Strategy and Management

Commitment

Corticeira Amorim's Sustainability Strategy is aligned not only with the Company's Values and Mission and in-house policies, but also with its commitment to stakeholders and to the UN sustainable development goals (SDGs).

Implementation is achieved through the involvement of top management and the teams responsible for implementation of sustainability initiatives

Interaction with Stakeholders

Regular stakeholder consultation is considered to be essential for definition and subsequent validation of strategic options and for understanding the expectations of the main stakeholders.

Alignment with UN Sustainable Development Goals

In view of the commitment and ambition, Corticeira Amorim has identified 12 SDGs as priorities for its Sustainable Development Strategy: SDG3, SDG4, SDG5, SDG6, SDG7, SDG8, SDG9, SDG11, SDG12, SDG13, SDG15 and SDG17.

Involvement of Top Management

The strategic alignment of the entire organization is enhanced by the use of the balanced scorecard methodology, with the Board of Directors responsible for approving the strategic objectives, strategic initiatives and priority actions, and the Executive Committee for their regular monitoring.

Corticeira Amorim has an E.S.G. (CESG), a permanent specialized internal committee, with the mission of advising you on the monitoring, supervision and strategic guidance of Corticeira Amorim in the field of corporate governance, social responsibility, environment and ethics matters.

Integration of the Operational Area

The teams responsible for implementing sustainable development practices in each BU, implement the initiatives and actions that are necessary to meet the defined objectives and regularly monitor their performance. It is also up to them to identify and propose necessary actions to support the fulfilment of the defined objectives and goals, to carry out internal and external benchmarks to leverage organisational performance and to identify and propose new challenges.

Strategic sustainability priorities

Sustainability Wheel
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Ethics and Integrity

8: Trabalho digno e crescimento económico

17: Parcerias para a implementação dos objetivos

Act appropriately and ethically, with transparency and responsibility, in favor of competitiveness and the creation of long-term value.

Our main goals

Integrate measures related to climate change;
Protect labour rights;
Foster balanced, prudent management and sustainability;
Be transparent and accountable;
Sustain economic growth.

Value Chain

Strengthen responsible production and consumption and preferentially select suppliers that adopt good ESG practices.

Our main goals

Eradicate forced labour and child labour;
Promote sustainable management and efficient use of resources;
Strengthen partnerships for sustainable development.

Cork Oak Forest

Preserving ecosystems and ecosystem services by increasing knowledge, mobilising resources and proposing measures.

Our main goals

Strengthen efforts to protect and safeguard cultural and natural heritage;
Promote the implementation of sustainable forest management and mobilise resources;
Integrate the values of ecosystems and biodiversity.

Climate Change

Reduce the environmental impact of operations through the adoption of renewable, affordable and efficient solutions.

Our main goals

Increase the use of renewable energies;
Improve energy efficiency;
Reduce negative environmental impact;
Increase water use efficiency.

Circular Economy

Apply the principles of the circular economy through waste reduction, prolonging the life of materials and regenerating natural systems.

Our main goals

Improve the efficiency of global resources, achieving sustainable management;
Substantially reduce waste generation, reducing, recycling and reusing materials;
Manage the use of chemical products in an environmentally sound manner.

Green Products

9: Indústria, inovação e infraestruturas

Maintain a proactive role in the development of the already vast field of application of cork, supported by the innate characteristics of the material.

Our main goals

Strengthen resilience and capacity to mitigate and adapt to climate-related risks;
Modernize infrastructure and rehabilitate industries to make them sustainable;
Reduce negative environmental impact.

Development

Promote personal and professional development for all.

Our main goals

Ensure training for all;
Ensuring equal access to opportunities;
Ending all forms of discrimination.

Safety, Health and Well-Being

Ensure the safety, health and physical and psychological well-being of workers, promoting adequate work environments.

Our main goals

Promote safe and secure work environments for all workers;
Provide access to quality essential health services;
Reduce the number of accidents at work.

Community/Society

Leverage economic growth in a sustainable and inclusive way, ensuring efficient production and decent work for all.

Our main goals

Sustain economic growth;
Strengthen the global partnership for sustainable development.

Innovation

Support and promote research, development and innovation and promote sustainable solutions.

Our main goals

Support productive activities, entrepreneurship, creativity and innovation;
Strengthen scientific research.

Sustainability Management

The Board of Directors of Corticeira Amorim, chaired by the Chairman & CEO and comprising the Chief Sustainability Officer (CSO), is responsible for promoting ESG issues in the business, as well as approving the strategic objectives, strategic initiatives and priority actions.

Periodic monitoring is carried out by the Executive Committee. The day-to-day management of ESG issues is under the leadership of the CSO and coordination of the Head of Corporate Sustainability (HCS), together with the other support areas and those responsible for sustainability of the five BUs. Each BU has a team responsible for supporting the implementation of the Sustainability Strategy.

Organization Structure
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