a sustainable future - report.mannigroup.com€¦ · en manni group s.p.a. sede legale -...

EN

Manni group s.p.a.

Sede legale - HeadquartersVia A Righi, 7 - I37135 Verona

T +39 045 8088911F +39 045 8204892

[email protected]

3rd prize winning projectin the Manni Group Design Award contest:Chariot by DS-WORKS.

Steel railway station.

a sustainablebuilding

futurecompanyprofile

2019

Table of contents

Letter from the Chairman of the Holding Company on the 75th anniversary

Letter from the Chairman Manni Group S.p.A.

A steel identityGroup figures in 201975 years of historyBusiness areasCompany organisation chart

2019 annual resultsResults by Business UnitAggregate results

Steel Business UnitThe Companies

Insulating panels Business UnitIsopan CompaniesA world of integrated solutions

Services Business UnitThe Companies

Sustainability and strategiesVisionSustainable Development GoalsCertificationsManni Group Design AwardSocial commitment

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company profile 2019 letter from the chairman of the holding company on the 75th anniversary

This year marks the 75th anni-versary of Manni’s history.

Indeed, the Company was es-tablished in 1945, right after the War, by never-to-be-forgotten Lu-igi Manni; a simple, good-natured yet strong-willed and enterprising man. After different work experi-ences alternating with conscrip-tion, the so-called “defence of the conquest of Libya” and the call-up to the war in 1940, he invented a trade entailing the recovery of metal from scrap generated during the war. A trade that thrived at a provincial level until 1960, when health problems required his first-born son to step in, even though the latter was involved in a com-pletely different business. A na-tion-wide steel product trade thus began, with some of his brothers also playing a role as they helped run the business.

The industrial turning point came in the early 70s: starting off with the simplest steel product processing works all the way up to the more complex works com-pleted nowadays, allowing pres-tigious steel constructions to be built. Worth noting is the steel Star, produced and given to the city by Manni Group “which, from the mil-

1945-2020Three generations following one another

lenary womb of Verona’s ARENA, is laid on the BRA” every winter since 1984. This archisculpture, admired all over the world, was the great-est gift offered to Luigi Manni and his son Roberto who, even though their health had begun to fail, did not pass up the opportunity to participate in that last event of their lives amid emotions.

The other major milestone in 2015 is to be found in most of the steel buildings located at MILAN EXPO.

As the business grew, metal con-struction knowledge improved and new companies were estab-lished: the STAINLESS STEEL ser-vice centre, research endeavours on renewable energies that led to the construction of photovoltaic systems and, more recently, light steel constructions integrated with insulating panels.

The panel production business first started in the 80s, develop-ing quickly in Italy with two major plants. Later on, it was enhanced with several innovations that al-lowed the first phase of interna-tionalisation to be launched in the 2000s with two companies in Spain and Romania.

The crisis in 2008 resulted in further investments being made abroad, specifically in Germany, Russia and Mexico, reflecting the co-leading position achieved in Europe and Central America in the production of metal insula-tion panels. The current new crisis brought by the Coronavirus pan-demic, the evolution of which is still difficult to make out, has not taken the Group completely aback or unprepared to deal with it.

Undoubtedly, this unfortunate event represents a historic time for re-thinking strategy, requiring new sustainable objectives to be set, as has been the case on several occasions during our Company’s 75-year old history. This moment coincides with the 3rd generation leading Manni Group at the Head-quarters of Manni Group’s Holding, duly trained to manage side by side with the previous Manage-ment helping the transition phase.

The new Management will be “aided” by the qualified and ex-perienced support of the CEO, whose expertise will help to steer the business towards new opportunities. Indeed, the cur-rent situation will most certainly encourage a review of the model and of the concept of Sustain-ability as such, where mankind will play a key role.

Consistent with this objective, we will not be holding any cele-bration, which such an anniver-sary would indeed deserve, so that the relevant funds may be fully allocated to the BRFVr — the Brain Research Foundation of Verona — following the CORO-NAVIRUS pandemic.

At such a time, I should like to involve in this decision all the em-ployees and Stakeholders who have contributed to making Man-ni Group’s 75-year old history. I should like to express my full ap-preciation to them, until we meet again at our next anniversary.

Giuseppe ManniChairman of PANFIN S.r.l.

Holding Company

Giuseppe Manni - 1960 Francesco Manni - 2020Luigi Manni - 1945

Letter from the chairman of the holding companyon the 75th anniversary

4 5

company profile 2019

The 2019 Report highlights the continuous and lasting growth of the Group, whose history now spans 75 years. 75 is also the number of countries from which the excellent proposals submit-ted by the architects who par-ticipated in the first edition of the Manni Group Design Award came: one for each year of our history. The contest topics in-clude design, energy efficiency and respect for the environment. These issues are in fact becom-ing increasingly relevant to our business, which is inspired by ethical conduct and responsible work management as the Group keeps a keen eye on the needs of local communities, custom-ers, colleagues and the environ-ment. Proof of this is the cus-tomer-based approach adopted across the entire organisation. The efforts made by Manni Sipre and Manni Inox by implement-ing new management systems aimed at achieving the best re-sults to cater for the needs of our customers — who are at the heart of the entire process — will act as a blueprint for all the oth-er Group companies.

The successful results achieved are also to be benchmarked against the difficulties that hit our sector over the past decade.

However, we are happy to un-derline the constant progress of our strategic objectives.

During the year, we also achieved positive returns from the inno-vation of our manufacturing sys-tems, thanks to investments in re-search and development, as well as from the internationalisation process that the Group continues to pursue with determination. Investments in energy efficiency and in the supply of energy from renewable sources have made it possible to significantly reduce the impact on the climate gener-ated directly by our activities, with the Group managing to reduce CO2 emissions by 21%.

Historically, sustainability for usmeans not only respect for the

environment and maintenance of capital standards, but also social commitment. To this end, we sup-port and finance the endeavours of the Brain Research Foundation of Verona, which sets out to en-courage biomedical research on the nervous system and to which we provide operational support through our own staff.

We also provide support to the Pro Dubbo Foundation, which we helped build the children’s hospi-tal called Dubbo St. Mary Primary Hospital in Dubbo (Ethiopia), and the Bosco Children project, the mission bearing the same name as the institute that provides shel-ter to street children in Addis Aba-ba, to which Manni Group also provides support. During 2019, Manni Group also saw the estab-lishment of Isopan International, focused on organising the corpo-

75 years of forward-looking values

rate chain of control and coordi-nating the operations of foreign subsidiaries. We also witnessed the laying of the foundation stone of the new Isopan Deutschland plant in Halle, and welcomed a new company joining the Group: Mætrics, responsible for moni-toring energy consumption and efficiency. These are further steps forward to support our customers and partners in the adoption of in-creasingly sustainable solutions.

At the time this report was being printed, the whole world was, and still is, affected by the Covid-19 pandemic: an event whose scale is bound to create a profound dis-continuity with the past and bring about radical changes to the planet’s economic and social bal-ance. Once again, our Group has shown its ability to manage even this new emergency quickly and effectively by implementing op-erating procedures that have en-sured business continuity for the benefit of the different Stakehold-ers, while enabling our employees to carry out their tasks in full com-pliance with safety regulations, often ahead of the directives issued by government authori-ties from time to time. Thanks to this approach, we can assure our 10,000+ customers worldwide that our companies will be there to support them during the re-covery phase, with the drive and passion that has hallmarked our 75 years of history.

Francesco ManniChairman of Manni Group S.p.A.

letter from the chairman manni group s.p.a.

Letter from the chairman manni group s.p.a.

Francesco Manni Enrico FrizzeraGiuseppe Manni

6 7

company profile 2019 a steel identity

The results for 2019 showed virtu-ally no change in the Group’s posi-tions, with a slight drop in volumes and turnover, this also being due to a drop in raw material prices, despite the slowdown in growth in all inter-national markets that began in 2018.

There was an increase in markets and international customers served, consistent with the company vision, according to which Internationalisa-tion is viewed as one of the three key drivers for development. The share of customers to whom high-quality services and products are provided also increased, compared to the dis-tribution of standard products.

Today, the Group offers its products and services in 81 countries through all its Business Units.

The Group’s aggregate turnover in 2019 exceeded € 603 million, show-ing a 4% drop over the previous year (€ 630 million). The positive trend in investments continued, which in 2019 stood at € 14.4 million, up 17% compared to 2018.

2019 also saw an increase in the number of directly employed per-sonnel — with headcount standing at 1,156 as at 31 December 2019 — following the uptrend in the devel-opment of the international organ-isation, research and development endeavours and the new services on which the Group has focused, with special emphasis on innovation in sustainable products and construc-tion systems.

Despite geopolitical tensions and the widespread trade protectionism that has affected commodity prices, the EBITDA of the Business Units op-erating in the Steel and Panels areas came in positive, albeit stable, at € 20.6 million.

Capital and financial ratios showed an increase and a consolidation of Net Asset Value, while the net finan-cial position increased to underpin investments, even though it proved to be well-balanced thanks to the optimisation of the Group’s cash po-sition.

The strategies adopted for the de-velopment of the Italian and inter-national markets — which are wit-nessing a strong integration of the products and services offered by group companies — displayed en-couraging signs, leading to believe that the positive growth trend can be maintained.

The closely monitored organisa-tion of our companies, together with our focus on innovation and sustain-ability, allows us to reach a growing number of sectors and increase cus-tomer loyalty, while ensuring service continuity also in the challenging scenarios affecting the economy and society at large following the di-rect and indirect effects arising from the shock that hit us all at the begin-ning of 2020.

Enrico Frizzera Manni Group CEO

a steel identity

Manni Group renewable energy,services and offıces

HeadquartersVerona Head-o�ice

steel

panels

Manni Energy

Manni Immobilia

MAnni Store

Icom Engineering

MAETRICS

Manni Sipre

Manni Inox

Manni Green Tech

Isopan

Guanajuato

Houston

Volgograd

Bucharest

Plötz

PragueParis

Verona

Monteprandone

Patrica

CremaUdine

Turin

Tarragona

8 9


Group figures in 2019

“As a steel-industry group, we feel strongly committed to reduce the impact of the construction business on the planet and to contribute to the dissemination of alternative construction systems. Steel is becoming an increasingly attractive solution in architecture, as it provides an innovative system that combines expressive freedom, design and comfort”.

Manni Group Board of Directors

MISSION

15Operating companies

1,156Employees

603 €/mTurnover

115 €/m

Net Asset Value

432thousand

Panels sold

15million m2

Tons of steel

14 €/m

Investments

81Countries served

over

1o,000Customers served

10 11


In 1945, Luigi Manni started a small scrap metal trade. The turning point came in 1960, when Giuseppe Man-ni was called to action to provide a new vision geared towards indus-trialisation and international sce-narios. He was joined by Francesco Manni in 1991, with whom he car-ried on the business, expanding it across the globe.

75 years of committed and for-ward-looking efforts and endeav-ours, during which Manni Group has dealt with market changes, adapting skilfully to the new situations during the business internationalisation process, while embracing the Circu-lar Economy philosophy.

The ChairmanGiuseppe Manni

75 yearsof history

1945Origins

Luigi Manni starts a company for the trade of ferrous

materials and recovered metals

1960The turning point

Industrial development begins under the direction

of Giuseppe Manni

Manni Prodotti Siderurgici (Verona, Italy) is established

1969Establishment of Manni

Siderurgica (Verona, IT)

1970 Industrialisation

1972Manni Sipre is established,

the first pre-processing service centre for steel beams in

Europe (Verona, Italy)

1980Diversification

Officine Riunite F.lli Lancini (Crema, Italy) is acquired.

1982Opening of the Manni Group

headquarters, the Palazzetto (Verona, Italy)

1987 The second Manni Sipre centre

is established (Crema, Italy)

1989 Isopan is acquired for the

production of insulated metal panels (Frosinone, Italy)

2010 International expansion

2011Manni Energy is established

(Verona, Italy)

2012Isopan Deutschland GmbH is

established (Halle, Germany)

Manni Sipre incorporates Malavolta SpA

2014 Isopan Rus (Volgograd,

Russia) and Isocindu (Guanajuato, Mexico)

are launched

2015Innovating the future

Manni Store is established, engaging in the distribution

of Group products in the north-western Italian market

2016Special services and re-branding

Manni Group’s Business Sustainability Office is established

2017Manni Green Tech start-up

company is established, engaging in the construction of buildings

in light steel

2018An R&D department is established

for the development of new technologies applied to products

2019 Isopan International, the holding

company of Isopan foreign companies, is established

First edition of Manni Group Design Award

202075th Anniversary

75th anniversary since the establishment of Manni Group

1990 Restructuring

1991Francesco Manni joins

business operations

1993Commerciale Siderurgica

Veronese is acquired

1995Gruppo Manni SpA

is established (Verona, Italy)

1996Icom Engineering is established,

engaging in metal structuredesign and consulting services

2000 A new management dimension

The new industrial holding company Gruppo Manni HP is established

(Verona, Italy)

2001Isopan Ibérica is established (Tarragona, Spain)

Manni Group holds an equity interestin Malavolta SpA (Monteprandone, Italy)

2002Sub-holding company Isopan SpA is

established in Trevenzuolo (Verona, Italy)

2007Isopan Est is established (Bucharest, Romania)

2008C.S.I. – Centro Servizi Inox – is established

(Verona, Italy)

12


Company organisation chart

Manni Group is a well-established leading company in the internation-al market of steel processing and metal insulating panels, playing a key role in the field of renewable en-ergy and energy efficiency.

By relying on the 21 companies forming part of its organisation chart, i.e. 2 holding companies, 15 operat-ing companies, 3 commercial com-panies and 1 sub-holding company, Manni Group operates in 3 different business areas, engaging in the pro-duction, processing and marketing of highly technological steel products and advanced design services.

Business areas

Isopan headquarters in Trevenzuolo (Verona) - roof garden

Insulating panelsSteel

Manni Sipre Isopan

Manni Group Spa

Panfin Srl

Manni Group Srl

100%

59%

100% 100%

Manni Green Tech

Manni Green

Companies excluded from the reporting scope

Companies included in the reporting scope

100%

80%

Manni Store

Manni Inox

90%

Isopan International

100%

Isopan France

100%

99%

Isocindu

50%

Isopan ManniGroup CZ

Tech USA LtdIsopan Ibérica

100%

Isopan Deutschland

100%

Isopan Est

99%

Isopan Rus

91%

1%

Manni Energy

100%

Icom Engineering

100%

50%

Manni Immobilia

Maetrics Srl

100%

50%

25%

25%

Renewable energy and services

14 15

company profile 2019 2019 annual results

MSQUARED’s project presented at the international contest Manni Group Design Award

2019 annual results

16 17

company profile 2019 2019 annual results

Aggregate results

2017 2018 2019

Group aggregate total

Turnover 580.19 630.42 603.27

EBITDA 21.19 17.93 17.87

Investments 21.39 12.30 14.38

Overseas turnover 189.16 208.71 213.43

Net Financial Position 109.50 114.30 128.00

Financial Position (consolidated figures) 108.00 111.00 115.00

Figures shown in €/m

Results by Business Unit

2017 2018 2019

Steel BU

Turnover 269.49 289.93 272.52

EBITDA 7.63 6.22 8.04

Investments 1.90 4.25 3.11

Panels BU

Turnover 271.39 298.86 282.21

EBITDA 13.62 14.70 12.59


Services BU

Turnover 39.31 41.63 48.54

EBITDA -0.06 -2.99 -2.75


Figures shown in €/m

18


19

steel Business unit

Steel sold by Manni Sipre in 2019 is 40 times the weight of the Eiffel Tower.

291thousand

Tons/year of steel sold

3€/m

Investments

272€/m

Turnover

35Countries served

397Employees

5,564Customers

0

2017

2016

2018

2019

0.002 0.004 0.006 0.008

0.00158

0.00147

0.00696

0.00208

Direct emission intensity, tCO2eq /t

Manni SipreManni InoxManni Green Tech

foto aeroporto Zurigo

steel Business unit

The Circle - credits Flughafen Zürich AG

ss

2120


Having become fully operational during 2019 for Manni Sipre and Manni Inox, the Group’s new management systems ensure accuracy, timeliness, reliability, transparency and service flexibility.

2019 turned out to be a crucial turning point for Manni Sipre following the introduction of the new SAP management system in its most recent S/4 HANA version.The need arose from the strategic will to support business processes in a new and innovative way, starting with their total overhaul against an extraordinarily fluid context such as the IoT, Big Data and Industry 4.0, while focusing on the introduction of the latest technologies capable of enabling the digital transformation of the Company with a view to serving our customers in an increasingly efficient and effective way, placing them even more at the heart of all business processes.

This project was developed as part of a broader roadmap entailing the transition to SAP for all the businesses of the Group, so as to further its governance and synergy in a context where the drive for internationalisation is gaining momentum.

Customer orientation

Projects such as this are a great yet delicate challenge, providing a rare opportunity in the entire life of a company to completely redefine every process, redesigning them, imagining new ones and, in some cases, even deciding to do away with some of them.

The impact in terms of organisation and change management is therefore extremely high and represents the greatest risk for the company, since it affects its core value element: people and their way of working, their habits. This requires vision, communicative skills, clarity in defining objectives, patience, spirit of collaboration, sacrifice and readiness towards change.

The organisational and logistical complexity of Manni Sipre required a considerable cultural and operational effort to face, overcome and deal with change. The go-live of the new system — which was introduced at the same time also within the Manni Inox stainless steel division, achieving excellent results as it further strengthened and underpinned business operations — did not involve any difficulties from a technical perspective. However, with regard to Manni Sipre it required a greater organisational

effort, mainly due to the number and complexity of the processes involved, which slowed down the initial rump-up and caused a greater impact on the first few months of operation, while the market suffered a downturn.

Investment is the first step in a much broader picture, aimed at optimising internal flows and processes as much as possible to maximise control and the collection and transmission of information, which will then feed into customer service and care. The crucial issue, as well as the challenge for the coming years, will be analysing the big data traced daily and their transformation into elements of value for customers, with the aim of providing an increasingly customised service capable of satisfying and even anticipating customer needs.

Manni Sipre Board of Directors

100%

Recycling rate

62%

From recycled steel scrap MANNI SIPRE

Manni Sipre is a European leader in semi-finished steel products, com-ponents and structural systems in-tended for construction.

For over 60 years, Manni Sipre has been working alongside companies that engage in the construction of metal structures, providing access to its state-of-the-art technologies, while responding to the needs of companies operating in the follow-ing sectors:

→ Mechanical constructions → Heavy carpentry → Earth moving → Oil & gas plants → Shelving → Automated warehouses → Offshore → Light and heavy plant engineering

By relying on seven divisions dis-tributed in four locations through-out Italy (Verona, Crema, Udine, As-coli Piceno), Manni Sipre supplies the retail market and fulfils large in-ternational orders.

The Companies

Sustainability results

207 €/m

TurnoverPrysmian Group Headquarters, Milan - credits Varratta Architect

22 23

company profile 2019 steel Business unit

Domaine du Chateau - credits Philippe Geoffroy

credits Philippe Geoffroy

MANNI INOX

2018 marked the tenth year of op-eration for the company, which acts a major point of reference for users of stainless steel, both in Italy and in Europe.

By relying on two divisions based in Verona and holding a 25% stake in Manni Store (Turin), the company offers high-quality steel products and works, ensuring customer care and flexibility, thanks to its highly qualified staff and ongoing invest-ments aimed at increasing manu-facturing process efficiency; setting record-breaking turnover and fi-nancial results.

The company remains geared to-wards developing niche high-add-ed-value stainless steel sectors, such as healthcare, food and packaging.

MANNI GREEN TECH

The company specialises in off-site construction and its construction system allows modular and scalable buildings in both residential and in-dustrial areas. These prefabricated systems are made of Cold Formed Steel (CFS), featuring lightness, ease of assembly and modular structure, ensuring easy on-site installation, while allowing customised solutions to be designed.

Reliance on dry systems, coupled with the precision afforded by indus-trial-class process, make it possible to estimate time and costs and en-sure quick turnaround, anti-seismic performance and the achievement of a high level of energy efficiency.

64 €/m

Turnover

2 €/m

Turnover

Domaine du Chateau - Luxembourg, developer: Steelhome

24

company profile 2019 insulating panels business unit

The quantity of panels sold by Isopan in 2019 is equivalent to over 190 times the size of the Empire State Building.

0

2017

2016

2018

2019

0.0002 0.004 0.006

0.00585

0.00568

0.00699

0.00613

0.008

Direct emission intensity, tCO2eq /m3

15million

m2/year of insulation panels sold

10€/m

Investments

282€/m

Turnover

72Countries served

640Employees

4,395Customers

25

isopan

insulating panels business unit

VeluxLab - credits Marco Bossi

26


→ Isopan Rus (Russia)The Isopan Rus plant in Volgograd is currently considered as a blue-print for sustainable production, capable of producing 3 million square metres of mineral-wool and polyurethane panels de-signed for different applications.

→ Isocindu (Mexico) Established in Guanajuato as part of a joint-venture with Venezuelan Cindu, this company is the lat-est Isopan company established, and to date it is one of the leading Central-South American compa-nies in the production of insula-tion panels.

In 2019, the GreenROOF roofing system was among the winners of the Archiproducts Design Award 2019 for the Systems, Components and Materials category. ADAs are awarded on an annual basis to products of excellence in the world of design: the prestigious award of the 2019 edition was assigned by an international jury consisting of renowned designers and architects like Cruz y Ortiz Arquitectos and Studio Daniel Libeskind.

GreenROOF 2019 Winner of Archiproducts Design Award

LIFE CYCLE ASSESSMENT (LCA) AND ENVIRONMENTAL PRODUCT DECLARATIONS (EPD)

The LCA approach is not new to Manni Group since, as a member of the European Association for Panels and Profiles (PPA-Europe), it devel-oped the EPDs of mineral-wool and polyurethane insulating panels as early as in 2012. The recent certifi-cates were renewed: the new EPD certificate was therefore published by the European association PPA-Eu-rope, with reference being made to the rules of the Institut Bauen und Umwelt (I.B.U.) and the LCA study developed by Thinkstep.

In addition, in 2018 Manni Group launched its own Life Cycle Assess-ment project for the benchmarking of social and environmental perfor-mance of Isopan’s main products. This project allowed potential room for environmental improvement to be identified and EPD certifica-tion to be obtained for all the main product ranges.

18 €/m

Turnover

20 €/m

Turnover

VeluxLab - credits Simone Dadda

Isopan is the Group’s worldwide co-leader on the main internation-al markets in the production of insulating metal panels for walls and roofing intended for

→ commercial, civil, industrial and farm buildings;

→ cold storage and refrigeration.

In addition to the two production plants in Italy, Isopan — through the newly-established company Isopan International — controls five for-eign companies, i.e. Isopan Ibérica (Spain), Isopan Est (Romania), Iso-pan Deutschland (Germany), Isopan Rus (Russia) and Isocindu (Mexico), as well as commercial companies Isopan CZ, Isopan France and Manni Store itself.

Isopan SpA has always been com-mitted to product and service inno-vation, with a special focus on im-proving the performance of buildings from a safety, energy efficiency and environmental sustainability per-spective. The value and competitive edge offered by Isopan through its high-performance products and a strong customer focus have earned the company the status of reliable partner for many Italian and foreign companies.

Isopan Companies

→ Isopan Ibérica (Spain)The first foreign Isopan, estab-lished in 2001 and based in Tar-ragona, operates in the Spanish, Portuguese and North African mar-kets. In 2019, a new line dedicated to mineral wool was launched.

→ Isopan Deutschland (Germany)Established in 2012 in Plötz, Isopan DE sets out to strengthen its pres-ence in Central Europe with the launch of its new production facili-ty, which will soon be moved to the city of Halle, increasing its capaci-ty. At present, it also serves Central and Northern European countries.

→ Isopan Est (Romania)In 2007, Isopan Est was estab-lished in Bucharest, Romania, serving the markets of north-east-ern Europe. It has been operating across the territory for more than 12 years and was recently awarded the “Performance” prize by the As-sociation of Romanian Industries.

→ Isopan SpAIsopan SpA is the parent company of Isopan companies and is based in Italy, where it has two produc-tion plants — in Trevenzuolo (Ve-rona) and Patrica (Frosinone). In 2018, an in-house R&D depart-ment was established for the de-velopment of new technologies as support to all foreign subsidiaries.

127 €/m

Turnover

26 €/m

Turnover

37 €/m

Turnover

54 €/m

Turnover

29

insulating panels business unit

28


With regard to its two innovative products, i.e. Leaf and GreenROOF, in 2019 Isopan was the first company in Italy to obtain the Declare label from the International Living Future Institute (ILFI), which certifies the safety of the materials used in products intended for

Thanks to the partnership with Habitech and by relying on its GreenMap programme, the mapping of Isopan products’ contributions to obtain the LEED® building certification was extended to products made with Leaf technology and to the BREEAM® rating. Compared to the 2016 mapping, the points that can be

LEED, BREEAM and CAM benefits

Customer orientation

In 2019, the electronic version of the customer satisfaction survey was introduced. The questionnaire set out to gain insights into expectations, satisfaction with the results achieved and provides a comparison with the rest of the market. The findings confirmed the quality of the service provided by Manni Group and gave meaningful feedback on the future development of the project.

With a view to transparency, customers are granted free access to Manni Group’s plants for on-site

the European market. Each product bearing the Declare label declares that it does not contain “ingredients” that are on the Red List, i.e. the list of the most hazardous materials in the construction industry.

achieved with Isopan products — for the purposes of building sustainability ratings — increased, thanks to the certifications obtained in recent years. Isopan panels also comply with the requirements of the Minimum Environmental Criteria (Criteri Ambientali Minimi - CAM) expressed by the PAN GPP of the Italian Ministry of the Environment.

inspections. More generally, the Group companies rely on customer service as their strong point, with the considerable organisational and management effort made also playing a role to this end. Indeed, the recent upgrading of IT systems was aimed at achieving precisely this goal, ensuring an even faster and more accurate service. The new management systems, which will come on stream at Isopan SpA in 2020, will ensure accuracy, timeliness, reliability, transparency and service flexibility.

Isopan can boast an offer featur-ing a unique range of applications and variants: the insulation core can be in mineral wool or polyurethane foam or made with LEAF technology and can be used in the production of wall or roof panels. The patented Isodeck PVSteel panel, designed for the construction of flat roofs, can be installed in combination with green roofs to build sustainable high add-ed value solutions, while wall panels can contribute to the construction of ventilated façades. Isopan Ibérica and Isocindu took advantage of this feature by initiating a lead-genera-tion campaign known as “Esquadra Perfecta” aimed at promoting this type of solutions, showing above all their advantages compared to construction methods composed of layers of different materials that are laid on site.

ARKWALL

The ARKWALL ventilated façade sys-tem, developed by Isopan, is a com-prehensive and versatile technologi-cal package, suitable for any structure and any use. Its three main compo-nents include:

→ Sandwich panel with double metal coating

→ Façade panel → Hooking systems and devices

GREENROOF

The GreenROOF system, built in partnership with DAKU Italia S.r.l., consists of the integration of the green roof system with a flat roof made with an Isodeck PVSteel panel. Since it is suitable for flat roofing, GreenROOF rests on a geotextile filtering element and draining components that inter-sect the sandwich panel, ensuring perfect waterproofing and greater roofing durability. Ensuring thermal insulation is the polyurethane foam or mineral wool insulation core.

ISODECK PVSTEEL

Isodeck PVSteel is a sandwich pan-el designed for flat roofing, featur-ing excellent resistance to UV rays and high waterproofing capabilities. Characteristics:

→ Double metal coating → Polyurethane or mineral wool in-

sulation → 5-rib ribbed profile → Flat sheet at the extrados, covered

with PVC film

A world of integrated solutions

LEAF TECHNOLOGY

With the Leaf technology, Isopan has developed an innovative solution for building cladding, which signifi-cantly improves energy performance.

In particular, Leaf improves the thermal performance of insulating materials, lowering the thermal con-ductivity value of polyurethane foam and reducing heat loss through the building envelope by up to 20%. This represents a further step towards mi-nimising the impact on the environ-ment of Isopan products. Isopan is also committed to achieving signifi-cant fire performance levels.

In a market with an increasing fo-cus on safety issues, Leaf technology has obtained the highest European fire reaction certification for polyure-thane panels (B-s1,d0). Moreover, this technology does not use the haloge-nated flame retardants that on the one hand are commonly used to im-prove material fire resistance and, on the other hand, are potentially harm-ful to the environment.

2016

0

2017

2018

2019

0.0002 0.004

0.00427

0.00541

0.01125

0.00565

0.006 0.008 0.010 0.012

Direct emission intensity, tCO2eq /gg*empl.

30

company profile 2019 services BUSINESS UNIT

The Services Business Unit consists of several companies: Manni Energy, specialized in renewable energy, Manni Immobilia, the Group’s real estate company, the engineering company ICOM Engineering and Manni Store, serving the north-western Italian market.

88thousand mwh

Energy produced

430thousand €

Investments 48€/m

Turnover

111Employees 11

tons

CO2 avoided thanks to the plants built in 2019

31

Manni energyManni ImmobiliaManni storeicom engineering

services BUSINESS UNIT

Canadian Solar - PPA Sicily

32 33

company profile 2019 services BUSINESS UNIT

99.8MW

Power of plantssubject to O&M

>99%hours

per year

Uptime of O&M plants

17 €/m

Turnover

780Number of plants

24New plants built

MANNI IMMOBILIA

Manni Immobilia is the Group’s company responsible for optimis-ing industrial property management services.

MANNI STORE

Manni Store — controlled by the companies Isopan, Manni Sipre and Manni Inox — is the Group’s com-mercial company that serves the north-western Italian market by dis-tributing the Group products.

ICOM ENGINEERING

Icom Engineering, Manni Sipre’s design division, has a long history of metalwork design.

This company enables the Group to extend its engineering services to customers to ensure the best in-stallation of and experience with its products and construction systems, making it possible to achieve a high project value thanks to sustain-ability principles and construction knowledge.

Continuous investment in research and development in the pursuit of the highest quality and service stan-dards in the processing and use of steel in all its applications, makes Icom Engineering the ideal partner for project management, as it devel-ops structural engineering solutions and services acting as key enablers for companies, users and consumers in different markets.

maintain the best performance standards for the plants.

→ Project Development – To deliver an integrated service

→ EPC – To deploy “turnkey” quality projects

→ O&M – To boost performance → Energy efficiency – To save energy

Operations & Maintenance (O&M) services for renewable energy plants have been developed using advanced remote-control systems. Through its dedicated Operations & Maintenance function, Manni Energy supplies over 267 customers for an overall production of 100 MW from photovoltaic, 2,200 kW from biogas and 2,200 kW from mini wind pow-er. The MEvision platform currently monitors 459 plants.

Bearing witness to Manni Group’s vision of a high-energy-performance construction industry, Manni Energy is a company included in the Group organisation chart entirely dedicat-ed to energy efficiency and renew-able sources.

Since its establishment in 2011, the company has been engaging in pro-viding design and maintenance ser-vices to customers and consultancy to all group companies. As a result, through constant annual invest-ments, all Italian plants are subject to continuous consumption moni-toring, with the software of the new-ly-acquired company Maetrics also playing an important role.

MANNI ENERGY

Manni Energy represents Manni Group’s commitment to clean en-ergy.

It engages in the development, construction and operation of plants for the production of electricity from renewable sources, supporting com-panies throughout the energy effi-ciency process, from analysis to de-sign and performance monitoring.

Manni Energy’s Monitoring Op-eration Center is operational 365 days a year, coordinating technicians to ensure quick first response times with a view to

The Companies

67,146kW

Total power since 2010

19.2MW

Power installed in 2019

USA pavilion - American Food 2.0: United to Feed The Planet. Customer: Pre Metal SpA

Energy efficiency

34 35

company profile 2019 sustainability and strategies

Manni Group’s forward-looking vision, based on skills and values acquired during its 75-year old busi-ness history, focuses on three close-ly interwoven drivers:

→ Internationalisation → Innovation → Sustainability

Internationalisation allows the Group to diversify its activities at a geographical level, spreading risk and investment across European and non-European markets. More-over, the challenge posed by differ-ent cultural contexts enables the organisation and its employees to grow and develop skills within an in-ternational environment.

Innovation allows Manni Group to respond to the new market needs and improve production processes, making them increasingly efficient and effective while involving a low environmental impact, thus offering high-added-value products.

More specifically, our Research and Development division, focusing on new technologies and operating in line with sustainability, innovation and digitisation principles, allows Manni Group to make a practical contribution to systems and solu-tions intended for the designed buildings.

Manni Group considers sustain-ability as a way of doing business. Steel and the construction market allow a practical contribution to be made to the fight against climate change; the company, as a steel-in-dustry group, feels committed to re-duce the impact of the construction business on the planet and to con-tribute to disseminating alternative construction systems with a view to furthering long-term development in harmony with the environmental and social context.

Enrico FrizzeraManni Group CEO

Vision

sustainability and strategies

Azerbaijan pavilion - Treasure of Biodiversity. Customer: Speirani Costruzioni Srl / Siderverona Srl, Carraro Srl (globe-shaped structures)

t

36


The Science Based Target Initiative, sponsored by the Carbon Disclosure Project, World Resource Institute, WWF and UN Global Compact, provides guidance to companies in setting long-term emission reduction targets with a view to keeping global warming within 2°C.

Science Based Target

THE FIGHT AGAINST CLIMATE CHANGE

Manni Group is committed to the fight against climate change. Fol-lowing the publication of the Sus-tainability Policy in 2016, a 15% reduction target to be reached by 2021 was set with regard to the emissions for which the Group op-erating companies are directly re-sponsible, emissions defined as scope 1 and scope 2 under the GHG Protocol also supported by an in-ternal energy efficiency plan appli-cable to the main production units.

During 2019, following discussions with the Scientific Committee of the Science Based Target initia-tive (SBTi), Manni Group revised its emission reduction targets. Based on guidance provided by the new UNI EN ISO 14064:2019 standard - Part 1, the Group’s inventory of annual emissions was extended to scopes 3 and 4 relating to upstream and downstream haulage and the production of purchased goods, which proved to be relevant during the initial screening phase, as they account for almost 99% of total emissions, with the entire value chain being included.

-21%Reduction of scope 1 and 2 emissions achieved in

2019 compared with 2016

-15%Target to reduce scope 1

and scope 2 emissions by 2021 compared to 2016.

37

CIRCULAR ECONOMY

By adopting practices and ini-tiatives based on the Circular Economy model, Manni Group is committed to increasing the use of recyclable materials and reduc-ing its waste production. Steel, a key element of Manni Group’s business, respects and reflects the principles of this economy. Thanks to its characteristics, steel can be remelted and reused many times without its physical proper-ties being affected.

86% of the weight of the total waste produced by the Group’s companies consists of steel scrap, which then undergoes a reselling and recycling process in order to be eventually resold on the market. In any case, more than 91% of waste is intended for recovery.

The focus on resource consump-tion during the purchasing process, while monitoring the recycled con-tent of the products supplied and used subsequently in the manufac-turing process, is another virtuous example of how the Group adopts an attitude geared towards the circular economy model.

In 2019, Manni Group purchased a total of 432 thousand tons of steel. The company holds certificates at-testing the content of recycled mate-rial, issued by the suppliers pursuant to ISO 14021, covering 79% of the above amount. It should be noted that some suppliers only use scrap as raw material for their produc-tion, with a 100% recycled content.

The average recycled material con-tent of steel ordered by Manni Group in 2019 stood at 49%.

The same analysis was extended to 13.2 thousand tons of mineral wool in 2019. More than 9,200 tons were certified and more than 2,900 tons came from recycled mineral wool, both pre- and post-consumption. Therefore, the average percentage of certified recycled content stood at 32%, %, while the average recycled content on total orders stood at 22%.

100%Steel scrap intended

for recovery

49%Average recycled content

of steel used

100%Mineral wool waste

intended for recycling

22%Average content of

recycled material in mineral wool

18%Average recycled content for Isopan polyurethane

foam panels

23%Average recycled content for Isopan mineral wool

panels

38 39


Certifications

MANNI SIPRE

In line with these innovations, a well-trained and motivated team was built within Manni Sipre, provid-ing constant support to the compa-ny in dealing with the challenges of the industry of tomorrow.

ISOPAN

Isopan SpA has always been com-mitted to product and service inno-vation and has been contributing for over forty years to the global challenge to improve the construc-tion sector with a view to environ-mental sustainability, with special emphasis being placed on improv-ing building performance, safety and energy efficiency.

Isopan products help to obtain the prerequisites and credits need-ed for the most common building sustainability rating standards, such as LEED, BREEAM or Living Building Challenge.

UNI EN ISO 9001:2015

UNI EN ISO 14001:2015

UNI ISO 45001:2018

UNI EN 1090-1:2012

UNI EN ISO 3843-2

AISC: Certified Fabricator

Manni Sipre

UNI EN ISO 9001:2015

UNI EN ISO 14001:2015

SOA Category OG 9 (Class VI) and OG 10 (Class II)

UNI CEI 11352:2014

Manni Energy

UNI EN ISO 9001:2015Multisite Certification

CE Marking for panels both in Italy and in Europe pursuant to Directive 89/106/EEC

Adoption of standard EN

Isopan

SGBC - Singapore Green Building Product

VERY GOOD

Sustainable Development Goals

The Sustainability Policy, which Manni Group has adopted since 2016, allows practical goals to be de-fined with regard to emission reduc-tion, circular economy and product life cycle, involving the supply chain in the pursuit of such goals.

Through its operations, Manni Group also sets out to contribute to the achievement of the United Nations Sustainable Development Goals (SDGs), which are taken into account when choices are made and corporate strategies are developed.

sustainability and strategies

2nd Prize: High speed pagoda / Atelier_62

3rd Prize: Chariot / DS-WORKS

4140


The Manni Group Design Award, the international architecture con-test, was an opportunity to gain some insights into innovative con-struction methods, pressing sus-tainability issues and environmen-tal impact and circular economy concepts, the ultimate goal being to promote sustainable behaviour and design choices.

Manni Group Design Award fo-cused on the Xi’An’s Chinese rail-

road, the new hub dedicated to in-novation and R&D, which will cover an area spanning 17 square kilo-metres by 2023. In a country with a thousand-year-old history and an extremely fast-paced technological development, the participating art-ists from 75 different countries were given the task of designing the city’s new station. Their proposals, of su-perb design quality, met innovation and low environmental impact re-

1st PrizeThe wave / Mograph Studio

Manni Group Design Award

quirements. Manni Group’s Design Award jury was composed of 14 of the most authoritative names in contemporary architecture of in-ternational renown, such as Patrik Schumacher (Zaha Hadid Archi-tects), Ben van Berkel (UNStudio) and Stefano Boeri, Chairman of the La Triennale di Milano Foundation.

42


The Brain Research Foundation — BRFVr, chaired by the Deputy Chair-man of Manni Group, GIUSEPPE MANNI, was founded 10 years ago with Professor Massimo Gerosa, a neurosurgeon, currently holding the position of Honorary Chairman.

The BRFVr aims to promote bio-medical research on the nervous system by contributing to the devel-opment of neuroscience and, in par-

ticular, neurology and neurosurgery in Verona, involving private individu-als and institutions.

It has a Scientific Committee — chaired by Professor Andrea Sbarbati — tasked with validating the propos-als for scientific research in neuro-science that are submitted through RFPs issued on a yearly basis.

Research projects are approved first by the Scientific Committee and then by the Board of Directors of the Foundation, which finances them together with annual scholar-ships for researchers.

Again this year we expect to reach the same success as in 2019, when 20 research projects and related scholarships were financed. Manni Group S.p.A. donates € 100,000 to the Brain Research Foundation – BRFVr, to further scientific research on links between the COVID-19 pan-demic and various neurological dis-orders highlighted in many cases.

The Scientific Committee of the Foundation has identified two proj-ects that reflect the requirements set out by the Group: (i) pursue a welfare purpose, (ii) be immediately implementable and (iii) be an aid to hospitals in dealing with the current situation.

Special financing of € 100,000 from Manni Group

Brain Research Foundation Verona Onlus

Fondazione di Ricerca per le Malatt ie del Cer vel lo

The first project addresses the need to improve diagnostics relating to the Covid-19 emergency to increase the number of swab tests, ensuring greater coverage.

The second project contemplates the development of a telemedicine system. More specifically, it would allow neurological patients — who are often elderly and immunologi-cally compromised people and, as such, are at high risk of infection — to be protected from exposure to possible infection, preventing them from accessing outpatient clinics in the coming months and probably throughout the following year.

The pandemic will revolutionise the way healthcare is provided. As a result, the project will start with a limited number of patients and then be extended at a corporate, provin-cial and regional level. The number of patients involved only with re-spect to the division of Neurology of Borgo Trento (including MS) is signif-icant, with 3 to 4 thousand patients having to undergo 2-3 checks per year. In addition to these, there are patients affected by epilepsy, Parkin-son’s disease and dementia, as well as neurosurgery patients.

43

Over the years, Manni Group has supported multiculturalism by en-couraging an open and stimulating work environment, resulting from exchanges between different back-grounds and values. This sensitivity, which proves to be crucial every day also as part of the Group’s interna-tionalisation experiences, has led to support various humanitarian proj-ects and solidarity endeavours. In 2019, this commitment resulted in a total of € 60,000 worth of donations, in addition to personal voluntary work performed.

BRAIN RESEARCH FOUNDATION VERONA - BRFVr

At the time of writing this report, the whole country was experiencing a serious health emergency due to the spread of Covid-19. The situa-tion led the Board to make the dif-ficult decision to cancel the annual meeting scheduled on 26 May open to all Stakeholders of the Group. The Board also decided to make a dona-tion to contribute to the fight against Covid-19 thanks to the research pro-moted by the Brain Research Foun-dation of Verona.

Social commitment

PRO DUBBO FOUNDATION

Engagement in social issue is an ongoing effort for Manni Group. Over the past few years, the company has been providing support to the con-struction of the children’s hospital called Dubbo St. Mary Primary Hos-pital in Areka, Ethiopia, through the endeavours of the Pro Dubbo Onlus Foundation, founded by Chairman Giuseppe Manni.

BOSCO CHILDREN - ADDIS ABABA

Emphasis is also placed on the sup-port extended to the mission of the “Bosco Children” Institute, which provides shelter to street children in Addis Ababa. Most notably, the donation of a pumping system pow-ered by energy produced by a pho-tovoltaic system donated by Manni Energy has been guaranteeing water supply since 2015.

Manni Group SpASede legale - Headquartersvia Augusto Righi 7, Verona+39 045 8088911

[email protected]

Graphic layout and infographicsthe visual agency, milano

http://www.mannigroup.com

http://www.thevisualagency.com

EN

Manni group s.p.a.

Sede legale - HeadquartersVia A Righi, 7 - I37135 Verona

T +39 045 8088911F +39 045 8204892

[email protected]

3rd prize winning projectin the Manni Group Design Award contest:Chariot by DS-WORKS.

Steel railway station.

a sustainablebuilding

futurecompanyprofile

2019

a sustainable future - report.mannigroup.com€¦ · en manni group s.p.a. sede legale -...

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