Dear Stakeholders,
as we reflect on the past year and set our sights on the future, Tenova’s unwavering commitment to sustainability and innovation remains at the forefront of our strategic direction. At Tenova, we firmly believe that the real value we bring to the sustainability table lies in our human capital, as the specialized competencies of our team are our greatest and most valuable asset. It is because we have the people with the right skills that we are able to make such significant strides, designing technologies that help our clients face today’s challenges.
As a matter of fact, we have developed a product portfolio that is not only robust but exceptionally aligned with the urgent sustainability challenges of our times: our technologies are strategically positioned at the heart of today’s sustainability arena, offering services that are a perfect match for our clients’ environmental requirements and goals, while upholding the highest safety standards for both our workers and the users of our technologies. By providing our clients with the essential tools they need to decarbonize and reduce local pollution, Tenova is contributing substantially to the global transition toward more responsible practices.
On the governance front, we have recently relocated the Internal Audit Department, which is now functionally reporting directly to the Board, independent of the CEO’s approval. This significant development not only underscores our commitment to transparency but also ensures that even my actions as CEO are subject to transparent review. This is emblematic of Tenova’s distinctive governance model—a testament to our private company ethos.
Our role as Tenova is clear. We can proudly say that we are fulfilling it by developing accessible and cost-effective technologies that allow for decarbonization. These endeavors empower our clients to face today’s sustainability challenges head-on while also prioritizing safety, as the technologies we deliver are not only effective but also designed to ensure the safety of users. We are committed to a steadfast continuity in our ambition, objectives, and strategic direction, all aimed at furthering sustainable practices for the betterment of our planet and society. Your ongoing trust in Tenova energizes us to push the boundaries of what is possible.
Thank you for your continued support.
Sincerely,
Roberto Pancaldi
Chief Executive Officer