Ficosa celebrates 20 years of adherence to the Global Compact and continues to strengthen its commitment to sustainability

September 30, 2022 EcoVadis ‏‏‎


In 2002, Ficosa was one of the country’s first companies in the sector to join the Compact, as part of its commitment to sustainable development, which is key to the company’s present and future strategic vision.

Since then, Ficosa has periodically renewed its participation in the Global Compact, aligning its sustainability strategy with the Sustainable Development Goals (SDGs) across the organisation in all 16 countries in which it operates. This strategy encompasses a variety of projects in the environmental, social and governance fields, and it extends along the entire value chain, encompassing employees, customers and suppliers.

One of the company’s main goals in this regard is to achieve climate neutrality by 2030, reducing 100% of Scope 1 and Scope 2 emissions. To this end, efforts are being made to increase the use of renewable energies to the detriment of fossil fuels. So, for instance, the company is constantly analysing its processes to make more efficient use of its resources. It is also developing various projects in this regard, such as the installation of photovoltaic panels on the roof of some of its plants, some examples of which are already in operation in Taicang (China) and Maia (Portugal). Furthermore, 11 of its centres already use 100% renewable energy, and, by the end of the year, it is estimated that around 64% of the Group’s electricity consumption will be from renewable sources. Through these initiatives, it is estimated that CO2 emissions will drop by 17,800 tonnes in 2022 alone.


Read the full article at: www.automotiveworld.com

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EcoVadis ‏‏‎

EcoVadis is the world’s most trusted provider of business sustainability ratings, intelligence and collaborative performance improvement tools for global supply chains. Backed by a powerful technology platform and a global team of domain experts, EcoVadis’ easy-to-use and actionable sustainability scorecards provide detailed insight into environmental, social and ethical risks across 200+ purchasing categories and 175+ countries.

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