The Group was awarded the Platinum Medal by the international ESG rating agency Ecovadis, which annually examines 75,000 companies of all sizes and from 200 manufacturing sectors around the world, evaluating their operations and management systems from the standpoint of environmental care and social responsibility.
This result places the Group in the top 1% of companies in the same industry worldwide for ESG performance. The company was awarded Ecovadis Gold recognition nine months ago.
Fedrigoni achieved the ambitious score of 85/100, but on environmental impact reduction policies the rating even rose to 100/100.
Several factors influenced the latter score: transparent communication of targets and results, including emission reduction, endorsed by the Science Based Target Initiative, water consumption and waste management; a clear action plan to achieve the 2030 targets, and widespread accountability of all managers in the company by tying a significant portion of MBOs1 to the achievement of ESG targets.
The company has chosen a concrete and measurable approach that includes a path of continuous, uninterrupted improvement. The results as of May 2022 confirm the positive trend: waste recovered from a circular perspective and not sent to landfill has risen to 89% (from 84% at the end of 2021), and suppliers selected according to ESG criteria have risen to 88% (from 81% at the end of 2021), an increase of 100% in the last 12 months (44% in May 2021), moving closer to the 2030 target of 95%.