The Model
PetrolValves prevents the risks arising from liability pursuant to Legislative Decree 231/2001 through the adoption and effective implementation of a specific organization, management and control model (“the Model”) throughout its entire organization.
The Model is a structured and organic system of guidelines and control activities, to be carried out also and mainly in a preventive manner and in such a way that it cannot be violated except by fraudulently circumventing its provisions.
The Model is aimed at:
- identifying sensitive processes
- defining specific protocols for the decision-making process related to sensitive activities
- introducing a disciplinary system in case of violations of the Model
The Group Code of Ethics is an integral part and fundamental element of the Model.
The Model was adopted in 2014 and is periodically updated to incorporate the organizational and process changes and the new types of offenses that from time to time expand the scope of application of Legislative Decree 231/2001.
Consult and download
SUPERVISORY BOARD
Appointment of new members of the Supervisory Board pursuant to Legislative Decree 231/2001
On 9 August 2024, the Board of Directors of PetrolValves S.p.A. appointed the new Supervisory Board pursuant to Legislative Decree 231/2001, with the objective of supervising the functioning, effectiveness, adequacy, compliance and updating of the Organisation, Management and Control Model adopted by the Company pursuant to Legislative Decree 231/2001.
The Supervisory Board, which will remain in office for three financial years, i.e. until the approval of the Financial Statements as at 30 November 2026, is now composed of the following independent members:
Professor Andrea Lionzo – Chairman
Lawyer Antonio Carino
Dr. Giacomo Zorzetto.
The appointment of the Supervisory Board enables the Company to further strengthen its internal control and governance system in the interest of all stakeholders.
WHISTLEBLOWING
PetrolValves is committed to operate in accordance with the highest standards of integrity, social accountability and ethics. In order to prevent and counter illegal conduct not in line with the ethical values, PetrolValves has put in place an independent system for the receipt and management of reports of violations relating to the Company’s working context.
In this reporting system you can quickly and easily report concerns about actual or suspected misconduct that can affect PetrolValves.
Sustainability & Anticorruption
At PetrolValves, we recognize sustainability as a crucial element for the Company’s long-term success and for the well-being of future generations. That’s why we are committed to operating responsibly from an ethical, environmental, social, and economic standpoint, by integrating sustainable practices into all aspects of our business. Our actions are inspired by the 17 Sustainable Development Goals (SDGs) set out in the United Nations 2030 Agenda.
We are guided by key principles that shape our contribution to a sustainable development model—one where both internal and external stakeholders work together to achieve our long-term goals:
- Sustainable growth
We aim to actively support the sustainable growth of our business, creating positive impacts for all stakeholders across the value chain. - People’s well-being and protection
In line with our Group’s values—also reflected in our Quality, Environment, and Health & Safety Policy—we place the highest priority on customer satisfaction and on health and safety. This commitment extends not only to our customers, but also to employees, visitors, contractors, suppliers, and the communities surrounding our facilities. - Stakeholder engagement
We foster active engagement with our stakeholders to define a sustainability strategy that aligns with their expectations. Engagement is also a tool for promoting positive change and preventing negative impacts. We recognize the unique characteristics of each stakeholder group and tailor our methods of communication and engagement accordingly. - Transparency and disclosure
We are committed to communicating clearly the importance we place on sustainability, as well as the actions we take across environmental, social, and governance areas. Our aim is to create a positive impact for all stakeholders, including the most vulnerable groups. - Anticorruption
The Company adopts a ‘zero-tolerance’ approach to any corrupt practice in its relations with public and private stakeholders and is committed to ensuring actions and conduct based exclusively on criteria of transparency, fairness and moral integrity that prevent any attempt at corruption.
Every decision we make is aimed at ensuring our operations respect and protect the environment. We believe that building and nurturing strong, long-term relationships with both internal and external stakeholders is essential to our success and to the creation of shared value.
We also see sustainable innovation as a key driver for improving our environmental performance and for contributing to a more sustainable future.
A distinctive feature of PetrolValves lies in the strength of our supply chain. In carrying out our operations, we rely on a solid network of raw material and semi-finished product suppliers, selected through a structured process of assessment and qualification.
More information about our commitments and guiding principles can be found in the PetrolValves policies.