Rotoplas: 4Q23 ESG developments; closing strong

February 08th, 2024 – (BMV: AGUA*) Miranda ESG reiterates its views on Rotoplas’s key ESG achievements, opportunities, and risks. The Company announced its fourth quarter 2023 earnings results yesterday. As usual, some interesting ESG developments came up since our last report in October 2023 that are worth noting:

  • Grupo Rotoplas achieved 5 of its 6 published ESG goals. It did not reach its gender goal since it decided to focus on improving its facilities and organizational culture before increasing the number of women in the workforce.
  • There was a ~12% reduction in Scope 1 and 2 CO2 in 2023.
  • 12,428 tons of recycled resins were used during 2023, equivalent to 24% of the total resins processed.
  • Four volunteering programs were organized in Mexico, Peru, and Argentina, collecting 2.6 tons of waste from water bodies, and delivering 8 biopozo toilets to communities in need.
  • Rotoplas’s sustainable culture was promoted through internal communication and onboarding courses for new personnel.
  • Board members were trained on risks related with the digitalization of operations.
  • A human rights assessment was carried out for the first time at the Group level and the Diversity and Inclusion Committee was formally established.
  • In December, bebbia and Rotoplas took part in the Annual Demonstration for Individuals with Disabilities in Mexico City. Bebbia also provided hydration services during the event.

Overall, Rotoplas maintained its commitment to its ESG goals. Miranda ESG will continue to monitor developments in coming quarters and would expect the Company to continue working on its many sustainability fronts.

 

Link to the report: Download Report

Miranda Newswire – Full Press Release: Download PDF

 

ESG Contact Details

Marimar Torreblanca, CFA

Phone: +52 55 5282 2992

Email: marimar.torreblanca@miranda-newswire.com

www.miranda-esg.com

 
About Miranda ESG
At Miranda ESG, we help our clients navigate the new challenges and complexities ESG integration brings by applying the latest global best practices within a Mexican context.

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