After last November's ESG rating, Sustainalytics assigns Piovan the Industry Top-Rated Badge 2022, confirming its commitment to environmental, social and governance values.
Santa Maria di Sala (VE), 26th January 2022 - The Piovan Group, global leader in the industrial automation sector for the processing of virgin and recycled polymers and bioresins, confirms its commitment to sustainable development with an award. Following the ESG Risk Rating of last November 2021, the company receives the Industry Top Rated 2022 badge, both issued by Sustainalytics, a Morningstar company and leading independent ESG research, rating and data firm that support investors with the development and implementation of responsible investment strategies.
"The achievement of this important recognition - comments Nicola Piovan, Executive Chairman - is evidence of the continuous commitment that the Group dedicates to ESG aspects in the totality of sustainable development. This rating is not the arrival but a stage in the journey.".
ESG (Environmental, Social and Governance) is an indicator that determines the environmental, social and governance impact of companies. The analysis considered aspects of human rights, occupational health and safety, carbon emissions, business ethics, human capital, environmental and social impacts of products and services. The ESG Risk Rating of 21.9, places the Piovan Group in the Medium Risk category, improving by 11.8 points compared to the previous rating (33.7) with the best score in the categories:
- Own carbon dioxide emissions
- Environmental and social impact of products and services
- Occupational health and safety
In the overall Sustainalytics ranking, Piovan is positioned in the 29th percentile with a further improvement in the sub-category of industrial machinery, where Piovan ranks in the 5th percentile. The achievement of the Industry Top Rated status shows how the Group is an excellence in its sector.
"We are satisfied because the rating obtained enhances the peculiarities of the Piovan Group, focusing on low Scope 1 emissions - direct generated by the company -, Scope 2 - indirect generated by the energy purchased and consumed by the company. The company aims to be a global driver in the conversion to a circular economy within the plastics industry." adds Filippo Zuppichin, CEO.
The award confirms the company's commitment to implementing responsible investment strategies. For more details, see the report abstract: https://www.sustainalytics.com/esg-rating/piovan-spa/2002586028.