Sofidel’s sustainability policy stems from a single principle: sustainability is profitable. It is profitable because no economic activity can think of surviving in the medium and long term without minimising its impact on the world, while at the same time maximising the well-being it can generate.
The set of rules lists the 10 main benefits that the Group expects in the medium and long term from its commitment towards sustainability.
Read the Set of 10 Rules
1 – CUT COSTS
Using renewable sources, increasing system efficiency, reducing consumption of energy and environmental resources and limiting polluting emissions are factors that also mean savings when economic efficiency increases.
2 – MOTIVATE PERSONNEL
With the same salary, working for a company with a social and environmental focus is more rewarding. A better and safer working environment also increases trust and team spirit, thereby creating the conditions to achieve a better performance.
3 – APPLY FOR TAX ADVANTAGES
From a fiscal point of view, governments and public institutions penalise more polluting companies by motivating firms that invest to limit their environmental impact and ensure sustainable development with rewarding treatments.
4 – RAISE MARKET STANDARDS
Investment in sustainability helps raise market standards by making it more difficult to resort to unfair competition practices. A useful instrument against so-called social and environmental dumping, an activity through which some companies try to introduce on the market products at lower prices by offering fewer guarantees to employees and not complying with environmental protection regulations.
5 – MEET CONSUMER NEEDS
People are increasingly interested in the environmental resources and consistent behaviour of companies. Their commitment towards sustainability means they can provide adequate resources for these new requirements and needs.
6 – PROVIDE A SOLUTION TO CLIENTS’ NEEDS
Being a sustainable company also means being able to meet the environmental and social criteria that public administrations and clients include in their purchase procedures. In other words, having greater chances of getting supplies and developing solid and long-lasting partnerships.
7 – ANTICIPATE THE STRICTEST REGULATIONS
Sustainability is a powerful cultural drive for technical and organisational innovation to anticipate requirements established by law.
This allows for lower operational risks, better interaction with public authorities and a greater competitive advantage.
8 – INCREASE CREDIBILITY AND TRUST
A company with a sustainable approach is a company that works to ensure it is 100% transparent. Responsibility and transparency are two complementary elements of sustainability that help build credibility and trustworthy relationships.
9 – FACILITATE ACCESS TO CAPITAL
Sustainability indicators and parameters help make access to financial markets easier. A sustainable company is a company that has a competitive advantage when dealing with banks and financial institutions.
10 – STRENGTHEN REPUTATION
The higher the values embodied by companies, the higher the consideration they have from stakeholders. In this sense being committed towards sustainability also means improving reputation, the perception stakeholders have of the company. A good reputation is a fundamental intangible asset that significantly contributes to creating added value for the brand and for the company.