Coster Group released today its Sustainability Report 2022, which follows the path of transparency and stakeholder engagement undertaken in 2017. Guided by its purpose, the company continued to pursue its goals in 2022 as well to strengthen itself in social, environmental and governance areas. Coster adopted precise, measurable and reproducible key performance indicators (KPIs) to issue the document in compliance with the 2022 consolidate version of GRI Standards and followed the Core option. Collaboration with suppliers, partners, and customers once again has been crucial in the company's path of continued growth.
The innovation and sustainability departments kept working to design sustainable yet efficient solutions. In 2022 Coster obtained new certifications related to: quality management, chain of custody in terms of a mass balance approach, environmental management systems, and good manufacturing practices. The Group’s
commitment to climate change continued to be consistent with several actions:
• the 83% of energy purchased in 2022 at corporate level came from renewable sources
• CO2 emissions have reduced by 80% from 2018 to 2022 (Scopes 1 and 2 market-based)
• waste generation has decreased by 4% and waste disposal to landfill has reduced by 3% compared to 2021
• 2,54 GWh of energy consumption has been saved thanks to the implementation of 25 energy efficiency initiatives
Supported by the new sustainability roadmap, Coster achieved some important results in 2022, as evidenced by the Platinum Medal awarded by EcoVadis, the membership in the Ellen MacArthur Foundation, and the many awarded innovations. From an ethical and social point of view, 2022 was the year of the launch of CosterCares, the program that takes care of Coster employees and local communities by leveraging cultural, educational and economic measures. The three macro areas on which the entire program is built are:
• employee welfare, development and retention
• diversity, equal opportunities and inclusion
• partnerships with local communities
On top of the various activities: Coster Academy, volunteering and family days, Well-Being seminars and vocational guidance for employees’ children.
Among Coster's strategies is also the sustainable procurement program, part of which the “Joining Forces with Suppliers” initiative was launched in 2022 to promote collaboration and growth on corporate social responsibility issues.
“The sustainability report is a very powerful tool to share the commitment to a solid present and a better future. Again, this year it would not have been possible to complete the document without the contribution of all Coster people. We are a medium-sized company but our effort to ensure a safe, healthy and socially liveable environment is really great. We can be satisfied with the results achieved and will continue to pursue our goals with dedication.” States Andrea Raineri, Coster Chief Innovation & Sustainability Officer.
The roadmap for 2023-2030 is very ambitious, in fact the Group is commited to realise the main targets set in the corporate strategy, such as: zero waste to landfill, 100% green energy, carbon neutrality (Scopes 1-2), the deployment of the sustainable product development strategy and the full accomplishment of the CosterCares and sustainable procurement programs.
