RadiciGroup’s Sustainability Report reaches an important milestone this year: in fact, twenty years have passed since, in 2004, the Group published its first Social Report, qualifying it as one of the pioneering companies in the implementation of non-financial reporting on a voluntary basis. The document measures achievements and actions taken onreducing environmental impact and respecting social values, as well as good business management practices.
Over the years, the Report has steadily evolved and is now a true sustainability report that considers all ESG (Environment, Social and Governance) aspects, showing how they are also central to the company’s business strategy. Over time, many new topics have entered the reporting as of right, the accuracy of the data has improved, and the scope has expanded to include all Group companies: more than 30 sites located in Asia, the Americas, and Europe.
“Over these two decades, the Sustainability Report has been a benchmark for developing our Group’s sustainable approach. Indeed, measuring has been the first step to knowing, knowing has been the first step to deciding how to improve every day,” comments Angelo Radici, President of RadiciGroup. “The Sustainability Report has made it possible, year after year, to return a detailed overview of the strategies and actions undertaken by RadiciGroup to reduce its impacts and seize the opportunities that optimal management of environmental, social and governance aspects can offer. Today it constitutes a real added value that fuels the Group’s reputation among all stakeholders. Of course, our journey continues: in fact, we are preparing for the mandatory reporting required by the European CSRD directive.”
The information contained in the Sustainability Report highlights RadiciGroup’s strong commitment starting with the investments made:
– €278 million has been allocated between 2019 and 2023 to support the competitiveness of Group companies, including €45 million in 2023 alone;
– environmental investments made in 2023 and earmarked for the introduction of Best Available Techniques and performance efficiency reached €4.2 million.
Twenty years of reporting have also allowed RadiciGroup to measure the results of the investments implemented, so much so that in 2023 it has already achieved the first goal of its Roadmap to 2030 “From Earth to Earth” that is, a Group-wide reduction of 83% in direct CO2 equivalent emissions compared to 2011. “For the abatement of these emissions ,” Angelo Radici points out, “we have implemented in the Specialty Chemicals area alone a multi-year investment plan of more than 12 million euros that has enabled us, step by step, to drastically reduce our environmental impact.
The numbers in brief:
– In 2023 environmental investments of €4.2 million
– In the five-year period 2019-2023 €278 million allocated for the competitiveness of Group companies, including €45 million in 2023 alone
– Direct CO2 emissions decreased by 83% between 2011 and 2023
– 59% of electricity used comes from renewable sources