Environmental, social and governance impact: ESG criteria are increasingly important in every business and financial sphere.
In fact, one of our main goals is to integrate sustainability issues into all of our business areas, addressing climate change, resource scarcity and social challenges. Not the least of which is the aspiration for concrete well-being for our Co-workers at all times at work and, when possible, outside of work.”
– Fabio Gritti, president and CEO of Grifal Group
Regulatory context
The Corporate Sustainability Reporting Directive (CSRD), which was introduced by the European Union and came into effect on January 5, 2023, requires organizations to adopt increasingly sophisticated methods to measure, manage and communicate their environmental, social and governance impacts with a focus on transparency and accountability in reporting their ESG performance.
In addition, on April 24, 2024, the European Parliament approved the text of the agreement on the new Packaging and Packaging Waste Regulation (PPWR) to reduce packaging waste, ensure the recyclability of packaging placed on the EU market by 2030, and harmonize common market standards.
Our commitment
"Everywhere Protects"
We are sustainable by definition, because of the things we do, because of the way we do them and because that is exactly how we want to do them.
These were the introductory words written in our first publication dedicated to Environmental, Social and Governance issues in 2019,“Towards Sustainability Reporting – Everywhere Protects,” which reported data for 2018.
In September 2023, we are proud to have published our fifth Sustainability Report, produced in partnership with BDO, the first edition at the consolidated Group level. The document is available in the Presentations section, the press release in the Financial Press Releases section.
Grifal "ESG Best in class"
In April 2023, SDA Bocconi School of Management’s REPAiR LAB, in collaboration with CRIF and Ambromobiliare, launched the first ESG Index that makes Italian listed SMEs investable according to sustainability parameters.
The 30 “ESG Best in class” companies listed on Euronext Growth Milan were honored in Milan. Grifal was awarded and placed third in the ranking.
Indeed, being part of the 30 SMEs in the ESG ITA Growth Index means having passed the scrutiny of the analysis of CRIF, an Italian company among the leading market benchmarks for business solvency assessment.
Grifal Sustainability Leader 2024 according to Il Sole 24 Ore
The prestigious business and financial newspaper published its list of the 240 most sustainable Italian companies in 2024, among which Grifal stands out for its excellent environmental, social and governance performance.
Useful links:
- PPWR – Texts approved by the European Parliament on 24/04/2024
- ESG Trend – Wall Street Italy