December 14th, 2023 – (BMV: AGUA*) Rotoplas hosted its investor day yesterday, where top management shared an update of their business and sustainability strategy results and targets. The key messages for the ESG strategy in the event were:
Progress within the Sustainability Strategy:
- Profit:
- Completed ESG evaluations for 50% of critical suppliers as of November 2023, surpassing its initial goal.
- Positive trends in Annual Net Promoter Score.
- Planet:
- On track to meet emission intensity targets for Scope 1 and 2 per ton of processed resin.
- People:
- In line with targets to provide access to water and sanitation.
- Rotoplas will be implementing the Mexican standard for labor equality and non-discrimination during 2024.
- Reactivated the Program for Support in Affected Zones (PAZA) in response to Hurricane Otis in Guerrero, donating P$6.0 million, and benefiting ~240 thousand people.
Climate Change Strategy towards Net Zero by 2050:
- Set a definitive baseline year for its GHG inventory and submitted its targets to the Science Based Targets initiative (SBTi), transitioning from a carbon neutrality goal to aiming for net zero.
Presentation of new sustainability governance structure:
- Introduced the Sustainability Committee 2.0, a revamped effort in orchestrating initiatives across all ESG dimensions through multidisciplinary workgroups.
- Looking to standardize sustainable practices across diverse regions (Argentina, Peru, Brazil, and USA) in coming years.
Miranda ESG applauds the company’s ability to show progress on its sustainability targets and strategy and looks forward to seeing how Rotoplas progresses in its ESG efforts in the short and medium term.
Miranda Newswire – Download full press release and report
ESG Contact Details
Marimar Torreblanca, CFA, CEO
marimar.torreblanca@miranda-newswire.com