Monday, July 29, 2024
The 6th Cefla Sustainability Report, referring to the year 2023, has just been released, highlighting the actions taken on Environmental, Social, and Governance (ESG) issues.
Sustainability has become increasingly significant to consumers, the media, businesses, and the EU, aligning with the UN Agenda 2030 goals and the European Green Deal. As a key strategic challenge for corporate improvement, sustainability can generate added value and profitable change.
Attention to the Environment
In May 2023, the issue of climate change became particularly pressing when severe floods hit Emilia-Romagna, affecting no fewer than 200 Cefla employees. The floods caused numerous problems, including interrupted commuter routes, damaged homes and vehicles, and closed schools.
To support the affected employees, Cefla implemented several initiatives. These included granting more work-from-home days and up to 40 hours of paid leave. The company also offered several hours of negative flex-time and allowed employees to request an advance on their severance packages (up to 100%) by waiving the usual legal requirements. Additionally, courtesy cars were made available until the end of 2023, and low-interest loans were granted.
Attention to the People
These initiatives demonstrate Cefla’s commitment to sustainability and employee well-being, underscoring the importance of an integrated, responsible approach to environmental and social undertakings. As Gianmaria Balducci, President of Cefla, stated in his introductory speech to stakeholders, the company’s governance model and mission of “creating value over time” aim to redistribute as much wealth as possible within the communities where they operate and towards their employees. Cefla is committed to creating the best workplaces in terms of comfort and providing the best possible services.
To contribute significantly to the fight against climate change, Cefla has actively implemented energy efficiency solutions at its facilities in Imola. The most significant initiative was the installation of a Fuel Cell system at the headquarters, producing cleaner energy and reducing greenhouse gas emissions and other combustion-related pollutants.
A comparison with data from preceding years shows a reduction in Scope 2 emissions, generating a saving of 22.6 Tonnes of Oil Equivalent (TOE), a 10.5% reduction in ‘location-based’ GHG emissions intensity (Scope 1 + Scope 2), and a 9.6% reduction in ‘market-based’ GHG emissions intensity (i.e., tons of greenhouse gases emitted per million euros of revenues).
Sustainable Governance
Moreover, companies need to become more sustainable to comply with EU regulations and relative member-state laws. For example, the CSRD (Corporate Sustainability Reporting Directive) requires companies to combine financial statements with a sustainability report using the double materiality matrix. This approach allows stakeholders to understand the company’s sustainability impacts and see how such factors influence the company’s development, work, and performance.
Cefla proudly presents its 2023 Sustainability Report, a vital tool for continuous improvement and the planning of an ethical, inclusive, and sustainable future. This shared future aims to meet the needs of the present generation without compromising the opportunities available to future ones.
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Tags: Cefla, Energy efficiency, ESG, sustainability, sustainability report, wood and panel, woodworking, woodworking and manufacturing, woodworking and processing, woodworking industry, woodworking UK
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