Sustainability / Social value / Economic value and governance
Economic value and governance
Hightlights 2022

Our keywords

Centrality of the business
Creation of value
Ethics and transparency
Digitalisation of the supply chain

Continuity of business and creation of value

In 2022, the economic value generated by Coeclerici was equal to € 1.4 bn, more than tripled compared to 2020.

Revenues from sales and services are the main growth factor.

For the Commodities area, revenues posted a strong increase thanks to the increase in commodity reference indices. For the Industry area, instead, the increase in revenues was due to the increase in orders and production volumes, in particular for the Converting division.

In 2022, the economic value distributed to stakeholders was equal to 90.6% of the value generated. In particular, most of the value was allocated to suppliers (92.2%), while the rest to staff (4.8%), the Public Administration (1.4%), shareholders (0.8%), funders (0.6%) and the community (0.1%).

Business integrity

In 2012, Coeclerici voluntarily adopted the organisational model provided by Legislative Decree 231, subsequently updated in 2013 and 2016, consolidating the transparency and responsibility of the company in line with sector best practices. The adoption of the model enables the definition of structured procedures, rules and controls with the aim of preventing and reducing the risk connected with possible offences. Coeclerici is aware of the importance of ensuring fair, transparent conditions in running the business and company activities and having an adequate internal control system to prevent any unlawful behaviour by its directors, employees, co-workers and business partners.

Ethics

Coeclerici adopted a Code of Ethics, an integral part of the Model 231, which defines and specifies the values and principles of conduct, inspiring the activities and relationships involving third parties with which the Company enters into relations to achieve its mission.

The document clarifies the company mission, core values and the principles of conduct to be followed in company management and in relations with stakeholders – staff, co-workers, competitors, customers, suppliers, Public Administration, and supervisory authorities; implementation, dissemination and control  system on the Code, also thanks to the Supervisory Board. Through the Code of Ethics, the Company is also committed to spreading and consolidating the culture of health and safety in the workplace, promoting responsible behaviour by all workers.