2024
Sustainability
Report

“I believe that the commitment to sustainability must be increasingly transparent and measurable.”

Dear Stakeholders,

With the presentation of the 2024 Sustainability Report, we wish to reaffirm a principle that has always guided our actions: sustainability is not limited solely to the environmental dimension, but also rests on attention to people (Social), promoting inclusion, safety, and well-being, as well as on corporate management based on transparency and responsibility (Governance). The integration of ESG criteria serves as the guiding principle for our strategic decisions and shapes the course of our future development.

In recent years, the global context has undergone profound changes: technological advances, regulatory changes, and geopolitical tensions have prompted a rethinking of traditional growth models. Phenomena once considered “unpredictable” have now become an integral part of everyday reality. This requires organisations to adopt more flexible structures and production processes capable of responding quickly and efficiently.

As we work in an ever-evolving environment, our strategy is based on the guiding concept Innovation, Life,developed internally by Pelliconi, which combines innovative thinking with a focus on people. This distinctive approach is at the core of the rebranding process undertaken, aimed at strengthening and enhancing our corporate identity.
Innovation is not just a response, but the fundamental lever that enables us to anticipate and drive change proactively. This distinguishes us from our competitors in the market.
The rebranding, which began in 2023 and was finalised in 2024, represented a significant transformation not only in visual identity but also in communication. The new logo, paired with the tagline “Innovation, Life”, conveys a deliberate and forward-thinking vision: viewing innovation as the catalyst for sustainable development, broad well-being, and the creation of enduring value.

The comma separating these two terms is more than just a graphic detail; it symbolises the indispensable connection between technological progress and quality of life. Innovation holds meaning only when it is directed toward improving living conditions, while quality of life is enhanced through responsible, human-centred progress.
From a communication perspective, we have gradually transitioned from a generalist approach to adopting a more targeted and comprehensive strategy. This is aimed at making it easier for our clients to access and utilise information, also through the incorporation of digital tools such as the corporate website. This evolution aims to enhance communication effectiveness by supporting the expansion and strengthening of our client portfolio.

For us, innovation means placing life at the centre - the lives of people, communities, and the environment - promoting inclusive, ethical, and generative change.

Continue reading the letter

In line with this vision, our industrial expansion strategy goes beyond merely optimising production processes. In fact, it aims to be a solid and sustainable contributor within the local contexts in which we operate. Our approach emphasises intercultural dialogue and mutual sharing of traditions, while consistently striving to minimise environmental impact and dedicate a portion of our profits to support local communities.

Social sustainability constitutes a fundamental pillar of our corporate responsibility. We are actively committed to supporting medical and scientific projects. These include those promoted by the Fondazione Sant’Orsola (Sant’Orsola Foundation), the Istituto Ortopedico Rizzoli (Rizzoli Orthopaedic Institute), and AIL (Italian Association against Leukemia), contributing to the advancement of research and the improvement of collective well-being.

We value culture and strengthen social cohesion by collaborating with organisations such as Musica Insieme (Music Together association), the Municipal Theatre, and the Cineteca Fondazione Pavarotti (Pavarotti Foundation Film Archive), upholding values of inclusion and active participation. Furthermore, we progressively engage our stakeholders through strategic and effective corporate communication. This aims to create a network of shared value that delivers tangible benefits to the communities we serve.

Being responsible today entails embracing along-term strategic vision grounded in transparency, discipline, and measurable outcomes. Our operational framework seamlessly integrates economic, social, and institutional aspects, prioritising fairness and cooperation among the environment, people, and stakeholders. Only by fostering this collaborative synergy can we build a sustainable ecosystem that consistently delivers lasting value to the communities we serve.

“I believe that the commitment to sustainability must be increasingly transparent and measurable.”

MARCO CHECCHI
Chief Executive Officer

01

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

“The aim is to create alliances on projects that bring about a competitive advantage
and shared 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

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

Internal communication tools (intranet, mailing via the company portal and social media). Periodic corporate climate analyses. Internal and external events dedicated to employees. Business Meetings and Management Committees.

Periodic satisfaction surveys. Visits to our facilities. Participation in internal and external events organised by customers. Continued relationships with our business consultants staff, and with other corporate functions: logistics, quality, technical division, etc.

Daily relations with purchasing management and the business functions of logistics, quality, and technical department, and with all other departments according to the activities provided. Dialogue with major supplier representative associations through the ANFIMA-MPE network.

Meetings and visits to establishments in order to obtain the various authorisations for carrying out production activities (e.g. company incorporation deeds, registration with chambers of commerce or equivalent, authorisation to carry out production activities and presentations of projects to institutions).

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.

Top partnerships/sponsorships.

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

Development of partnership projects, economic support for research, training and support for research and development of products and materials. Participation in information and training events on food packaging materials and products. Company presentations at educational institutions. Company presentation events and factory tours for classes from technical schools.

Meetings and visits to facilities in order to obtain, review and maintain the various authorisations (health, environmental, health-safety and fire prevention) for the operation of production activities in compliance with the regulations in force in the various areas of relevance (e.g. activity operation, fire-safety, environment (e.g. AIA), verification of regulatory compliance in the various areas of relevance (e.g. Operator dealing with Food Contact Materials, safety- environment…) updating for projects and plant modifications).

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:

Kaleidots

It represents a substantial evolution of digital printing - already initiated with P•ink - through an industrial sheet-based process, allowing direct decoration of metal items such as crown caps, screw caps, and pull tabs, with enhanced production capacities. Unlike the P•ink technology, Kaleidots is not limited to the craft beverage sector but extends its use to high value-added sectors such as cosmetic packaging and pharmaceutical packaging.

P-Code

It is a software platform developed in-house that enables the mass generation and management of unique QR codes, compatible with the digital printing logic of Kaleidots. P-Code functions as a centralised backend system that serialises and collects analytics on consumer interactions (such as geolocation and scan frequency) while integrating track & trace features, marketing automation, and customer loyalty programmes.

MaxiSmart 2.0

Is the new generation of pull- tab caps developed with an inclusive design approach. Thanks to an innovative mechanical system, it requires a significantly lower opening force compared to market standards, positioning itself as an ideal solution for consumers with reduced hand mobility (for example, elderly people or those with physical disability). It is also well-suited for professional operators (e.g., bartenders, catering staff) who need to open numerous bottles quickly.

02

ECONOMIC SUSTAINABILITY

DISTRIBUTION OF ADDED VALUE

Following the Pelliconi Group’s strengthened market presence in 2024, ongoing geopolitical changes and competitive actions (both from existing and new competitors across various markets), necessitate the development of new industrial initiatives in multiple regions to safeguard the existing business.

Economic performance 2024
Thousands of euros
2023
Thousands of euros
Value redistributed to Suppliers 157.133 176.464
Remuneration of employees 36.383 36.383
Remuneration of investors 5.343 5.031
Remuneration of Stakeholders 607 826
Remuneration of Public Administration 4.425 3.603
Remuneration of the Community 1.370 1.026
Value retained by the Company 21.969 22.490
Generated economic value 234.410 245.823
Distributed economic value 212.441 223.333

SUPPLY CHAIN - SUPPLIERS

In our relations with suppliers, we are committed to implementing proper, timely and transparent practices in the exchange of information and the management of business relationships, while seeking professionalism and commitment in sharing the principles and values referred to in our Code of Ethics and the Code of Ethics for Suppliers, which was published and shared throughout the supply chain starting from 2023.

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%

Note: 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

“32 billion closures per year, 61 thousand per minute, one thousand per second. 16 global markets. 8 production sites. 700 employees at Pelliconi who take pride in being part of the Pelliconi community.”

Key numbers for 2024:

Turnover: 242 million euros

EBIT- DA: 33.5 million euros

Production: 27.9 billion closures

03

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.

04

ENVIRONMENTAL SUSTAINABILITY

“The environment represents for us a heritage to be respected and preserved for
present and future generations.”

Pelliconi is committed to identifying, preventing and mitigating its impacts on the environment, taking into account its own environmental performance and implementing, where possible, initiatives aimed at a more sustainable management of its production activities.

Energy consumption and emissions
Emissions from all production sites and registered offices are continuously monitored including the fuel consumption of the vehicle fleet in order to broaden the overall view of the data and facilitate possible improvements in the relative impacts in the near future, in line with Pelliconi’s environmental values. In a spirit of transparency and cooperation that characterises the relationship between Pelliconi and its commercial partners, emissions data are periodically shared with CDP (Carbon Disclosure Project) and Ecovadis through dedicated internet platforms.

Raw materials and recycling – Circular Economy
In the spirit of the Circular Economy we strive to pursue a model of production and business management that is attentive to reducing waste, aimed where possible at the design of innovative products, the use of raw materials and production processes with reduced environmental impact, the reduction of waste, recycling and enhancing of waste especially in the case of permanent materials (metals).
We are actively working on the valorisation of metal production waste, in particular working with the relevant authorities to recognise the ‘by-product’ status of metal scrap that has previously been classified and managed as waste.

Energy consumption and emissions
Emissions from all production sites and registered offices are continuously monitored including the fuel consumption of the vehicle fleet in order to broaden the overall view of the data and facilitate possible improvements in the relative impacts in the near future, in line with Pelliconi’s environmental values. In a spirit of transparency and cooperation that characterises the relationship between Pelliconi and its commercial partners, emissions data are periodically shared with CDP (Carbon Disclosure Project) and Ecovadis through dedicated internet platforms.

Raw materials and recycling – Circular Economy
In the spirit of the Circular Economy we strive to pursue a model of production and business management that is attentive to reducing waste, aimed where possible at the design of innovative products, the use of raw materials and production processes with reduced environmental impact, the reduction of waste, recycling and enhancing of waste especially in the case of permanent materials (metals).
We are actively working on the valorisation of metal production waste, in particular working with the relevant authorities to recognise the ‘by-product’ status of metal scrap that has previously been classified and managed as waste.

PACKAGING MUST BE BEAUTIFUL, SMART AND RESPONSIBLE.

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