Sustainability strategy


 

We are a Benefit Company, certified B Corporation

“In the past thirty years we have been operating exclusively in the bioproducts field and building integrated biorefineries for bioproducts, fundamental infrastructures for the development of circular bioeconomy. We pay attention to the production, the use and the end-of-life of products, starting from our commitment to soil regeneration, integrated supply chains, application of new technologies to give value to waste and by-products, promoting local projects. Today, we are a Benefit Company and a B Corp that has chosen by statute to act as a regenerative force, promoting transparency and driving entire supply chains towards ever higher environmental, social and governance standards, helping them to become an active part of change. Convinced that this is the right recipe for a more sustainable transition, we will continue to go beyond profits, contributing to create systems that have a positive impact on society and continuing to apply high standards for us and for our stakeholders".

Catia Bastioli – Chief Executive Officer of Novamont
 

Common Benefit: A commitment embedded in the Articles of Association

For Novamont, sustainability is a defining element of its identity and has always guided its business approach to business and its commitment to promoting a more sustainable and inclusive economic model. To make this commitment even more tangible and binding, in 2020 Novamont amended its Articles of Association, becoming legally a Benefit Company, (BC), a legal form of business, introduced in Italy in January 2016 to enable entrepreneurs, managers, shareholders and investors to protect the company's mission and stand out in the market from all other corporate forms through a virtuous and innovative legal form For the latest data on the diffusion of the Benefit Company model in Italy, please refer to the Assobenefit website.

Beyond seeking profits, the corporate object of a Benefit Company includes making a positive impact on society and on the biosphere. Therefore, in pursuing their corporate activities, in addition to focusing on profits, BCs voluntarily pursue one or more common benefit purposes, formally embedding these commitments in their Articles of Association.

As a Benefit Company, in order to achieve the corporate purpose, Novamont pursues common benefit objectives, operating in a responsible, sustainable and transparent way towards people, communities, territories, cultural and social assets and activities, bodies and associations and other stakeholders.
 

B Corp Certification and the Continuous Improvement Journey

Benefit Companies are required to measure their results in terms of social and environmental impact with the same comprehensive, rigorous approach adopted for economic and financial results.

The measurement protocol adopted by Novamont is the B Impact Assessment (BIA).
 
Using this tool to measure economic, environmental and social impacts, Novamont exceeded the threshold of 80 points, verified by B Lab's Standard Trust on a scale of 0 to 200 points, and was then qualified as a Certified B Corp in July 2020, with a score of 104. Novamont has thus become part of a global movement that aims to spread a more evolved business paradigm (For more information please refer to the B Lab website: www.bcorporation.net). In 2023 Novamont undertook a new certification process which also involved the BioBag Group, acquired in 2021. The process concluded positively with a score of 128 for Novamont and 86.3 for BioBag, resulting in an overall score of 118.8.

In 2026 B Lab introduced new B Corp Standards (V2.2).

Unlike the previous approach, which was based on achieving a minimum score threshold, the new standards establish more rigorous and specific requirements and sub-requirements across multiple impact areas, with the aim of promoting concrete and measurable actions throughout the entire value chain. In addition, the new B Corp framework introduces mandatory independent third-party verification to ensure maximum transparency and objective alignment with sustainability standards.

For Novamont this evolution represents an opportunity to further advance the continuous improvement journey undertaken over the years, strengthening the integration of sustainability, governance and long-term value creation.
 

Measuring and reporting the value generated

To properly monitor its progress in achieving the objectives of common benefit, as a Benefit Corporation, since 2021 Novamont is committed to reporting its own activities transparently and comprehensively through an annual Impact Report. Starting from the 2025 financial year, the company has decided to prepare a single reporting document that integrates into the Impact Report the content and indicators that were previously presented in the Sustainability Report, thus creating a more comprehensive, consistent, and integrated  reporting tool.

Impact Report 2025

 

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The unification of the Impact Report and the Sustainability Report makes it possible to present, in an integrated manner, both the impacts generated in pursuit of the common benefit purposes set out in the Articles of Association and the main ESG performance indicators, drawing inspiration from international sustainability standards, while avoiding duplication of information and strengthening coherence between the benefit mission and the sustainability strategy. 

The definition of the topics reported and the objectives monitored is also based on a double materiality assessment, which makes it possible to evaluate, on the one hand, the impacts of the companys activities on people, the environment and local communities and, on the other hand, the effects that environmental, social and governance factors may have on the companys performance and its ability to create value over time.
This approach enables the identification of the issues that are most relevant to the organization and its stakeholders, supporting their proactive management through a continuous improvement perspective and guiding monitoring and reporting activities in a transparent and consistent manner.
 

Double Materiality at Novamont

The identification of environmental, social and governance more relevant topics is based on periodic analysis and stakeholder engagement processes. Through the double materiality approach, Novamont assesses both the impacts of its activities across the value chain and the risks and opportunities that ESG factors may generate for the business.

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Sustainability policy and commitee

In 2020 Novamont adopted a Sustainability Policy, the document that formalises the principles and actions through which it aims to "make a significant contribution to the circular economy, by promoting a bioeconomy model with roots in the territories, the goal of which is to protect and regenerate soil and waters”.
 
For further information please read NOVAMONT’s Sustainability Policy.
 
At the same time, in order to ensure an increasingly integrated sustainability management in its business, a Sustainability Committee has been established. The Committee works in synergy with all corporate functions and contributes to raising strong awareness and integration of sustainability issues in all business activities.


Novamont and Its Voluntary Non-Financial Reporting

Novamont has a long track record of voluntary non‑financial reporting: in fact, it has been publishing its own Sustainability Report from 2008 until 2024, on an annual basis, through a process of continuous improvement and in accordance with the most recent regulatory reporting developments1 and the most reliable international reporting guidelines.

Following the acquisition by Versalis, the complete information and the quantitative and qualitative indicators relating to the Novamont companies are now included in “Versalis for”, the parent company’s voluntary sustainability report.

With the aim of making the communication of its sustainability strategy more effective and presenting the results achieved in a more consistent and integrated manner, Novamont has decided, starting from the 2025 financial year, to prepare a single reporting document that integrates into the Impact Report the content and indicators that were previously presented in the Sustainability Report.

 

UN Global Compact 

Since 2020 Novamont has been committed to the UN Global Compact corporate responsibility initiative and its principles in the areas of human rights, labour, the environment and anti-corruption.

Novamont's commitment is stated in the Letter of Commitment and at www.unglobalcompact.org.

Download our Communication On Progress (COP) Advanced, through which companies, that have joined the UN Global Compact, provide annually valuable information to stakeholders about their activities and achievements in regards to the integration of the Ten Principles.

Open-es

With the aim of strengthening oversight of its supply chain and establishing increasingly virtuous business relationships with its suppliers, in 2024 Novamont joined Open-es, a system-wide alliance bringing together finance, industry, associations and institutions with the aim of supporting companies on their journey towards more sustainable development.

Open-es is a community of more than 47,000 companies across 124 countries and 66 industrial sectors. Through an open digital platform, companies can measure, analyse and improve their environmental, social and governance (ESG) sustainability performance.

 

EcoVadis

Founded in 2007, EcoVadis is an independent CSR rating agency committed to fostering improvements in sustainable supply chain management. EcoVadis' main tool is an online platform that allows companies to monitor and evaluate their sustainability practices and share the results. The assessment methodology includes several international sustainability standards (Global Reporting Initiative, UN Global Compact, ISO 26000) and is based on 21 CSR criteria grouped into four categories: Ethics, Environment, Labor Practices and Human Rights, and Sustainable Procurement.
Novamont has been using the EcoVadis platform since 2015, renewing the assessment of its sustainability practices annually. In 2025, the rating resulted in a score of 77/100. 

Sustainability Programs And Initiatives

Novamont believes that sustainability is possible only if shared and that the interconnections between companies, associations, research institutes, institutions and civil society are fundamental to accelerate the development model. Therefore, the company decided to join some of the key national and international Corporate Social Responsibility initiatives.

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Certification Notice

“Certified B Corporation” is a trademark licensed by B Lab, a private non-profit organization, to companies like ours that have successfully completed the B Impact Assessment (“BIA”) and therefore meet the requirements set by B Lab for social and environmental performance, accountability, and transparency. It is specified that B Lab is not a conformity assessment body as defined by Regulation (EU) No 765/2008, nor is it a national, European, or international standardization body as per Regulation (EU) No 1025/2012. The criteria of the BIA are distinct and independent from the harmonized standards resulting from ISO norms or other standardization bodies, and they are not ratified by national or European public institutions.