15 January 2023
Maccaferri launches an ESG project to measure sustainability performance
The ESG Assessment was launched in April 2022, involving a sample of 30 Group companies.
To further integrate sustainability principles into the business, over the past few months Maccaferri has launched an ESG Assessment (Environment, Social and Governance) to evaluate the company’s level of maturity on sustainability performance and to draw up an action plan to outline strategies aimed at improving in this field.
The ESG Assessment was launched in April 2022, involving a sample of 30 Group companies. A selected sample was presented with a questionnaire made up of many questions aimed at investigating the maturity of Maccaferri’s sustainability practices from within. The questionnaire provides an essential starting point that will enable management to understand what activities to put into practice to enhance the company’s compliance with ESG benchmarks. At the same time, feedback was very positive: indeed, group companies have acknowledged the sustainability traits of Maccaferri’s offering and its business strategy.
As part of its effort to integrate environmental, health and safety practices, Maccaferri has also carried out an EHS Focus (Environment, Health, Safety) on three plants to check their compliance with relevant regulations. While the aim of this activity was distinct from the ESG Assessment, it helped the Group identify some specific recommendations in the “Occupational Health and Safety” field to implement in the near future.
Lastly, Maccaferri has launched an ESG Benchmark Analysis to review the public ESG records of a sample of ten competitors so as to identify the most recurring ESG issues and then take into account which are the most relevant ones for the target industry. Through this analysis, Maccaferri can compare itself not only against industry leaders, but also against smaller, less well-resourced companies using innovative or creative approaches. By benchmarking the programs, policies, and processes implemented by its competitors, Maccaferri will also be able to gauge the significance and impact of its choices to address key ESG exposure issues and to enhance the management team’s oversight of emerging ESG risks.
As a result of this survey, Maccaferri drew up a sound Action Plan with significant ESG improvement actions, based on both the benchmark results and the materiality of the issue. Within the plan, 18 recommendations were included with a different scale of priority: namely, 4 in the “Environment” area, 9 in the “Social” area, which includes “Human Resources” and “Occupational Health and Safety,” and 5 in the “Governance” area.
Indeed, the Action Plan marks an important first step along a path to build Maccaferri’s position as a player in the civil and environmental engineering field with a marked sustainable focus.