Letter from the Chairman

ellkan.jpgDear Stakeholders,

The facts and figures you will read in this Report are the result of Fiat-Chrysler’s continued commitment to responsible and sustainable growth during 2012. When we talk about sustainability, we are referring first and foremost to the environment, people and local communities and the Group achieved noteworthy results in each one of those areas during the year.

We believe growth is only sustainable if it is achieved with respect for the environment and we have continued to improve and consolidate our leadership in this area. Worldwide, our plants reduced CO2 emissions by around 230,000 tons and, through the use of recirculating systems, we reduced water consumption by more than 2 billion cubic meters. In the United States, the Chrysler Pentastar V-6 was named one of the most efficient engines in terms of emissions and consumption for the third consecutive year. In Europe, Fiat brand was recognized, for the sixth consecutive year, for cars with the lowest average CO2 emissions among the top selling brands.

Already recognized in 2011 as one of the global leaders for its commitment and results in addressing climate change, in 2012 Fiat S.p.A. was admitted to the Italy 100 Carbon Disclosure Leadership Index and the Italy 100 Carbon Performance Leadership Index.

With respect to our people, we believe strongly that diversity in culture and experience is one of Fiat-Chrysler’s most precious resources. For that reason, we have undertaken numerous initiatives to encourage social inclusion and promote a culture that values diversity. In terms of safety, I am pleased to be able to report that,
for the sixth consecutive year, there has been a significant decrease in both frequency and severity of accidents at our plants. In fact, the number of accidents has been reduced by 50% over the past two years – a result that also confirms the importance of rigorous application of the health and safety standards of World Class Manufacturing. During 2012, we received 1.2 million suggestions from employees relating to achievement of a safer and more efficient work environment. This significant level of employee participation demonstrates how widely and strongly the commitment is shared within the Group.

This same commitment also applies to every one of the communities where we are present, including through funding projects to improve the quality of life of our stakeholders, particularly in support of education. Of the approximately €21 million committed by Fiat-Chrysler during 2012 in support of local communities, more than half was for initiatives related to youth education and cultural projects. Those initiatives were in communities where we already have a wellestablished presence, as well as those where we are relatively recent arrivals. The engagement with more than 800 local stakeholders in Goiana (Pernambuco, Brazil), where the Group is building a new plant, is just one example of the concrete contribution that we strive to make to the quality of life and development of local communities.

In the following pages, you will read many other facts and figures that draw a very clear picture of what sustainability means for us. It is far from being a secondary or temporary consideration. For our Group, it is a concrete, long-term commitment that has been at the core of what we do for many years and will remain an integral part of our activities into the future.

/s/ John Elkann
John Elkann

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