2019 Integrated Report

Sofidel Group

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Letter to stakeholders

Sofidel returned to good levels of performance in 2019, in a difficult economic environment that was, however, more favourable than that of 2018.

Emi Stefani President Sofidel Group
Luigi Lazzareschi CEO Sofidel Group
01

Group profile

From its headquarters in Porcari (Lucca), Sofidel coordinates the work of 17 companies in Europe and the United States, with over 6,400 employees, production capacity of 1,308,000 tonnes and net sales of €1,919 million compared to €1,706 million in 2018. Read more

53

Years in business

13

Countries in the world

6,453

Employees

1,919

million euro
Group net sales

492 TJ

Total production of energy from renewable sources

62,187

Hours of training

17

Companies

-17.9 %

Reduction in Carbon Intensity compared to 2009

02

SIGNIFICANT EVENTS DURING THE YEAR

Articles on Sofidel productivity and sustainability

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Sustainable development: 50% reduction in conventional plastics in production by 2030

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Product innovation: more sustainable packaging, range extensions and new products

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The Sofidel paper packs chosen by major european retailers

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Numerous awards for Sofidel products

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New converting lines in Italy and the United States

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WWF EPCI 2019: Sofidel recorded further advances on environmental sustainability and transparency

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Sofidel among the top italian companies for supply chain sustainability

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Energy management systems: Sofidel Romania obtains ISO 50001 certification

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Information security: Sofidel ISO/IEC 27001 certified

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Sustainability

To ensure lasting social and environmental benefits for all stakeholders throughout the value creation chain, Sofidel strives to
minimise its environmental impact and maximise economic and social benefits for the creation of shared value for all its stakeholders.
Sofidel’s sustainable growth strategy is fully in tune with the aim of building an inclusive, sustainable and resilient future for the planet and its population, pursued by the United Nations (UN) through the 17 Sustainable Development Goals (SDGs) included in its 2030 Agenda.

Sustainability strategy

Materiality analysis and dialogue with stakeholders

climate action
affordable and clean energy
good health and well-being
clean water and sanitation
responsible consumption and production
life on land
partnerships for the goals
04

Strategy and businessmodel

The Sofidel Group is now present in 13 countries throughout the world and has reached a production capacity of over a billion tonnes per year.
In the last twenty years the market has undergone a radical transformation, and the Sofidel Group has met the challenges posed by its own growth
in a new and constantly changing context with a careful and measured strategic planning process.
The Group’s business activities have gone through four major strategic growth phases.

1966 - 1990

Phase 1

Creation of a solid production
base in Italy

1990 - 2007

Phase 2

Internationalisation in Europe

2007 - 2015

Phase 3

Acquisitions in Europe

2015 - 2020

Phase 4

Increase in production capacity
in Europe and in the US

05

Group economic and financial performance

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06

Product

The Sofidel Group only produces and markets tissue paper, i.e. the paper used for hygiene and domestic purposes in and outside the home - toilet paper,
all-purpose absorbent paper, paper napkins, paper handkerchiefs, facial tissue, towels, etc.
Group companies oversee the whole production process from manufacture of the tissue and processing through to the finished product.
The whole production chain features constant respect for the principles of sustainability, the basis of the entire Sofidel value creation system.

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Operations

Governance

Sofidel is governed by a Board of Directors (BOD) consisting of members of the controlling families elected by the Shareholders’ Meeting. The BOD currently consists of three men and three women with an age range that extends from 50 to 90... Read more

The environment

Choices and objectives concerning environmental sustainability are the responsibility of the organisation’s main operating body, the Executive Board. This board sets out the main objectives for the next three years, the performance indicators and the priority accorded to the actions required in order to implement these objectives... Read more

Suppliers and the supply chain

The Sofidel Group’s strategic goal is to have a supply chain with no reputational risk. This goal has been broken down into two lines of action:
- the adoption of a sustainable procurement model;
- assessment of supplier sustainability strategies and performance... Read more

08

People

  • Management of human capital
  • Company well-being
  • Staff composition and distribution
  • Types of contract
  • Personnel characteristics
  • Turnover
  • Human rights, protected categories and equal opportunities
  • Pay and incentives
  • Staff training and development
  • Health and safety
  • Industrial relations

Management of human capital

The Sofidel Group’s approach to the management of human resources focuses on the development of its employees and their integration into the company organisational culture, essential elements for the contribution of factors, such as innovation and flexibility, which are increasingly decisive for company competitiveness...

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Market & corporate brands

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Methodological note

The ninth edition of the Sofidel Group’s Integrated Report has been prepared according to specific principles and methodologies set out in the most recent standards published in 2016 by the Global Reporting Initiative (GRI Standards - Core option), integrated, as in the previous reporting year, with the guidelines of the International Integrated Reporting Committee (IIRC), better known as the IR framework.

The GRI Standards represent the main global reference standards for Sustainability Reporting, the disclosure of an organisation’s or an enterprise’s sustainability performance.
This Report has been prepared in accordance with the principles of balance, comparability, accuracy, timeliness, reliability and clarity as required by the GRI.

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