Our Sustainability Journey
When it comes to our hybrid manufacturing and distribution processes, we consider the impact to both the environment we live in and people we live with. Our approach to sustainable business practice focuses on limiting the impact of our production on the planet, caring for our people and working in an ethical manner.
We have become increasingly demanding on our commitments and performance regarding sustainability. We want to transform our global impact using a more sustainable model. This is why we have built our new sustainability strategy. We wish to meet the ever-changing demands for sustainable business and ensure the company’s future value by working on our supply chain, people, products, environmental impacts and business ethics.
Our strategy is only the beginning - our goal is to see the immediate positive impact of our transformation on the environment we all share.
Our Sustainability Approach
Aceto's sustainability strategy has been built on key environmental, social and societal topics that we identified through extensive research with our employees, suppliers and customers. The most pressing concerns identified in this research have been categorized under five sustainability topics: Governance, Planet, People, Product and Supply Chain.
Our Sustainability Strategy
Our sustainability strategy is focused on three key areas:
1. Ensure environmental and social standards in our supply chain
2. Monitor carbon emissions and reduce our climate impact
3. Care for our products' environmental footprint
These are supported by three secondary commitments:
1. Protect and develop our people
2. Limit the impact on the environment of our facilities
3. Work ethically
Strategy Key Areas
1. Supply Chain
i. By the end of 2023, review the environmental practices of all key suppliers
ii. By 2026, all suppliers must operate above an acceptable level of sustainability
i. In 2022, measure scope 1, 2 and 3 greenhouse gas emissions
ii. By the end of 2022, define reduction targets for emission sources with the most significant environmental impact
iii. By 2023, define reduction targets in line with Paris agreement
i. In 2022, map the environmental impact of our core product & packaging portfolio
ii. By the end of 2022, perform a Life Cycle Assessment on our core product range
iii. In 2022, adhere to, and exceed where possible, product regulations and customer expectations
i. By 2023, harmonize a social standard for all employees globally
ii. By the end of 2022, ensure all employees are educated in the importance of diversity & non-discrimination
iii. In 2022, offer flexible working arrangements to all employees where appropriate
i. In 2022, monitor waste management and spill prevention control in line with local regulations
ii. In 2022, ensure the highest levels of occupational safety standards are implemented in all locations
i. By the end of 2022, put a minimum of 80% of employees through anti-corruption and anti-bribery training
ii. By the end of 2022, ensure all new suppliers adhere to the company’s ethical standards