
(AGENPARL) – mar 28 giugno 2022 0LQLVWHUR GHOO·,VWUX]LRQH
“#$%&’#()*’+!$)&!#,!
-#-‘)(%!)./0%’#1+!.#!#-‘&/2#+*)!)!.#!3+&(%2#+*)
#$%&’#()*’+
“#$%&
OD OHJJH  OXJOLR  Q  UHFDQWH ´
!”#$%&'()*+(,”,-*&'(.’/”$.’+*()”(“,-%0/”$.*(*(
#$%&’/”$.*(*()*+*1′(2*%(“+(%”$%)”.$()*++*()”,2$,”/”$.”(+*1″,+’-“3*(3″1*.-”
µ H LQ SDUWLFRODUH
O·DUWLFROR  FRPPD  OHWW D FKH SUHYHGH OD YDORUL]]D]LRQH H
)*+,-.’/0,-+*!
1,((,!2*0),+,-.,!(‘-34’5+’26,7!2*-!)/8+’2*(/8,!8’9,8’0,-+*!/((:’+/(‘/-*!-*-26;!/((/!
(‘-34/!’-3(,5,!,!/1!/(+8,!(‘-34,!1,((:-‘*-,!
48*),/7!/-26,!0,1’/-+,!(:
4+'(‘..*!
1,((/!0,+*1*(*3’/�!*-+,-+!
/-34/3,!
-+,38/+,1!
HDUQLQJµ
“#$%@
LO GHFUHWR OHJLVODWLYR  IHEEUDLR  Q  UHFDQWH ´
4*#”.”/”$.*()*++*(.$%&*(1*.*%’+”(
%*+’-“3*(‘++'(,50$+'()*++6”.#’./”‘(*(‘+(2%”&$(5″5+$(
)*++6″,-%0/”$.*7(‘(.$%&'()*++6’%-“5$+$(8()*++'(
+*11*(9:(&’%/$(9;;7(.. 4;&#x =00;=(
µ H VXFFHVVLYH PRGLILFD]LRQL H LQ SDUWLFRODUH O·DUWLFROR 
LO TXDOH SUHYHGH FKH OD VFXROD GHOO·LQIDQ]LD ´FRQWULEXLVFH DOOD IRUPD]LRQH LQWHJUDOH
1,((,!A/0A’-,!,!1,’!A/0A’-‘7!/-26,!)8*
04*B,-1*!'(!)(48′(‘-34’50*!/++8/B,85*!
O·DFTXLVL]LRQH GHL SULPL HOHPHQWL GHOOD OLQJXD LQJOHVHµ
“#$%@
LO GHFUHWR GHO 3UHVLGHQWH GHOOD 5HSXEEOLFD  PDU]R  Q  ´5HJRODPHQWR
/0,-+,!
/3(‘!/–‘!1′!2*85*!/-2*8/!/++’B/+’C
“#$%@
LO GHFUHWR GHO 3UHVLGHQWH GHOOD 5HSXEEOLFD  PDU]R  Q  ´5HJRODPHQWR
UHFDQWH QRUPH FRQFHUQHQWL LO ULRUGLQR GHJOL LVWLWXWL WHFQLFLµ FKH DOO·DUWLFROR 
LQWURGXFH QHO TXLQWR DQQR O·LQVHJQDPHQWR GL XQD GLVFLSOLQD QRQ OLQJXLVWLFD
2488’2*(/8,!’-!4-/
(‘-34/!5+8/-‘,8/C!
“#$%@
“#$%@
LO GHFUHWR GHO 3UHVLGHQWH GHOOD 5HSXEEOLFD  PDU]R  Q  ´5HJRODPHQWR
UHFDQWH UHYLVLRQH GHOO·DVVHWWR RUGLQDPHQWDOH RUJDQL]]DWLYR H GLGDWWLFR GHO /LFHLµ
FKH DOO·DUWLFROR  LQWURGXFH
O·LQVHJQDPHQWR GL XQD GLVFLSOLQD QRQ OLQJXLVWLFD
2488’2*(/8,!’-!4-/!(‘-34/!5+8/-‘,8/!B,’2*(/8,7!/!)/8+’8,!1/(!+,8.*!/–*!1,’!(‘2,’!
(‘-34’5+’2′!,!-,(!D4’-+*!/–*!1,3(‘!/(+8’!(‘2,’C
LO GHFUHWR OHJLVODWLYR  DSULOH  Q  UHFDQWH ´5HYLVLRQH GHL SHUFRUVL
1,((:’5+84.’*-,!)8*9,55’*-/(,!-,(!8’5),++*!1,((:/8+’2*(*!EEF!1,((/!�*5+’+4.’*-,7!
-*-26;!8/22*81*!2*-!’!),82*85′!1,((:’5+84.’*-,!,!9*80/.’*-,!)8*9,55’*-/(,7!/!
QRUPD GHOO·DUWLFROR
E7!2*00′!EGH!,!EGE7!(,++,8/!1I7!1,((/!(,33,!EJ!(43(‘*!KHEL7!-M!
µ
“#$%@!
 Q  UHFDQWH ´
!*1$+’&*.-$(5$.5*%.*.-*(+'()*#”.”/”$.*()*++'()”,5″2+”.'()*”(%*?0″,”-“(
GHOOD IRUPD]LRQH LQL]LDOH GHJOL LQVHJQDQWL GHOOD VFXROD GHOO·LQIDQ]LD GHOOD VFXROD SULPDULD H
)*++'(,50$+'(,*5$.)’%”‘()”(2%”&$(*(,*5$.)$(1%’)$
µ H VXFFHVVLYH PRGLILFD]LRQL
0LQLVWHUR GHOO·,VWUX]LRQH
“#$%&’#()*’+!$)&!#,!
-#-‘)(%!)./0%’#1+!.#!#-‘&/2#+*)!)!.#!3+&(%2#+*)
“#$%@
“#$%@
“#$%&
“#$%&
“#$%&
“#$%@
‘(!1,28,+*!1,(!
0LQLVWUR GHOO·LVWUX]LRQH GHOO·XQLYHUVLWj H GHOOD ULFHUFD  QRYHPEUH
 Q  UHFDQWH ´
,QGLFD]LRQL QD]LRQDOL SHU LO FXUULFROR GHOOD VFXROD GHOO·LQIDQ]LD H GHO
SULPR FLFOR GL LVWUX]LRQH D QRUPD GHOO·DUWLFROR  FRPPD  GHO GHFUHWR GHO 3UHVLGHQWH GHOOD
!*20@@+”5′(9;(&’%/$(9;;A7(.=(:A
G·RUD LQ SRL
B.)”5’/”$.”
.’/”$.’+”(9;89
)/8+’2*(/8,!8’9,8’0,-+*!/((/!?’-34/!’-3(,5,!,!$,2*-1/!(‘-34/!2*04-‘+/8’/C!
LO GHFUHWR GHO 0LQLVWUR GHOO·LVWUX]LRQH GHOO·XQLYHUVLWj H GHOOD ULFHUFD  RWWREUH
KHEE7!-M!KEE7!
N,3*(/0,-+*!8,2/-+,!O
B.)”5’/”$.”(.’/”$.’+”(%”10’%)’.-“(1+”($@”*–“3″(
,2*5″#”5″()”(‘22%*.)”&*.-$(5$.5*%.*.-“(+*(‘–“3”-C(*(1+”(“.,*1.’&*.-“(5$&2%*,”(.*”(2″‘.”()*1+”(,-0)”(
2%*3”,-“(2*%(“(2*%5$%,”(+”5*’+”()”(50″(‘++6’%-“5$+$(8;7(5$&&'(7()*+()*5%*-$()*+(D%*,”
)*.-*()*++'(
!*20@@+”5′(�8(&’%/$(9;8;7(.=(:A7(“.(%*+’/”$.*(‘++6’%-“5$+$(97(5$&&”(8(*(7()*+(&*)*,”&$(
%*1$+’&*.-$
OD GLUHWWLYD GHO 0LQLVWUR GHOO·LVWUX]LRQH GHOO·XQLYHUVLWj H GHOOD ULFHUFD  OXJOLR
KHEH7!-M!LF7!8,2/-+,!?’-,,!34’1/!),8!'(!)8’0*!A’,–‘*!1
,3(‘!’5+’+4+’!+,2-‘2’C
OD GLUHWWLYD GHO 0LQLVWUR GHOO·LVWUX]LRQH GHOO·XQLYHUVLWj H GHOOD ULFHUFD  JHQQDLR
 Q  UHFDQWH /LQHH JXLGD SHU IDYRULUH H VRVWHQHUH O·DGR]LRQH GHO QXRYR
/55,++*!1’1/++’2*!,!*83/-‘../+’B*!1,’!),82*85′!1′!’5+84.’*-,!)8*9,55’*-/(,C!
(/!1’8,++’B/!1
HO 0LQLVWUR GHOO·LVWUX]LRQH GHOO·XQLYHUVLWj H GHOOD ULFHUFD  JHQQDLR
KHEK7!-M!L7!8,2/-+,!?’-,,!34’1/!),8!'(!5,2*-1*!A’,–‘*!,!'(!D4′-+*!/–*!1,’!
),82*85′!1′!’5+84.’*-,!)8*9,55’*-/(,7!(‘0’+/+/0,-+,!/3(‘!/–‘!1’!2*85*!/-2*8/!
/++’B/+’C
‘(!1,28,+*!1’8,++*8
‘/(,!KL!5,++,0A8,!KHEQ7!-M!ERHH7!8,2/-+,!?’-,,!34’1/!),8!’!-4*B’!
‘5+’+4+’!)8*9,55’*-/(‘C
“#$%@
LO GHFUHWR GHO 0LQLVWUR GHOO·LVWUX]LRQH GHOO·XQLYHUVLWj H GHOOD ULFHUFD  VHWWHPEUH
 UHFDQWH ´
E%”-*%”(*(&$)’+”-C(2*%(+$(,3$+1″&*.-$()*”(5$%,”()”(
2*%#*/”$.’&*.-$(2*%(
O·LQVHJQDPHQWR GL XQD GLVFLSOLQD QRQ OLQJXLVWLFD LQ OLQJXD VWUDQLHUD QHOOH VFXROH DL VHQVL
GHOO·DUWLFROR  GHO GHFUHWR  VHWWHPEUH  Q 
µ
“#$%@
LO GHFUHWR GHO 0LQLVWUR GHOO·LVWUX]LRQH
0/8.*!KH
7!-M!
7!2*-2,8-,-+,!’!
8,D4’5’+’!),8!
(/!B/(4+/.’*-,!,!'(!8’2*-*52’0,-+*!1,((/!B/(‘1’+T!1,((,!2,8+’9’2/.’*-‘!
1,((,!2*0),+,-.,!(‘-34’5+’2*
2*04-‘2/+’B,!’-!(‘-34/!5+8/-‘,8/!1,(!),85*-/(,!
52*(/5+’2*C
“#$%@
LO GHFUHWR GLUHWWRULDOH  DSULOH  Q  FRQFHUQHQWH O·L
5+’+4.’*-,!1′!2*85′!1’!
SHUIH]LRQDPHQWR SHU O·LQVHJQDPHQWR GL XQD GLVFLSOLQD QRQ OLQJXLVWLFD LQ OLQJXD
5+8/-‘,8/7!5,2*-1*!(/!0,+*1*(*3’/!�*-+,-+!/-1!?/-34/3,!#-+,38/+,1!?,/8-‘-3!
�V?#?I7!8’B*(+’!/’!1*2,-+’!’-!5,8B’.’*!-,’!(‘2,’!,!-,3(‘!’5+’+4+’!+,2-‘2’C
“#$&%&
OD QHFHVVLWj GL DJJLRUQDUH LO FLWDWR ''  WHQXWR FRQWR GHOO·HVSHULHQ]D
VYROWD QRQFKp GL DPSOLDUH DOOD VFXROD GHOO·LQIDQ]LD H DO SULPR FLFOR GL LVWUX]LRQH
0LQLVWHUR GHOO·,VWUX]LRQH
“#$%&’#()*’+!$)&!#,!
-#-‘)(%!)./0%’#1+!.#!#-‘&/2#+*)!)!.#!3+&(%2#+*)
“#$%#&’
‘()*+,-,!.
0112)),
#(!)8,5,-+,!1,28,+*!1’52’)(‘-/!3(‘!/5),++’!
2/8/++,8′../-+’!1,’!2*85′!1′!),89,.’*-/0,-+*!),8!(/!
PHWRGRORJLD &/,/ ULYROWL DL GRFHQWL LQ VHUYL]LR QHOOH VFXROH GHOO·LQIDQ]LD H SULPDULD H GHL FRUVL
GL SHUIH]LRQDPHQWR SHU O·LQVHJQDPHQWR FRQ PHWRGRORJLD &/,/ GL GLVFLSOLQH QRQ
(‘-34’5+’26,!
‘-!(‘-34/!5+8/-‘
,8/!8’B*(+’!/’!1*2,-+’!’-!5,8B’.’*!-,((,!524*(,!5,2*-1/8′,!1′!)8’0*!,!5,2*-1*!
38/1*M!
#!2*85′!1′!24′!/(!2*00/!E!5′!2*-9’348/-*!2*0,!2*85′!1′!9*80/.’*-,!’-!5,8B’.’*!/’!5,-5′!1,3(‘!
/8+’2*(‘!SJ!,!SR
2*00’!G!,!Q
1,(�!�W?!KHHFM
‘()*+,-,!4
5(,6*-,!72-!
7,+28)2!$9:9!2!;()*+,-;*,82!72-!=2(+,(&#x*,8
; 2!;r-!;&#x=2 5;&#x +, ; 00;,
OOHJDWR $ H O·$OOHJDWR %
DO SUHVHQWH GHFUHWR UHODWLYL ULVSHWWLYDPHQWH DOOD VFXROD GHOO·LQIDQ]LD
,!)8’0/8’/!,!/((/!524*(/!5,2*-1/8’/!1′!)8’0*!,!1′!5,2*-1*!38/1*7!1,9′-’52*-*
O·DUWLFROD]LRQH GHO
),82*85*!1′!),89,.’*-/0,-+*!V&++’B’+T!9*80/+’B,!1′!A/5,7!&++’B’+T!9*80/+’B,!2/8/++,8′../-+’7!
&(+8,!/++’B’+TI
7!-,((*!5),2’9’2*
(/!+/A,((/!1,’!�8,1’+’!9*80/+’B’!4-‘B,85’+/8’!VKH!�YI
‘!8,(/+’B’!5,++*8′!52′,-+’9’2*!
1’52’)(‘-/8’C
O·LPSLHJR GHOOD PHWRGRORJLD &/,/
/’!9′-‘!1,((/!B,8+’2/(‘../.’*-,!1,’!),82*85′!,!
GHOO·DSS
8,-1’0,-+*!)8,2*2,!1,((/!(‘-34/!5+8/-‘,8/7!’-!(‘-,/!2*-!(,!’-1’2/.’*-‘!
FRQWHQXWH QHOOH 5DFFRPDQGD]LRQL GHO &RQVLJOLR GHOO·8QLRQH (XURSHD
KHE�GZ!
 UHODWLYD DOOH FRPSHWHQ]H FKLDYH SHU O·DSSUHQGLPHQWR SHUPDQHQWH
&  UHODWLYD DOO·DSSURFFLR JO
REDOH DOO·LQVHJQDPHQWR H
DOO·DSSUHQGLPHQWR GHOOH OLQJXH VWUDQLHUH &  UHODWLYD DL VLVWHPL GL
,142/.’*-,!,!248/!1’!/(+/!D4/(‘+T!-,((/!)8’0/!’-9/-.’/C
“#$%@
&�[#$#%
,28,+
G!(43(‘*!KHKE7!-M!
/)*!1,(!’)/8+’0,-+*!),8!'(!5’5+,0/!
,142/+’B*!1′!’5+84.’*-,!,!1′!9*80/.’*-,!
2*-!24′!]!5+/+*!’5+’+4’+*!4-!384))*!1′!
(/B*8*!
),8!(/!8,B’5’*-,!1,(!
,28,+*!
‘8,++*8’/(,!ES!/)8′(,!KHEK7!-M!S
‘(!)/8,8,!
JH!1’2,0A8,!KHKE!
9*8-‘+*!
1/(!^N7!’8,.’*-,!3,-,8/(,!1,3(‘!
*81′-/0,-+’!1,((/!9*80/.’*-,!54),8’*8,!,!1,(!1’8’++*!/((*!5+41’*7!’-!0,8’+*!/’!
)/8,8′!
,5)8,55′!
(!�W!,!1
OO·$1985 VXOOR
VFKHPD GL 'HFUHWR UHFDQWH ´&ULWHUL
H PRGDOLWj SHU OR VYROJLPHQWR GHL FRUVL GL SHUIH]LRQDPHQWR SHU O·
‘-5,3-/0,-+*!
GL XQD GLVFLSOLQD QRQ OLQJXLVWLFD LQ OLQJXD VWUDQLHUDµ PHWRGRORJLD &/,/
$=W%#%=
(,!*83/-‘../.’*-‘!5’-1/2/(‘!
‘-!1/+/!EL!3’43-*!KHKK
0LQLVWHUR GHOO·,VWUX]LRQH
“#$%&’#()*’+!$)&!#,!
-#-‘)(%!)./0%’#1+!.#!#-‘&/2#+*)!)!.#!3+&(%2#+*)
L UHTXLVLWL SHU O·DWWLYD]LRQH H O·LVWLWX]LRQH GHL SHUFRUVL
3(‘!*A’,++’B’!9*80/+’B’!1,’!),82*85′!,!1,3(‘!’-5,3-/0,-+’C
‘(!)8*9′(*
1,((,!2*0),+,-.,
‘-!452’+/!1,(!1*2,-+,!
2*-!9*80/.’*-,!
�?#?
0*1/(‘+T!1’!
5,(,.
‘*-,!,!1′!
/00’55’*-,!1,’!2*85’5+’
‘()*+,-,!?
�”2)*8;);(*!2!(2@A�**)*!�7*!;++2�,
, FRUVL GL SHUIH]LRQDPHQWR VRQR ULYROWL D GRFHQWL GHOOD VFXROD GHOO·LQIDQ]LD H SULPDULD H D GRFHQWL
1′!1’52’)(‘-,!-*-!(‘-34’5+’26,!1,((,!524*(,!5,2*-1/8′,!1′!#!,!##!
JUDGR QHOO·RUGLQH
/!+,0)*!’-1,+,80′-/+*C
/!+,0)*!1,+,80′-/+*7!
QHOO·DQQR GL DWWLYD]LRQH GHL FRUVL
‘-5,8’+’!/!)’,-*!+’+*(*!-,((,!
JUDGXDWRULH DG HVDXULPHQWR GL FXL DOO·DUWLFROR  FRPPD  OHWWHUD F GHOOD OHJJH 
1’2,0A8,!KHHS7!-M!KQS!*BB,8*!-,((,!
JUDGXDWRULH GHL FRQFRUVL SHU O·DFFHVVR
DOO·LQVHJQDPHQWR
/!+,0)*!1,+,80′-/+*7!-*0′-/+’!
/’!5,-5′!1,
OO·DUW  F  GHO '/  PDJJLR  Q 
/!+,0)*!1,+,80′-/+*7!
QHOO·DQQR GL DWWLYD]LRQH GHL FRUVL
‘-5,8’+’!/!)’,-*!+’+*(*!-,((,!
8/14/+*8′
8*B’-2’/
(‘!),8!(,!
XSSOHQ]H GL FXL DOO·DUW
‘2*(*
L7!(,++,8/!
524*(/!
GHOO·LQID
-.’/!,
)8’0/8’/
2*00/!
(,++,8/
524*(,!
5,2*-1/8’
#!,!##!38/1*
GHOO·20  GHO 
(43(‘*!KHKHM
#!1*2,-+’!/554-+’!2*-!2*-+8/++*!/!+,0)*!
‘-1,+,80′-/+*!-,((,!524*(,!)/8’+/8′,!*BB,8*!-,’!2,-+8′!1′!
IRUPD]LRQH SURIHVVLRQDOH FKH HURJDQR SHUFRUVL SHU O·DVVROYLPHQWR GHOO·REEOLJR GL LVWUX]LRQH
)*55*-*!/22,1,8,!/’!2*85′!1′!),89,.’*-/0,-+*!1′!24′!/(!)8,5,-+,!1,28,+*!5,-./!*-,8′!/!2/8’2*!1,((*!
&’!2*85′!)*55*-*!/22,1,8,!’!1*2,-+’!1′!24′!/’!2*00′!E!,!K!)4826;!’-!)*55,55*!1′!2*0),+,-.,!
(‘-34’5+’2*
2*04-‘2/+’B,!1’!
(‘B,((*
/(0,-*!
1′!24′!/(![4/18*!2*04-,!,48*),*!1’!8’9,8’0,-+*!
),8!(,!(‘-34,!V[�=NI!-,((/!(‘-34/!5+8/-‘,8/!*33,++*!1,(!2*85*7!
8′(/52’/+,!1/!=-+’!2,8+’9’2/+*8′!
ULFRPSUHVL QHOO·HOHQFR GL FXL DL GHFUHWL GLUHWWRULDOL DWWXDWLYL GHO GHFUHWR GHO 0LQLVWUR GHOO·LVWUX]LRQH
GHOO·X
-‘B,85’+T!,!1,((/!8’2,82/!F!0/8.*!KHEK7!
-M!JGGQ
2*0,!)8,2’5/+*!-,(!)4-+*!,M!1,3(‘!&((,3/+’!&!
1*2,-+’!1,5+’-/+/8′!1,’!2*85’7!9,80′!8,5+/-1*!’!8,D4’5’+’!1′!24′!/’!2*00′!E
,!J7!5*-*!
‘-1’B’14/+’
1/(!2*0),+,-+,!99’2’*!$2*(/5+’2*!N,3’*-/(,!54((/!A/5,!1,
‘!28’+,8′!5),2’9’2/+’!-,(!)4-+*!,M!1,3(‘!
&((,3/+’!&!,!_
‘()*+,-,!B
C,112))*!@A;-*6*+;)*
#!2*85′!1’!),89,.’*-/0,-+*!5*-*!8,/(‘../+’!
-‘B,85’+T!5+/+/(‘!,!-*-!5+/+/(‘!(,3/(0,-+,!
8’2*-*52’4+,7!2*0)8,5,!(,!-‘B,85’+T!+,(,0/+’26,
LQ SRVVHVVR GHL UHTXLVLWL GL FXL DOO·DUWLFROR 
2*00/!J!1,(!1,28,+*!1,(!
LQLVWUR GHOO·LVWUX]LRQH GHOO·XQLYHUVLWj H GHOOD ULFHUFD  VHWWHPEUH 
UHFDQWH ´&ULWHUL H PRGDOLWj SHU OR VYROJLPHQWR GHL FRUVL
GL SHUIH]LRQDPHQWR SHU O·LQVHJQDPHQWR
GL XQD GLVFLSOLQD QRQ OLQJXLVWLFD LQ OLQJXD VWUDQLHUD QHOOH VFXROH DL VHQVL GHOO·DUWLFROR  GHO
GHFUHWR  VHWWHPEUH  Q µ LQGLYLGXDWH DWWUDYHUVR DSSRVLWL EDQGL HPDQDWL
1/((/!
‘8,.’*-,!3,-,8/(,!),8!'(!),8
VRQDOH VFRODVWLFR FRQ O·HYHQWXDOH FROODERUD]LRQH GL,1',5(
#!2*85′!
0LQLVWHUR GHOO·,VWUX]LRQH
“#$%&’#()*’+!$)&!#,!
-#-‘)(%!)./0%’#1+!.#!#-‘&/2#+*)!)!.#!3+&(%2#+*)
‘-1’8′../+’!/!1*2,-+’!’-!)*55,55*!1′!/A'(‘+/.’*-,!’-!1’52’)(‘-,!(/!24′!9*80/.’*-,!’-.’/(,!]!1′!
FRPSHWHQ]D GHOOH LVWLWX]LRQL GHOO·$OWD
*80/.’*-,!
8+’5+’2/7!
45’2/(,!,!
*8,4+’2/!V&Y&^I7!/’
VHQVL GHO GHFUHWR GHO 0LQLVWUR GHOO·LVWUX]LRQH GHOO·XQLYHUVLWj H GHOOD ULFHUFD  VHWWHPEUH  Q
 GHO GHFUHWR GHO 0LQLVWUR GHOO·XQLYHUVLWj H GHOOD ULFHUFD  VHWWHPEUH  Q 
,!1,(!1,28,+*!
GHO 0LQLVWUR GHOO·LVWUX]LRQH GHOO·XQLYHUVLWj H GH
((/!8’2,82/!F!*++*A8,!KHHR7!-M!GK7!5*-*!/++’B/+’!
/++8/B,85*!5),2’9’2/!2*-B,-.’*-,!+8/!4-‘B,85’+T!,!(,!’5+’+4.’*-‘!&Y&^
M!,++/!
2*-B,-.’*-,!
SUHYHGH O·HURJD]LRQH GHL FUHGLWL IRUPDWLYL XQLYHUVLWDUL LQHUHQWL L VHWWRUL GHOOD GLVFLSOLQD GD YHLFRODUH
1/!)/8+,!1,((
,!’5+’+4.’*-‘!&Y&^
 DL VHQVL GHOO·DUWLFROR  FRPPD 
1,(!2’+/+*!1,28,+*!1,(!
‘-‘5+8*!
GHOO·LVWUX]LRQH GHOO·XQLYHUVLWj H GHOOD ULFHUFD  VHWWHPEUH 
99’2′!$2*(/5+’2’!N,3’*-/(‘!
)*55*-*!2*-2*88,8,!/((/!8,/(‘../.’*-,!1,’!2*85′!1′!24′!
DOO·DUWLFROR 
/++8/B,85*!/))*5’+,!2*-B,-.’*-‘!2*-!(,!5+84++48,!4-‘B,85’+/8′,!’-!)*55,55*!1,’!8,D4’5’+’!1′!24′!/(!
2*00/!E7!2*-!'(!2*’-B*(3’0,-+*!1,((,!’5+’+4.’*-‘!52*(/5+’26,!1,(!5’5+,0/!-/.’*-/(,!1′!’5+84.’*-,7!
/-26,!’-!8,+,!+8/!(*8*7!-,’!(‘0’+’!1,((,!8’5
*85,!/–4/(0,-+,!1’5)*-‘A'(‘7!/-26,!2*-!'(!2*-+8’A4+*!1′!
DOWUL VRJJHWWL SXEEOLFL H SULYDWL LQWHUHVVDWL H GDQGRQH FRPXQLFD]LRQH DOO·$PPLQLVWUD]LRQH
�,-+8/(,M
W42(,
1’!B/(4+/.’*-,
-‘B,85’+T
]!/99’1/+*
‘(!2*0)’+*!1’!B,8’9’2/8,7!1/-1*-,!2*-+*!-,((/!
8,(/.’*-,!/–4/(,
 LO FRUUHWWR IXQ]LRQDPHQWR H O·HIILFDFLD GHL FRUVL GL SHUIH]LRQDPHQWR HURJDW
‘()*+,-,!D
E;-A);*,8*!=2(*,7*+F2!2!6*8;-*
?,!/++’B’+T!9*80/+’B,!)8,B’5+,!1/’!2*85′!1′!),89,.’*-/0,-+*!5*-*!B/(4+/+,!’-!+8,-+,5’0’M!a,8!
DFFHGHUH DOO·HVDPH ILQDOH L FRUVLVWL GHYRQR DYHU FRQVHJXLWR YDOXWD]LRQL SDUL R VXSHULRUL D 
‘-!+4++,!(,!)8,1,++,!/++’B’+TM!
/00,55*!4-!-40,8*!1’!/55,-.,!-*
-!54),8’*8,!/(!KHb!1,(!0*-+,!*8,!2*0)(,55’B*M
, FRUVL GL FXL DOO·DUWLFROR  VL FRQFOXGRQR FRQ O·HVDPH RUDOH GL FXL DOO·DUWLFROR  GHO
,28,+*!1,(!
0LQLVWUR GHOO·LVWUX]LRQH GHOO·XQLYHUVLWj H GHOOD ULFHUFD  VHWWHPEUH  FLWDWR LQ SUHPHVVD FKH
B/(4+/7!/
++8/B,85*!4-!2*((*D4’*7!'(!5,34,-+,!0/+,8’/(,!)8,1’5)*5+*!,!'((45+8/+*!1/(!2*85’5+/X
2*-2,8-,-+,!3(‘!
/5),++’!0,+*1*(*3’2*
1/++’2′
(,3/+’!/((,!/++’B’+T!1′!+’8*2′-‘*
9’-/(‘../+*!
/((/!1’1/++’2/!2*-!0,+*1*(*3’/!�?#?
�V*-+,-+!/-1!?/-34/3,!#-+,38/+,1!?,/8-‘-3I!
/++8/B,85*!
O·XVR GL ULVRUVH H VWUXPHQWL GLJLWDOL
6XSHUDQR O·HVDPH RUDOH L FRUVLVWL FKH FRQVHJXRQR XQD YDOXWD]LRQH SDUL R VXSHULRUH D 
B/(4+/.’*-,!9′-/(,7!,5)8,55/!’-!+8,-+,5’0’7!8’54(+/!1/((/!0,1’/!1,’!)4-+,33′!*++,-4+’!-,((,!/++’B’+T!
IRUPDWLYH H GDO SXQWHJJLR RWWHQXWR QHOO·HVDPH RUDOH
?/!B/(4+/.’*-,!2*0)(,55’B/!9′-/(,!]!
8′)*8+/+/
-,(!2,8+’9’2/+*!9′-/(,!1,(!2*85*!1′!),89,.’*-/
0LQLVWHUR GHOO·,VWUX]LRQH
“#$%&’#()*’+!$)&!#,!
-#-‘)(%!)./0%’#1+!.#!#-‘&/2#+*)!)!.#!3+&(%2#+*)
‘()*+,-,!G
�%*-;+*,!+2()*6*+;*,82!6*8;-2
, FRUVLVWL GHOOD VFXROD GHOO·LQIDQ]LD H GHOOD VFXROD SULPDULD ULFHYRQR OD FHUWLILFD]LRQH ILQDOH DO
VXSHUDPHQWR GHOO·HVDPH RUDOH
+,80′-,!1,(!2*85*!1′!),89,.’*-/0,-+*M
#!2*85’5+’!1,((/!524*(/!5,2*-1/8’/!1′!)8’0*!,!5,2*-1*!38/1*!8’2,B*-*!(/!2,8+’9’2/.’*-,!9′-/(,!1,(!
2*85*!1′!),89,.’*-/0,-+*!
/(!54),8/0,-+*!
GHOO·HVDPH RUDOH
5,!’-!)*55,55*!1′!2,8+’9’2/.’*-,!1′!
(‘B,((*!
)/8’!*!54),8’*8,!/!
�E!1,(!�[=NM![4/(*8/!'(!2*85’5+/!-*-!
/AA’/!/-2*8/!2*-5,34’+*!'(!(‘B,((*!
& DO WHUPLQH GHO FRUVR GL SHUIH]LRQDPHQWR O·8QLYHUVLWj ULODVFHUj VROR XQ DWWHVWDWR GL
FRPSOHWDPHQWR GHO FRUVR GL SHUIH]LRQDPHQWR SHU O·LQVHJQDPHQWR FRQ PHWRGRORJLD &/,/ QRQ
B/(‘1*!/’!9′-‘!1,(!8’2*-*52’0,-+*!1,’!)4-+,33
‘!)8,B’5+’!1/((,!)8*2,148,!),8!'(!8,2(4+/0,-+*!1,(!
),85*-/(,M!W,(!2/5*!’-!24′!'(!2*85’5+/!2*-5,34/!4-/!2,8+’9’2/.’*-,!1′!(‘B,((*!
)/8’!*!54),8’*8,!/!
�E!
HQWUR WUH DQQL GDOOD GDWD GL ULODVFLR GHOO·$WWHVWDWR SRWUj ULFKLHGHUH OD FHUWLILFD]LRQH ILQDOH GHO FRUVR
GL SHUIH]LRQDPHQWR DOO·8QLYHUVLWj
‘()*+,-,!H
%21*,8�*!;!);)A),�!=2+*;-2!2!5(,I*8+2!’A),8,J2
$*-*!9/++,!5/(B,!(,!2*0),+,-.,!/++8’A4’+,!’-!0/+,8’/!1′!9*80/.’*-,!1,(!),85*-/(,!1*2,-+,!/((,!
N,3’*-‘!/!5+/+4+*!5),2’/(,!,!/((,!a8*B’-2,!/4+*-*0,!1′!
%8,-+*!,!1′!_*(./-*7!5,2*-1*!’!8’5),++’B’!
5+/+4+’!,!(,!8,(/+’B,!-*80,!1′!/++4/.’*-,M
#(!)8,5,-+,!1,28,+*!]!+8/50,55*!/3(‘!*83/-‘!1′!2*-+8*((*
#?�!&a@!#a&N%#^=W%@
$+,9/-*!”,85/8’
Firmato digitalmente da VERSARI STEFANO
O=MINISTERO DELL’ISTRUZIONE
'LSDUWLPHQWR SHU LO VLVWHPD HGXFDWLYR GL LVWUX]LRQH H GL IRUPD]LRQH

$//(*$72 $
&RUVR GL SHUIH]LRQDPHQWR SHU OD PHWRGRORJLD &/,/ &RQWHQW DQG /DQJXDJH
,QWHJUDWHG /HDUQLQJ
,O SHUFRUVR GL SHUIH]LRQDPHQWR VL DUWLFROD LQ LQVHJQDPHQWL H ODERUDWRUL FKH WHQJRQR FRQWR GHJOL
GHL OLYHOOL GL DSSUHQGLPHQWR /D
GLPHQVLRQH GHL SHUFRUVL q HPLQHQWHPHQWH SUDWLFD H RSHUDWLYD H SHU
FDPSL GL HVSHULHQ]D SUHYLVWL GDO '0  FLWDWR LQ SUHPHVVD *OL LQVHJQDPHQWL L ODERUDWRUL H LO
WLURFLQLR VRQR SURJHWWDWL LQ PRGR LQWHJUDWR
$WWLYLWj IRUPDWLYH
6HWWRUH
VFLHQWLILFR
GLVFLSOLQDUH
66'
$PELWL GLVFLSOLQDUL
&UHGLWL
)RUPDWLYL
8QLYHUVLWDUL
&)8
GL EDVH
//,1
//,1
(GXFD]LRQH SOXULOLQJXH FRQ SDUWLFRODUH ULIHULPHQWR
DOOD OLQJXD LQJOHVH DQFKH LQ IXQ]LRQH GHL ODERUDWRUL
SUHYLVWL QHOOH DWWLYLWj
IRUPDWLYH FDUDWWHUL]]DQWL
WHRULFL H PHWRGRORJLFL WUDVYHUVDOL FRQFHUQHQWL
&/,/ LQ SDUWLFRODUH UHODWLYDPHQWH DOOH VHJXHQWL
WHPDWLFKH
D
SULQFLSL GHOOD GLGDWWLFD SOXULOLQJXH
E
4XDGUR &RPXQH (XURSHR GHOOH /LQJXH
&RPSDQLRQ
9ROXPH 
GHO &RQVLJOLR G
(XURSD SULQFLSL H
GHVFULWWRUL
F
HWRGRORJLD GHOO
LQVHJQDPHQWR OLQJXLVWLFR H
DSSURFFL FRPXQLFDWLYL DXWHQWLFL RULHQWDWL
UHDOL DQFKH DWWUDYHUVR

G
PHWRGRORJLD &/,/ 
&RQWHQW DQG /DQJXDJH
,QWHJUDWHG /HDUQLQJ

H
WWLYLWj
SHU OD UHDOL]]D]LRQH GL
SURJHWWL
LQWHUQD]LRQDOL H7ZLQQLQJ 3URJHWWL (UDVPXV
 &)8
'LSDUWLPHQWR SHU LO VLVWHPD HGXFDWLYR GL LVWUX]LRQH H GL IRUPD]LRQH

XVR GL SLDWWDIRUPH HXURSHH VFDPEL GL FODVVH
HFF
FDUDWWHUL]]DQWL
//,1
//,1
'LGDWWLFD LQ LQJOHVH
GLVFLSOLQH VFXROD SULPDULD FRQFRUURQR QHOOR
VYLOXSSR GHOOH FRPSHWHQ]H FRQFHUQHQWL OD VFHOWD OD
YDOXWD]LRQH OD FUHD]LRQH GL PDWHULDOL GLGDWWLFL SHU L
GXH VHWWRUL VFRODVWLFL
D
DQDOLVL VHOH]LRQH DGDWWDPH
QWR FRVWUX]LRQH GL
PDWHULDOL GLGDWWLFL GL YDULR JHQHUH
E
XVR GLGDWWLFR GL VWUXPHQWL PXOWLPHGLDOL
DYXWR
ULJXDUGR
F
UHSDUD]LRQH GL DWWLYLWj LQWHJUDWH SHU OR VYLOXSSR
GHOOH DELOLWj OLQJXLVWLFR
FRPXQLFDWLYH
/H DWWLYLWj IRUPDWLYH FDUDWWHUL]]DQWL
KDQQR
IRUPD
SULPDULDPHQWH ODERUDWRULDOH H GHYRQR
SRUWDUH DG
XQD HIIHWWLYD LQWHJUD]LRQH WUD
OLQJXD LQJOHVH H L FRQWHQXWL QRQ OLQJXLVWLFL

DYYDOHQGRVL GL HVSHUWL GHL FDPSL GL HVSHULHQ]D
VFXROD GHOO
LQIDQ]LD H GHOOH GLVFLSOLQH VFXROD
SULPDULD SUHVHQWL QHOOH,QGLFD]LRQL 1D]LRQDOL 
ODERUDWRUL SHU OD SURJHWWD]LRQH
GL SHUFRUVL HGXFDWLYL
H GLGDWWLFL &/,/ LQ OLQJXD LQJOHVH
VYLOXSSDQR FDSDFLWj
GL SURJHWWD]LRQH GL PDWHULDOL H SHUFRUVL
GLGDWWLFL FRQ
ULIHULPHQWR D WUH IDVFH GL DSSUHQGLPHQWR
D
VFXROD GHOO
LQIDQ]LD
E
SULPL WUH DQQL GHOOD VFXROD SULPDULD
F
XOWLPL GXH DQQL GHOOD VFXROD SULPDULD
LQWHJUDUH DWWLYLWj FRQ HVSHULHQ]H GL
VHQVLELOL]]D]LRQH
DOOH OLQJXH DWWUDYHUVR L YDUL FDPSL GL HVSHULHQ]D
SUHYLVWL GDOOH,QGLFD]LRQL 1D]LRQDOL 
3HU OD VFXROD SULPDULD L SHUFRUVL GHYRQR SUHYHGHUH LO
ULIHULPHQWR DL WUDJXDUGL GL VYLOXSSR GHOOH
FRPSHWHQ]H SUHYLVWL GDOOH,QGLFD]LRQL 1D]LRQDOL
 H DOOH UHODWLYH
IRUPH GL YDOXWD]LRQH H DXWR

 &)8
'LSDUWLPHQWR SHU LO VLVWHPD HGXFDWLYR GL LVWUX]LRQH H GL IRUPD]LRQH

, SHUFRUVL IRUPDWLYL SHU OD
QHOOH
8QLYHUVLWj LWDOLDQH
 /H FRPSHWHQWL VWUXWWXUH DFFDGHPLFKH SRVVRQR DWWLYDUH FROODERUD]LRQL DFFRUGL
FRQYHQ]LRQL DQFKH LQ PRGDOLWj LQWHU
DWHQHR R FRQ VRJJHWWL HVWHUQL TXDOLILFDWL DO ILQH GL DYYDOHUVL GL
LVWLWX]LRQL H GL SURIHVVLRQDOLWj VSHFLILFKH SHU OH FRPSHWHQ]H ULFKLHVWH ILQDOL]]DWH DG DVVLFXUDUH L FRQWHQXWL
IRUPDWLYL SUHYLVWL
SHU OR VYROJLPHQWR GHOOH DWWLYLWj IRUPDWLYH

$O ILQH GL JDUDQWLUH OD TXDOLWj GHOOD
GLPHQVLRQH ODERUDWRULDOH H RSHUDWLYD GHOOD IRUPD]LRQH L ODERUDWRUL
SUHYHGRQR DXOH DQFKH YLUWXDOL FRQ XQ QXPHUR PDVVLPR GL  FRUVLVWL H VRQR WHQXWL GD GRFHQWL R IRUPDWRUL
HVSHUWL FRQ FRPSHWHQ]H H SUHFHGHQWL HVSHULHQ]H GLGDWWLFKH QHOOD PHWRGRORJLD &/,/
QR SURSRVWH DWWLYLWj GL LQWHUD]LRQH RUDOH WUDPLWH
DSSURFFL FRRSHUDWLYL OXGLFL HVSHULHQ]LDOL 7RWDO
3KVLFDO 5HVSRQVH
735 6WRU WHOOLQJ 7DVN
%DVHG
QR VYLOXSSDWH OH FDSDFLWj GL UHSHULUH
VFHJOLHUH DGDWWDUH FUHDUH PDWHULDOL H ULVRUVH
GLGDWWLFKH SHU RWWLPL]]DUH OH DWWLYLWj LQ OLQJXD LQJOHVH
XWLOL]]DQGR DQFKH ULVRUVH H VWUXPHQWL GLJLWDOL
$OWUH
DWWLYLWj
7LURFLQLR &/,/
3URJHWWR H
FROORTXLR ILQDOH
7LURFLQLR &/,/ GLUHWWR H LQGLUHWWR QHOOD VFXROD
SUHYHGHQGR PRGDOLWj GL
ULFHUFD IRUPDWLYD VXOOD GLGDWWLFD DQFKH D GLVWDQ]D
DG
HV RVVHUYD]LRQH GL OH]LRQL DQFKH VYROWH
GLVFXVVLRQH GL RVVHUYD]LRQL IDWWH LQ SUHVHQ]D
GLVWDQ]D
/H DWWLYLWj SUHYHGRQR
D
SUDWLFD LQ VH]LRQHFODVVH
E
SUHSDUD]LRQH GL PDWHULDOL GLGDWWLFL
XWLOL]]DQGR DQFKH ULVRUVH H VWUXPHQWL GLJLWDOL
F
DQDOLVL ULIOHVVLRQH H YDOXWD]LRQH VXOOD SUDWLFD
LQ VH]LRQHFODVVH VHFRQGR LO PRGHOOR

,O FROORTXLR ILQDOH YDOXWD
OH FDSDFLWj PHWRGRORJLFR

GLGDWWLFKH OLQJXLVWLFKH H GLJLWDOL SDUWHQGR GD
SURJHWWR
SUHGLVSRVWR GDO FRUVLVWD VX DVSHWWL
DSSOLFDWLYL GHOOD
GL ULVRUVH H VWUXPHQWL GLJLWDOL
 &)8
 &)8
727$/(  &)8
'LSDUWLPHQWR SHU LO VLVWHPD HGXFDWLYR GL LVWUX]LRQH H GL IRUPD]LRQH

,O GRFHQWH IRUPDWR
PHWRGRORJLD &/,/ QHOOD VFXROD

SRVVHGHUH FRPSHWHQ]H SHGDJRJLFKH OLQJXLVWLFRFRPXQLFDWLYH H GLGDWWLFKH DWWH D VHQVLELOL]]DUH
VSHULPHQWDQGR H FUHDQGR XQD
YDULHWj GL VLWXD]LRQL FRPXQLFDWLYH

FRQRVFHUH L SULQFLSL WHRULFL GHL SURFHVVL GL DFTXLVL]LRQH H DSSUHQGLPHQWR GL XQD VHFRQGD OLQJXD
DQFKH LQ FRQWHVWL &/,/ H VDSHUOL GHFOLQDUH QHL YDUL FRQWHVWL GL DSSUHQGLPHQWR

FRQRVFHUH H DWWLYDUH IRUPH GL HGXFD]LRQH OLQJXLVWLFD EDVDWD VX DSSURFFL DWWLYL QHO ULVSHWWR GHOOR
VYLOXSSR FDUDWWHUL]]DQWH OH GLYHUVH HWj

XWLOL]]DUH PROWHSOLFL VWUDWHJLH GLGDWWLFKH H SUDWLFKH GL VHQVLELOL]]D]LRQH OLQJXLVWLFD D SDUWLUH
 QHOOH VXH SRVVLELOL GLYHUVH GHFOLQD]LRQL HG HVSUHVVLRQL FXOWXUDOL

UHSHULUH VFHJOLHUH DGDWWDUH FUHDUH PDWHULDOL H ULVRUVH GLGDWWLFKH SHU RWWLPL]]DUH OH DWWLYLWj FRQ
PHWRGRORJLD &/,/

SURJHWWDUH RSHUDWLYDPHQWH L SHUFRUVL GLGDWWLFL WHQHQGR FRQWR GL GLIIHUHQWL FRQWHVWL HGXFDWLYL LQ
UHOD]LRQH DOOH
,QGLFD]LRQL 1D]LRQDOL


VYLOXSSDUH XQ SHUFRUVR LQ &/,/ SHU OD VFXROD SULPDULD LQ UHOD]LRQH DL WUDJXDUGL GL VYLOXSSR GHOOH
FRPSHWHQ]H SUHVHQWL QHOOH
,QGLFD]LRQL 1D]LRQDOL

PRGDOLWj GL ULFHUFD IRUPDWLYD VXOOD GLGDWWLFD
H IRUPH GL SURJHWWXDOLWj D OLYHOOR LQWHUQD]LRQDOH HV H
7ZLQQLQJ 3URJHWWL (UDVPXV VFDPEL GL FODVVH
HFF DSSURSULDWH DO OLYHOOR LQIDQ]LD H SULPDULD
,O SURILOR GHO GRFHQWH FRQ IRUPD]LRQH
UHOD]LRQH DJOL DPELWL OLQJXLVWLFR H PHWRGRORJLFRGLGDWWLFR
$PELWR OLQJXLVWLFR
KD XQD FRPSHWHQ]D GL OLYHOOR SDUL R VXSHULRUH DO %
QHOOD OLQJXD LQJOHVH
KD FRPSHWHQ]H OLQJXLVWLFKH DGHJXDWH SHU JHVWLUH FRQWHQXWL GL DSSUHQGLPHQWR LQ OLQJXD LQJOHVH
q LQ JUDGR GL VYLOXSSDUH HVSHULHQ]H HGXFDWLYH HG DWWLYLWj
LQ OLQJXD LQJOHVH LQ EDVH DOOH YDULH IDVFH
q LQ JUDGR GL XWLOL]]DUH DSSURFFL FRRSHUDWLYL OXGLFL
HVSHULHQ]LDOL GL VHQVLELOL]]D]LRQH DOOD OLQJXD
FRQ DSSURSULDWH VWUDWHJLH
$PELWR PHWRGRORJLFRGLGDWWLFR
q LQ JUDGR GL SURJHWWDUH H UHDOL]]DUH SHUFRUVL HGXFDWLYL H GLGDWWLFL &/,/ WHQHQGR FRQWR GHOOH
,QGLFD]LRQL 1D]LRQDOL 
'LSDUWLPHQWR SHU LO VLVWHPD HGXFDWLYR GL LVWUX]LRQH H GL IRUPD]LRQH

q LQ JUDGR GL UHSHULUH VFHJOLHUH DGDWWDUH FUHDUH PDWHULDOL H ULVRUVH GLGDWWLFKH SHU DWWLYLWj &/,/
XWLOL]]DQGR DQFKH ULVRUVH H VWUXPHQWL GLJLWDOL
q LQ JUDGR GL UHDOL]]DUH XQ SHUFRUVR &/,/ LPSLHJDQGR PHWRGRORJLH H VWUDWHJLH ILQDOL]]DWH D
q LQ JUDGR GL DWWLYDUH FRQWDWWL VFDPEL SURJHWWL D OLYHOOR LQWHUQD]LRQDOH
q LQ JUDGR GL HODERUDUH H XWLOL]]DUH PRGDOLWj GL
RVVHUYD]LRQH GL YDOXWD]LRQH H GL DXWR
YDOXWD]LRQH
SHU OH GLIIHUHQWL IDVFH GL HWj FRHUHQWL FRQ OD PHWRGRORJLD &/,/
UHTXLVLWR GL DPPLVVLRQH DO FRUVR OD FRQRVFHQ]D FRPSURYDWD GHOOD OLQJXD LQJOHVH DG XQ OLYHOOR SDUL R
VXSHULRUH DO
% QHOOH DELOLWj VLD ULFHWWLYH VLD SURGXWWLYH DVFROWR SDUODWRLQWHUD]LRQH OHWWXUD VFULWWXUD GHO
4&(5
6RQR DFFHWWDWH OH DWWHVWD]LRQL GL OLYHOOR % ULODVFLDWH GDJOL $WHQHL HR OH FHUWLILFD]LRQL GL OLYHOOR % R
VXSHULRUH ULODVFLDWH GD (QWL ULFRQRVFLXWL GDO 0LQLVWHUR DL VHQVL GHO '0  GHO  PDU]R  H VVPPLL
FKH KDQQR
GLFKLDUDWR OD SURSULD GLVSRQLELOLWj D SDUWHFLSDUH
 DO
FRPSHWHQWH 8IILFLR 6FRODVWLFR 5HJLRQDOH
/D VHOH]LRQH GHL FRUVLVWL GD SDUWH GHJOL 8IILFL 6FRODVWLFL 5HJLRQDOL VX VHJQDOD]LRQH GHOOH LVWLWX]LRQL
VFRODVWLFKH DYYLHQH WUDPLWH
D
VFRODVWLFKH
E
YDOXWD]LRQH GL DWWHVWDWLFHUWLILFDWL GL FRUVL GL
DOPHQR  RUH FLDVFXQR
F
YDOXWD]LRQH GL DWWHVWDWLFHUWLILFD]LRQL GL FRPSHWHQ]D OLQJXLVWLFRFRPXQLFDWLYD GL OLYHOOR VXSHULRUH
DO %
GDJOL 8IILFL 6FRODVWLFL 5HJLRQDOL
DUWLFROR  FRPPD 
'LSDUWLPHQWR SHU LO VLVWHPD HGXFDWLYR GL LVWUX]LRQH H GL IRUPD]LRQH

$//(*$72 %
&RUVR GL
PHWRGRORJLD &/,/ QHOOD VFXROD VHFRQGDULD GL SULPR H VHFRQGR JUDGR
,O SHUFRUVR GL SHUIH]LRQDPHQWR VL DUWLFROD LQ LQVHJQDPHQWL H ODERUDWRUL FKH WHQJRQR FRQWR GHJOL
RUGLQDPHQWL GLGDWWLFL LQ YLJRUH SHU OD VFXROD VHFRQGDULD GL SULPR H VHFRQGR JUDGR H GHL OLYHOOL GL
DSSUHQGLPHQWR GHOOH GLYHUVH
IDVFH GL HWj
 /D GLPHQVLRQH GHL
SHUFRUVL q H
PLQHQWHPHQWH SUDWLFD H RSHUDWLYD
*OL LQVHJQDPHQWL L ODERUDWRUL H LO WLURFLQLR VRQR SURJHWWDWL LQ PRGR LQWHJUDWR
$WWLYLWj IRUPDWLYH
6HWWRUH
VFLHQWLILFR
GLVFLSOLQDUH
66'
$PELWL GLVFLSOLQDUL
&UHGLWL
)RUPDWLYL
8QLYHUVLWDUL
&)8
GL EDVH
66' /
/,1
H WXWWL L VHWWRUL
//,1
GHOOD OLQJXD
VWUDQLHUD
SUHVFHOWD SHU
LO FRUVR GL
SHUIH]LRQDPHQWR
(GXFD]LRQH SOXULOLQJXH DQFKH LQ IXQ]LRQH GHL
ODERUDWRUL SUHYLVWL QHOOH DWWLYLWj IRUPDWLYH
FDUDWWHUL]]DQWL
FRQVROLGD JOL DVSHWWL
WHRULFL H PHWRGRORJLFL WUDVYHUVDOL FRQFHUQHQWL
OLQJXLVWLFKH FRQ PHWRGRORJLD &/,/ &RQWHQW DQG
/DQJXDJH,QWHJUDWHG /HDUQLQJ
2JJHWWR GL DSSURIRQGLPHQWR LQ SDUWLFRODUH
VHJXHQWL WHPDWLFKH
D
GLGDWWLFD SOXULOLQJXH
E
4XDGUR &RPXQH (XURSHR GHOOH /LQJXH
&RPSDQLRQ
9ROXPH 
GHO &RQVLJOLR G
(XURSD SULQFLSL H
GHVFULWWRUL
F
SSURFFL FRPXQLFDWLYL H PHWRGRORJLD
LQVHJQDPHQWR OLQJXLVWLFR
G
SULQFLSL EDVH GHOOD PHWRGRORJLD &/,/
H
OLQHH JXLGD SHU OD SURJHWWD]LRQH GL SHUFRUVL
&/,/
I
HOHPHQWL GL EDVH

J
YDOXWD]LRQH H DXWRYDOXWD]LRQH
K
WWLYLWj SHU OD
SURJHWWD]LRQH H OD
UHDOL]]D]LRQH GL
URJUDPPL H SURJHWWL LQWHUQD]LRQDOL SHU DWWLYLWj

'LSDUWLPHQWR SHU LO VLVWHPD HGXFDWLYR GL LVWUX]LRQH H GL IRUPD]LRQH

LQ SUHVHQ]D H YLUWXDOL H7ZLQQLQJ (UDVPXV
SLDWWDIRUPH HXURSHH VFDPEL GL FODVVH HFF
FDUDWWHUL]]DQWL
66' /
/,1
//,1
GHOOD
OLQJXD
VWUDQLHUD
SUHVFHOWD SHU
LO FRUVR GL
SHUIH]LRQDPHQ
66' GHOOH
GLVFLSOLQH GD
YHLFRODUH
'LGDWWLFKH GLVFLSOLQDUL LQ SURVSHWWLYD YHLFRODUH
&/,/
GD FRQGXUUH QHOOD /6 VFHOWD
3URJHWWD]LRQH GL SHUFRUVL GLGDWWLFL &/,/ LQ OLQJXD
VWUDQLHUD
/H DWWLYLWj IRUPDWLYH FDUDWWHUL]]DQWL
KDQQR
IRUPD
SULPDULDPHQWH ODERUDWRULDOH H GHYRQR
SRUWDUH DG
XQD HIIHWWLYD LQWHJUD]LRQH
WUD JOL LQVHJQDPHQWL
LPSDUWLWL
, ODERUDWRUL VYLOXSSDQR OH
FDSDFLWj GL LGHQWLILFDUH
VFHJOLHUH H DGDWWDUH PDWHULDOL H GL UHSHULUH ULVRUVH
WHFQRORJLH
SHUFRUVL GLGDWWLFL FRPSOHWL GHOOH
UHODWLYH IRUPH GL
YDOXWD]LRQH H DXWRYDOXWD]LRQH
, SHUFRUVL GHYRQR SUHYHGHUH LO ULIHULPHQWR DOOH
GLVFLSOLQH GL FXL DOOH,QGLFD]LRQL 1D]LRQDOL H
/LQHH
*XLGD

&)8
GL FXL
DOPHQR 
SURJHWWDWL
HR
UHDOL]]DWL LQ
FRSUHVHQ]D
FRQ GRFHQWL
GHOOH
GLVFLSOLQH
GD YHLFRODUH
$OWUH DWWLYLWj
7LURFLQLR &/,/
3URJHWWR H
FROORTXLR ILQDOH
7LURFLQLR &/,/ GLUHWWR H LQGLUHWWR QHOOD VFXROD
VHFRQGDULD GL SULPR H VHFRQGR JUDGR SUHYHGHQGR
GDOLWj GL ULFHUFD IRUPDWLYD VXOOD GLGDWWLFD

DQFKH D
GLVWDQ]D DG HV RVVHUYD]LRQH GL OH]LRQL DQFKH
VYROWH
 GLVFXVVLRQH GL RVVHUYD]LRQL LQ SUHVHQ]D
D GLVWDQ]D
/H DWWLYLWj SUHYHGRQR
D
SUDWLFD LQ FODVVH
E
SUHSDUD]LRQH GL PDWHULDOL GLGDWWLFL
F
DQDOLVL ULIOHVVLRQH H YDOXWD]LRQH VXOOD SUDWLFD
IRUPDWLYD
,O FROORTXLR ILQDOH YDOXWD OH FDSDFLWj PHWRGRORJLFR

GLGDWWLFKH OLQJXLVWLFKH H GLJLWDOL SDUWHQGR GDO
SURJHWWR SUHGLVSRVWR GDO FRUVLVWD VX DVSHWWL
GL ULVRUVH H VWUXPHQWL GLJLWDOL
 &)8
 &)8
727$/(  &)8
'LSDUWLPHQWR SHU LO VLVWHPD HGXFDWLYR GL LVWUX]LRQH H GL IRUPD]LRQH

PHWRGRORJLD &/,/ QHOOD VFXROD VHFRQGDULD GL SULPR H VHFRQGR JUDGR VRQR LVWLWXLWL QHOOH
8QLYHUVLWj LWDOLDQH
/H FRPSHWHQWL VWUXWWXUH DFFDGHPLFKH SRVVRQR DWWLYDUH FROODERUD]LRQL DFFRUGL FRQYHQ]LRQL DQFKH LQ
PRGDOLWj LQWHU
DWHQHR R FRQ VRJJHWWL HVWHUQL TXDOLILFDWL DO ILQH GL DYYDOHUVL GL
LVWLWX]LRQL H GL SURIHVVLRQDOLWj
VSHFLILFKH SHU OH FRPSHWHQ]H ULFKLHVWH ILQDOL]]DWH DG DVVLFXUDUH L FRQWHQXWL IRUPDWLYL SUHYLVWL SHU OR
VYROJLPHQWR GHOOH DWWLYLWj IRUPDWLYH
$O ILQH GL JDUDQWLUH OD TXDOLWj GHOOD GLPHQVLRQH ODERUDWRULDOH H RSHUDWLYD GHOOD IRUPD]LRQH L ODERUDWRUL
SUHYHGRQR DXOH DQFKH YLUWXDOL FRQ XQ QXPHUR PDVVLPR GL  FRUVLVWL H VRQR WHQXWL GD GRFHQWL R IRUPDWRUL
HVSHUWL FRQ FRPSHWHQ]H H SUHFHGHQWL HVSHULHQ]H GLGDWWLFKH QHOOD PHWRGRORJLD &/,/
,O GRFHQWH IRUPDWR DO WHUPLQH GHO SHUFRUVR
PHWRGRORJLD &/,/ QHOOD VFXROD VHFRQGDULD GL SULPR H VHFRQGR JUDGR GRYUj

SRVVHGHUH FRPSHWHQ]H SHGDJRJLFKH OLQJXLVWLFRFRPXQLFDWLYH H GLGDWWLFKH LQ RWWLFD LQWHUGLVFLSOLQDUH
H LQ YDUL FRQWHVWL GL DSSUHQGLPHQWR

PRGDOLWj &/,/ H
VDSHUOL
DSSOLFDUH QHOOR VSHFLILFR FDPSR GLVFLSOLQDUH

FRQRVFHUH H DWWLYDUH IRUPH GL HGXFD]LRQH OLQJXLVWLFD EDVDWD VX DSSURFFL SOXULOLQJXL LQ RWWLFD
LQWHUGLVFLSOLQDUH WHQHQGR FRQWR GHOOH IDVFH GL HWj GHOOD VFXROD VHFRQGDULD GL SULPR H VHFRQGR JUDGR

FRQRVFHUH H XWLOL]]DUH GLYHUVH VWUDWHJLH H GLGDWWLFKH DGDWWH DQFKH D FRQWHVWL PXOWLOLQJXL

UHSHULUH VFHJOLHUH DGDWWDUH FUHDUH PDWHULDOL H ULVRUVH GLGDWWLFKH SHU RWWLPL]]DUH OD OH]LRQH &/,/
XWLOL]]DQGR DQFKH ULVRUVH H VWUXPHQWL GLJLWDOL

SURJHWWDUH RSHUDWLYDPHQWH L SHUFRUVL UHODWLYL DOOD SURSULD GLVFLSOLQD LQWHJUDWL FRQ OD PHWRGRORJLD
&/,/ WHQHQGR FRQWR GL GLIIHUHQWL FRQWHVWL HGXFDWLYL H GHOOH
,QGLFD]LRQL 1D]LRQDOL 
H GHOOH
,QGLFD]LRQL 1D]LRQDOL
H GHOOH
/LQHH *XLGD
SHU OD VFXROD VHFRQGDULD GL VHFRQGR JUDGR
H IRUPH GL SURJHWWXDOLWj D OLYHOOR LQWHUQD]LRQDOH SHU DWWLYLWj LQ SUHVHQ]D H YLUWXDOL DG HV H
7ZLQQLQJ
3URJHWWL (UDVPXV SLDWWDIRUPH HXURSHH VFDPEL GL FODVVH
,O SURILOR GHO GRFHQWH FRQ IRUPD]LRQH
&/,/ GHOOD VFXROD VHFRQGDULD GL SULPR H VHFRQGR JUDGR q FRVu
FDUDWWHUL]]DWR LQ UHOD]LRQH DJOL DPELWL OLQJXLVWLFR GLVFLSOLQDUH H PHWRGRORJLFRGLGDWWLFR
$PELWR OLQJXLVWLFR
KD FRQVHJXLWR XQD FHUWLILFD]LRQH GL OLYHOOR DOPHQR & QHOOD OLQJXD VWUDQLHUD DUW  FRPPD 
'LSDUWLPHQWR SHU LO VLVWHPD HGXFDWLYR GL LVWUX]LRQH H GL IRUPD]LRQH

KD FRPSHWHQ]H OLQJXLVWLFRFRPXQLFDWLYH DGHJXDWH SHU OD JHVWLRQH GL PDWHULDOL GLVFLSOLQDUL LQ
OLQJXD VWUDQLHUD
KD XQD SDGURQDQ]D GHOOD PLFUROLQJXD GLVFLSOLQDUH OHVVLFR VSHFLILFR WLSRORJLH GL GLVFRUVR JHQHUL
H IRUPH WHVWXDOL
WUDWWD QR]LRQL H FRQFHWWL GLVFLSOLQDUL LQ OLQJXD VWUDQLHUD GL GLVFLSOLQH QRQ
OLQJXLVWLFKH LQ EDVH DL
UHDOL OLYHOOL GL FRPSHWHQ]D OLQJXLVWLFD GHJOL DOOLHYL DJOL VSHFLILFL JUDGL H DL YDUL LQGLUL]]L GL VWXGLR
$PELWR GLVFLSOLQDUH
q LQ JUDGR GL XWLOL]]DUH L VDSHUL GLVFLSOLQDUL LQ
FRHUHQ]D FRQ OD GLPHQVLRQH IRUPDWLYD SURSRVWD
GDL FXUULFROL GHOOH PDWHULH UHODWLYH DO SURSULR JUDGR H LQGLUL]]R GL VWXGLR
q LQ JUDGR GL WUDVSRUUH LQ FKLDYH GLGDWWLFD L VDSHUL GLVFLSOLQDUL LQWHJUDQGR OLQJXD H FRQWHQXWL
$PELWR PHWRGRORJLFRGLGDWWLFR
q LQ JUDGR GL XWLOL]]DUH DSSURFFL FRRSHUDWLYL HVSHULHQ]LDOL H WUDQVGLVFLSOLQDUL FRQ O
DXVLOLR GL
VWUDWHJLH DSSURSULDWH
q LQ JUDGR GL SURJHWWDUH SHUFRUVL &/,/ DQFKH LQ VLQHUJLD FRQ L GRFHQWL GL OLQJXD VWUDQLHUD HR GL
DOWUH GLVFLSOLQH WHQHQGR FRQWR GHOOH,QGLFD]LRQL QD]LRQDOL H GHOOH /LQHH *XLGD
q LQ JUDGR GL UHSHULUH VFHJOLHUH DGDWWDUH H FUHDUH PDWHULDOL H ULVRUVH GLGDWWLFKH LGRQHH DOOD OH]LRQH
&/,/
q LQ JUDGR GL UHDOL]]DUH XQ SHUFRUVR &/,/ LPSLHJDQGR PHWRGRORJLH H VWUDWHJLH IL
QDOL]]DWH D
LQIRUPDWLFKH
q LQ JUDGR GL DWWLYDUH FRQWDWWL H VFDPEL H VYLOXSSDUH SURJHWWL D OLYHOOR LQWHUQD]LRQDOH
q LQ JUDGR GL HODERUDUH H XWLOL]]DUH VLVWHPL H VWU
XPHQWL GL YDOXWD]LRQH FRQGLYLVL H LQWHJUDWL
FRHUHQWL FRQ OD PHWRGRORJLD &/,/
UHTXLVLWR GL DPPLVVLRQH DO FRUVR OD FRQRVFHQ]D FRPSURYDWD GHOOH OLQJXH VWUDQLHUH RJJHWWR GHO FRUVR GL
SHUIH]LRQDPHQWR
GL OLYHOOR SDUL R VXSHULRUH D
% QHOOH DELOLWj VLD ULFHWWLYH VLD SURGXWWLYH DVFROWR
SDUODWRLQWHUD]LRQH OHWWXUD VFULWWXUD GHO 4&(5 6RQR DFFHWWDWH OH DWWHVWD]LRQL GL OLYHOOR % ULODVFLDWH GDJOL
$WHQHL HR OH FHUWLILFD]LRQL GL OLYHOOR % R VXSHULRUH ULODVFLDWH GD (QWL ULFRQRVFLXWL GDO 0LQLVWHUR DL VHQVL
GHO '0  GHO  PDU]R  H VVPPLL
, GRFHQWL GL 'LVFLSOLQH 1RQ /LQJXLVWLFKH '1/ GHOOD VFXROD VHFRQGDULD GL SULPR H GL VHFRQGR JUDGR FKH
KDQQR GLFKLDUDWR OD SURSULD GLVSRQLELOLWj D SDUWHFLSDUH DL FRUVL GL SHUIH]LRQDPHQWR VRQR VHJQDODWL GDOOH
 DO FRPSHWHQWH 8IILFLR 6FRODVWLFR 5HJLRQDOH
/D VHOH]LRQH GHL FRUVLVWL GD SDUWH GHJOL 8IILFL 6FRODVWLFL 5HJLRQDOL VX VHJQDOD]LRQH GHOOH LVWLWX]LRQL
VFRODVWLFKH DYYLHQH WUDPLWH
'LSDUWLPHQWR SHU LO VLVWHPD HGXFDWLYR GL LVWUX]LRQH H GL IRUPD]LRQH

D
VFRODVWLFKH
E
YDOXWD]LRQH GL
DOPHQR  RUH FLDVFXQR
F
YDOXWD]LRQH GL
DWWHVWDWLFHUWLILFD]LRQL GL FRPSHWHQ]D OLQJXLVWLFRFRPXQLFDWLYD GL OLYHOOR VXSHULRUH D %
*OL HOHQFKL GHL FRUVLVWL VHOH]LRQDWL GLVWLQWL SHU VFXROD VHFRQGDULD GL SULPR H GL VHFRQGR JUDGR VDUDQQR
WUDVPHVVL GDJOL 8IILFL 6FRODVWLFL 5HJLRQDOL