Coster Group launches Sustainability Report 2020
Calceranica al Lago, 24th, June 2021
The Coster Group fourth edition of the Sustainability Report highlights the extensive work in implementing sustainability initiatives across its global value chains.
Coster took pandemic as a push to accelerate the efforts of sustainability within the Group. The report, prepared in compliance with GRI standards, presents the various initiatives, KPIs and targets which are important for the Group in terms of sustainability and ethical market standards.
Among the main accomplishment reached in 2020, Coster became a signatory of Ellen MacArthur’s New Plastics Economy Global Commitment, tackling the challenge of turning the circular economy model into reality. In addition to this Coster was recognized with a Platinum Medal based on EcoVadis CSR rating, that places the Group among top 1% of the companies assessed by EcoVadis. The Group has also been recognized with CDP score B for general questionnaire and in the light manufacturing activity group.
“Nowadays Innovation and Sustainability are two inseparable concepts, that go hand in hand, one can no longer survive without the other. Coster’s commitments and initiatives, outlined in the 2020 Report, look towards the future, answering to the question of how Coster of tomorrow aims to be, to rethink our products and the way to (re)use them, such that today’s innovation preserves the environment and lifestyle of tomorrow and of the generations to come.”
Andrea Raineri, Innovation & Sustainability Director, Coster Group.
The Group gives significant focus on the sustainable product development and there were numerous launches in 2020 that bear witness to this testimony. The company extended the use of PCR resins throughout its product portfolio, making it now available to its vast majority of product range. CosterEco, a new system designed to optimize the spray performances with compressed gasses, allows customers to transition from liquefied propellants to compressed air, without compromising on functionality. Another example of sustainable innovation is Glove-On, winner of the FEA Global Aerosol Awards 2020 and the BCCI Business Excellence Award 2020. With its disrupting and innovative formula, in combination with specifically designed components, Glove-On creates an invisible barrier on the hands protecting and at the same time disinfecting them, avoiding the usage of plastic gloves.
Many more projects are in the pipeline, with the priority set on solutions addressed to design for recyclability.
During the year, Coster Group also successfully transitioned all its European plants to the consumption of 100% green energy i.e., electric energy coming from renewable sources. Coster Group is also extremely proud to be certified with #ISO26000 for social responsibility and #ISO20400 for sustainable procurement in compliance with sustainable model adopted by the Group. Also, as a women owned enterprise, the Group is registered with WEConnect International, making it part of a prestigious global network of women owned businesses.
Coster proudly supports UN Sustainable Development Goals and has selected 6 SDGs that mainly focus the core interest of Coster’s sustainability areas. The sustainability report also gives brief insight into work done by Coster Group adhering to the objectives identified in the internationally agreed 2030 Agenda for Sustainable Development.
Looking forward to 2021, the Group promises to continue its sustainability journey, setting new and ambitious targets. Among many new initiatives, special attention will be given to a broad social responsibility program that will be launched during the year.
Click here to read our full report.