2025
Sustainability
Report

“The question is not whether innovation brings progress, but who benefits from it and how it is directed”

Dear Stakeholders,

With the presentation of the 2025 Sustainability Report, I would like to share some reflections that represent the natural evolution of the path undertaken last year. In 2024 we introduced the new Pelliconi Group payoff, “Innovation, Life”, a synthesis of our identity and our vision: Innovation as the driving force of our development and a guiding principle capable of generating value over time.

Today more than ever, we intend to resolutely confirm this orientation. Innovation is not just a strategic element, but a real corporate culture: observe reality with a critical mind, continuously improve processes and transform challenges into concrete opportunities for sustainable growth.

We live in an ever-changing context. Technological, economic and social changes require adaptability and vision. In this scenario, innovation and sustainability are deeply interconnected: Sustainability defines the direction of our actions, while innovation enables concrete and lasting progress. From this perspective, innovation must be at the service of life, contributing to the well-being of people, communities, and the contexts in which we operate, generating value beyond the economic dimension.

We understand that innovation is never neutral. As also highlighted by economist Daron Acemoglu, professor at MIT in the United States and one of the leading scholars of the relationship between technology, economy and society. The value of technologies also depends on the direction that companies and society choose to give to their development. Alongside these opportunities, growing responsibilities emerge, which concern the quality of development, the distribution of benefits, and the impact on communities.

In this context, solutions like Maxismart 2.0 and Lightcrown have made a concrete contribution to our vision, reducing the use of raw materials and waste throughout the production cycle, thus reducing environmental impact. These results also stem from a broader process innovation path, based on operational efficiency, technological optimisation, and responsible resource management.

Our strategy integrates innovation, sustainability and people development. Our collaborators represent the main lever of change: Skills, creativity and dedication are essential to our development. That’s why we invest in human capital development through training and internal courses dedicated to innovation, safety, and organisational well-being.

This vision is strengthened by our internationalization journey, which allows us to engage with new cultures and organisational models, stimulating continuous improvement.

Continue reading the letter

MARCO CHECCHI
Chief Executive Officer

BROWSE OUR REPORT

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 (newsletter, intranet, mailings via the company portal and social media). Periodic analyses of the company climate. 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 liaison with the purchasing department and with the company’s logistics, quality, and technical departments, as well as with all other departments as required by the activities performed. Dialogue with the main supplier representative associations through the ANFIMA-MPE network.

Meetings and factory visits to obtain various permits for operating production activities (e.g., company articles of association, registration with chambers of commerce or equivalent bodies, authorization to operate production activities, and project presentations to institutions).

Regular meetings, preparation and sharing of best practices, participation in the work of technical and representative committees.

Meetings with the company’s top management.

Sponsorships, donations, transfers of goods or services, partnership projects, training, and internships.

Sponsorships (Top partnerships/sponsorships).

Collective and territorial bargaining. Meetings with company union representatives.

Partnership project development, financial support for research, training, and support for product and materials research and development. Participation in information and training events on food packaging materials and products. Company testimonials at educational institutions. Company presentation events and guided tours of the facilities for technical school groups. Training and degree/master’s thesis internships.

Meetings and plant visits to obtain, review, and maintain various permits (health, environmental, health-safety, and fire prevention) for operating production activities in compliance with applicable regulations in the various relevant areas (e.g., business operations, fire safety, and the environment (e.g., AIA), verification of regulatory compliance in the various relevant areas (e.g., MOCA operator, safety-environment, etc.), and updates on 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:

EcoCrown and EcoSeal

During the year, Pelliconi also introduced EcoCrown, an advanced solution derived from the LightCrown platform and awarded the Gold Medal – Prototype Category at the Canmaker Cans of the Year Awards 2025. The solution integrates Eco-Seal, a new patented family of PVC-free gaskets designed to significantly reduce the amount of plastic material present in the closure.
EcoSeal does not represent a single formulation, but a modular technological platform that can be adapted to different types of metal closures.

LightCrown

Among the main developments stands out LightCrown, a new generation of ultra-light crown cap characterised by a thickness of just 0.15 mm.
The project represents a significant evolution in the optimisation of metallic materials, with the aim of reducing raw material consumption while maintaining high performance in terms of sealing, industrial processability, and efficiency on bottling lines.

Open Up

Pelliconi has also introduced Open Up to the market, a new closure solution designed to combine accessibility, sustainability, and logistical efficiency.
The product is an evolution of the technologies developed for the MaxiSmart 2.0 platform and features an aluminium shell with a design compatible with the same capping heads used for tear-off caps, facilitating its integration into existing production lines and reducing the need for plant modifications by bottlers.

P-Code and Kaleidots

Thanks to the development of the proprietary P-Code platform and the capabilities of KaleiDots digital printing technology, Pelliconi is now able to associate a unique digital identity with each individual closure.
This allows B2B customers to activate personalized interactive experiences, such as instant win contests, loyalty programs, geolocalized content, anti-counterfeiting systems, and web apps dedicated to sustainability and consumer education.

International technological strengthening

In 2025, Pelliconi also strengthened its industrial presence in North America after the acquisition of Novembal’s production assets in Arizona and Quebec.
The operation is part of the Group’s technological expansion strategy and allows it to integrate new skills in the field of injection-molded plastic closures, alongside the compression-molded technologies already present at the Florida production site.

ECONOMIC SUSTAINABILITY

DISTRIBUTION OF ADDED VALUE

During 2025, the Group continued with its development plans, confirming its growth model based on a direct presence in various geographical areas through its own production companies. This international articulation represents, in the current geopolitical context, an element of competitive strengthening: In fact, it allows us to seize greater opportunities in our target markets and to have a faster and more flexible structure in responding to changes in demand and evolutions in the competitive landscape.

Economic performance	2025 Migliaia di euro	2024 Migliaia di euro
Value redistributed to Suppliers	164.408	157.133
Remuneration of employees	47.256	36.383
Remuneration of investors	3.907	5.343
Remuneration of Stakeholders	616	607
Remuneration of Public Administration	4.851	4.425
Remuneration of the Community	2.014	1.370
Value retained by the Company	24.923	21.969
Generated economic value	247.975	234.410
Distributed economic value	223.052	212.441

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

28 billion closures per year, 53,000 per minute, 900 per second. 16 global markets. 9 production sites. Almost 800 people work at Pelliconi and feel like “Pelliconi”.

Key numbers for 2025:

Turnover: 246 million euros

EBIT- DA: 34.7 million euros

Production: 27.9 billion closures

SOCIAL SUSTAINABILITY

OUR PEOPLE

At Pelliconi, we understand the importance and value of developing highly competent and motivated professionals. These resources, through their individual skills, contribute significantly to the organisation’s growth, making it increasingly solid and competitive. This awareness translates into a constant commitment to promoting initiatives aimed at developing human capital, strengthening people’s well-being, and consolidating a sense of belonging to the company.

We offer all employees the opportunity to participate in structured training programs and initiatives aimed at creating value, both individually and organisationally.

The Group’s growing international dimension also requires particular attention to cultural diversity. For this reason, Pelliconi promotes an inclusive corporate culture that values diversity and guarantees equal opportunities in all areas of the employment relationship, from training to compensation and development policies, preventing any form of discrimination.

The organisation reports on staff employment at all production sites and all commercial locations; therefore, the reporting scope is extended to the entire organisation.

The staff is managed directly by the HR functions of the various production sites and sales offices, both for the recruitment and selection 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 evaluates the entire organisation’s staff and verifies their alignment with budget requirements, personnel cost levels, and any new hires. It also supervises and plans training needs. The organisation reports its new hire rate and turnover rate (all data broken down by age group, gender, and geographic area for each individual site/plant).

All employees are eligible for parental leave benefits as provided for by applicable laws in their workplaces. The organisation reports the total number of employees entitled to parental leave, the total number of those who took ad- vantage of it, the number of those who returned to work after the leave, the number of those still employed 12 months after their return, and the retention rate (all data also broken down by gender). In Italian factories, 100% of employees (who constitute 73% of total employees) are covered by the national collective bargaining agreement for the sector.

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

At Pelliconi, we place great importance on the clarity and accessibility of our messages, information, and, above all, the vision that guides our company.
For this reason, we favor digital communication, distributed almost exclusively through online channels, minimizing the use of printed paper.

All the news regarding the Pelliconi world are constantly published and updated on our official website www.pelliconi.com, available in various languages. The site is a comprehensive reference point for learning about our products and services, discovering our history, and learning more about the innovation and sustainability projects that set us apart.

ENVIRONMENTAL
SUSTAINABILITY

“For us, the environment represents a heritage to be respected
and protected now and for future generations.”

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

Energy consumption and emissions
Emissions from all production plants and registered offices are constantly monitored, including fuel consumption from the company’s fleet of vehicles. This provides a comprehensive overview of the data and facilitates potential improvements in the related impacts in the near future, in line with Pelliconi’s environmental values.
Emissions data are periodically shared, in a spirit of transparency and collaboration that characterizes the relationship between Pelliconi and its commercial partners, with CDP (Carbon Dis- closure 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 production and business management model that is attentive to waste reduction, focusing where possible on the design of innovative products, the use of raw materials and production processes with a low environmental impact, the reduction of waste, and the recycling and recovery of waste, especially in the case of permanent materials (metals).
We are actively working to recycle metal production waste, and in particular, we have completed the process to obtain the “by-product” status of aluminium metal scraps, previously classified and managed as waste, in collaboration with the relevant authorities.