Ethics and firms: the Business Ethics Summit focuses on best practices – English

(ANSA) – ROME, JUN 12 – A meeting took place at the
Pontifical Academy of Sciences in the Vatican City on Friday to
reflect on how to apply ethics to business decisions when it
comes to environmental, technological and social issues.
   
The Business Ethics Summit, the first forum of its kind in
Italy, was organized by Core, an agency specialized in public
and institutional relations, in collaboration with the
Pontifical Lateran University, and it brought together
ministers, academics and experts from every sector from all over
the world.
   
Core Board Director Cristiana Falcone explained that the aim of
the summit, produced with the help of artificial intelligence,
was “to share experiences of success and failure to explore the
role of ethics in business.
   
“The summary of the discussions will become the subject of four
case studies available to young people who want to undertake a
managerial career,” she added.
   
There were four sessions on the debate agenda: Human Economy,
Tech Economy, Impact Economy and Climate Economy.
   
Business and Made in Italy Minister Adolfo Urso took part in the
first session, and emphasized how ‘Made in Italy’ is “not
identified as a place, but as a model of production, a sort of
global brand of excellence that puts the international consumer
at the centre of the Italian production system”.
   
Sam Altman, an American IT expert, entrepreneur and business
manager and the co-founder and CEO of OpenAI, spoke about the
Tech Economy.
   
“An ethical company is also a better company,” Altman said. “We
apply high standards of safety, control, transparency and
honesty precisely because we consider them to be essential
characteristics for the progress of humanity”.
   
Minister for Sport and Youth Andrea Abodi featured in the third
session on the Impact Economy.
   
He highlighted how sport is a social immune system capable of
limiting negative impacts on people, especially young ones.
   
“Life should be lived in a non-conflictual way,” he said.
   
The final session addressed the issue of the Climate Economy
with Lorenzo Radice, the Sustainability Manager of the Ferrovie
dello Stato (FS) rail group, taking part.
   
FS was a partner of the event.
   
“The FS Group is putting sustainability principles into its
business model with a re-interpretation of all activities, from
strategic ones to operational ones,” Radice said.
   
“FS has inserted into its Statute the goal of pursuing
sustainable development to create value for shareholders and
stakeholders.
   
“Indeed, the company aims to become the linchpin of a new
mobility ecosystem focused on shared and collective transport,
realizing transport infrastructure and services capable of
generating benefits for people and for territories.
   
“The industrial plan for the next 10 years revolves around
sustainable development by addressing the climate emergency and
the energy crisis.
   
“And the criteria of environmental and social sustainability are
considered when assessing investments and measuring company
performance and rewarding management”.
Salvatore Pinto, the president of Axpo Itaia – another partner -
stressed how putting ESG strategies at the centre of development
was “a priority for the economies of the whole world.
   
“As an energy operator, we are committed to taking all the roads
that technology makes available for increasingly Green energy
generation,” he said.
   
“But the next new challenge will be to nurture people’s
creativity and talent, flanking it with digitalization offers
and looking to (ANSA).