Cosentino Group submits its most transparent and committed CSR Report
June 20, 2019
Cosentino has included a Non-Financial Information Statement (NFIS) and an exhaustive materiality study in its annual report for the first time.
The company has increased its commitment and key indicators in relation to employment, health and safety and innovation.
In line with its commitment to the environment, Cosentino has reaffirmed its policies geared to a circular economy and reuse, increasing its overall investment.
Cosentino Group, the global Spanish company and market leader in the production and distribution of innovative surfaces for architecture and design, has just published its Corporate Social Responsibility Report 2018, thereby complying with its commitment of transparency in relation to economic, social, environmental and ethical sustainability. Unlike previous years, this document, besides illustrating Cosentino´s achievements and commitments, includes the Non-Financial Information Statement (NFIS), which has considerably improved the level of transparency in the reports Cosentino has been publishing since 2015.
Moreover, this edition has reported a greater number of GRI (Global Reporting Initiative) indicators, which has improved the Report with regards to the standardisation of the sustainability criteria of the institution, an entity that works in partnership with the OECD. Another important new aspect in relation to the work methodology is the materiality or relevance study, for which numerous focus groups have been conducted for the first time. This has enabled us to ask the company´s interest groups directly about the most important issues both for Cosentino and its stakeholders, thereby enabling us to work and make commitments in line with their needs.
Finally, the Report provides an accurate portrayal of how Cosentino has continued to work in 2018 towards achieving the commitments undertaken in relation to the United Nations Sustainable Development Goals (SDG). The Almeria-based company has publicly undertaken to specifically contribute to 5 of the 17 SDG.
Quality employment, safety and innovation, growth drivers
Cosentino maintains its increasing commitment to human capital and talent, constant innovation and investment in health and safety. Once again this year, the multinational company has invested in job growth, reaching a figure of 4,314 employees in 2018, 10.15% more than the previous year and 19.04% more than in 2016. In addition, further progress has been achieved in the fields of equality and diversity, with up to 75 different nationalities represented in the workforce. The number of women in managerial positions rose to 18.07% in 2018 (3.32% more than in 2017), furthering the company´s commitment to gender equality. Furthermore, 91.16% of the workforce held a permanent contract in the financial year 2018.
In turn, Cosentino is committed to the health and wellbeing of its employees and all the workers along the value chain, with a particular focus on the creation of safe working environments. In 2018, the company once again managed to reduce the accident rate at all its work sites, a 12% drop compared with 2017. The multinational company has invested over €4.7 million in safety systems for its facilities in the United States, in addition to other investments, mainly in measures implemented at its production and processing plants in Almeria, Brazil and the USA.
Finally, the Almeria-based company has once again established itself as a benchmark and leader in its sector within the scope of innovation and R+D. Last year, the entity continued to market new products and groundbreaking solutions such as Dekton® Slim, a revolutionary 4 mm-thick surface. Cosentino´s total investment in this field in 2018 amounted to €25.3 million, 11% more than in 2017.
Sustainability and circular economy
As part of its commitment to the environment, Cosentino strives to continue along the path to excellence and to guarantee the highest standards of quality. With this objective in mind, it makes significant investments in assets related to the environment and projects to deploy the best available technology. One of the highlights of 2018 was the implementation in Spain of investments in environmental assets worth €5 million, in addition to expenditure on environmental controls and improvements to the value of €8.1 million.
One of the areas in which the company is looking to invest strongly is waste management and reuse. In 2018, Cosentino increased the amount of recycled / recovered raw materials by 68% with regard to the previous year. Another major milestone was the launch of the company´s own waste treatment and recovery facility, which has enabled us to integrate a new, more efficient management system geared to the future recovery of all non-hazardous waste generated in the production process.