Acknowledging this is the 2023 CDP Supplier Engagement Rating Report. This is further recognition for the Group as part of its green transition strategy to achieve its 2050 Net Zero goal.
Sofidel, one of the world’s leading manufacturers of paper for hygienic and domestic use, best known for its Regina brand, has once again been placed in the Leadership band of the CDP Supplier Engagement Rating Report.
CDP’s rating recognizes the Group’s work in engaging with and inspiring suppliers in the fight against climate change.
With an A- rating, Sofidel is above the sector average for Paper products & Packaging (B-), as well as the overall European (B-) and global (C) averages.
CDP is a nonprofit organization supporting investors, companies, cities, countries and regions worldwide in controlling their impact on the environment.
“Suppliers engagement is a key element of Sofidel’s sustainable development strategy, and being included in the Leadership band of the CDP Supplier Engagement Rating Report is an important recognition of the work done alongside our partners, in light also of our path towards our 2050 Net Zero goal. We will continue to work closely with our suppliers to achieve this ambitious target,” commented Riccardo Balducci, Group Sustainability Director at Sofidel.
Sofidel has recently intensified its green transition policies by committing to Science Based Targets (SBTi) to achieve carbon neutrality by 2050. The Net Zero goal, i.e. reduction of greenhouse gas emissions and the subsequent removal of residual emissions to as close to zero as possible along the entire value chain, is at the heart of the European Green Deal and considered crucial to limiting global warming to well below 2°C in line with the Paris Agreement.
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