2023 SUSTAINABILITY REPORT OVERVIEW
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COFLE: INNOVATION THROUGH SUSTAINABILITY

We follow a path of sustainable growth, develop products and solutions increasingly evolved and environmentally friendly and take particular care of the social dimension of management, as described in our Sustainability Report under the GRI Standards of the Global Reporting Initiative.

COFLE ESG - ENVIRONMENTAL

  • 12,4%  of electricity from renewable sources (2023 vs. 2022)
  • – 15,2 % total energy consumption per revenues (2023 vs. 2022)
  • 97% Raw materials used by recycling (Aluminium and Zamak) [-230 tCO2e issued]
  • 65% of recyclable plastic packaging
  • Only 4,4% dangerous waste generated per revenues in 2023
  • 98,1% of the total waste is destined for recovery
  • -12,3% tCO2e of total greenhouse gas emissions (scope 1, 2, and 3 -2023 vs. 2022)

COFLE Sustainable Development Goals

  • Installation of solar panels at the Pozzo d’Adda plant
  • Installation of electric vehicle charging stations powered by renewable energy sources
  • Study of new packaging to replace the use of plastic for all AM clients
  • Replacement of single-use wooden boxes with reusable plastic boxes (66%)
  • Purchase of GO certificates to increase the share of electricity from renewable sources
  • Scope 3 greenhouse gas emission inventory and redefinition of reporting perimeter

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COFLE ESG - SOCIAL

  • 100% of employees on permanent contracts
  • 35% of hires are under the age of 30
  • 4.360 total hours of training provided (Cofle SpA +26.9% in 2023 vs.2022)
  • Supplier selection and evaluation based on environmental, ethical, and social criteria
  • 90% Cofle SpA suppliers are certified
  • 0% accident rate with serious consequences
  • Projects for local sustainability

COFLE Sustainable Development Goals

  • Pursuing of the prevention project with free medical visits for employees in collaboration with LILT (Italian League for the Fight against Cancer)
  • Increase in the percentage of female presence in the company (with the opening of the new logistics hub)
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COFLE ESG - GOVERNANCE

    • 10% increase in Economic Value Generated (2023 vs 2022)
    • Investments in Research and Development; 8 Patents
    • Corporate Code of Ethics
    • Adoption of “Organizational, Management, and Control Model” pursuant to Legislative Decree No. 231/2001*
    • Integrated Quality and Environment Management System in compliance with UNI EN ISO 9001 and 14001 standards
    • Internal Dealing procedure
    • Procedure for Inside information and the Insider Registry
    • Procedure for Related Party Transactions
    *Model 231 is a fundamental tool for establishing guidelines and procedures aimed at preventing the commission of certain crimes, as well as for promoting a corporate culture based on ethics and compliance with current regulations. Moreover, it provides a mechanism to demonstrate the company’s commitment to the prevention and management of potential violations, helping to protect both the company itself and its interests and stakeholders.

COFLE Sustainable Development Goals

  • Study and inclusion of ESG goals in the remuneration systems of Managers
  • Adoption of the Organizational Model of Management and Control D.Lgs . 231/01
  • Gradual expansion of the sustainability reporting scope to fully cover the Group consolidation.

Cofle