Fedrigoni Receives Platinum Medal from Ecovadis

Fedrigoni recently announced that it was awarded a platinum medal by the international ESG rating agency Ecovadis. The platinum rating reportedly places the group in the top 1% of companies in the same industry worldwide for ESG performance.

Fedrigoni achieved a score of 85/100, but on environmental impact reduction policies the rating rose to 100/100. The company reports that several factors influenced the latter score: transparent communication of targets and results, including emission reduction, endorsed by the Science Based Target Initiative; water consumption and waste management; a clear action plan to achieve the 2030 targets; and widespread accountability of all managers in the company by linking a significant portion of MBOs to the achievement of ESG targets (between 15% and 25% depending on the role).