• In 2023, environmental investments of € 4.2 million • In the five-year period 2019-2023, €278 million allocated for the competitiveness of the Group's companies, including €45 million in 2023 alone • Between 2011 and 2023, direct CO2 emissions dropped by 83% • 59% of the electricity used comes from renewable sources
The RadiciGroup Sustainability Report reaches an important milestone this year: twenty years have in fact passed since the Group published its first Social Report in 2004, qualifying it as one of the pioneering companies in the realisation of voluntary non-financial reporting. The document measures the Group’s achievements and the actions it has taken to reduce its environmental impact, respect social values, and implement 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 been covered, the accuracy of the data has improved and the scope has expanded to include all Group companies: over 30 sites across Asia, the Americas and Europe.
"Over the past 20 years, the Sustainability Report has been a benchmark for developing our Group's sustainable approach. Measuring was in fact the first step to knowing, knowing was the first step to deciding how to improve on a daily basis,' comments Angelo Radici, President of RadiciGroup. "Year after year, the Sustainability Report has provided 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 is a true added value that fuels the Group's reputation among all stakeholders. Naturally, our journey continues: we are in fact preparing for the mandatory reporting required by the European CSRD.”
The information contained in the Sustainability Report shows RadiciGroup's strong commitment, starting with the investments made:
· between 2019 and 2023, €278 million were allocated to support the competitiveness of the Group's companies, of which €45 million in 2023 alone;
· the amount invested in the environment 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 it has made, to such an extent that in 2023 it already achieved the first goal of its "From Earth to Earth" Roadmap to 2030, i.e., a Group-wide reduction of 83% in direct CO2 equivalent emissions compared to 2011.
"To reduce our emissions," Angelo Radici explains, "we have implemented a multi-year investment plan of over 12 million euro in the Specialty Chemicals area alone, which has enabled us, step by step, to drastically reduce our environmental impact.
Learn more in the press release
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