Sustainability

Awareness and commitment to balanced and sustainable growth

Environmental
Social
Governance

ESG issues are an excellent opportunity to structure sustainable growth while respecting environmental, social equity and governance values.

Nicola Piovan
Executive President

PiovanGroup sustainability achievements

CONDENSO FINALIST
AT THE PLASTICS RECYCLING AWARDS EUROPE 2024

APPROVAL OF
13 ESG GOALS
in line with the Sustainable Development Goals (SDGs)

43%
of BoD members are
female

Global employee survey
with job satisfaction
for 77% of respondents

71%
of BoD members are
independent

Read the Corporate Sustainability Report

ESG - Environmental sustainability

Plastic is much more recyclable than you think; in fact, many of the plastic polymers can potentially be recycled into new products while minimising environmental pollution.

Plastic has a low environmental impact in the production phase due to its relatively low melting temperature and light weight. It also has a low impact on scarce resources as it derives from processing waste, if virgin, or from recycled material (unlike other packaging, such as paper that can contribute to deforestation).

The Group is increasingly focusing on solutions for the recovery of post-consumer plastic and its processing. We are constantly working with the biggest industry players to offer innovative solutions using recycled or biodegradable plastic.

Plastic can weigh up to 85% less than glass, metal or ceramic equivalents and its production is more efficient limiting greenhouse gas.

Plastics reduce the use of paper as packaging and help to preserve food effectively conserving the planet's resources.

Many plastic polymers can potentially be recycled into new products while minimising environmental pollution.

Recycling and bioplastics

Product Recyclability

Energy Management

EnvironmeNtal policies

Climate Change Mitigation

RECYCLING AND BIOPLASTICS

Our aim is to provide our customers with the best possible technologies so that they can process recycled plastics with the highest quality standards, optimising impacts and offering reliable, high-performance, design products.

PiovanGroup holds 22 patents related to the circular economy.

Since 2006, the Group has supplied equipment and systems for over 350 plants dedicated to recycling plastics or using recycled plastics.

ECO-DESIGN

The Group designs and makes products with an average useful life of 10-15 years and ensures high standards of post-sales service, including a retrofit service that increases a product’s remaining useful life.
Once a machine is decommissioned, it can be dismantled for parts, which are over 85% recyclable.

ENERGY EFFICIENCY

To accelerate the sustainability of our customers, Energys S.r.l., the Group's certified ESCo, offers its customers services and technologies to perform an in-depth analysis of consumption, identifying all potential savings, both energy and economic, within the company.

• 933 EECs sold in 2023
• 8,624 GJ customer savings generated by white certificates

ENVIRONMENTAL POLICIES

Environmental impact management and control system, with a view to continuous effective and sustainable improvement with ISO 14001:2015 certification for the parent company. The performance indicators identified in this area are:
• Energy consumption and related emissions
• Waste management
• Water consumption management

WASTE MANAGEMENT

The amount and type of waste produced by an organisation represent the consequences of activities necessary for production and operations. It is essential to understand where in the value chain this waste is generated in order to better understand its impacts and implement actions to mitigate its effects and to take measures to promote circularity.

During 2023, 1,303 t of waste were collected, of which 1,184 tons were non-hazardous and 118 tons hazardous. 50% of non-hazardous waste was recycled in 2023.

Diversity & Inclusion

TRAINING

SAFETY

WORK LIFE BALANCE

LOCAL COMMUNITIES

Human Resources Development and Protection

DIVERSITY & INCLUSION

PiovanGroup encourages the participation and responsible involvement of its people, also through social dialogue, in order to improve their inclusion and ensure that its values and culture are fully understood.
Respect for the diversity value within the Group and inclusion are principles practised daily by the Group's management and disseminated throughout the organisation.

In addition, the Board of Directors has approved the Diversity Policy aimed at promoting and protecting gender, age and seniority diversity in relation to the bodies in office.

In 2024, 15% of employees are women.

TRAINING

PiovanGroup considers training a strategic resource. The investment in training is therefore not only initial, but is distributed over time, in order to foster professional growth, individual motivation and professionalism to ensure the quality of products and services. Piovan has always believed that the development and sharing of skills are factors that determine the creation of a solid and successful company.

During 2024, 52,808 hours of training were provided by the Group.

SAFETY

The safety and health of the Group's employees are a priority. Creating a safe and comfortable workplace means not only ensuring full compliance with laws and regulations, but also working constantly to develop and keep up-to-date a comprehensive risk analysis and spreading a culture of health and safety.

Confirming its commitment to occupational health and safety, in 2019 the parent company achieved ISO 45001:2018 certification (Occupational Health and Safety Management Systems). During 2023, the Health and Safety Policy was approved at a Group level, which complements the existing policies.

WORK LIFE BALANCE

Piovan S.p.A. has developed a welfare plan that allows employees to improve their work-life balance and to access innovative personnel management policies.

The actions in place are numerous, starting from the flexibility of working hours which allows autonomy in time management, to the granting of various types of part-time.

LOCAL COMMUNITIES

The social commitment of Piovan S.p.A. is based on the concept of the company's responsibility towards the social fabric in which it is inserted and is an expression of the will of the company's top management. The deep connection with the territory translates into a continuous exchange of knowledge and experience, as the performance and success of the company also passes through the welfare of the society in which it operates.

Piovan S.p.A., among other things, contributes to the sponsorship and enhancement of sports and youth activities in the territory.

HUMAN RESOURCES DEVELOPEMENT AND PROTECTION

Approval of 3 goals, related to 11 activities for Training and Diversity & Inclusion, in line with the SDGs Quality Education, Gender Equality, Decent Work and Economic Growth, and Reducing Inequality:
• Developing of Human Capital by fostering internal growth;
• Supporting the development of employees' skills by increasing training hours and extending Academy accessibility to all Group Companies;
• Foster the creation of an inclusive and equal opportunity business environment by increasing minority and female representation in strategic roles and in the workforce.

ESG - Governance

The Company considers an adequate governance structure and an effective control environment to be a fundamental element of its management and organisation, as a set of instruments, processes and bodies necessary and useful to direct, manage and verify corporate operations, with a view to efficient and ethical business practice.

In terms of corporate governance, Piovan S.p.A. has adopted a codified structure, with particular reference to the adoption of the principles set forth in the Corporate Governance Code drawn up by the Corporate Governance Committee of Borsa Italiana.

The corporate bodies that form Piovan S.p.A. governance system are as follows:

board of directors
internal committees
board of statutory auditors
shareholders' meeting
supervisory body.

Board of Directors

Risk Control and Sustainability Committee

Code of Ethics

Business Integrity

ESG Risk Management

BOARD OF DIRECTORS

The Board of Directors is currently composed of 7 members, 5 of whom are non-executive and 5 independent. The Chairman of the Board of Directors has an executive role. In addition to the powers assigned to it by law and the Articles of Association, the Board of Directors has exclusive jurisdiction over the most important decisions both from an economic and strategic point of view and in terms of their structural impact on operations, i.e. those functional to the monitoring and guidance of the Company and the Group.

The composition of the Board of Directors by gender is 57% male and 43% female.

CONTROL AND RISK AND SUSTAINABILITY COMMITTEE

The Group's governance structure includes a Control and Risk and Sustainability Committee composed of three non-executive members, the majority of whom are independent.

The Control and Risk and Sustainability Committee, among other activities, supports and advises the Board of Directors on sustainability issues and evaluates sustainability policies aimed at ensuring the creation of value over time for all other stakeholders in the medium-long term, in accordance with the principles of sustainable development. Furthermore, the Control and Risk and Sustainability Committee evaluates the sustainability guidelines, objectives and consequent processes, and the sustainability reporting submitted annually to the Board of Directors, including, in particular, the Sustainability Report.

CODE OF ETHICS

To clearly define the responsibility and reference values, PiovanGroup has decided to adopt a Code of Ethics, approved by the Board of Directors of the Parent Company and implemented by the subsidiary entities and intended for directors, statutory auditors, management, internal collaborators, as well as all those who permanently or temporarily establish, for any reason, relationships and collaborations with the Company for the pursuit of the corporate objectives.
The principles set out in the Code are aimed at increasing the efficiency of the organisation, directing the addressees towards positive objectives, capable of producing benefits both for those directly concerned and for the reference environment as a whole, through the improvement of internal relations and attention to good reputation.

Through the Code of Ethics, the Group has sought to highlight and disseminate the values that have always accompanied it, such as

correctness
transparency and accessibility of information
diligence and professionalism
valorisation, responsibility of human resources and proper use of company assets
equal opportunities and prohibition of harassment
health and safety at work.

FIGHT AGAINST CORRUPTION

PiovanGroup carries out its business activities in compliance with the values and principles contained in the Code of Ethics, in the belief that business management cannot disregard ethics in both internal and external relationships. In this regard, combating corruption, both active and passive, by rejecting it in any context and in any form, constitutes a concrete commitment for the Group.

PiovanGroup intends to raise awareness on corruption and on how to counter it among its employees, representatives, suppliers, partners and anyone who carries out activities in the name of, on behalf of or under the control of the Group and encourages their responsible involvement in order to strengthen the effectiveness and ethical reputation of PiovanGroup.

ESG RISK MANAGEMENT

The PiovanGroup began in 2019 a journey to develop a risk monitoring and management system by adopting an Enterprise Risk Management based on the CoSO ERM-Integrated Framework. The purpose of the project is to involve business functions in the identification of the main risks, provide an effective tool for their management and monitoring that ensures business conduct consistent with the objectives approved by the Board of Directors.
Within this activity, Internal Audit with the support of the various functions, designed an Enterprise Risk Management ESG that considers in the assessment of identified risks and impacts to the material issues identified in the Stakeholder Engagement.

Sustainability

PiovanGroup sustainability achievements