"In times of change learners inherit the earth; while the learned find themselves beautifully equipped to deal with a world that no longer exists."

- Eric Hoffer -

Dear Stakeholders,

Let me introduce the 12th Sustainability Report covering the year 2021, a year that was by no means easy, but as I always tell my employees: “We have to consider the difficulties and adversities of the last few years as the new normal and make an effort not to be found unprepared. In other words, we have to turn unforeseen events into opportunities as a function of our corporate culture and global presence”. Having achieved this awareness, we focused even more on sustainability issues, also comforted by the National Recovery and Resilience Plan (NRRP), which includes various investment chapters dedicated to a more sustainable economy.

For the second year in a row, we commissioned the independent auditing firm Deloitte & Touche S.p.A. to carry out a limited assurance engagement of our Group’s Sustainability Report. In addition, the rating agencies Cerved and EcoVadis issued two ESG ratings for the company this year. For us, these collaborations are not just a proof of concept, but an incentive, a stimulus for improving our sustainable performance and enhancing the value of environmentally friendly products.

Pelliconi is very clear about the economic objective, the expansion project to reaffirm proximity to the customer and the desire to create production facilities to support local communities as well as the need to pursue innovation as an essential key to a more environmentally and socially sustainable economy. All this was pursued while protecting jobs and people’s health. For example, the project signed with the multinational Technogym “The Wellness Company” at the end of the year allowed us to learn more about the eating habits and propensity to exercise of our employees through a questionnaire. During the lockdown and the immediately following months, eating disorders increased by 30%, thus triggering a social alarm to which we wanted to respond through this nutritional programme combined with sports practice. In the next report, we are confident that we will be able to report concrete data and evidence of how this rather unusual experience has been faced by the industry.

The Sustainability Report, which is drawn up and published annually, is a perfect tool to witness and summarise with transparency the commitment and values that guide the Group every day. It is with this green spirit that we want to face the challenges of the future, always keeping in mind our goals for the environment, society and the company that will help us grow over the years, as they have done over the past 83 years.

- Marco Checchi -
CEO

01

Approach to sustainable development

Our mission

Creativity aimed at what is useful. The experiences of the single person and those becoming part of a team spirit. Passion for innovation and quality. And above all, respect: for people, the environment and for what we do. Our group has been known for and distinguishes itself in the world for this way of being, thinking and working since 1939. Every day.

Every year, Pelliconi makes concrete commitments to various activities, both internal and external to the company, to support the 2030 UN Agenda for sustainable development.

Relationships with our stakeholders

"The goal is to create alliances that result in competitive advantage and common benefits."

We are aware that our success on the market cannot exist without the attention given to the relationship with all our stakeholders, to create sound relationships which promote the building of consensus and mutual trust. Our stakeholders represent the main target of our corporate social responsibility initiatives and at the same time they are also the most precious partners in building projects and paths fully in line as well as consistent with our core business and with the greatest challenges which are typical of our sector.

Our stakeholders

In what way we interact, we listen to them and involve them

In what way we interact, listen and involve our stakeholders

Internal communication instruments (newsletters, intranet, mailing, Telegram); periodical assessment of employee engagement, internal and external events dedicated to the employees, Business Meetings and management committees.

Periodical satisfaction surveys. Visits at our production plants. Participation in customer organized events. Continued relationships with our business consultants, and with other corporate functions: logistics, quality, technical division, etc.

Daily relations with purchasing management and other corporate functions. Dialogue with major supplier representative associations.

Meetings and visits at the production plants to obtain various authorizations for productive activities with regard to the regulations in force in the various relevant fields.

Periodic meetings, preparation and sharing of best practices, participation in tasks within technical and representative committees.

Meetings with the company Top Management.

Sponsorships, acts of generosity, assignment of goods or services, partnership projects, training and internships within the company.

Collective and regional bargaining. Meetings with corporate trade union representatives.

Development of partnership projects, financial support to study, training as well as research and development of products and materials; corporate testimonials at academic institutes; guided tours at the production plants for students attending technical institutes.

Third party audit, validation and certification of documentation and reporting within the administrative, economic, financial, sustainability, and regulated management system frameworks.

Research and development

For Pelliconi, making innovation means having a well-structured process consolidated over the years of activity, thanks to the use of methodologies such as Design thinking, Lean Startup, Open Innovation, Agile Development. Openness to the external ecosystem and strong drive for Execution are distinctive elements of Pelliconi's approach to innovation.

Main projects developed:

Flower Family

In 2018, Pelliconi unveiled for the first time an initial working prototype of a flower-shaped closure, which after well over 120 years of dominance of the crown cork alone, now presents a truly valuable alternative. More sustainable, thanks to the reduction of raw materials that compose it, with an extremely distinctive design. Much has been accomplished since that day, and the "family" has grown, and is constantly evolving.

P•INK, THE DIGITAL PRINTING service for Crown Corks, A NEW pelliconi brand

The technology developed and patented subverts the traditional logic of economy of scale that governs the offset production process of the iconic crown cap. Pelliconi has invested in innovating that mechanism by developing a digital printing technology for caps. This technology, already widely used in other sectors, now becomes a reality in the world of metal packaging as well, offering countless opportunities for customization while working on small batches. This not only revolutionizes the production process, with the decoration and customization phase being moved downstream, but also enables the creation of a new business model.

Sopure®: safe for mothers, pure for the environment

To support the environmental policies of multinational corporations that aim to reduce plastics in packaging and to safeguard the future of the planet, Pelliconi created SOPURE®: a PVC (Polyvinyl Chloride) free closure suitable for packaging in glass jars of different types of food, but used mainly for baby food (homogenized food).

02

Economic sustainability

DISTRIBUTION OF ADDED VALUE

After the loss of sales volumes that occurred in 2020 due to the closure of the entire Ho.Re.Ca channel, i.e., the world of food and beverage, the 2021 financial year began with important signs of recovery, this allowed the Group to achieve a year-on-year increase in revenues of 18.5 percent.

Economic performance 2021
Thousands of euros
2020
Thousands of euros
Value redistributed to Suppliers 135.884 109.287
Remuneration of personnel 30.570 29.223
Remuneration of Backers 2.393 2401
Remuneration of Stakeholders 95 5
Remuneration of Public Administration 2.191 2.042
Remuneration of the Community 425 449
Value retained by the Company 12.885 10.483
Generated economic value 184.443 153.890
Distributed economic value 171.558 143.407

Supply chain - suppliers

We choose to collaborate with suppliers who share the principles and values expressed in our code of ethics. We are committed to establishing fair, transparent and long-lasting relationships with them in order to create an established network.

Below is a table showing the percentage of suppliers who have adopted their own code of ethics and a certified occupational safety and environmental management system.

Supplier scope of business ISO9001 ISO14001 ISO45001 Code of ethics
Steel suppliers 100% >60% >60% >60%
Aluminium suppliers 100% 100% 100% 100%
I Paint and ink suppliers 75% 50% 25% >60%
I Plastic compound suppliers 80% <70% 60% 100%

Turnover and international presence

Key numbers for 2021:

Turnover: 182 million euros

EBIT- DA: 17.3 million euros

Production: 30 billion closures

01
United States

Pelliconi Florida, Llc

02
Germany

Pelliconi Deutschland Gmbh

03
Egypt

Pelliconi For Closures Manufacturing Sae

04
UK

Pelliconi Uk Ltd

05
Italy

Pelliconi & C. S.p.a. Pelliconi Abruzzo S.r.l.

06
Russia

Pelliconi Russia Llc

07
France

Pelliconi France Sarl

08
Turkey

Liaison Office

09
China

Pelliconi Suzhou Co, Ltd
Pelliconi Changzhou Co, Ltd

03

Social Sustainability

People

At Pelliconi we know the importance of developing highly competent and motivated professionals. This awareness has led us to come up with a series of initiatives to maintain our internal resources’ loyalty, by increasing their well-being and sense of belonging to the company.

Vocational training and occupational safety

The training of the employees is implemented through:

  • specialized technical courses useful for carrying out the specific tasks of the Group's business
  • training courses on the legislation in force
  • courses for the development of managerial skills (e.g. time management, innovation, negotiation, sustainability, etc.)
  • language courses.

Every year, our employees are extensively trained on the matter of safety at work, especially for what concerns the operators in the manufacturing department. Data on training, related both to occupational safety and to other issues relevant to the career development of Group employees, are constantly monitored and screened in order to ensure continuous and as widespread as possible updating.

Human resources and work environments
Many work environments have been renovated by introducing, where possible, shared spaces to encourage continuous interaction between people and optimize work activities. The use of sound-absorbing panels and partitions has created a better working environment by reducing noise pollution.
Important projects have also been implemented in production departments to enable better exchange of information among employees and increase efficiency in general.

The COVID-19 epidemic that occurred in 2020 accelerated a profound transformation that had already begun in the company in previous years and continued in the year 2021. "Agile Work" was extended, allowing work within one's own home whenever possible.

Human resources research
We carry out continuous 'scouting' of talent for recruitment and selection especially in cooperation with local schools and technical colleges, universities and business schools.

Community

Every year, Pelliconi donates part of its earnings to scientific research and to social, artistic, cultural and sporting activities, with a view to redistributing wealth and reciprocity to the entire community.

3%

Social

78%

Sport

3%

Scientific Research

16%

Culture

Communication

We care about protecting the environment, and as a sustainable company we have decided to favor communication in electronic format, reducing the use of paper. We believe it is important to build a dialogue with our community through social channels: Facebook, LinkedIn, Instagram, Youtube, WeChat and Weibo.

04

Environmental sustainability

In the spirit of Circular Economy, we strive to pursue a production and business management model that is attentive to waste reduction, directed where possible to innovative product design, use of raw materials and production processes with reduced environmental impact, waste reduction, recycling and waste valorization especially in the case of permanent materials (metals).

Environmental Management System Certification
Our main plants in Ozzano-Bologna and Atessa-Chieti, Italy, and the plant in Suzhou, China, work according to the procedures of their respective environmental management systems and have obtained certification of compliance according to the international standard ISO14001.

Raw materials and recycling
A substantial portion of the raw materials we use to produce our metal caps come from recycled materials.
About half by weight of the disposable cardboard packaging with which we package and ship our products is composed of recycled material; where logistically applicable, reusable (returnable) metal containers are also available. The raw material recovery chain continues actively within our facilities, as almost all of the industrial waste produced is collected separately and delivered to qualified suppliers to re-enter the recycling loop wherever possible. The majority by weight is metal (steel and aluminum), but plastics, paper and wood are also important.

Energy consumption and emissions
In fiscal year 2021, there was a slight increase in energy consumption, and thus in the emissions produced, even in the face of an increase (approximately 1.6 percent) in the production of caps at the Group's plants. These emissions are constantly monitored bearing in mind also the fuel consumption of Group-owned vehicles, so as to broaden the overall view of the figure, and thus facilitating possible improvements in the related impacts in the near future, consistent with the Group's environmental values. With a view to the overall reduction of emissions, it is undeniable that a significant part of them can also be attributed to the Group's production-related logistics; for this reason, capacity and experience in intermodal transport has been strengthened over the years.

Raw materials and recycling
A substantial portion of the raw materials we use to produce our metal caps come from recycled materials.
About half by weight of the disposable cardboard packaging with which we package and ship our products is composed of recycled material; where logistically applicable, reusable (returnable) metal containers are also available. The raw material recovery chain continues actively within our facilities, as almost all of the industrial waste produced is collected separately and delivered to qualified suppliers to re-enter the recycling loop wherever possible. The majority by weight is metal (steel and aluminum), but plastics, paper and wood are also important.

Energy consumption and emissions
In fiscal year 2021, there was a slight increase in energy consumption, and thus in the emissions produced, even in the face of an increase (approximately 1.6 percent) in the production of caps at the Group's plants.

These emissions are constantly monitored bearing in mind also the fuel consumption of Group-owned vehicles, so as to broaden the overall view of the figure, and thus facilitating possible improvements in the related impacts in the near future, consistent with the Group's environmental values. With a view to the overall reduction of emissions, it is undeniable that a significant part of them can also be attributed to the Group's production-related logistics; for this reason, capacity and experience in intermodal transport has been strengthened over the years.

PACKAGING MUST BE BEAUTIFUL, SMART AND RESPONSIBLE.

Would you like to see the full sustainability report?

Fill out the form with your information and we will send you the full document.