Sustainability Report 2023
“I believe that the commitment to sustainability must be increasingly transparent and measurable.”
Dear Stakeholders,
When presenting the Pelliconi 2023 Sustainability Report, I cannot help but think back to the first stages of this exciting adventure that we have embarked upon. I remember when this document was considered a marginal detail, a passing trend, whereas we were committed to it from the start, with concrete initiatives. That was in 2011, and since then, the Sustainability Report has become one of the pillars of our company.
From that first edition to today, the world around us has changed at an exponential speed. Just think of the technological innovations and the regulations that are struggling to regulate them. These changes are contributing to an increasingly complex marketplace, with geopolitical issues having ripple effects as our global system becomes increasingly interconnected.
However, one thing has remained constant: our commitment to reinvesting a portion of our profits back into the communities we serve, seeking to make interconnections a driving force for other businesses in the region. This principle is at the heart of our corporate mission and guides our actions, particularly in supporting medical and scientific research.
Our commitment to sustainability extends beyond environmental protection to include advances in health and science for the benefit of humanity. This year, we have made significant progress in supporting research that promises to improve lives and fight disease. Pelliconi firmly believes in the power of innovation and the continuous pursuit of knowledge. By investing in these areas, we are investing in our most precious resource: human potential.
Among many examples, our support for the Sant’Orsola and ANT foundations and the AIL association reflects our commitment to social responsibility and our belief that business success and social progress are inextricably linked.
As you read this report, I invite you to reflect on our collective impact on the world we all share. The true wealth of a company, where profit must go hand in hand with social responsibility, lies in the integration of different disciplines, including the humanities, creating a stimulating and informal environment that we like to define as: Corporate Culture.
Let us continue this journey together and build a sustainable legacy that transcends time and leaves an indelible mark for future generations.
“I believe that the commitment to sustainability must be increasingly transparent and measurable.”
MARCO CHECCHI
Chief Executive Officer
APPROACH TO SUSTAINABLE DEVELOPMENT
OUR VISION
Through innovation, improving the lives of people and the planet.
Can there be a more pleasing vision than to improve life?
It is certainly an extremely ambitious goal, and one that can only be achieved through small, daily accomplishments.
This is where we focus our innovation, our research and with them also our passion.
RELATIONSHIPS WITH OUR STAKEHOLDERS
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
How we interact with our stakeholders, how we listen to them and involve them
In what way we interact, we listen to them and involve them
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
The Smooth Revolution. That’s what we called it in 2018 when for the first time we were able to present an initial working prototype to the market, which after well over 120 years of dominance of the crown cap alone, now presents a truly valuable alternative.
The market response was immediately enthusiastic, although giving up the iconic crown cap was a deep change that came with some hesitation.
A lot has been accomplished since that day, and the “family” has grown, and is constantly evolving.
P•ink, the Pelliconi brand for cap digital printing
The technology developed and patented by Pelliconi’s Innovation team makes it possible to finally create a new service for customising small batches of packaging. Pelliconi’s quality and business scalability is translated into cap digital printing.
The target customer is completely new for the company, which can now start doing business with small craft breweries using ordinary caps. This new development also reaches out to private “homebrewers” as well as wineries and other small-scale producers of beverages who want to do promotional activities on their packaging.
SOPURE®: safe for mothers, pure for the environment
In order to support the environmental policies of multinationals that aim to reduce the use of plastic materials in packaging and to safeguard the future of the planet, Pelliconi has created SOPURE ®: a PVC (Polyvinyl Chloride) free closure suitable for packaging different types of food in glass jars, but mainly used for baby food (homogenised products). SOPURE® the perfect combination of the two key principles of the company’s vision: sustainability and innovation.
ECONOMIC SUSTAINABILITY
DISTRIBUTION OF ADDED VALUE
Revenue from sales and services decreased from Euro 273,527 thousand in 2022 to Euro 233,727 thousand in 2023; this decrease is due, on the one hand, to the reduction in sales prices, strictly linked to the reduction in the cost of raw materials in the financial year just ended compared to the previous year, and, on the other hand, to a reduction in consumption in the beverage sector, justified both by the general situation of uncertainty created and by the anticipation of purchases by some customers at the end of the financial year 2022 in order to build up safety stocks.
| Economic performance |
2023 Thousands of euros |
2022 Thousands of euros |
|---|---|---|
| Value redistributed to Suppliers | 176.464 | 221.820 |
| Remuneration of employees | 36.383 | 35.727 |
| Remuneration of investors | 5.031 | 3.387 |
| Remuneration of Stakeholders | 826 |
922 |
| Remuneration of Public Administration | 3.603 | 4.396 |
| Remuneration of the Community | 1.026 | 788 |
| Value retained by the Company | 22.490 | 27.926 |
| Generated economic value | 245.823 | 294.966 |
| Distributed economic value | 223.333 | 267.040 |
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 | 40% | 25% | 20% | 30% |
| Aluminium suppliers | 75% | 75% | 75% | 75% |
| Paint and ink suppliers | 60% | 40% | 20% | 50% |
| Plastic compound suppliers | 80% | 60% | 20% |
100% |
| Packaging suppliers | 6% | 6% | 6% |
6% |
Nota: the analysis takes into account suppliers who are also producers of the materials supplied, excluding dealers and purely trading and non-producing companies.
international market presence
Key numbers for 2023:
Turnover: 236 million euros
EBIT- DA: 31 million euros
Production: 26,5 billion closures
United States
Pelliconi Florida, Llc
UK
Pelliconi Uk Ltd
France
Pelliconi France Sarl
Germany
Pelliconi Deutschland Gmbh
Italy
Pelliconi & C. S.p.a. Pelliconi Abruzzo S.r.l.
Turkey
Liaison Office
Egypt
Pelliconi For Closures
Manufacturing Sae
Russia
Pelliconi Russia Llc
Cina
Pelliconi Suzhou Co, Ltd
Pelliconi Changzhou Co, Ltd
SOCIAL SUSTAINABILITY
OUR PEOPLE
Here at Pelliconi we are aware of the importance and the significance of the development of highly-competent, motivated and professional individuals. These resources, give value to the organisation through individual skills and increase the company’s competitive edge. This awareness has led us to come up with a series of initiatives to maintain our internal resources’ loyalty, by increasing their well- being within the company and their sense of belonging to it.
We provide all our employees with the opportunity to participate in training and special initiatives aimed at creating individual as well as organisational value and at disseminating and sharing our core values and culture.
The Company’s increasingly global structure also requires an analysis of the different cultures, habits and traditions of the ever-new areas in which we operate. This includes the recruitment of local resources who can work with the various customers under the best conditions, and anthropological training of the staff who have to work with the various branch offices.
Pelliconi aims at promoting an inclusive corporate culture that values diversity and guarantees all its employees equal opportunities in all aspects of their employment, such as training, remuneration and promotions, while at the same time preventing any type of discrimination.
The organisation reports on the employment of personnel at all production sites and all commercial offices, so the reporting boundary is extended to the entire organisation.
Personnel is managed directly by the HR functions of the various production sites and sales offices, both for the recruitment and hiring phase and for the management of attendance, payroll and contributions. Local management is however subject to general supervision by the parent company.
The HR function periodically assesses the staff of the entire organisation, and checks the correspondence to budget requirements, staff cost levels, any new staff additions and supervises and plans training.
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.
COMMUNICATION
It is very important to us that the messages, the information, and above all the Vision of our company are extremely clear and easily accessible to everyone.
To make this possible, we spread our communication almost exclusively online and thanks to the airwaves, the use of printed paper is reduced to a minimized.
All news related to the world of Pelliconi are published and updated on our official website (www.pelliconi.com), available in four different languages: Italian, English, Russian and Chinese.
The site contains a lot of information about our products and services, as well as our history and numerous innovation and sustainability projects.
ENVIRONMENTAL SUSTAINABILITY
“The environment represents for us a heritage to be respected and preserved for
present and future generations.”
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
The emissions produced at the Group’s plants 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
The emissions produced at the Group’s plants 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.
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