ESG
Our efforts have not been limited to rethinking products in a circular perspective. Aquafil has always had a holistic approach towards sustainability, which extends beyond circular product design to encompass social and governance aspects too.
Our ESG achievements in 2023
2023 was an outstanding year for our Group, both in terms of economic performance and ESG achievements.
Environment
• Approval of Environmental Policy
• Reporting of Scope 3 emissions
• ISO standard 4484-2 on microplastics development, validation and emissions.
• Climate Change Risk and Vulnerability Assessment
• Biodiversity Impact Assessment
• Reporting of Scope 3 emissions
• ISO standard 4484-2 on microplastics development, validation and emissions.
• Climate Change Risk and Vulnerability Assessment
• Biodiversity Impact Assessment
Social
• Definition of DE&I Policy
• Approval of Human Rights Policy
• Approval of Green Procurement Policy
• 45 thousand hours of training (+35% compared to 2022)
• Launch of the Talent Management project
• Approval of Human Rights Policy
• Approval of Green Procurement Policy
• 45 thousand hours of training (+35% compared to 2022)
• Launch of the Talent Management project
Governance
• Approval of the new ESG Policy
• Establishment of an ESG Committee
• New remuneration and incentives policy with ESG parameters
• Anti-Corruption policy
• Updating of the Code of Conduct and Whistleblowing Procedure
• Establishment of an ESG Committee
• New remuneration and incentives policy with ESG parameters
• Anti-Corruption policy
• Updating of the Code of Conduct and Whistleblowing Procedure
Materiality analysis
Materiality analysis aims to identify the main impacts generated by the Group on the economy, environment, society and human rights, considering those which are positive and negative, actual and potential, short-term and long-term.
In 2023 Aquafil chose to update the analysis to reflect changes in the internal and external context, and to align the methodology with the guidelines provided by the new GRI Standards.
In 2023 Aquafil chose to update the analysis to reflect changes in the internal and external context, and to align the methodology with the guidelines provided by the new GRI Standards.
The new methodology adopts a bottom-up approach: it starts from the identification and evaluation of individual impacts (e.g., the presence and number of accidents at work, energy consumed, etc.) and then groups them into macro-themes. The material issues emerging from this new approach are the same as those identified in previous years, confirming the validity of the evaluations already carried out.
Our Sustainability Web Tool for ESG Data Collection
Since 2012, we have implemented a customised software platform that facilitates standardised data collection among all the Group’s production plants. Aquafil uses this “Sustainability Web Tool” to keep track of both social (HR, work safety) and environmental (energy consumption, CO2 emissions, waste, water) KPIs. Each facility collects and inputs information into the system on a monthly or by-yearly basis, depending on the indicators.
Our Agenda 2030
For each of our 5 ECO PLEDGE® guiding principles, we have defined forward-looking objectives identifying improvement areas and launched a series of projects to reach them.
2024
Promoting education on environmental protection by supporting local cultural and sports associations and contributing to the training of the young generations
Social
2024
Helping vulnerable categories
Social
2025
Consolidating existing supply chains
Environment
Consolidating existing supply chains
2025
Environment
- Generate 60% of turnover of ECONYL® branded and/or regenerated products out of total fiber
turnover (with the same scope) - Involve 60% of BCF (carpet nylon 6) EMEA customers in the post-industrial Take-Back program
2025
Creating new circular sustainable supply chains
Environment
Creating new circular sustainable supply chains
2025
Environment
- Collect 35,000 tons of post-consumer waste for the creation of new recycled materials
2025
Implementing the eco-design approach
Environment
Implementing the eco-design approach
2025
Environment
- Start 13 projects involving final brands in eco-design and recycling of end-of-life garments
- Born R2R (Born Regenerated to be Regenerable by Aquafil) first phase: sign an MoU (Memorandum of Understanding) with 50% of selected carpet and rug manufacturers, to design products intended to be recyclable at end of life and made with recycled material (ECONYL® nylon)
2025
Mitigating the impact of production processes
Environment
Mitigating the impact of production processes
2025
Environment
- Certify all plants within the Group as ISO 14001 (environmental management)
- Certify all plants within the Group as ISO 50001 (energy management)
- Enrolling the Group in the Science Based Targets (SBTs) initiative and subscribing to greenhouse gas emission reduction targets
2025
Reducing waste by reusing packaging
Environment
Reducing waste by reusing packaging
2025
Environment
- Recover pallets used for product transport, and achieve 50% re-usage of pallets for the BCF EMEA business
- Certify all plants within the Group as ISO 45001 (risk management)
2025
Achieving equal representation of gender at all levels of the company
Social
2025
Supporting staff growth
Social
2025
Improving our Corporate Governance
Governance
Improving our Corporate Governance
2025
Governance
- Develop a top management succession plan
2025
Reducing injuries
Social
2026
Monitoring supplier ethics
Environment
Monitoring supplier ethics
2026
Environment
- Monitor our main suppliers along the supply chain – through audits and/or due diligence – also in compliance with the European Supply Chain Act (CSDDD, Corporate Sustainability Due Diligence Directive)
2026
Monitoring supplier ethics
Social
2028
Ensuring respect for fundamental Human Rights in the workplace
Social