The Coster Ethical Code and Organisational Model
Coster has issued and spread its Ethical Code in the corporate and through the Supply Chain, for the purpose of providing a set of commonly agreed values and principles which reflect Coster commitment towards conducting business responsibly.
The foundations of our beliefs are the fair and integrity business, the respect of human rights that also reflects the commitment to continuously enhance the life in the workplace, Safety, health and environment protection.
The Organisational Model adopted by Coster describes the set of rules, both operational and deontological, set by the Company according to the specific activities and pursuant to the provisions of Italian Decree 231. Among the purposes the Model, to raise awareness of the importance of correct and transparent behavior among the Addressees, in line with the ethical and social values of Coster, to strengthen the culture of internal controls and risks management, to protect Coster’s reputation towards all stakeholders, to ensure that all business activities comply with current regulations. Following the transposition in Italy of the EU Whistleblowing Directive (2019/1937) aimed at protecting anyone who reports work-related misconduct, through the legislative decree 10 March 2023, n. 24, Coster is currently updating its own Whistleblowing Scheme.
EcoVadis CSR Assessment
Coster regularly join EcoVadis to assess the integration of the CSR principles into the business and management system and gain evidence-based Sustainability rating
“The New Plastics Economy Global Commitment”
#TheNewPlasticsEconomyGlobalCommitment #signatory #EllenMacArthurFoundation
In 2020 Coster became a signatory of “The New Plastics Economy Global Commitment” which was launched by Ellen MacArthur Foundation in collaboration with UN Environment Programme. This foundation is a UK-based charity, committed to the creation of a circular economy that tackles some of the biggest challenges of our time, such waste, pollution and climate change. In a circular economy nothing becomes waste and everything has value, creating benefits for society, the environment and the economy.
Coster joined the Global Commitment to challenge the current ‘take, make, waste’ extractive industrial model by redesigning products and processes to eliminate the plastic we don’t need, to innovate so that all plastic we do need is 100% reusable, recyclable, to circulate all the plastic we use and to switch to renewable energy sources.
Find out more about our targets and progress in the Global Commitment 2021 Signatory Report.
The Social Responsibility
People are at the centre of Coster’s policies and strategies. Coster firmly believes and counts on people value, therefore is strongly committed to safeguard the human rights, guarantee the best working conditions as well as the labor practices, be active for collectivity by finding ways to do good.
Coster has zero tolerance to slavery and human trafficking, which is reflected in our approach to Modern Slavery Act obligations. We make sure that all those in our supply chain and contractors comply with our values.
Safety is a strategy pillar: continuous investments in all necessary measures supporting the prevention and protection system. Two manufacturing facilities have obtained the certification for the Occupational Health and safety management System standard ISO 45001.
Coster pursues the monitoring and transparency targets by continuing the voluntary program of SMETA IV Pillars audits and assessment of the group companies commissioned to an external notified body.
A program to conduct initiatives directed to external communities is targeted to support EDUCATION AND SCHOOLING according to the specific territorial context, like including aiding the access to education to disadvantaged people supporting high-tech and innovation centers, specialized institutes, promoting scholarships for unprivileged students.