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Sofidel listed in CDP Italy Climate Change Report 2014

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Sofidel listed in CDP Italy Climate Change Report 2014

November 12, 2014 - 17:45
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For the second consecutive year Sofidel, one of the leading European manufacturers of paper for hygienic and domestic use, is the only Italian not listed company to enter CDP Italy Climate Change Report 2014. The company, which improves significantly its disclosure and performance scores, is amongst the high scored companies 

Sofidel further improves its performance in terms of completeness, transparency and quality of information and its climate change strategy in reducing CO2 emissions.

The accomplishment was announced yesterday on the occasion of CDP Italy Climate Change Report 2014 & Leadership Awards in Milan.

Sofidel has achieved a disclosure score of 88/100 (it was 73/100 in 2013) on the assessment of the quality and completeness of the information disclosed, and a performance band B (it was C in 2013), on a scale from A (highest) to E (minimum), for the efforts in reducing its CO2 emissions.

Amongst the responding companies there has been an improvement in the CDP average score, from 66C in 2013 to 71B this year.

For the second running year Sofidel is the only Italian not listed company to be included in the report. "It is a meaningful achievement that testifies our commitment to transparency and our action to tackle climate change" said Mr. Luigi Lazzareschi, CEO of the Sofidel Group.

Carbon Disclosure Project (CDP) is an international, not-for-profit organization providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information. CDP is backed in 2014 by more than 767 institutional investors representing an excess of 92 trillion USD in assets.

In 2014, CDP requested climate change information from the 100 largest stock-listed companies in Italy. 53 the responding companies, amongst others, Fiat, Piaggio, Pirelli, YOOX, ENI, Intesa Sanpaolo, UniCredit, CNH Industrial NV, and Enel.

Sofidel Group

The Italian Sofidel Group is one of the leading European manufacturers of paper for hygienic and domestic use. With over 45 years of history (established in 1966), the Group operates today in 13 countries (Italy, Spain, Sweden, the United Kingdom, Belgium, France, Croatia, Germany, Poland, Romania, Greece, Turkey and the USA) and has more than 5,000 employees. With a consolidated turnover of 1,699 million Euros (2013), Sofidel is the second largest manufacturer of tissue paper in Europe.

Its flagship brand, "Regina", is present in all major markets. Other brands are Softis, Le Trèfle, Sopalin, Inversoft, Nouvelle Soft, Thirst Pockets, KittenSoft, Yumy, Soft & Easy, Volare, Onda, Papernet, Heavenly Choice, Heavenly Soft and Confidence.

Sofidel is a member of the international WWF Climate Savers program and a member of the UN Global Compact.