An economic value of 769.3 million Euros generated and distributed to stakeholders
Mapei’s Sustainability Report for 2017 has been published. Unlike the previous one, the 2017 Report is not only about Mapei S.p.A.; it also covers the Group’s Italian subsidiaries.
“And it is precisely the inclusion of our Italian subsidiaries within the framework of the Report that represents the most significant change: Adesital, Cercol, Mosaico+, Polyglass, Vaga and Vinavil are all on board with the parent company in acknowledging the importance of honest, transparent dialogue with all their stakeholders and consider sustainability to be one of the core principles of the way they do business”, declared Giorgio Squinzi, CEO of Gruppo Mapei.
Mapei has always put the concept of sustainability at the very heart of its production and commercial system. Which is why, this year too, it has chosen to continue on the important journey it undertook in 2017: to release figures about the Group’s activities in the field of sustainability in order to give a truthful and transparent picture of the Group, of its values and of its environmental, social and economic performance.
The task of identifying Mapei stakeholders conducted last year has been validated, while mapping out the issues considered important for Mapei, that is an analysis of the concept of materiality according to GRI (Global Reporting Initiative) Sustainability Reporting Standards, has been updated to take into account the new framework of the 2017 Report.
The initiatives undertaken by Mapei, and which are presented in the 2017 Sustainability Report, may be summarised by the following four areas:
The economic value generated by the business activities of the parent company and Italian subsidiaries was 823.1 million Euros, of which 53.8 million was withheld by the Group and 769.3 was distributed to the main stakeholders (+8.4% between 2015 and 2017).
“Over the years Mapei, which has always been an example of proactive behaviour by dedicating an increasing level of attention to Sustainability and gradually combining it with the concepts of Internationalisation, Research and Development and Specialisation, the three traditional mainstays of its corporate strategy”, added Giorgio Squinzi.
Founded in 1937 in Milan, Mapei now has 87 subsidiaries, including the parent company, 81 production facilities in 35 different countries in 5 continents, a forecast turnover for 2018 of €2.5 Billion and 10.000 employees around the world.
The foundations for the success of the company are specialisation in the world of building by offering certified products and systems to meet the requirements of clients and market demand; internationalisation to be more in tune with local needs and to reduce transport costs to a minimum; Research and Development which receives the most support from the Company in terms of both investments and human resources.