Angelini Industries, sustainability as a driver of growth: Sustainability Report published and Group’s first ESG Plan presented

In a record year for Angelini Industries revenues of 2.1 billion euros (+7.6%), the economic value generated also increased (+7.5%) to 2.3 billion euros, of which 86% distributed to stakeholders. The Group’s first ESG Plan was announced, with objectives and targets set for 2026 and a timeline to 2030: focus on people, patients, customers, community, ecosystems and planet. 

The main performances of the Group’s operating companies in 2023:

Angelini Pharma achieved UNI/PdR 125:2022 certification for gender equality in Italy and promotes projects in favour of social inclusion and environmental sustainability in the pharmaceutical sector

Angelini Technologies – Fameccanica was one of the most innovative companies in Italy with over 1,100 active patents, 190 of which granted during the year

Angelini Ventures excelled in gender balance with women accounting for 50% of the global team and 40% of the founders of the investment portfolio companies

Angelini Wines & Estates adopts practices to promote biodiversity and projects to protect the environment

Rome, October 30^th, 2024 – Angelini Industries has published the 2023 Sustainability Report, which measures the impacts of the activities of the multinational Italian Group – active in 21 countries with approximately 5,800 employees* in the sectors of Health, Industrial Technology and Consumer Goods – in relation to environmental, social and governance aspects, drafted voluntarily and in line with the GRI reporting standards and external assurance standards.

For over a century, Angelini Industries has operated with the vision of building a brighter future, creating jobs and wealth for the local community and striving to build sustainable growth for all. In a record-breaking year for Group revenues, the recently published report sees another important result for social sustainability: as a matter of fact, in 2023 the economic value generated by Angelini Industries was approximately 2.3 billion euros, up by 7.5%** compared to the previous year. Of these revenues, 86% (or 1.9 billion euros) was distributed to stakeholders, including suppliers and employees, categories that benefit most from the wealth generated with a distribution of 74% and 22% respectively.

The focus on its people is also shown by the numbers related to training – with over 156 thousand total hours of training delivered in 2023, in addition to specific skills development courses promoted thanks to Angelini Academy, the Group’s corporate academy – and the expansion and promotion of the welfare offer through the WeCare project. Diversity, equity & inclusion represent other important values of reference for the Group, which has begun the process of obtaining UNI/PdR 125:2022 certification on gender equality, already achieved by Angelini Pharma in 2023. This process will be subject to increasing development and tangible initiatives, including in light of the changes to the company population seen by new employee hires: of the 400 people who joined the Group in 2023, 50% are women and 25% are young people under 30 years old.

Alongside the social sphere, environmental results were also achieved thanks to the increasing attention on energy sustainability, on supply chain of 63% local suppliers and a constant commitment to correct waste management that encourages reuse and recycling from the perspective of a circular economy. One concrete example of the Group’s focus on the environment is its headquarters: Casa Angelini, established in Rome decades ago and today an example of an urban regeneration project as a technologically innovative and environmentally sustainable architectural solution, which achieved Platinum LEED Certification in New Construction. Today, the Group also relies on various photovoltaic plants installed at its sites, charging points for electric vehicles and a constant strive to define a decarbonisation strategy, starting with the calculation of its Carbon Footprint and the use of LCA (Life Cycle Assessment).

These are merely some of the aspects that describe the Angelini Industries commitment to ESG. Its focus on environmental, social and governance topics and the recognition of their importance as drivers of growth and business development led, in 2023, to the creation of a new Sustainability Department led by Isabella Falautano, Group Chief Sustainability Officer. Reporting directly to the CEO, she coordinates transversal team activities with the aim of promoting the implementation of an ESG strategy shared by the Group and its operating companies. To achieve this, the Group launched the ESG Strategic Plan 24-26, which starts from the purpose of “Unwavering care” and, as highlighted in the “Letter to stakeholders” by Thea Paola Angelini and Sergio Marullo di Condojanni – respectively Executive Vice Chairman and CEO of Angelini Industries – aims to guide the Group’s activities towards significant long-term investments and ensure widespread and shared development with the people and the communities where the Group operates.

The ESG Strategic Plan 24-26, which also looks further ahead to 2030, identifies the four pillars on which Angelini Industries intends to work over the coming years: People – to create a safe and inclusive work environment for employees; Patients, Clients & Community – paying attention to the Group’s stakeholders, local communities and the people the business is aimed at; Ecosystems – to collaborate with the suppliers and networks of which Angelini Industries is a driver or integral part in order to promote virtuous change; Planet – to reduce the environmental footprint, including through the creation of sustainable value chains. As enabling factors of the plan, the pillars are joined by the principles of Good Governance and Innovation, which are transversally embedded into each area of action.

Specific objectives were identified and approved for each pillar, such as: maintaining the employee engagement rate above 75 (on a scale of 0-100); achieving UNI/PdR 124:2022 certification on gender equality for all operating companies of the Group; increasing the number of employees involved in corporate volunteering initiatives year on year to 20%; having over 90% of strategic suppliers follow the Code of Conduct containing ESG commitments and criteria and launching the first Group ESG scoring system; using 100% certified electricity from renewable sources for all Group sites by 2026.

The ESG commitment of the Group’s operating companies

As for the operating companies, in 2023 Angelini Pharma launched various projects with environmental sustainability objectives, including the Life-Greenapi project co-funded by the EU, intended to develop and test innovative technologies with a lower environmental impact for the production of active pharmaceutical ingredients. The initiative promotes the transition to more sustainable production practices for a sector (i.e. pharmaceutical) that is notoriously complicated to decarbonise due to strict regulatory constraints. Another important project is Smart Pharma, supported by Italy’s Ministry of Enterprises and Made in Italy (MIMIT), which strives to introduce innovative technologies to the company’s production sites in order to facilitate the green and digital transition, based on artificial intelligence, augmented reality, advanced production technologies and more sustainable materials and packaging. On a similar note, the company is involved in European initiatives working to optimise the use of solvents in the production of active pharmaceutical ingredients from a circular perspective and to study the feasibility of innovative and sustainable technologies in the pharmaceutical sector. This includes the Pharmasea initiative investigating the biological effects of pharmaceutical active ingredients in marine ecosystems. Angelini Pharma also initiated the My Green Lab certification process for the analytical R&D laboratory, and the LCA (Life Cycle Assessment) across five different products, in addition to the Corporate Carbon Footprint analysis. The importance of employees is another ongoing area of focus for Angelini Pharma: as a matter of fact, the company has been confirmed Top Employer (Europe and Italy) for the fourth year in a row and in 2023 achieved UNI/PdR 125:2022 certification for gender equality in Italy.

Innovation and sustainability are areas where also Angelini Technologies – Fameccanica performed brilliantly, receiving numerous awards and prizes. Having surpassed the ceiling of 1,100 active patent applications, the company joined the Top 100 of the Sustainability Award 2023 and was one of the most innovative companies in Italy according to the Report EPO (European Patent Office) for the number of patents granted in 2023, namely 190 patents. It was awarded the SMAU Abruzzo Innovation Award and received the Silver Medal according to the EcoVadis sustainability rating, ranking among the top 15% of global companies for sustainability (of a total of over 110,000 companies across the world that underwent assessment). In a rapidly changing social and market environment, skills development and talent retention are a strategic asset for Angelini Technologies – Fameccanica, as demonstrated by the Lifelong-Continuous Learning project, for the lifelong and continuous growth of core skills that has now delivered 18,508 hours of internal and on-the-job training on health and safety, technical training, managerial, IT/technology and quality system skills in collaboration with Angelini Academy and leading national and international training institutes and business schools. Lastly, one of the Company’s main goals in terms of commitment to the environment is the achievement of greater efficiency and energy autonomy from renewable resources: the new compressed air generation and hydro filter facilities were replaced, and photovoltaic panels installed at the Italian site, covering approximately 20% of energy requirements.

The first sustainability profile of Angelini Ventures – the Angelini Industries company that operates in the venture capital sector and invests in biotechnology, life science and digital health startups – demonstrates the attention paid to sustainability as an enabling factor of innovation and inclusion. For Angelini Ventures, true innovation in the healthcare sector requires investment in innovation to promote health equity and health access and support for diversity and inclusion within the team and the portfolio companies. With reference to the latter in particular, within the global team women account for 50% at operational and leadership level, whereas in the current investment portfolio of Angelini Ventures, 40% of CEOs are women.

Lastly, Angelini Wines & Estates continues its commitment to innovation and sustainability through farming practices that protect biodiversity and preserve natural resources such as the programme launched to grow plants and extracts in vineyards that attract bees, thus promoting the natural process of pollination; or the Wine Quality Monitoring project to develop, industrialise and market a pocket-sized analytical device for the simple, accurate and on-site determination of wine quality levels: the first step towards the development of radically innovative sensors and biosensors for food quality and safety controls in the viticulture sector. Environmental efforts do not stop with the production sector but embrace a wider vision, as can be seen with the NOMACORC Pops Ocean project, developed alongside Vinventions to create the first closure for sparkling wines made using recycled plastic waste that would otherwise finish in our oceans, actively contributing to the protection of marine ecosystems.

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*The number of employees is considered by counting 100% of those attributable to Fater, a 50-50 joint venture between Angelini Industries and P&G.

**The EVG&D was calculated by reclassifying the Income Statement of the consolidated financial statements of Angelini Holding S.p.A., whose scope is in continuity with the Sustainability Reports for previous years.

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Angelini Industries is a multinational industrial group founded in Ancona, Italy in 1919 by Francesco Angelini. Today, it is a solid and well-structured industrial business with around 5,800 employees operating in 21 countries worldwide, with revenues of 2.1 billion euros generated in the health, industrial technology and consumer goods sectors. Its growth-oriented investment strategy, constant commitment to research and development, and deep knowledge of markets and business sectors make Angelini Industries an Italian leader in the sectors in which it operates.  The Group is committed to lowering its environmental impact and finding increasingly more cutting-edge solutions from the perspective of circular economy. It adopts the most advanced standards on worker health and safety and the most rigorous processes to ensure maximum quality by checking the entire supply chain: from supplier certification and control of raw materials, from the production process to the finished product and packaging, all the way to spot checks in stores.  For over 100 years, the Angelini family has guided the evolution of Angelini Industries with an entrepreneurial style that is typical of Italian family capitalism. To learn more, visit angeliniindustries.com

Media contacts

Angelini Industries

Alessandra Favilli – Group Chief Communication Officer

alessandra.favilli@angeliniholding.com – press@angeliniindustries.com

SEC Newgate Italy

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Fausta Tagliarini – fausta.tagliarini@secnewgate.it – tel. +39 3476474513

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Giulia Cominotti – giulia.cominotti@secnewgate.it  – tel. +39 3391499949