ALESSI BECOMES A BENEFIT CORPORATION
On June 10th, 2020, during an Alessi S.p.A. Extraordinary Shareholders’ Meeting, there was a change in the company Statute, which transformed the company into a Benefit Corporation.
A Benefit Corporation is a legal entity classification introduced by the 2016 Stability Law, allowing for-profit companies to claim the responsible, sustainable and transparent pursuit of common good purposes in their Statute.
The common good is the pursuit of one or more positive effects derived from commercial activity, or the reduction of negative ones, on people, the community as a whole, and the business environment.
Every year, in parallel with the preparation of the financial statement, a Benefit Corporation shall disclose a statement regarding the other goals and evaluate the overall impact on society and the environment.
Italy is the first European country to adopt the legal classification of Benefit Corporation, originally created in the United States, and Alessi is the first Design Factory to choose this route.
Alessi has always believed in the public utility of business activities, that is the betterment of society, not only through the generation of economic wealth but also the creation and valuation of people’s work and the manufacturing of products that impact the quality of life. Choosing the become part of Benefit Corporation, the company formally integrates these objectives with traditional business goals.
Bringing art and poetry into industrial production; taking care of people, considering them as a goal and not a means to an end; generating profit equitably and sustainably within a medium long-term perspective and creating wealth that will affect the whole context. These are the three pillars on which the work of Alessi as a Benefit Corporation is built, accompanied by the protection for the community and the environment.
Oakley's recent entry into the Corporation alongside the Alessi family, the 100th anniversary of the foundation of the company and the need to name a different way of doing business, which has always characterised Alessi, has allowed the identification of 2020 as the best year for this type of change.
With the company transformation into a Benefit Corporation, Alessi carries out a development process that in 2017 had granted it the B Corporation certification, the first among Italian Design Factories – a recognition that put Alessi among the companies that utilise business as a regenerative force for the society and the wellbeing of the planet.
If you would like to learn more about our commitment, please click here.