Aquafil Releases 2022 Sustainability Report with Innovative Efforts to Drive Circular Business Practices
CARTERSVILLE, Ga. – April 26, 2023 – The Aquafil Group, a pioneer in the circular economy and a leading manufacturer of synthetic fibers, released its 2022 Sustainability Report, providing transparency into its progress made toward achieving stronger environmental, social and governance standards.
Aquafil is guided by a set of principles that urges the Group to design better to do better, and has led the way for circular practices in the textiles industry such as the development of ECONYL® nylon, made 100% from nylon waste with the ability to be infinitely regenerated without losing quality and performance.
The Group is at the forefront of conscious innovation and works with suppliers and clients to design physically and emotionally durable products that consumers love and the planet does not resent. In 2022 Aquafil explored different pathways to circularity, opening up endless opportunities for the entire industry. These include:
- Starting a pilot project to use ECONYL® filaments for 3D printing, asking clients to recover both waste and their 3D-printed products at the end of their life to be regenerated in the AquafilSLO plant
- Launching the Born Regenerated to be Regenerable (Born R2R) program in the EU market, which aims at engaging clients in the carpet segment to produce fully-disassemblable carpets with materials that are compatible with the ECONYL® Regeneration System.
Additional environmental achievements include:
- Reducing Scope 1 + Scope 2 emissions by an additional 16%
- Recovering 91% of waste through recycling and energy recovery
- Reaching their target of reducing water consumption by 30% three years in advance
- Continuing to use 100% electricity from renewable resources.
“If there is one lesson that we can take from this turbulent year, it is that current challenges should not slow down our sustainability efforts. If anything, they urge us to act faster,” said Giulio Bonazzi, CEO and Chairman of Aquafil. “Aquafil has been forging a path of sustainability for the textile and carpet industries through cutting-edge technology and forward-thinking for over two decades. We hope to continue working with other organizations to radically rethink the way business has been done for a more sustainable future.”
Aquafil does not limit its sustainability efforts to circular economy innovation and recognizes that the challenges facing the environment must be addressed collectively with stronger social and governance standards. In 2022, Aquafil approved a Global Parental Leave Policy for all Group employees and has drafted a Human Rights Policy to ensure the safety and welfare of employees among all its facilities and that of its suppliers and vendors. Aquafil has also expanded its number of certifications, obtaining two more ISO 50001 certifications for Aquafil Arco and Aquafil China, one more ISO 45001 certification for Aquafil China and one more SA8000 certification for Aquafil UK.
Aquafil is a living testimony that breaking the trade-off between profit and purpose is possible. By focusing on rescuing, regenerating and remaking, not only is the Group able to reduce its carbon footprint, but also manage to achieve significant cost savings, mitigate the risk of raw materials shocks, stay ahead of environmental regulation and enhance its brand reputation.
Download and read Aquafil’s 2022 Sustainability Report for further insights into their goals and progress: https://www.aquafil.com/reports/
About Aquafil
The Aquafil Group is a pioneer in the circular economy and a leading manufacturer of synthetic fibers, headquartered in Arco, Italy. In 2011, the ECONYL® Regeneration System was created after years of research and development and a simple idea to turn our waste problem into a solution. ECONYL® nylon empowers designers to create new products, collections and projects without tapping into new resources. It is used by more than 2,500 brands across fashion, carpet, interiors and automotive industries. The Group is present in nine countries and in three different continents, with almost 2,800 employees at 20 facilities located in Italy, Slovenia, United States, China, Croatia, Scotland, Thailand and Japan. For more information, visit: https://www.aquafil.com/ or @Aquafil Group.
