed of 60% women and supported by 12 auxiliary figures. The ESG representative monitors sustainability trends and regulatory developments, with sustainability reporting scheduled for May/June 2025. These actions demonstrate FRIULIA's commitment to improving governance and promoting sustainability and corporate integrity, even in its investee companies.
FRIULIA continues to be proactive in responding to regulatory and market challenges. Through the integration of structures, procedures, and internal initiatives, the company promotes responsible and sustainable growth, generating a positive impact on the region both economically and socially, as well as environmentally and in governance. This impact is also measurable by the increasing ESG awareness of its investee companies, which have committed, for example, to corporate welfare programs, inclusion and diversity initiatives, and collaborations with academic institutions.