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Sustainability

SustainabilitySustainability strategy

LETTER TO STAKEHOLDERS

The year that has just come to a close proved to be a particularly difficult one for the entire world, which found itself facing an unprecedented health emergency. The COVID-19 epidemic has been a huge challenge for both public and private organisational and economic systems. In the context of this global emergency, we immediately took special measures to implement all possible actions aimed at guaranteeing the supply of drugs to patients, to ensure the health and safety of our employees and to support communities. 

During these months, which saw widespread slowdowns, closures and restructuring, we were even more driven to reflect on sustainability, resilience and future generations. New questions have arisen in terms of social equity, collective well-being, and environmental protection: elements that are ever more clearly interconnected.  

In 2020, we implemented important initiatives. The Environmental, Social and Governance department was established, dedicated to supporting integration of social and environmental aspects into business processes. We also defined the first Sustainability Plan, describing our future commitments, structured with qualitative and quantitative goals for four priority areas: patient care, people care, environmental protection and responsible sourcing. These strategic areas for sustainability are supported by a fifth fundamental pillar: ethics and integrity, the principles that direct every aspect of the Group's actions on a day-to-day basis. 
We also established dialogue with stakeholders in order to listen to their opinions on which sustainability topics we should prioritise in terms of reporting, projects and actions. 
We have upheld our commitment to reducing environmental impacts, through projects to increase energy efficiency and the purchase of renewable energy. We have updated the Code of Ethics, which comprises all of the Group's fundamental values, making it even clearer and easier to use, and we have continued to support local communities, with particular attention to initiatives linked to the health emergency. 

We are well aware that sustainability is not an end goal but a process of continuous improvement that requires commitment, time and innovation, yet we are confident that we have the solid fundamental values required for its pursuit.

I am grateful to our more than 4,300 strong team doing their utmost every day in our offices, production facilities and throughout our entire network, to make Recordati an example of excellence, distinguished by its values: a responsible company is a company built on people that believe in and act in accordance with responsible principles. It is to all of them in particular that I would like to express my most sincere thanks.  
 
Andrea Recordati
Chief Executive Officer

SUSTAINABILITY HIGHLIGHTS 

1st Recordati group Sustainability Plan

50% renewable electricity purchased with Guarantee of Origin (32% in 2019)

Approximately 30% reduction of CO2 emitted (Scope 2 - market based) by the Group’s production plants compared to 2019. For Scope 1 emissions a decrease of 4% was recorded. 

€ 7.7 million donations to support communities, 5.4 million of which for initiatives linked to COVID-19

94% of employees hired on permanent contracts

46% percentage of female employees in the Group 

Approximately 167,000 hours of training provided to employees of the Group (with an average of around 40 hours per employee)

94 audits carried out on suppliers to ensure product quality and security 

UPDATED CODE OF ETHICS to make it clearer and easier to use

Additional information can be found in the Consolidated Non – Financial Statement