“CLEAN LIVING” AND OUR BUSINESS VISION

“CLEAN LIVING” AND OUR BUSINESS VISION

We believe companies have a social and environmental impact beyond the scope of their business. That is why we want to commit ourselves not only to transforming the way we produce, but to influence the entire ecosystem in which we are embedded. We have set science-based targets and work with our business partners to help overcome the most pressing challenges of the world.

The way we work is based on three elements: the product, environment and people.

For Sofidel, being sustainable means working to reduce the impact on natural capital and to slow down the depletion of resources. This is done through a business strategy based on ethical and transparent values, by spreading culture on environmental respect and protection and by committing to the generation of strong and long-lasting relationships throughout the value chain and according to principles of trust and cooperation.

Purpose

We believe companies today must pursue a new form of commitment and integrity. Companies, alongside institutions, must have an active role in safeguarding our common home and in conveying the values, responsibilities and respect our world demands to the future generations. Our purpose, or response to this call to action for the future, is based on these reflections.

For everyday needs. For a healthier planet. For integrity and respect.

Introduction of double materiality

The materiality analysis process allows to identify the most relevant topics for the company and its stakeholders. In this regard, Sofidel has opened an active dialog with its stakeholders based on values of transparency, trust and consensus in the decision-making process.

In 2022, we decided to update our materiality matrix on the basis of the regulatory changes expected in the short term. The new European Corporate Sustainability Reporting Directive (CSRD), which will become effective for Sofidel starting from the 2025 financial year, has introduced the double materiality concept: a combination of financial materiality and impact materiality.

According to double materiality, reporting means assessing both the environmental, economic and social impacts (inside-out perspective) generated by the company and what is relevant or could be a source of risk or opportunity for the business (outside-in perspective). The new directive thus intends to treat the sustainability information in the same way as financial information with the aim of improving its quality and consistency and of directing the flow of capital towards sustainable activities to contribute to the transition towards an ethical and inclusive economic-financial system.

PROJECTS

PROJECTS