Coster Group releases Sustainability Report 2022
Guided by sustainable principles, the company continued to pursue its goals in 2022 as well to strengthen itself in social, environmental and governance areas.
Coster adopted precise, measurable and reproducible key performance indicators (KPIs) to issue the document in compliance with the 2022 consolidate version of GRI Standards and followed the Core option.
Collaboration with suppliers, partners, and customers once again has been crucial in the company's path of continued growth, said Coster.
The company's innovation and sustainability departments kept working to design sustainable yet efficient solutions. In 2022 Coster obtained new certifications related to: quality management, chain of custody in terms of a mass balance approach, environmental management systems, and good manufacturing practices.
The Group’s commitment to climate change continued to be consistent with several actions, including:
• the 83% of energy purchased in 2022 at corporate level came from renewable sources;
• CO2 emissions have reduced by 80% from 2018 to 2022 (Scopes 1 and 2 market-based);
• waste generation has decreased by 4% and waste disposal to landfill has reduced by 3% compared to 2021;
• 2,54 GWh of energy consumption has been saved thanks to the implementation of 25 energy efficiency initiatives.
The new sustainability roadmap supported Coster in achieving some important results in 2022 - including the Platinum Medal awarded by EcoVadis, the membership in the Ellen MacArthur Foundation, and the many awarded innovations.
From an ethical and social point of view, 2022 was the year of the launch of CosterCares, the programme that takes care of Coster employees and local communities by leveraging cultural, educational and economic measures.
The three macro areas on which the entire programme is built are:
• employee welfare, development and retention;
• diversity, equal opportunities and inclusion;
• partnerships with local communities.
On top of the various activities: Coster Academy, volunteering and family days, Well-Being seminars and vocational guidance for employees’ children.
Among Coster's strategies is also the sustainable procurement programme, part of which the “Joining Forces with Suppliers” initiative was launched in 2022 to promote collaboration and growth on corporate social responsibility issues.
“The sustainability report is a very powerful tool to share the commitment to a solid present and a better future, said Andrea Raineri, Coster chief innovation & sustainability officer. "Again, this year it would not have been possible to complete the document without the contribution of all Coster people.
"We are a medium-sized company but our effort to ensure a safe, healthy and socially liveable environment is really great. We can be satisfied with the results achieved and will continue to pursue our goals with dedication.”
The roadmap for 2023-2030 is ambitious, as the Group is committed to realising the main targets detailed in its corporate strategy.
These include zero waste to landfill, 100% green energy, carbon neutrality (Scopes 1-2), the deployment of the sustainable product development strategy and the full accomplishment of the CosterCares and sustainable procurement programmes