Chemnovatic ESG Strategy
ESG compliance at Chemnovatic
Chemnovatic ESG strategy defines a set of environmental, social, and management objectives, which we plan to accomplish in order to develop in a more sustainable way.
ESG approach introduces non-financial indicators for the companies’ evaluation. While financial indicators are important, non-financial ones provide a broader picture of the company, which may be important for some stakeholders.
We have introduced an ESG strategy to improve environmental, and social standards and company management. We believe that improving the company’s non-financial performance will not only make us grow more sustainably but also will help us increase the value we deliver to the customers.
Our goal is to enhance our practices in a way that aligns with ESG standards and adheres to world-class methodologies. To this end, we have not only implemented an ESG strategy but also partnered with KPMG experts to ensure its effective implementation.
A specially established project team under the supervision of Board Member Bartłomiej Gęca has prepared the ESG strategy and now is responsible for its effective implementation, KPIs monitoring, and communication.
Chemnovatic ESG Strategy for 2023-2025
Our ESG strategy covers all three ESG areas – Environmental, Social, and Governance. We have set five areas that we focus on, with specific objectives. Objectives have specific KPIs (quantitative and qualitative), calculation methodology, and defined time frames.
1. Ensuring compliance with ESG regulations and standards
Our ambition is to ensure compliance with regulations and prevent abuses, as well as to create an organization managed responsibly. We take formalized actions to ensure compliance with ethics and compliance both within the company and in relations with suppliers.
2. Responsibility for the supply chain
We strive to effectively implement responsible business standards in the value chain. We respect basic human rights as well as labor rights. We also expect assurances that suppliers with whom we work meet these standards.
3. Customer care
Our ambition is to ensure transparency in terms of product quality. We want to raise customers’ awareness of the quality of raw materials, good practices, and proper verification of commercial documentation.
4. Care for the environment
We define actions to reduce the negative impact on the environment (including calculation and reduction of the carbon footprint), we also modernize the car fleet and strive to increase: the level of recycling, the share of (OZE) Renewable Energy Sources, and energy efficiency.
5. Care for employees
We strive to increase occupational safety and reduce the number of accidents. We aim to have a team of qualified, responsible, and ambitious employees, whom we will be able to support in their development.
UN Sustainable Development Goals, which we implement as part of the ESG strategy
Some of the goals included in Chemnovatic’s ESG strategy are also consistent with the UN Sustainable Development Goals. Learn more about the UN goals here: Sustainable Development Goals (un.org)
UN Sustainable Development Goals that we are pursuing as part of our ESG strategy
| Chemnovatic’s ESG strategy and UN Sustainable Development Goals | |
|---|---|
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Under Objective 4.2, we are pursuing Sustainable Development Goal 7, the message of which is “Ensure affordable access to sources of stable, sustainable, and modern energy for all.” More specifically to 7.2, we want to significantly increase the share of renewable energy sources in the global energy mix, by 2030. |
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Under one of the indicators of Target 2.2, we are pursuing Sustainable Development Goal 8, whose message is: “Promote stable, sustainable and inclusive economic growth, full and productive employment and decent work for all people.”
Specific to 8.7, we are taking immediate and effective measures to eliminate forced labor, modern forms of slavery, and human trafficking; to prohibit and eliminate the worst forms of child labor, including the recruitment and use of child soldiers. By 2025, we want to eliminate child labor in all its forms.
Under one of the indicators of Objective 5.1, we are pursuing Goal 8, specifically item 8.8, the message of which is: Protect labor rights and promote a safe working environment for all, including migrant workers, especially migrant women and those in precarious employment. |
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Under Objective 4.1, we are pursuing Sustainable Development Goal 12, whose message is “Ensure patterns of sustainable consumption and production.” More specifically to 12.5, by 2030 we want to significantly reduce the level of waste generation through prevention, reduction, recycling, and reuse. |
Want to learn more about ESG at Chemnovatic?
Thank you for your interest and for taking the time to review our ESG objectives. If you would like to learn more about our ESG strategy, please contact us at office@chemnovatic.com
Check out our CSR activities!
We invite you to learn more about other activities (that are not part of the ESG strategy) that we carry out as part of our sustainable development and sense of social responsibility.
Check our CSR activities.
