10 July, 2023
Riwal Sustainability Report 2022
Measuring our environmental and social impact
Our focus on sustainable growth lies at the heart of our business strategy. We seek to incorporate sustainability across our activities. Through our strategy and responsible business practices, we contribute to the UN Sustainable Development Goals (SDGs) which form the blueprint to achieve a better and more sustainable future for our planet.
By including social, environmental and economic factors in our operations and decision-making process, we have embraced sustainability as an integral part of our business. In our Sustainability Report, in line with the Global Reporting Initiative, you can read all about our efforts to accelerate these important developments.
What do we focus on in our daily activities? The highlights are:
- Active UN participant
- Materiality assessment
- Sustainable procurement
Active UN participant
Riwal became a participant in the UN Global Compact this year. Our alignment with the UN 2030 agenda means we can make a significant contribution by focusing on 7 of the UN’s 17 Sustainable Development Goals (SGDs): to improve waste management, health and wellbeing, increase knowledge base in industry, increase water-use, energy and resource efficiency and increase diversity and our people’s engagement. By sharing ideas and best practices and creating engagement among the Riwal countries, we believe we can reach our 2030 targets and lift sustainability within our business.
As part of our systematic approach, we regularly perform materiality assessments, providing an opportunity to analyse our environmental, social and governance risks and opportunities. By doing so, we can identify and regularly review the potential impact of our business activities, prioritising our actions on the most impactful and relevant topics for our stakeholders. We also monitor external trends and other industries, to understand how to grow our business sustainably and make adjustments to our business strategy if necessary.
Materiality assessment
Sustainable procurement
On top of making our own operations and sourcing decisions more sustainable, we encourage the market to innovate and deliver sustainable products or services. Our suppliers play a very important role in achieving our objectives. We expect our current and future partners to follow the latest compliance requirements and adhere to similar values we work with, such as encouraging diversity in the workforce and investing in environment-friendly technology.