Stevanato S p A : Group SpA ESG Report 2024
Sustainability Report 2024 Stevanato Group Sustainability Economic Value Innovation Human Capital Supply Chain Environment Local Communities aAdsList.push('Article'); aAdsListSize.push([300, 250]); aAdsListCA.push(null); Contents Letter to Stakeholders 4 Methodological Note 5 Stevanato Group 7 • At a Glance 7 • Organizational Details 9 • Mission, Vision and Values 14 • The Company Structure and Main Corporate Functions 15 • Ethics, Integrity and Compliance 16 Sustainability 18 • Approach to Sustainability 18 • Certifications and Awards 21 • Participation in Organizations and Associations 23 Economic Value Creation 24 • Stakeholder Value Creation 24 Innovation and Product Responsibility 25 • Stevanato Group Products, Technologies and Services 25 • Biopharmaceutical and Diagnostic Solutions 26 • Engineering 28 • Research & Development and Innovation 29 • R&D for Drug Containment Solutions (DCS) 30 • R&D for Drug Delivery Systems (DDS) 31 • R&D for Engineering 33 • Analytical Services 37 • Product Quality and Responsibility 38 Human Capital 39 • Stevanato Group's Human Resources 39 • Employee Management and Development 42 • Occupational Health & Safety 45 Supply Chain and Procurement 47 • Responsible Supply Chain & Procurement 47 Stevanato Group Sustainability Economic Value Innovation Human Capital Supply Chain Environment Local Communities Contents Environment 50 • Stevanato Group's Commitment to the Environment 50 • Energy Consumption and GHG Emissions 50 • Water Management 53 • Waste Management 55 Local Communities 57 • Local Communities' Engagement 57 Annex 59 GRI content index 62 Independent Audit Report 68 Stevanato Group Sustainability Economic Value Innovation Human Capital Supply Chain Environment Local Communities Letter to Stakeholders For more than 75 years, Stevanato Group has delivered exceptional performance to meet market and customer needs, thanks to our unique value proposition of integrating our core competencies across our business lines. The passion and commitment of all of us led our Group to become a leading provider of mission-critical containment, delivery, and diagnostic solutions for the pharmaceutical, biotechnology, and life sciences industries. Since our founding, the delivery of innovation has been a fundamental characteristic of our Group, and we embed science and technology in what we do every day to bring life-changing medicines to patients. Our goal is to be the global partner of choice to biopharma customers for the full spectrum of end-to-end solutions, from drug development through life-cycle management. Our commitment is to cooperate deeply with our partners all over the world, providing our extensive know-how, resources and enthusiasm to achieve the most successful results possible for our customers in everything we do. We want to create a reliable ecosystem to empower our customers and their ability to produce safe, easy-to-use and cost-effective treatments to improve patients' lives. We strive to support our stakeholders and we are committed to embedding sustainability in our strategic plan, policies and practices. We are committed to achieving a more sustainable and equitable future for our employees, our customers, and the communities that we serve. To accomplish this, we have developed a sustainability strategy structured in three pillars: Sustainable processes and products; Sustainable value chain; People and governance. The main goal is to pursue a regenerative business innovation journey while asserting our position as an interdependent and responsible member of the community in line with the United Nations' Sustainable Development Goals. In 2024, we progressed in our regenerative business innovation journey as shown in our fourth Sustainability Report on a voluntary basis. With regard to the environment, we advanced in our plan and we took action aligned with climate science and we have committed to set near-term emissions reductions in line with the Science-Based Target initiative. According to such GHG emissions reduction plan, we progressed mainly in respect to efficiency-related initiatives and sourcing of renewables-based electricity. We improved our waste management practices with an increase in the amount of waste recovered and diverted from landfills. With regard to the people and our aim to foster a diverse workplace, we improved in our gender balance program on females holding senior positions. With reference to the Governance area, we continue to strengthen and maintain our sustainable corporate model. We confirm our goal is to continue growing and supporting customers throughout our regenerative business innovation while making a positive impact everywhere we work and do business. We are working to improve processes, to innovate on technologies and eco-designed products and packaging. Our team is dedicated to delivering on our promise by working collaboratively to drive improvement, acting as an example of our Values and Guiding Principles. We are pursuing this important journey with confidence and determination toward an increasingly sustainable and responsible future. Franco Stevanato, Chairman and CEO Stevanato Group S.p.A. Via Molinella 17, 35017 Piombino Dese · Padova · Italy Stevanato Group Sustainability Economic Value Innovation Human Capital Supply Chain Environment Local Communities Methodological Note This Sustainability Report clearly outlines Stevanato Group's environmental, social and economic achievements in a transparent and structured manner for the 2024 financial year (January 1 - December 31) aligned with the Company's financial reporting, and shows the commitment and initiatives undertaken by the Group towards its goal of sustainable development. The annual reporting cycle provides internal and external stakeholders with a representation of Stevanato Group's business performance, results and impact in relation to the main sustainability topics in the 2024 financial year. This document represents the Sustainability Report of the companies belonging to Stevanato Group S.p.A. and its subsidiaries (hereinafter also referred to as "the Company," "Stevanato," the "Stevanato Group," or "the Group"). The list of entities included is aligned with the 2024 Annual 20-F Filing. The Sustainability Report includes data about the parent company Stevanato Group S.p.A. and its subsidiaries, which are directly or indirectly consolidated on a line- by-line basis. Note that some Group companies or sites that are not operational, have not been included in the Environmental, Health & Safety data due to the limitation of scope1. Stevanato Group reports sustainability information with reference to the Global Reporting Initiative (GRI) Standards 2021. For more details on GRI Standards, please see the "GRI Content Index" section. The contents of the Sustainability Report were selected based on the results of a materiality analysis, as published in this document and described in Chapter 2. The discussion of materiality in connection with this sustainability material assessment is not an indication that such information or topics are necessarily material under U.S. federal securities laws or rules and regulations of the U.S. Securities and Exchange Commission. Quality criteria and reporting scope information was defined following GRI principles and encompassed positive 1 Not included: Stevanato Group International a.s., Ompi of America Inc (Environmental data only), Ompi of Japan Co., Ltd., Medirio SA, Perugini S.r.l., Stevanato Group N. A. S de RL de CV, and the Cisterna site (Environmental data only). In the fourth quarter of 2024, the liquidation process of Stevanato Group N.A. S. de RL de CV was completed with the cancellation from the local business register. and negative impacts, comparability, accuracy, timeliness, clarity and verifiability. Specifically, the information included in this report was taken from both the Group's IT system and the sustainability reporting package. To properly manage the reporting process, a Sustainability Reporting Procedure was set up in 2021 and updated in 2024, in line with the GRI Standards 2021, which illustrates how to prepare the Group's Sustainability Report, including the timing, tools, roles and responsibilities of the functions and individuals. To ensure the responsiveness and proper application of the procedure, the reporting process was extensively discussed and agreed upon by the working group. The information presented in this report refers to 2024 and includes a comparison with the previous year. Any information restated from previous reporting periods is indicated appropriately, where necessary, throughout the report. The information collected and reported is based on measurable data. To provide an accurate overview of the Group's performance and help ensure data reliability, the use of estimates has been limited as much as possible. If they are provided, they have been made using the best AttachmentsOriginal documentPermalinkDisclaimer Stevanato Group S.p.A. published this content on April 28, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 28, 2025 at 11:01 UTC.
Apr 28, 2025 | www.marketscreener.com
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