ESG Rating
Social reports, sustainability indexes, policies, certifications: for a responsible company, these tools are helpful to “do” as well as to gather information about its sustainability in a transparent way. For this reason responsible businesses are called upon to adopt increasingly sophisticated reporting methods.
The sustainability rating, also known as ESG (Environmental, Social, Governance), is an extra-financial measurement that takes into account the real impacts that environmental and social factors generate inside and outside the company in its process of creating the value.
Sofidel deeply believes that a strong ESG proposition helps create long-term shared added value. In its journey from “shareholder company” to “stakeholder company” Sofidel intends to invest more and more in ESG reporting, which it now considers to be an essential competitive lever.
The Group has positioned itself in the Leadership band of the Climate Change 2023 and Forests 2023 ratings by Carbon Disclosure Project (CDP)
Sofidel is, with the A- rating, in the Leadership bracket of the CDP Supplier Engagement Rating Report 2023 for the involvement of its suppliers in the fight against climate change.
In 2022 the Group has been awarded the Ecovadis Gold award for its approach to sustainability.
In 2023 the Group received by Morningstar Sustainalytics a score of 14.4 placing it in the “Low Risk” category, and was again confirmed as number one in its target industry, Household Products: 105 companies including not only tissue paper, but also household cleaning and personal hygiene products.
The rating states that the overall risk management capacity* is higher than the industry average (75% vs. 35%). The material topics on which Sofidel excelled include Land Use – Biodiversity and Business Ethics.
*The figure is for risks that can be managed, excluding the small percentage of unmanageable risk (4%).