Responsible Procurement and Sourcing Policy
Responsible procurement and sourcing are an important element in achieving the goals of Cogne Acciai Speciali SpA. With this purpose in 2021 we released our responsible procurement and sourcing policy that explains how we work with our suppliers to ensure that our supply chains share our values. This Policy is an integral part of our procurement processes and represents, together with our Code of Ethics, the guideline for transparency, compliance with laws, regulations, minimum standards and continuous improvement and to ensure that our purchases of raw materials, goods and services are carried out responsibly and in line with our Values.
Sustainability plan approved by Cogne BoD
Cogne Board of Directors approved the 2022 – 2025 Sustainability Plan that focus on improving environmental performance, innovation projects, diversity and inclusion policies and the further development of the culture of sustainability, knowing that sustainable development is our final goal and innovation is the means to achieve it.
The 22-25 Plan, focused on the strategic areas Environment, Social and Governance – COGNE aims to contribute to support the climate transition towards zero emissions and implement innovative solutions to pursue environmental sustainability and marks our strengthened commitment to environmental sustainability, occupational health and safety, people inclusion and development and corporate governance.
Cogne approves Declaration of sustainability commitments
COGNE ACCIAI SPECIALI is a leader in the production of stainless steels and nickel alloys and to continue to maintain this position we must continue to act in a sustainable manner. It is in our own interest to pursue the right balance between competitiveness, environmental sustainability and social responsibility.
For us, sustainability is a journey whose goal is the creation of lasting value for our stakeholders.
Our leadership must be maintained with responsible growth management, which must be pragmatic, sustainable and inclusive, for the benefit of businesses, citizens and communities. Sustainability is at the heart of our business and integrated into our strategy.
Our sustainability strategy consists of three cornerstones that cover the Environment, people (Social) and good corporate governance practices (Governance). The goals we have set are ambitious and we are constantly looking for ways to further improve the way we operate. Our approach reflects both the importance of sustainability and the possibilities it offers. For this reason, we have decided to report our commitments in the document called “Declaration of Sustainability Commitments” which defines the values according to which we operate and our commitments and responsibilities towards people, the environment, the community and the Territory and economical responsibility towards our stakeholders.
In striving towards our “Zero Accidents” objective, we achieved a 30% reduction in the “frequency index” and an 8% reduction in the “severity index”. Overall, injuries decreased by 39%. (These results in comparison to last year’s).
In 2020 our Company invested 500.000 € in Management of COVID-19 Prevention; both inside and outside the plant: for equipment purchase and for various activities related to fighting the pandemic. Cogne also contributed to our local area by donating to Aosta’s Civil Protection.
Among the results dealing with the primary and most ambitious objectives of the Report we achieved significant reduction of CO2 emissions: in 2020 Cogne contributed to the protection of the environment with a decrease of over 17,100 ton of CO2 emission. A result obtained through the use of green energy and km 0 measures.