- €4.2 million will be spent on environmental projects in 2023.
- €45 million in 2023 alone is part of the €278 million allotted for the Group’s firms’ competitiveness during the five-year period 2019–2023.
- There was an 83% decrease in direct CO2 emissions between 2011 and 2023.
- Renewable energy sources account for 59% of the electricity used.
Bergamo This year marks a significant milestone for the RadiciGroup Sustainability Report: the Group has been one of the first firms to implement voluntary non-financial reporting for twenty years, having issued its inaugural Social Report in 2004. The report evaluates the Group’s accomplishments and the steps it has taken to uphold social values, lessen its environmental effect, and use sound business management techniques.
The report has gradually changed over time to become a true sustainability report that takes into account all ESG (Environment, Social, and Governance) factors and demonstrates how important they are to the company’s business plan. The scope has grown to encompass all Group firms, including more than 30 sites in Asia, the Americas, and Europe, and numerous more issues have been covered over time. Additionally, the data’s accuracy has improved.
“The Sustainability Report has served as a standard for creating our Group’s sustainable strategy for the last 20 years. According to Angelo Radici, President of RadiciGroup, “in reality, measuring was the first step to knowing, and knowing was the first step to deciding how to improve on a daily basis.” Every year, the Sustainability Report offers a thorough summary of the tactics and measures RadiciGroup has done to lessen its effects and take advantage of the opportunities presented by the best possible management of environmental, social, and governance factors. It is now a genuine added value that enhances the Group’s standing with all parties involved. Our journey continues, of course, as we are getting ready for the mandatory reporting mandated by the European CSRD.
Starting with the investments made, the data in the Sustainability Report demonstrates RadiciGroup’s strong commitment:
- €45 million of the €278 million allotted between 2019 and 2023 was used to boost the Group’s enterprises’ competitiveness;
- In 2023, €4.2 million was spent on the environment, specifically for the use of Best Available Techniques and performance efficiency.
The first objective of RadiciGroup’s “From Earth to Earth” Roadmap to 2030—a reduction of 83% in direct CO2 equivalent emissions across the Group as compared to 2011—was already accomplished in 2023 thanks to 20 years of reporting, which has also enabled the company to gauge the impact of its investments. “To reduce our emissions,” Angelo Radici says, “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” .
