Consistently with the corporate guidelines aimed at a pursuing a management style that creates value and meets the stakeholders’ needs and expectations, RFI adopted, maintains and seeks a continuous improvement approach, in line with the Asset Management culture, in accordance with Standard ISO 55001:2014. 

Along these lines, RFI is constantly committed to maintain the infrastructure’s full efficiency, with its dense network of lines and stations, to help it evolve, and to optimize connections between different parts of the country, guaranteeing circulation between them.

In particular, the scope of the Asset Management principles covers all assets managed by RFI, including: tangible immovable assets (physical assets that make up the railway infrastructure), i.e. all elements constituting the superstructure, such as the track bed, railway structure (rails, switches, sleepers, track circuits, shunting boxes, joints, fastenings, ballasts, etc.), civil works, stations, level crossings and related control technologies, traffic command and control systems, signalling, contact lines, TE support poles, substations, etc., as well as clinics and laboratories including the Local Health Unit equipment/facilities, and R&D innovation, testing and experimentation laboratories. The scope also covers tangible movable assets (diagnostic trains, work vehicles, ships) and intangible assets (competences and railway know-how).

Asset Management is fundamental to manage the assets owned by RFI in the best way possible, while pursuing ongoing improvement. It is structured in such a way as to oversee, coordinate and control the entire asset management activities lifecycle, encompassing strategic analysis, research, design, implementation, maintenance and operation. By applying the Asset Management principles, RFI analyses the components and business processes underlying the asset management, verifies their integration, measures their level of maturity, and suggests possible actions for improvement, supported by:

• Specific KPIs measuring the performance of assets and processes in terms of valuable elements for RFI stakeholders (reliability, capacity, safety, punctuality, etc.). 
• Innovative digital procedures, tools and methods.
• A monitoring system incorporating the improvement actions resulting from business process monitoring, in terms of combined assurance, pooled to provide a systemic and integrated overview. 

The Asset Management principles provide guidance on: 

• Asset-centric management, to ensure that business processes are implemented by placing the asset at the core of business strategies.
• The entire asset lifecycle, from concept to design, acquisition, implementation, management, maintenance and disposal, with an all-round vision focused not only on the asset acquisition costs, but also on the effects of their management on the business, with the goal of optimising the infrastructure’s life. 
• Systemic matters, requiring the integration of asset management processes with corporate management processes functional to the organisation.
• Risks, requiring careful management to strike the right balance between performance, costs and risk, in order to reduce the effects of uncertainty on objectives and govern the assets properly.

In particular, purpose of RFI’s Policy is to drive asset processes and activities by committing to:

• Creating value for all stakeholders, thus involving them in setting measurable targets, in line with corporate asset management strategies.
• Establishing the direction and priorities for developing the asset management capabilities necessary to achieve the strategic objectives set by top management.
• Turning corporate objectives and strategies into asset management activities, in an effective and transparent manner, to make better informed decisions not limited to individual business processes, but rather shared by the entire organisation and by all resources.
• Creating and disseminating an asset management culture to create value.
• Guiding RFI staff in their contribution to the smooth running of the management system, constantly raising awareness of the impact of their direct and indirect decisions and actions concerning assets, and promoting their leadership to manage them successfully.
• Defining the relevant asset management roles, responsibilities and skills necessary to supervise the entire asset lifecycle, by focusing on people as key factors to gain asset value.
• Ensuring a successful asset management by taking constant value creation and the entire lifecycle into account, and by constantly aligning strategies and operations, through robust planning, by defining supporting and enabling factors, and by identifying any improvement actions.
• Promoting ongoing asset management improvement through a systemic approach and collaboration between all resources, pursuing opportunities while mitigating any identified risks. 

RFI undertakes to pursue and comply with the principles set forth in this company Policy, by implementing it, reviewing it periodically, updating it whenever required, and engaging stakeholders to ensure its widespread dissemination.