The chapter aims to analyze FIAT’s (Fabbrica Italiana Automobili Torino) focus on issues of equity and inclusion toward employees from the earliest years of its history. FIAT is considered an icon of the Italian automotive industry and one of the world’s best-known brands. The chapter is based on the content analysis of FIAT reporting and disclosure. From the earliest years of its history, FIAT paid particular attention to the development of corporate welfare. Indeed, the company was already involved in the provision and development of various services and activities in favor of workers in those years—housing, schools, health management, assistance for retired workers, company canteens, and much more—precisely to strengthen proximity and inclusion. The historical analysis of FIAT’s reporting disclosure reveals clear signs of the company’s focus on the social sphere and the sense of inclusion of employees. The research contributes to the debate to equity and inclusions, providing a historical perspective to better understand the company’s commitment and origins of such topics. This research can help to understand the evolutionary role of large companies in a community and can provide insights for managers on what has been done and what still needs to be done in terms of equity and inclusions so to better take decisions.