Sofidel and its positive CDP score
In 2018, Sofidel responded to a request by the international non-profit organisation, CDP, to fill in the Climate Change and Forests Timber questionnaires for operations during 2017.
Over 7,000 companies responded to CDP’s invitation to complete the long questionnaires in 2018 and the majority chose to respond regarding climate change. Sofidel was awarded a score of A- for climate and forest management, demonstrating once again its transparency and ability to demonstrate a robust system for assessing and managing its risks associated with these aspects. The previous year’s score remained at B for both indicators. In addition, for a small group of companies that responded to their questionnaires, CDP has drawn up a list of world leaders for supplier engagement on climate change. Sofidel is the only company in the tissue industry to have been recognised as such for the 2018 year.
CDP is an international non-profit organisation present in 50 countries. It provides companies, cities, states and regions with a global system for measuring, disseminating, managing and sharing information about environmental impact, ensuring that financial investors have data that they can use in their decisions. CDP has over 650 institutional investors with a managed value of $87,000 billion. The 2018 research assessed over 7,000 companies worldwide.
Sofidel, one of the world’s leading manufacturers of toilet and household paper, has further improved its performance in the 2018 CDP Report. The Group, known in Italy in particular for the Regina brand, obtained a score of A- in the Climate Change category and A- in the Forests Timber category, in both cases being placed in the highest (Leadership) band in the Report.
Sofidel ranks among the top 7 companies in the Climate Change category for its sector, Paper & Forestry, above the global (C) and European (B-) industry average, and among the top 7 companies in the world in the Forests (Timber) category, above the global (B-) and European (B-) industry average.
In addition to these important forms of recognition, Sofidel has been identified as a global leader in carbon reduction strategies and climate change actions throughout its supply chain. For this reason, it has been rewarded with inclusion in the Supplier Engagement Leader Board under the rating scheme set up by CDP.
Sofidel ranks among the 3% of companies that have been awarded a leadership position in recognition of the actions taken with their suppliers to reduce pollutant emissions and risks related to climate change.
The Supplier Engagement Leader Board ranking was published in the “Global Supply Chain Report 2019”, produced by CDP and Carbon Trust. The research reveals that indirect greenhouse gas emissions, i.e. those from the supply chain, are on average 5.5 times higher than companies’ direct emissions and that in the last decade there has been a radical change in companies’ awareness of this issue as well as in the actions taken to contain the environmental impact of their supply chain.