Sustainability
Objectives
ENVIRONMENT
- Minimize the negative impact and increase positive effects on the environment
- Encourage the efficient use of natural resources and protect the environment
- Sustain a reduction in greenhouse gas emissions that contribute to climate change
SOCIAL
- Treat all employees equally and respect their dignity, wellbeing and diversity
- Assure safe and secure working conditions for employees and third parties
- Safeguard the health and safety of all individuals involved
- Take an active role in developing numerous career paths and guiding personnel in their careers
GOVERNANCE
- Guarantee honesty, integrity, fairness, diligence and respect in all commercial transactions
- Promote international best practices in corporate governance
Implementation
ESG criteria are integrated within all Wise Equity processes, from initial valuations through to disinvestment:
0%
of new investments are subject to a pre-assessment
0%
of portfolio companies are monitored annually on ESG performance
0%
of the Investment Team periodically participates in ESG courses
Based on a portfolio company’s characteristics and sector, an ESG action plan is agreed with each company’s management and implemented over the investment horizon
CASE STUDIES
Alpitour
- Renewal of Neos’ aircraft fleet with the B787: reduced fuel consumption and CO2 emissions by 20% and the acoustic impact by 60%
- Progressive reduction in single-use plastics on Neos aircraft
- Elimination of plastics and reduction in water consumption at the VOI Hotels chain: 1.1 million plastic pieces eliminated in 2019
- GSTC certification at VOI Hotels in Italy to reduce electricity consumption
- Organic and KM 0 menus, with areas dedicated to local products, in all hotels managed in Italy
- Introduction of smart working for employees in central offices – even before the Covid-19 health emergency
- Gender equality: 60% of employees are female
- Activities (especially for children) at the structures pay particular attention to respecting the environment: local marine flora and fauna, recycling
- Partnership with Giunti Scuola to bring sustainability culture to elementary schools: reached over 75 thousand schoolchildren
Imprima
- In 2019 completion of a new plant fully dedicated to digital printing that, today, allows the reuse of 30% of the water consumed in washing. The aim is to further improve water reuse to a minimum target of 60% through a full implementation of a water recycling system
- Group policy provides consumption reduced through a more efficient industrial set-up: consumption of electricity reduced by 30%, waste by 40% and CO2 emissions by 10%
- Support in the COVID-19 health emergency by producing washable filter masks for civilian use: fitted-out plants in Italy and Morocco to produce up to 600,000 pieces per day
- Obtained all the principal sector certifications:
- OEKO-TEX STANDARD 100 – Exclusive use of fabric product suppliers that are certified as NOT using harmful substances
- OCS/GOTS – Fabrics sourced from companies that are sustainable from an environmental and social standpoint
- FSC – Products sourced with proper and sustainable forest management
- EcoVero – Use of eco-sustainable viscous fibers
- Member of the “Better Cotton Initiative” association (a program for sustainable cotton production)
- … in addition to having passed numerous audits conducted by leading clothing retailers
- Gender equality: 33% of the leadership team is represented by women
- Implementation of a Car Policy with one hybrid model per category
NTC
- Annual publication of Value Report and Corporate Presentation with principal annual activities (including ESG)
- Gender equality: 60% of leadership team and 64% of employees are female
- Average of 77 hours of job training for all employees
- Company Welfare and Wellbeing initiatives launched (Counseling, Safe driving, Pilates courses for posture)
- Introduced procedures for ESG, GDPR, Model 231, Code of Ethics, Climate Survey and Customer Surveys
- Obtained ISO 13485 certification, with audits of suppliers and clients for compliance with GMP/GCP/ICH guidelines
- Launched charitable activity at Asilo Mariuccia in Milan: free specialist eye examinations for children in need
Tapì
- Between 2018 and 2019, deep restructuring of Mexican production sites with significant investments unprecedented in the Group history, in order to increase efficiency and effectiveness, at the same time improving working conditions and the environmental impact of the plants
- Maintaining its commitment to energy efficiency and the fight against climate change, in 2020 Tapì Group achieved improvements in the environmental performance of its plants, although registering an increase in production of 7% compared to 2019. In particular, energy intensity fell by 15%, and emissions intensity decreased by 24%
- Development of new products inspired by recyclability and circular economy, such as:
- caps that can be disassembled in plastic parts and wooden parts, for separate waste collection
- caps with heads produced with waste from processing of grapes for spirits or from axes of barrels used in the alcohol aging
- Charitable activities for AMANC, Asociación Mexicana de Ayuda a Niños con Cáncer; support to the Banco de Tapitas initiative (collection and recycling of plastic caps to finance the fight against childhood cancer, while keeping the planet clean)
- In 2020, in the Argentinian plan, introduction of LED lighting and automatic correction software for the “cosine Phi” which allowed to reduce electricity consumption by 10%
- Introduction of the GDPR, Model 231, Code of Ethics and periodic Customers Survey
- Obtaining the following certifications:
- Since 2012, ISO14001 in France
- Since 2017, ISO9001: 2015 in Rossano (Italy
- Since 2018, ISO9001: 2015 in Massanzago (Italy)
- Since 2019, ISO9001: 2015 in Mexico and Argentina; FSSC22000 (food safety) in France
- From 2020, ECOVADIS for the Rossano and Massanzago plants (Italy); since the end of 2020, every plant of Tapì Group is registered in the SEDEX portal
- In 2021, Tapì Group drew up an ESG Action Plan with clear short and medium-term objectives in the environmental, social and governance fields, with the ultimate aim of preparing the first Group Sustainability Report in 2022, on 2021 performance and results