For the fourth year in a row, the RadiciGroup Sustainability Report has obtained external assurance at the GRI B+ Application Level of conformity to the Sustainability Reporting guidelines (Version 3.1) issued by the Global Reporting Initiative, the most widely accepted global standard for non-financial reporting.

“Our Group looks at sustainability as a lever for development, an opportunity to generate value,” said Angelo Radici, President of RadiciGroup. “For an organization as multifaceted as ours, adopting a sustainable management model is a complex undertaking requiring no small leap in our way of thinking.” 

Substantial and consistent investments

“It is necessary to adopt a long-term vision and make substantial and consistent investments in sustainability,” Mr Radici continued. “We also need new way of producing, distributing, and recovering and regenerating products actually based on a circular economy model.”

“Moreover, I am convinced that industry stands to reap huge benefits and advantages by the transition to a truly circular system, i.e., a regenerative system in which products are designed and produced specifically for recycling and reuse, and where waste and residues are transformed into resources. Sustainability is the road we have decided to take and follow with the utmost determination.”

Investments

According to the report, the company spent EUR 128 million on investments during the 2010-2014 period to support the group’s competitiveness through research and development, product and service innovation, plant and technology maintenance and introduction of the best available technologies (BAT), improvement in production efficiency, improvement in product and service quality, and assurance of employee health and workplace safety.

The company spent EUR 2.5 million on investments in 2014 just for environment and safety. Noteworthy was also the introduction of Best Available Technologies (BAT) in the field of monitoring and reduction of air emissions, work on water treatment facilities, and work on removal of coverings reinforced with asbestos fibre.

Savings

The group achieved a 26% reduction of total direct and indirect greenhouse gas emissions in 2014 compared to 2013. The percentage reduction in total direct emissions amounted to 46%. The percentage reduction in direct emissions in the 2010-2014 period was 78%.

The RadiciGroup’s 2014 energy consumption from renewable resources (mostly hydroelectric energy) resulted in 45.3%, compares to 44.3% in 2013. 63% of water was saved in 2014.

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