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January 23, 2024
Action Plan
The action plan translates the pillars of the sustainability strategy into a path of activities in the short, medium and long term. Each year, the various points are updated in a process of continuous alignment with the company's objectives and performance, also in relation to the Group's cultural growth with regards to sustainability.
| Pillar | Target & actions |
| People | Initiating a Group Performance Management process, respecting cultural diversity, to promote a shared company-wide model of competencies, values, and objectives. |
| Listening to the workforce on an ongoing basis to implement welfare, well-being and career development initiatives that support personal and professional growth at Group level. | |
| Defining HR metrics to create a Group People Dashboard and monitor alignment with business performance and strategy. | |
| Planet | Product design and material selection |
| Life cycle assessment activities for the different product categories (make & buy) in accordance with international standards (e.g. ISO 14040) to quantify the main environmental impacts of products. | |
| Researching and experimenting with certified raw materials/logistics supply solutions with lower environmental impact. | |
| Packaging changes | |
| Sustainable production | |
| Activate a Group-wide process to monitor and report greenhouse gas emissions (broken down by GHG Protocol Scope 1, 2 and 3). | |
| -55% by 2030 (baseline 2020-21) for Scopes 1 and 2, prioritizing activities to reduce energy consumption and the gradual transition to systems based on alternative energy sources. | |
| Mobility plan and sustainable mobility culture. | |
| Researching and experimenting more effective waste management solutions, favoring forms of circular economy. | |
| End of life management | |
| Applying principles for a more sustainable end-of-life of products, both by extending the life of products and by encouraging repair and reuse practices among consumers. | |
| Participation | Promoting both corporate-level and brand social initiatives, in line with the Group's principles, encouraging forms of organizational citizenship. |
| Adopting a Group-wide Supplier Code of Conduct that incorporates ESG factors into the supplier selection and audit process. | |
| Implement a Group-wide supplier screening and evaluation process that includes ESG criteria. | |
| Establishing partnership projects with industry players or stakeholders to activate joint ESG transformation processes. | |
| Governance | Establishing a cross-functional team to deal with ESG topics and projects at Group level and assign roles. |
| Formalizing material ESG topics and related KPIs in reference frameworks, adopting common processes and tools across the Group. | |
| Sustainability reporting activities (e.g. sustainability report). | |
| Completing the process of adopting the organization and control model in Selle Royal Group S.p.A. in accordance with Legislative Decree 231/01. | |
| Adopting a Group-wide code of conduct. |
SelleRoyalGroup Spa
