The new Sustainability Report is online
More and more companies around the world are focusing on ESG themes. But very few of them really make sustainability part of who they are. As a matter of fact, our Group has made ESG and circular economy innovation the core of the company's values, the engine of its business growth, the key to risk mitigation.
We pride ourselves on making products that change the world. Prada, Gucci and Burberry are just few of the brands that have chosen our flagship product branded ECONYL®, a special type of Nylon made from regenerated waste materials (like old carpets, fishing nets, industrial fabrics), which has a way lower environmental impact in terms of CO2 emissions and a much higher growth rate than traditional fibres. Given its unique features, ECONYL® puts our company at the forefront of the circular economy revolution in textiles.
Our ESG efforts have not been limited to circular economy innovation. Aquafil has always had a 360-degree commitment to sustainability, considering not only environmental but also social and governance aspects. Since 2008, we have formalised our commitments in our ECO PLEDGE®, a set of five principles that inspire all the Group's activities:
1. Rethinking products in a circular perspective
2. Protecting the environment
3. Sharing responsibilities throughout the value chains
4. Caring for the well-being of individuals
5. Supporting the local communities.
In the first chapter of this report, we deep dive into our values, our story, our achievements; we introduce our new brand manifesto; we explain why ECONYL® represents not only our proudest achievement but also our source of competitive advantage; we show how our economic performance and sustainability efforts are profoundly intertwined.
In the second chapter, we take a closer look at each pillar of our ECO PLEDGE® individually, exploring our sustainability initiatives, past results and future goals.
In the third chapter, we explain how we deliver on our commitments and conduct business ethically, touching upon our robust ESG governance structure, our Code of Conduct and Whistleblowing System, our pursuit of voluntary third-party certifications that attest our adherence to the highest environmental, social and quality standards.
Read more in our Sustainability Report 2021.