The 4th edition of Coster Group’s Sustainability Report highlights extensive work in implementing sustainability initiatives across its global value chains…
Coster Group took the COVID-19 pandemic as a push to accelerate sustainability efforts within the company. Its latest sustainability report, prepared in compliance with Global Reporting Initiative (GRI) standards, presents the various initiatives, key performance indicators and targets that are important for the Group in terms of sustainability and ethical market standards.
Among its main accomplishment reached in 2020, Coster became a signatory of Ellen MacArthur’s New Plastics Economy Global Commitment, tackling the challenge of turning the circular economy model into reality.
In addition, Coster was recognized with a Platinum Medal, based on the EcoVadis CSR rating, that places the Group among top 1% of the companies assessed by EcoVadis.
“Nowadays Innovation and Sustainability are two inseparable concepts that go hand in hand, one can no longer survive without the other,” said Andrea Raineri, Innovation & Sustainability Director, Coster Group.
“Coster’s commitments and initiatives, outlined in the 2020 Report, look toward the future, answering the question of how the Coster of tomorrow aims to be, to rethink our products and the way to (re)use them, such that today’s innovation preserves the environment, as well as the lifestyle of tomorrow and of the generations to come.”
Coster Group focuses significantly on sustainable product development and there were numerous launches in 2020 that bear witness to this testimony. For example, the company extended the use of PCR resins throughout its product portfolio, making it available in the majority of its product range. CosterEco, a new system designed to optimize spray performance with compressed gasses, allows customers to transition from liquefied propellants to compressed air, without compromising on functionality.
Another example of sustainable innovation is Glove-On, winner of the FEA Global Aerosol Awards 2020 and the BCCI Business Excellence Award 2020. With its innovative formula, in combination with specifically designed components, Glove-On creates an invisible barrier on the hands, protecting and at the same time disinfecting them, avoiding the usage of plastic gloves.
Many more projects are in the pipeline, with the priority set on solutions addressed to design for recyclability.
Throughout 2020, Coster Group also successfully transitioned all of its European plants to the consumption of 100% Green energy, i.e., electric energy coming from renewable sources. Coster Group is also extremely proud to be certified with #ISO26000
for social responsibility and #ISO20400 for sustainable procurement in compliance with sustainable model adopted by the Group.
Also, as a women-owned enterprise, the Group is registered with WEConnect International, making it part of a global network of women-owned businesses.
According to the Group, Coster proudly supports UN Sustainable Development Goals (SDG) and has selected six SDGs that mainly focus the core interest of Coster’s sustainability areas.
The sustainability report also gives brief insight into Coster Group’s adherence to objectives identified in the internationally agreed 2030 Agenda for Sustainable Development.
Looking forward to 2021, the Group promises to continue its sustainability journey, setting new and ambitious targets. Among many new initiatives, special attention will be given to a broad social responsibility program that will be launched during the year.
Read the full report: http://www.coster.com/sustainability/