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SICIT GROUP:
SUSTAINALYTICS ASSIGNS THE SUSTAINABILITY RATING
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Because of a 27.8 ESG Danger Ranking rating, SICIT ranks on the planet’s prime 8% of agricultural chemical substances firms
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Sustainalytics assesses SICIT’s ESG Danger Administration as “sturdy” and aligned with “finest apply”
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For many areas the danger is “low” (emissions, effluents and waste; occupational well being and security; human capital; neighborhood relations) or “negligible” (buyer accountability, environmental and social dangers of merchandise, enterprise ethics)
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There aren’t any occasions that will negatively impression stakeholders, the surroundings or the Firm’s operations
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90% of the present threat is manageable and, due to this fact, extremely reducible with appropriate insurance policies
Chiampo (VI), February 14th, 2021 – SICIT Group (the “Firm“), listed on the Italian Equities Market (MTA – STAR section), declares that Sustainalytics Ltd. (“Sustainalytics”), an unbiased chief company that assigns non-financial sustainability scores, assigned the ESG Danger Ranking to the Firm, associated to Environmental, Social and Governance points, with explicit reference to the 2019 Sustainability Report.
This score represents an unbiased evaluation that measure the diploma of adherence to probably the most rigorous institutional and worldwide voluntary tips on sustainability (and associated governance features).
In Sustainalytics’ comparative ESG Danger Scores1, SICIT Group ranks within the prime 18% of one of the best firms throughout the international chemical trade and within the prime 8% of friends throughout the agricultural chemical substances section, reaching a rating of 27.8.
Given SICIT’s enterprise, which is expounded to the processing of animal waste and residues, Sustainalytics charges the corporate’s ESG Danger Publicity doubtlessly “excessive”, however ESG Danger Administration is “sturdy”, as “follows finest apply, signalling sturdy accountability to traders and the general public“.
The “medium” threat areas embrace solely carbon-own operations and company governance. For all different classes, the threat is rated as “low“ (emissions, effluents and waste; occupational well being and security; human capital; neighborhood relations) and even “negligible“ (product governance; E&S impression of product and companies; enterprise ethics). Moreover, there are no occasions that will negatively impression stakeholders, the surroundings or the Firm’s operations. Lastly, the “manageable threat issue” is the same as 90% and due to this fact, in perspective, strongly reducible with appropriate insurance policies, programmes and initiatives.
1 Up to date to February 2021.
Conscious of its function as a market chief and the ensuing tasks, since 2019 the Firm has undertaken a strong and formalised path to strengthen its strategy to sustainability, implementing tasks in every of the three ESG areas, together with:
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– Atmosphere: inexperienced and sustainable merchandise, minimisation of waste and emissions, certifications, elevated use of renewable vitality;
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– Social: emphasis on transparency, legality and correct relations with all stakeholders;
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– Governance: full compliance with all relevant Rules, Codes and finest practices.
Massimo Neresini, CEO of SICIT Group, commented: “The score assigned by Sustainalytics certifies the consistency of the trail undertaken, rating us within the prime positions at international degree amongst agricultural chemical substances firms. This result’s much more essential as a result of it’s primarily primarily based on our first Sustainability Report, which didn’t but clearly present the outcomes achieved, because of the development of firm insurance policies and finest practices. SICIT is an important a part of the round economic system of the tanning trade, and environmental sustainability has all the time been a central theme. In recent times, we now have began a journey to combine ESG rules of their entirety, in order that they may information all future improvement of the Group“.
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The Sustainalytics score is on the market on the Firm’s web site www.sicitgroup.com/en,“Sustainability” part.
Sustainalytics is a number one international supplier of ESG scores, ESG analysis and company governance for traders. Particularly, it assesses an organization’s ESG dangers by means of a two-dimensional materiality framework: the primary dimension, Publicity, measures the diploma of Firm’s publicity to ESG dangers, whereas the second, Administration, measures the administration‘s diploma of ESG dangers. The areas rigorously investigated are: company governance; information privateness and safety; useful resource use; human capital; enterprise ethics; surroundings & social; E&S impression of product and companies.
For additional particulars on the sustainability score methodology see www.sustainalytics.com.
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SICIT Group
Based in 1960 in Chiampo (VI), SICIT was one of many first firms on the planet to introduce protein hydrolysates of animal origin into the world market of biostimulants. The corporate, one of many pioneers of the round economic system, by means of a strategy of hydrolysis of residues from the tanning trade, creates high-added-value merchandise for agriculture (biostimulants) and plaster trade (retardants). Because of a professional group, extremely automated and technological manufacturing vegetation, state-of-the-art laboratories and fixed investments in R&D, SICIT has grow to be a reference operator at worldwide degree, supplying the principle gamers within the agrochemical and industrial sectors.
Since June 2020, the corporate has been listed on the MTA (Italian Equities Market), Star Phase, of Borsa Italiana.
Net: www.sicitgroup.com
LinkedIn: http://bit.ly/32Q1nrc
For additional data:
SICIT Group S.p.A.
By way of Arzignano n. 80 36072 – Chiampo (VI) tel. +39 0444450946 e-mail: info@sicitgroup.com
Investor Relations Matteo Carlotti e-mail: investor.relations@sicitgroup.com
Media Relations
Tornado communications group Federico Nascimben mob.: +39 347 5536979 e-mail: fnascimben@twistergroup.it
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