Giorgetti continues its steadfast commitment to sustainability, presenting its fifth Sustainability Report, which highlights the company's ongoing efforts in environmental responsibility, human capital development, and investment in research and development. These foundational elements reaffirm Giorgetti's dedication to the Sustainable Development Goals (SDGs) for 2030.
The company has embedded sustainability deeply into its business strategies, viewing it not merely as a regulatory requirement but as a crucial driver of growth and innovation. This commitment reflects Giorgetti's long-standing values, rooted in a history spanning over 126 years, aimed at fostering long-term value and maintaining a strong connection to local communities.
The 2023 Sustainability Report provides an overview of Giorgetti's achievements in economic, social, and environmental responsibility over the past year. 'The 2023 results reflect Giorgetti's ongoing dedication to sustainability. The company's efforts go beyond environmental protection and focus on enhancing employee well-being, investing in new production facilities and machinery, and developing digital platforms, which are key for transitioning to a more sustainable economy. These initiatives further align with the UN's Sustainable Development Goals 2030, to which Giorgetti is committed,' said Giovanni del Vecchio, CEO of Giorgetti Group.
The report is structured around four core areas: Economic Responsibility and Governance, Responsibility Towards People, Environmental Responsibility, and Product Responsibility. One of the notable highlights of 2023 was a 2% increase in turnover compared to the previous year, driven by growth in incoming orders. This growth reflects Giorgetti's focus on sound, transparent management practices aimed at sustainable development. Nearly 90% of the economic value generated was redistributed to stakeholders, including suppliers, with 88.4% of total expenditure allocated to local suppliers.
Giorgetti has made significant investments in new projects and contracts, particularly in retail and residential sectors. The company has strengthened its economic transparency measures through tools such as monthly reporting and business intelligence to track sales by geographic region and product type. A key focus area remains the sustainability of its supply chain and production processes, particularly in selecting suppliers who adhere to strict environmental standards such as the Forest Stewardship Council (FSC®).
Human capital continues to play a vital role in Giorgetti's sustainability efforts. The company remains committed to fostering diversity, inclusion, and equality, which are central to its human resources strategy. In 2023, Giorgetti saw a 22% increase in female hires, reflecting its ongoing focus on gender equality. The workforce benefited from welfare programmes and work-life balance initiatives aligned with employees' personal and professional growth objectives. With a management-employee ratio of 1:11, Giorgetti has further strengthened its development policies, offering training courses aimed at enhancing employee skills. The company also supports local vocational schools, providing students with opportunities for practical experience and orienting training courses to meet industry needs.
Giorgetti has continued to prioritise environmental sustainability, reducing hazardous waste production by 28% compared to the previous year through more efficient resource management. The company has installed photovoltaic systems at its production sites in Meda and Lentate, contributing to renewable energy use and reducing its carbon footprint. In 2023, the Group generated approximately 48.8 GJ of self-produced electricity, avoiding the emission of 28.9 tonnes of CO2. Additionally, energy consumption fell by 1.6% compared to the previous year. Giorgetti has maintained its FSC® certification, ensuring traceability of the timber used and supporting responsible forest management.
In 2023, Giorgetti reinforced its commitment to innovation by dedicating approximately 1% of turnover to Research and Development (R&D), leading to the creation of 18 new product models. The company produced over 21,619 items, demonstrating its focus on quality and innovation, which allows Giorgetti to meet the design needs of customers in 115 countries. This innovative approach to interior design has been further enhanced by the expansion of Giorgetti's global showrooms, including recent openings in New York and Shanghai.
For Giorgetti, sustainability also extends to product durability. The company is committed to producing "Responsible Products" made from high-quality materials that are built to last and contribute to future generations.
To explore Giorgetti's full Sustainability Report and its accompanying abstract, visit the company's website.
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Giorgetti
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