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Release of the Cosentino 2022 Sustainability Report

  • The multinational company shares its progress and achievements in innovation and R&D, energy model, circular economy, education and social action, among others, through an extensive Sustainability Report based on ESG criteria.

Cosentino, a leading global manufacturer and distributor of innovative and sustainable surfaces for architecture and design, releases the new edition of its Sustainability Report. With a cross-cutting approach to Sustainability based on ESG (Environmental, Social and Governance) criteria, the company continues to fulfil its commitment to transparency and responsibility in economic, social, environmental and ethical sustainability towards its employees and other stakeholders, which is detailed in this document.

In compliance with the international standard of the Global Reporting Initiative (GRI), the report includes the company’s performance, milestones and achievements in the social, environmental and good governance fields. These pillars are underpinned by a well-established business model with financial vigor based on innovation and R&D, efficient production, circular economy and, above all, on the strength and high professionalism of the company’s team.

Download Cosentino Group’s 2022 Sustainability Dossier

Sustainability and environmental management (Environmental)

This area encompasses some of the company’s current major projects. In 2022 alone, Cosentino invested more than €37 million in environmental assets. Cosentino demonstrates its commitment to circular economy and the reduction of its carbon footprint through a series of solid milestones such as the use of 99% reused water, Zero Water Discharge (daily recirculation of 80,000 m3 of water), the use of 100% renewable electric energy and the development of sustainable products such as Dekton®, a Carbon Neutral product for its entire life cycle, and the HybriQ® technology for Silestone® products.

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In 2022, Cosentino reduced its carbon footprint by 6% compared to 2021, and 12.81% compared to the 2018 base year. This reduction includes all areas of the company, from obtaining raw materials to the end of life of the products (Scopes 1, 2 and 3). 86% of Cosentino’s carbon footprint is due to indirect emissions from its value chain (Scope 3).

The company continued making progress in the recovery and reuse of its waste. In 2022, Cosentino recovered almost 16% of all the solid waste generated at its Industrial Park in Cantoria (Almería). Internally, the consumption of recycled raw materials in the manufacture of Silestone® and Dekton® accounted for 7.6% of the total consumption of all raw materials.

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Finally, last year Cosentino implemented a new industrial energy model based on renewable energy sources and self-consumption, which also covers the management of water resources. Cosentino activated the largest ground-mounted self-consumption photovoltaic plant in Spain. The plant has a peak power of 20 MW and an energy production capacity of approximately 34 GWH/year, around 15% of its annual electricity consumption. This plant is will continue to expand with the installation of solar panels on the roofs of the Almería factories during 2023. At the same time, Cosentino started to build its own Wastewater Reclamation Plant, which will put the wastewater discharged by its neighboring communities to a new use and is expected to become operational in coming months.

Job creation and contribution to society (Social)

Cosentino’s core value is its commitment to people, and the company considers its human capital its most important asset. Last year, Cosentino remained committed to quality employment and created 426 new jobs globally, ending 2022 with a workforce of 5,851 employees. The company’s workforce is made up of people from 76 different nationalities and the percentage of permanent contracts increased to 98%.

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This commitment to prosperity and growth also extends to the communities where Cosentino has a presence, especially in the immediate surroundings of Almería. Cosentino makes a pioneering contribution to education and training by promoting Dual Vocational Training programs conducted at its facilities and through activities carried out by its Eduarda Justo Foundation. The company also supports the fields of architecture, design, sport and gastronomy through a series of partnerships and sponsorships and promotes art and culture through the Ibáñez Cosentino Art Foundation. Lastly, the company made direct donations to various organisations totaling more than €1 million.

Responsible and transparent management (Governance)

Cosentino’s roadmap is based on specific ESG criteria that move forward on the basis of integration and transparent communication with its employees and its entire value chain of suppliers, customers and collaborators. A responsible governance body that encourages the development of talent through recruitment and management programs such as Acelera, Ingenia, Impulsa or Dual, that increasingly invests in health and safety and that promotes equality and diversity, with 22% of women in management positions and 50% on its Board of Directors in 2022.

Once again this year, this performance has proactively contributed to the achievement of some major Sustainable Development Goals (SDGs), both primary and secondary, such as SDG 3 (Good health and well-being), SDG 8 (Decent Work and Economic Growth), SDG 9 (Industry, Innovation and Infrastructure), SDG 12 (Responsible Consumption and Production), SDG 13 (Climate Action) or SDG 17 (Partnerships for the Goals), among others.

Tags: ESG, Governance, Social, Sustainability, Sustainability Report | 4 meses ago | Written by: Cosentino