Fiber Bidco S.p.A.
Climate Impact & Sustainability Data (2021, 2022)
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- Reduced CO₂ emissions by 1.5% in absolute terms despite a 5% volume increase.
- Achieved 86% waste recovery (compared to 80% in 2019).
- Returned 97% of clean water to the environment (compared to 92% in 2020).
Social Achievements
- Reduced injury frequency rate by 32% (from 21 to 7).
- Increased percentage of women in managerial positions to 25% (from 22% in 2020).
- 100% of employees involved in individual development conversations (compared to 9% in 2020).
Governance Achievements
- Joined the UN Global Compact and Science Based Targets initiative.
- Received a Gold rating from EcoVadis.
- Implemented a structured, integrated risk management system aligned with TCFD guidelines.
Climate Goals & Targets
- Achieve carbon neutrality by 2050.
- Reduce CO₂ emissions by 30% by 2030.
- Achieve 100% waste recovery by 2030.
- Return 95% clean water to the environment by 2030.
- Achieve zero cases of water pollution by 2030.
- Achieve 95% of suppliers qualified according to ESG criteria by 2030.
- Reduce injury frequency rate by 67% by 2030.
- Increase percentage of women in managerial positions to 30% by 2030.
- Achieve 100% training on the code of ethics by 2030.
- Increase employee NPS by 50 by 2030.
- Achieve Platinum EcoVadis rating by 2030.
- Reduce water consumption by unspecified amount.
Environmental Challenges
- Reducing CO₂ emissions.
- Waste recovery.
- Increasing customer focus on sustainable products.
- Monitoring and adapting to regulatory changes in terms of ESG.
- Managing extreme weather events and natural disasters.
- Shortage of raw materials and general increase in costs.
Mitigation Strategies
- Implemented preventive operations across the supply chain.
- Improved planning of purchases and diversification of suppliers.
- Implemented careful management of stocks and constant monitoring of transport.
- Developed alternative sourcing strategies.
- Adopted a medium-term strategy by 2030 (-30% absolute CO₂ emissions Scope 1 + 2) and a long-term strategy by 2050 (carbon neutrality).
- Developed the first Physical Risk mapping related to climate change for production sites.
- Implemented Ecovadis Platform for supplier assessment.
Supply Chain Management
Supplier Audits: 81% of expenditures have a valid sustainability score in 2021 (target 95% by 2030)
Responsible Procurement
- Supplier Code of Conduct
- Revised General Purchasing Conditions
- New Strategic Sourcing Process
- Ecovadis Platform
- Group Sourcing Policy
Climate-Related Risks & Opportunities
Physical Risks
- Heat waves
- Floods
- Water stress
- Earthquakes
- Fires
- Hurricanes and typhoons
- Sea level rise
Transition Risks
- Regulatory changes
- Market shifts
Opportunities
- Development of energy-efficient products
Reporting Standards
Frameworks Used: GRI Standards (core option)
Certifications: FSC, EU Ecolabel, Re-made in Italy, BRC, ISO 14001, ISO 45001, ISO 50001, UNE 166002, ISO 22000, ISCC PLUS, ISO 9001
Third-party Assurance: Deloitte & Touche S.p.A. (limited assurance)
UN Sustainable Development Goals
- Not disclosed
Sustainable Products & Innovation
- Paper Snap
- Materia Viva paper collection
- Core linerless solutions
- RIMove
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- CO₂ emissions reduction
- Water consumption reduction
- Waste management
- Sustainable product innovation
- Workplace injury reduction
- Inclusive work environment
- Community collaboration
Environmental Achievements
- Reduced absolute CO₂ emissions by 2.2% despite a 15% increase in production volume (compared to 2019)
- Achieved 89% waste recovery (86% in 2021)
- Reduced Scope 2 emissions by 66% in 2022 due to renewable electricity purchase
- Returned 94.4% of withdrawn water
Social Achievements
- Reduced injury frequency rate by 37% since 2020
- Increased percentage of women in managerial positions to 25.48% (25.06% in 2021)
- Launched a new people promise: "Discover Extraordinary Every Day"
- Trained 40% of employees on the Code of Ethics
Governance Achievements
- Updated Organization, Management, and Control Models in 2021-2022 according to Italian Legislative Decree No. 231/2001
- CEO's compensation linked to ESG targets (up to 100% of fixed compensation)
- No breaches of the Code of Ethics recorded in 2022
Climate Goals & Targets
- Achieve carbon neutrality by 2050
- Reduce absolute Scope 1 and 2 GHG emissions by 30% by 2030 (from 2019 baseline)
- Reduce absolute Scope 3 GHG emissions from fuel and energy-related activities by 30% by 2030 (from 2019 baseline)
- 90% of suppliers by spend to have science-based targets by 2027
- Reduce freshwater withdrawal by 10% by 2030
- 100% of products designed for optimal end-of-life recycling and recovery by 2030
- Reduce NOx emissions by 10% by 2030
- Achieve an employee NPS in the top 5% of manufacturing companies and top 10% cross-sector by 2030
- Reduce total injury frequency rate to 3 by 2030
Environmental Challenges
- Macroeconomic and geopolitical instability
- Supply chain challenges
- Health and safety issues
- IT management and cybersecurity
- Integration and organizational transformation
- People attraction and talent mobility
- Energy and raw material shortages and price increases
- CO₂ emission reduction and energy transition
Mitigation Strategies
- Sourcing new suppliers and alternative materials
- Recovery plans for gas rationing
- Hedging policies
- HSE policy and procedures, staff training
- Machines equipped with safety features
- Roadmap for emission reduction
- Resource efficiency and low-carbon technologies
- HR roadmap for enhanced people experience
- IDE initiatives
Supply Chain Management
Supplier Audits: 4 ethical audits covering 18% of direct material expenditure in 2022
Responsible Procurement
- Supplier code of conduct
- Sourcing policy
- Ecovadis platform for ESG assessment
- Green sourcing initiatives
Climate-Related Risks & Opportunities
Physical Risks
- Heat waves
- Floods
- Water stress
- Fires
Transition Risks
- Energy and raw material price volatility
- Regulatory changes
- Market shifts
Opportunities
- Development of energy-efficient products
- Renewable energy adoption
Reporting Standards
Frameworks Used: GRI Standards
Certifications: EcoVadis Platinum, FSC® COC and CW, ISO 14001, ISO 45001, ISO 50001
Third-party Assurance: Deloitte & Touche S.p.A.
UN Sustainable Development Goals
- Goal 7 (Affordable and clean energy)
- Goal 12 (Responsible consumption and production)
- Goal 13 (Climate action)
- Goal 15 (Life on land)
Initiatives contribute to these goals through emission reduction, sustainable procurement, waste reduction, and biodiversity protection.
Sustainable Products & Innovation
- Materia Viva II paper collections
- éclose thermoformed cellulose solution
- LinerLess RIMove and RePlay labels
Awards & Recognition
- EcoVadis Platinum Sustainability Rating