Table of contents
Introduction to our company
3 3 4 5 7 8 9
Environment
49 50 51 52 53 54 55 57 58 59 60 61 62 63 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 85 87 89 94
Letter from the President Growing our business Sustainable operations
Our environmental management system
Carbon footprint
Decarbonisation according to SBTi Our 2023 Carbon footprint
Commited to a flourishing society
Company overview
LCA
IMG Group global presence
Energy management Waste management
Our context Looking ahead
10 13 14 15 16 18 19 22 24 25 26 28 29 30 31 33 34 36 38 39 40 41 42 43 44 46 47 48
Pioneering environmental protection Assessment of the wastewater treatment plant
Regenerative management
Water management
Biodiversity
Putting regenerative principles into practice
Partnership for reforestation
Inisider's opinion Sustainability pillars Sustainability topics
Governance
Selenis’ Regenerative KPIs
Ethical business management Sustainable supply chain management Relationships with our stakeholders
Our contribution to sustainable development
ESG Policy
Our approach to the TCFD
Employee wellbeing and development
Business Coalition for a Global Plastics Treaty The Association of Plastic Recyclers Committed to the Plastics Pact targets Certifications and recoginitions achieved in 2023
Our employees over the world
Fostering diversity
Occupational Health and Safety Training and professional development Gender equality and inclusion
APR Design® Recognition
Occupational Health & Safety ISO 45001
adaPETation®
Health and wellbeing Supporting families
Circular economy
IMG for ALL
100% recyclability of our products
Social impact
Targeting 70% of recycled post-consumer content
Selenis is promoting textile-to-textile
2023 social impact highlights
Fostering holistic education and training for all
Innovation
Skills and training for employment Empowering waste collectors Fostering universal values
Bio-based materials
Bio-MEG
FDCA
Addendum GRI Index
Selcare™
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Sustainable Medical Grade alternatives to PCT
Letter from the President Introduction to our company
2023 has been a year in which we continued to build our strong foundations to improve and expand our operations, while keeping our constant commitment to sustainability and regenerative practices. We worked across our four priority areas: fostering sustainable growth by embedding our values in our company culture, diversifying product offerings and markets, emphasising sustainability to differentiate the Group's commitment, and identifying synergies across businesses to optimise value capture and retention. These priorities are aimed at achieving both long-term aspirations and immediate objectives, driving our group towards a more sustainable and regenerative future while capitalising on its scale, integration, and resources. Selenis believes that the path towards a greener and a waste-free future is only possible by navigating along three roads: recycling, recyclability and bio-based. This is why the preceding year marked the beginning of several strategic partnerships within the sustainability ecosystem. We successfully incorporated a textile-to- textile consortium, enabling us to accelerate our chemical recycling technology whilst tackling a severe issue on the today’s world; certified the recyclability of our resins, continuing to pave our way into a closed loop economy; partnered and deployed several projects within the bio- based sphere, contributing to a lower carbon footprint and connecting the entire plastic value chain. As part of our growth and diversification strategy, in 2023 Selenis launched a new medical brand for the healthcare industry: Selcare™. We worked together with suppliers, technical teams and clients in developing our proposition to support healthcare customers looking for more sustainable alternatives, while ensuring the highest standards on technical and regulatory compliance.
Circularity, bio-materials, renewable energy, and energy efficiency are part of our key strategies towards our goals of reduction of our carbon footprint. To reinforce our decarbonisation plans, we adhered to the Science-Based Targets initiative (SBTi), as a complement to our ongoing calculation of Life Cycle Assessments (LCAs) of all our products. These initiatives are part of our commitment to transparency and reduction of carbon footprint. Another important milestone in 2023 was the certification of our production facility in Portugal under ISO 45001 for Occupational Health and Safety Management Systems. This achievement underscores our dedication to upholding the highest standards of safety, health, and environmental responsibility. Looking ahead, our focus remains on driving regenerative management practices, fostering innovation, and strengthening partnerships to create lasting positive impacts. We are actively engaged in initiatives such as the Business Coalition for a Global Plastics Treaty, demonstrating our commitment to collaborative solutions for tackling plastic pollution. In conclusion, I want to express my gratitude to our employees, customers, partners, and other stakeholders for their unwavering support and dedication to our sustainability journey. Together, we will continue to lead the way towards a more sustainable and regenerative future. Manuel Matos Gil Group President
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Growing our business Highlights 2023
reaching +84M Americas 17% Europe 81% Rest of the world 2%
years pioneering PET solutions
198 active clients 44 countries
+9% increase in net production
176 global team members
+10% vs 2022
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Sustainable operations Highlights 2023
100 % of sites adopted
26% recycled content utilised in our group
methodology
equivalent to recycling
1.4 billion PET water bottles
10 industry association memberships
¹ Calculated based on the weight of 1.5L PET water bottle (25 grams)
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Sustainable operations Highlights 2023
ISO 45001 certification in Selenis Portugal
EcoVadis silver medal achieved by Selenis Portugal
Carbon Neutral by 2050
-2% carbon intensity vs 2022
-10% energy intensity vs 2021 baseline year
18% renewable energy
77% electricity from renewable sources
-23% water intensity vs 2021 baseline year
-18% accidents vs 2021 baseline year
-47% accident
-81% accidents severity rate vs 2021 baseline year
32 hours training per employee
frequency rate vs 2021 baseline year
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Committed to a flourishing society Highlights 2023 31 social organisations and initiatives supported
at least 3,095 people directly benefited from our social impact program
Environmental awareness and education 1,807 children received environmental education
14 schools participated in our program
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Company overview Introduction to our company Selenis, a global supplier of high quality and innovative specialty polyester solutions for diverse applications, is a subsidiary of the IMG Group, a multinational with more than sixty years of experience in the industry. Selenis counts on batch and continuous SSP units, permitting the production of a wide range of polymers to meet highly technical markets. Our production configurations give us the flexibility to produce both amorphous and crystallised products. Our mission relies on employing our profound knowledge of polymers, formulations, and processing, to partner with our customers in developing future-fit solutions and commit to create opportunities.
Portugal Our specialty polyester production site in Portugal is composed of a variety of
polycondensation lines capable of producing a wide range of specialty polyesters for a variety of client applications. This configuration provides the flexibility to produce both amorphous and crystallised products. Our Portuguese plant is advantageously positioned for exports due to its proximity to major European markets and access to key international shipping routes.
Highly focused on innovation we centre our R&D in developing resins with high recycled content and 100% recyclability. Our progress in chemical recycling turns waste into the building blocks of our specialty resins, contributing to the fight against climate change.
In line with our vision to decrease the industry’s dependency on virgin fossil materials and to drive towards a net zero circular economy, Selenis has developed bio-based resins, increasing our portfolio of environmentally friendly resins. These initiatives fortify Selenis presence in the ecosystem as an innovative and trailblazing actor towards a more sustainable future. Hence, and proudly, Selenis is certified by Recyclass, APR, ISCC PLUS and EcoVadis. Selenis is devoted to playing a role in society’s collective response to the challenges we face, by jointly working across the value chain to create tangible solutions.
Italy The industrial site in Italy is strategically located in northern Italy, a very important logistics position to serve the most sophisticated market for the copolyester industry. The facility has a flexible configuration for the processing multiple formulations, resulting in the production of very special products that fit customers’ needs and provide different options to satisfy the demands and requirements of the final user.
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IMG Group global presence Company overview
Portugal Italy USA¹ Tunisia²
Portugal Brazil Mexico Italy
Portugal
Portugal Italy
Selenis Evertis
Renascis Renewis
¹ Refurbishment of production facilities, currently strategic logistics hub ² Tolling service to Selenis Portugal: start-up 2H 2025
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Our context Selenis operates in an uncertain economic and geopolitical environment, facing challenges such as rising energy prices, fossil energy dependence, humanitarian crises, and increasing demands from clients and consumers for sustainability and wellbeing. Despite progress in recycling rates, there's a global plastics waste management problem. The industry is moving towards a circular economy through investments in improving recycling infrastructure and sorting technology, collective action on consumer education, policy, and regulations, with notable policy changes in regions like the EU and the USA. Chemical depolymerisation technologies hold potential for improving PET circularity.
Key risks
Instability in energy prices Fluctuations in energy costs driven by climate change impacts, like extreme weather events and geopolitical tensions, affect energy markets. Scarcity of PCR (post-consumer recycled) materials Shortages in recycled materials due to increased demand, limited collection infrastructure, or disruptions in recycling supply chains. New tax frameworks for virgin PET and waste Introduction of taxes or levies on virgin PET production or waste generation to incentivise recycling and reduce environmental impact. Foreseeable taxation on CO₂ emissions Anticipation of taxes or penalties based on carbon emissions to encourage emission reductions and promote environmentally sustainable practices. Extraordinary energy expenses for temperature mitigation Additional costs incurred to mitigate the impacts of rising temperatures on operations, such as increased air conditioning or cooling requirements. Potential operational costs due to non- ESG compliant suppliers Costs associated with finding alternative suppliers compliant with Environmental, Social, and Governance (ESG) standards if current suppliers fail to meet sustainability criteria.
Higher energy and logistic expenses Increased costs related to energy consumption and logistics due to factors like rising fuel prices, transportation
disruptions, or inefficiencies. Operational costs for water management efficiency
Expenses associated with implementing water management measures to improve efficiency, reduce consumption, and comply with regulatory requirements. Increase in raw material costs Rising costs of raw materials due to factors such as geopolitical tensions, logistic barriers, or supply chain disruptions. Ecological and social barriers to plastics Challenges posed by environmental concerns and societal pressure against the use of plastics, leading to potential restrictions, bans, or consumer backlash. Changes in environmental legislation Anticipation of regulatory changes impacting business operations, such as stricter environmental standards, waste management requirements, or emissions limits.
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Key opportunities
Our strengths
Our improvement areas
Reducing fossil fuel dependence through renewable energy generation Transitioning to renewable energy sources to decrease reliance on fossil fuels, lowering both
Commitment to sustainability Selenis has a sustainability strategy in place and is actively focusing on increasing the utilisation of recycled content, enhancing recyclability, and creating bio-materials. Market presence Selenis operates in regions where there’s increasing demand for sustainable products, aligning with our
Dependence on fossil fuels Selenis relies partially on fossil fuels for raw materials, which exposes us to risks related to price volatility and environmental impacts. Limited raw material sources Dependency on limited suppliers for critical raw materials poses a risk to the
costs and greenhouse gas emissions. Optimising value chain and logistics
Streamlining processes across the value chain and logistics to enhance efficiency, lower costs, and reduce GHG emissions. Developing sustainable innovations for new markets Investing in research and development to create sustainable innovations tailored for emerging markets, meeting evolving consumer demands and environmental standards. Improving energy efficiency Substituting natural gas processes with electric processes to enhance energy efficiency and enable the increased use of renewable energy sources. Managing environmental footprints throughout product Life Cycle Assessments Implementing strategies to minimise environmental impacts at every stage of a product’s life cycle, from sourcing raw materials to disposal or recycling. Strengthening collaboration with the supply chain Fostering closer partnerships and collaboration with suppliers to ensure alignment on sustainability goals and practices, promoting transparency and accountability throughout the supply chain.
supply chain resilience. Compliance challenges
focus on sustainability. Strategic partnerships
Non-compliance with environmental regulations by suppliers or service providers can negatively impact Selenis’ reputation and operations.
Collaboration with the supply chain and industry peers enables Selenis to address challenges collectively and leverage opportunities effectively.
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Climate change and its business implications
The financial implications of the current context, alongside the overarching challenges posed by climate change, have significant ramifications for our company's operations and bottom line. Firstly, within the realm of plastic waste management and sustainability initiatives, there are both costs and potential savings to consider. Investments in research and development to mitigate microplastic pollution can incur substantial expenses initially. Moreover, ensuring compliance with evolving regulations regarding plastic waste and environmental standards demands financial resources for adaptation and implementation. Furthermore, the volatility in energy prices, aggravated by both climate change impacts and geopolitical tensions, poses a direct financial risk to our company. Fluctuating energy prices can significantly impact production costs, particularly considering our reliance on energy-intensive processes. Additionally, the need to invest in energy-efficient technologies and renewable energy sources to mitigate climate change- related risks further adds to our financial burden. Climate change itself presents an array of financial challenges. From the potential for increased operational costs due to extreme weather events, such as higher temperatures necessitating additional cooling expenses, to the risks associated with supply chain disruptions caused by climate- related disasters, the financial impacts are multifaceted. Moreover, as governments worldwide implement policies to combat climate change, such as carbon taxes or emissions trading schemes, our company may face additional financial burdens. However, amidst these challenges lie opportunities for financial resilience and growth. By proactively addressing sustainability concerns and embracing innovative solutions, we can not only mitigate risks but also unlock new revenue streams. Investments in sustainable innovations, such as recycling technologies or renewable energy generation, not only align with our company's values but also have the potential to reduce long-term costs and enhance competitiveness in a changing market landscape.
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Looking ahead
Goals achieved in 2023
Goals for 2050
Goals that are in progress
• Developed bio PET and PETG resins • 18% renewable energy • 77% renewable electricity • LCA calculated for all product families • Launch of Selcare™ brand for healthcare • 2% reduction in carbon intensity • 10% reduction in energy intensity • 23% reduction in water intensity • Selenis Portugal awarded silver rating by EcoVadis • ISO 45001 certification at Selenis Portugal
• Improvement of our chemical recycling process • Develop goals on emission reduction targets in line with SBTi • Reduce carbon footprint of our products • Target 70% inclusion of recycled content in our products • Supply resins recyclable in RIC1 recycling stream for all markets • Increase our portfolio of bio resins
• Become carbon neutral • Be energy self-sufficient
• 100% of our energy from renewable sources • Our portfolio will include 100% bio-based resins • 100% of our products will be recycled
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Regenerative management Since we started our path towards being a regenerative company in 2021, regeneration has become one of our company values, together with goodness, adaptability, collaboration, greatness and the willingness and capacity to make things happen.
“Regeneration is not a goal or an arriving stage. Instead, it is the mindset required to adapt to the planetary needs of this century.” Manuel Matos Gil Group President
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Putting regenerative principles into practice Regenerative management
Transparency
Adaptability
This is our fourth year publishing a sustainability report.
Our organisation is installing solar parks and changing equipment to adapt to the current energy crisis.
Trust
Responsiveness
We are engaging with our stakeholders to gain trust and foster cooperation. Our Ethical Reporting Channel also makes us a trustworthy and ethically managed company.
We have detected pressing issues, such as domestic violence, demographic problems, environmental awareness and social development, and we responded to them with a variety of initiatives.
Mutualness
Abundance
Our 2023 employee wellbeing and professional development programs helped us motivate our people thus improving the performance of our company.
Our commitment to renewable energy source is a good example of how we want to use abundant resources such as sun and wind.
Embeddedness
Circularity
We are part of a whole, but at the same time connected to the specific characteristics of each of the areas where we operate. For example, restoring ecosystems in a sacred area from local indigenous communities.
In 2023 we contributed to circularity by expanding our portfolio of resins with PCR and by sourcing 18% of our energy consumption from renewable sources.
Local attunement Our initiatives are connected to the local areas where we operate. Collaborations with local organisations and institutions range from fighting domestic violence, to making sure children get a proper education.
Balance
Our Codes, initiatives and corporate values seek equilibrium between efficiency, and resilience; collaboration and competition; diversity and coherence.
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Insider’s Opinion Regenerative management
“From a sustainability perspective, I see since the early beginning a great commitment regarding this subject that has been materialised along the time by permanent investment and improvement in recycling technologies and processes. More recently the efforts on this area have been diversified involving new areas namely employees and their families, social responsibility with the communities and with customers.”
In 2023, we introduced our Insider’s Opinion, an internal newsletter featuring exclusive interviews with members of our team. Through this initiative, we aim to showcase the perspectives and insights of our esteemed colleagues. Each interview explores various topics such as sustainability, industry insights, and noteworthy experiences within our organisation. Our goal is to spotlight the valuable vision of our team of experts and foster a deeper understanding of our company and industry.
José Batuca Technical Director
“lt’s evident that IMG Group is taking steps towards integrating sustainability into its operations, and I appreciate the initial strides that have been made in this direction. The commitment to reducing environmental impact and fostering a more sustainable future is commendable. I’ve noticed the implementation of recycling initiatives and energy-efficient practices, which are positive indicators of the company’s dedication to sustainability.”
Leandro White Sales Manager NAR & Canada
“Instead of viewing it as the “bad guy”, we should see it as a valuable resource that can be recycled effectively. Here at Selenis, we're all about that mindset. We offer solutions that are either recyclable and/or made with recycled materials. By embracing recycling and pushing for innovation, we're not just improving our industry, but we're also doing our part for the planet.”
Adrianna Kaczorowska Sales & Market Manager
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“Selenis’ values of integrity, innovation, and teamwork seamlessly integrate into my daily life. Whether innovating solutions, maintaining integrity in decision-making, or collaborating as a team, these values create a work environment that resonates with my personal ethos, fostering a harmonious work-life balance.”
Tiago Silva Sales & Market Leader EMEA
“By raising awareness, promoting action, and setting an example, we can make a significant contribution to transforming our community’s culture and fostering greater respect for the environment. Selenis’ values have a powerful tool, and it is now our responsibility to make a positive impact!”
Hanine Salem Personnel Administrator Selenis Tunisie
“I believe Selenis will continue to work towards full sustainability with a very proactive approach as we have been doing for the last years. We will continue to evolve on the circular economy side, creating chemical-recycled and recyclable solutions, as well as on the bio-based side, promoting eco-friendly resins that will reduce the carbon footprint and continue to protect our planet!”
Eduardo Santos Head of Corporate Strategy
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Sustainability pillars Regenerative management
Sustainability & regenerative pillar
Description
Main action lines
Our aim is to reduce waste and foster PET recycling, not only at our industrial sites, but in all the communities where we operate.
• Reach our 100% recyclability target • Reach our 50% recycled content target • Promotion of recycling • Responsible waste management
Circular economy
Selenis is constantly on the search for innovation with materials and industrial technology to deliver future-fit packaging solutions.
• Innovative business development • Innovation partnerships • Regenerative raw material selection • Innovation in equipment and processes
Innovation
Selenis’ efforts focus on contributing to the restoration of our environment and the ecosystems where we operate. We want to produce materials with the lowest environmental cost in terms of CO₂ emissions, energy intensity, and water footprint, and make sure that our activities nurture our ecosystems.
• Reduce energy and CO₂ emissions • Neutralise the impact of our environmental footprint • Contribute to the restoration of our ecosystems
Environment
At Selenis we are moved by creating shared value for our stakeholders. Regeneration means the development of our people and local communities.
• Promote employee wellbeing and empowerment • Foster employee sense of belonging • Boost social value creation
People and society
Our vision is of a world where companies behave like good corporate citizens and play by ethical rules.
• Base our business model on a sound sustainability framework • Corporate citizenship and transparency • Responsible communication and accountability
• Engagement with external initiatives • Sustainable supply chain management
Governance
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Sustainability topics Regenerative management To identify the main sustainability topics of our company, we consulted with our stakeholders of previous years through a survey among employees and suppliers, and we also considered the insight of our commercial team, the talks we conduct with our clients, and the outcomes from associations meetings and industry forums. This year, in line with our commitment to robust sustainability reporting, we have adopted a double materiality approach. This approach not only considers the impacts of our activities on the external environment but also evaluates the extent to which external environmental, social, and governance (ESG) factors may impact our business operations and long-term sustainability. The assessment was completed with other issues and challenges that we deem relevant to our sustainability strategy. The final list of relevant topics is depicted in the following materiality graphic, and it is classified according to our 5 sustainability pillars. They represent our company’s most significant impacts on the economy, environment, and people, including impacts on human rights. The identified material topics are thoroughly addressed throughout the entirety of the report, appearing in various sections. Given the interconnected nature of sustainability issues, many of these topics are cross-cutting and may reappear in different sections. This approach ensures comprehensive coverage and allows for a holistic understanding of our sustainability efforts and their impact across different aspects of our operations and engagements.
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Very high impact on people, planet and society
Sustainability topics Regenerative management This year, we have organised our material topics into distinct umbrella categories, reflecting our evolving understanding of the interconnected nature of sustainability issues. Utilising a double materiality approach, we have assessed these topics based on their financial implications for our business as well as their broader impacts on people, planet, and society.
Occupational Health and Safety
Business ethics
Circularity
Biodiversity
Social value creation
Carbon footprint
Employee wellbeing
Sustainable supply chain management
Diversity, equity and inclusion
Resource efficiency
Value chain collaboration
Innovation
Very low financial impact on business
Very high financial impact on business
Very low impact on people, planet and society
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Here are the material topics covered within each umbrella category:
Resource efficiency • Energy efficiency • Renewable energy • Water efficiency Circularity • Recycled content • Recyclability • Recycling awareness campaigns
Carbon footprint • Carbon emissions • Life Cycle Assessments Innovation
Employee wellbeing • Occupational Health and Safety • Fair labour conditions • Training • Career and professional development • Employee assistance programs and benefits Value chain collaboration • Partnerships with clients • Partnerships with suppliers • Associations and Pacts • Collaboration with informal actors of the value chain Social value creation • Collaboration with social and environmental causes Diversity, equity and inclusion • Non-discrimination • Gender equality Biodiversity • Marine, river and land ecosystems • Reforestation activities
• New products for a circular economy • Innovation partnerships with clients Business ethics • Code of Ethics • Regenerative business management • Sustainability communications Sustainable supply chain management • Supplier Code of Conduct • Sustainable supplier selection
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Selenis’ Regenerative Key Performance Indicators (KPIs) Regenerative management At Selenis, we are deeply committed to creating a regenerative future by actively promoting sustainable practices and fostering positive environmental and social impacts. As part of our ongoing efforts, we have identified a set of 10 Regenerative Key Performance Indicators (KPIs) that serve as benchmarks to measure and drive our progress towards a more sustainable and regenerative business model. These KPIs reflect our dedication to environmental stewardship, social responsibility, and ethical practices.
Carbon intensity reduction We aim to reduce our carbon intensity annually through the increased adoption of renewable energy sources, implementation of energy-efficient practices, and continuous optimisation of our operations.
Renewable energy mix Our goal is to achieve an ambitious renewable energy mix across all our operations, demonstrating our commitment to combat climate change and reduce dependence on fossil fuels.
Water stewardship We strive to minimise our water consumption and improve water- use efficiency through responsible water management practices, including water recycling, conservation measures, and monitoring water-related risks.
Waste reduction and circular economy We are dedicated to minimising waste generation and maximising resource efficiency.
Sustainable supply chain We aim to collaborate with suppliers who share our commitment to sustainability and adhere to our Supplier Code of Conduct, promoting ethical sourcing, responsible manufacturing practices, and reducing environmental impacts throughout our supply chain.
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These 10 Regenerative KPIs reflect our deep commitment to sustainability and our determination to create a positive impact on the environment, society, and economy. By setting measurable targets in these key areas, we aim to continuously monitor and improve our performance while inspiring others to join us on this transformative journey towards a regenerative future.
Biodiversity conservation We are dedicated to protecting and enhancing biodiversity. Our KPIs include preserving natural habitats, promoting reforestation efforts, and supporting initiatives that foster biodiversity conservation and restoration.
Employee wellbeing We prioritise the health, safety, and wellbeing of our employees. Our KPIs encompass reducing work-related accidents, promoting employee wellness programs, and fostering a supportive and inclusive work environment.
Community engagement We actively engage with our local communities to address their needs and concerns. Our main KPI is the number of direct and indirect beneficiaries of our social impact projects.
Ethical governance We uphold the highest standards of integrity, transparency, and accountability. Our KPIs encompass the enforcement and adherence to our Code of Ethics, promoting responsible governance practices throughout our organisation.
Innovation for sustainability We encourage innovation that contributes to sustainability and regenerative solutions. Our KPIs include the development and implementation of innovative technologies, products, and processes that have a positive impact on the environment and society.
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Our contribution to sustainable development Regenerative management Our commitment to the United Nations’ Sustainable Development Goals (SDGs) is ingrained in our policies and programs.
We maintain a strong commitment to human rights and have implemented a Labour and Human Rights Policy that adheres to international standards. Our aim is to ensure fair and respectful treatment of our employees and business partners.
We acknowledge the significance of biodiversity conservation and have devised country-specific biodiversity strategies in every location where we operate. Our strategies strive to safeguard and revive ecosystems while supporting local communities.
In 2023, our production facility in Portugal was certified under ISO 45001 for Occupational Health and Safety Management System.
We have identified a set of 10 regenerative KPIs that guide our sustainability efforts. These KPIs enable us to measure our progress towards a regenerative future.
We continue optimising our resource consumption, reducing water and energy intensity, as well as developing products with recycled materials.
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ESG Policy Regenerative management
In 2023, our commitment to sustainability has deepened as we engage with our entire value chain to reduce our carbon footprint and address the challenge of microplastics. We have joined international initiatives such as the Business Coalition for a Global Plastics Treaty, and we are actively assessing our plants in terms of macro and microplastics.
Our strategy continues to prioritise economic and financial sustainability while applying environmental, social, and governance (ESG) criteria and indicators to assess our performance. These indicators are featured throughout this report.
We have developed action plans aimed at fostering good environmental practices crucial to our transition towards becoming a regenerative company.
• Implementation of a certified environmental management system according to ISO 14001. • Safety and Health certification according to ISO 45001:2018 at Selenis Portugal. • Calculation and management of our carbon footprint, encompassing scopes 1, 2, and 3. • Advancement of energy self-sufficiency and long- term self-consumption through exclusively renewable energies. The first phase of our solar park, initiated in November 2022, is projected to supply 25% of the electricity used by our industrial site in Portalegre by 2024. • Calculation and management of the environmental footprint of our products through Life Cycle Assessments (LCA).
• Management of water consumption and the formulation of plans to reduce water intensity. • Collaboration with stakeholders to contribute to ecosystem regeneration, including environmental organisations and local communities. • Contribution to circularity by incorporating recycled material into our products and collaborating with stakeholders such as suppliers and industry associations to promote and increase recycling. • Additionally, in collaboration and dialogue with our internal and external stakeholders, we are actively addressing topics such as labour and social development, as well as implementing an ethical management system. This contributes directly to Sustainable Development Goal 16, fostering solid and transparent institutions.
Our social indicators continue to measure the success of actions targeted towards the people within our group, fostering their personal and professional development. Ambitious programs around education, social integration, domestic violence, and support for indigenous peoples in regions where we operate, underscore our commitment to social progress.
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Our approach to the Task Force on Climate-related Financial Disclosures (TCFD) Regenerative management At Selenis, we are committed to operating as a responsible corporate citizen, striving for excellence in sustainability across all facets of our operations. Our sustainability journey is guided by our core values, stakeholder engagement, and a firm belief in creating long-term value for both our company and society at large.
We recognise that sustainability is integral to our business success and essential for securing a thriving future for generations to come. To guide our sustainability efforts, we have established a comprehensive approach that encompasses the following key sustainability pillars:
Innovation Selenis is constantly on the search for innovation with materials and industrial technology to deliver future-fit resins. We recognise the importance of economic resilience in navigating challenges and driving long-term growth. By fostering a culture of innovation, prudent financial management, and responsible governance, we aim to create sustainable value for our shareholders, while also supporting the economic prosperity of the communities in which we operate.
Environment Selenis efforts focus on contributing to the restoration of our environment and the ecosystems where we operate. We strive to produce materials with the lowest environmental cost in terms of CO₂ emissions, energy intensity and water footprint, and make sure that our activities nurture our ecosystems. We are dedicated to minimising our environmental footprint by implementing sustainable practices across our operations. This includes reducing greenhouse gas emissions, conserving natural resources, and minimising waste generation. Through continuous improvement and innovation, we aim to mitigate environmental impacts and contribute to the preservation of our planet’s ecosystems.
People and society At Selenis we are moved by creating shared value for our stakeholders. Regeneration means the development of our people and local communities. We prioritise the wellbeing and safety of our employees, customers, and communities. Our commitment to social responsibility extends beyond compliance with regulations, encompassing initiatives to promote diversity, equity, and inclusion within our workforce, support community development projects, and uphold human rights throughout our supply chain.
Governance Our vision is of a world where companies behave like good corporate citizens and play by ethical rules. Integrity and ethics are fundamental to everything we do. We adhere to the highest standards of business conduct, fostering a culture of transparency, accountability, and ethical decision-making. Our commitment to integrity extends to our interactions with stakeholders, suppliers, and partners, ensuring mutual trust and respect in all relationships.
Circular economy Our aim is to reduce waste and foster PET recycling, not only at our industrial sites, but in all the communities where we operate. Through circular economy initiatives, such as product redesign, recycling initiatives, and resource optimisation, we aim to reduce material consumption and promote resource efficiency.
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In the past year, we have made significant strides in advancing our sustainability goals and achieving tangible results. You can read about the key milestones from our sustainability performance in the Highlights section of our report.
As we look to the future, we remain steadfast in our commitment to sustainability and responsible business practices. We recognise that the journey towards sustainability is ongoing and requires continuous dedication, innovation, and collaboration. In the coming years, we will continue to set ambitious goals, measure our progress transparently, and engage with stakeholders to drive positive change and create a more sustainable future for all. At Selenis, sustainability is not just a commitment; it is our responsibility. By integrating sustainability into our business strategy and operations, we are not only safeguarding the wellbeing of our planet and people but also positioning our company for long-term success in a rapidly evolving world.
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Partnerships and associations
In 2023 Selenis reinforced our commitment to sustainability through our recent adhesion to the Business Coalition for a Global Plastics Treaty, bringing together businesses and financial institutions committed to supporting the development of an ambitious, effective, and legally-binding UN Treaty to end plastic waste. Selenis shares the Coalition’s vision of a circular economy in which plastic never becomes waste or pollution, and the value of products and materials is retained in the economy. A comprehensive circular economy approach can address the root causes of plastic pollution and contribute to the global efforts to combat the climate and biodiversity crisis, while delivering economic, environmental, and social benefits. We are committed to advocating for ambitious policy recommendations that prioritise reduction, circulation, and prevention of plastic pollution. With over 200 endorsers, the Business Coalition for a Global Plastics Treaty presents a unique opportunity for governments, businesses, and stakeholders worldwide to collaborate on effective solutions to address the challenges posed by plastic pollution. Selenis believes it’s our responsibility to be part of the solution to end plastic waste, and we want to do our part in this pivotal moment in the history of plastics, emphasising the urgent need for coordinated action to accelerate the transition towards a circular economy. The coalition is dedicated to engaging with treaty negotiators, developing clear policy recommendations, and building confidence in the business community regarding the benefits of an effective treaty. It is a call upon all stakeholders to join in the collective effort to accelerate the transition towards a circular economy where plastic never becomes waste or pollution. Selenis is a proud endorser of the Business Coalition for a Global Plastics Treaty
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Partnerships and associations The Association of Plastic Recyclers
Selenis is a proud member of APR, an international non-profit focused exclusively on improving recycling for plastics. APR’s tools & resources help us design packaging that can be recycled, and support innovations that overcome existing recycling challenges. In 2023 our Weezen® CE resins received formal recognition for meeting the highest criteria for recyclability according to the APR Design® Guide for Plastics Recyclability.
As a member of APR Selenis can influence the recycling of PET by helping enact changes that strengthen and improve the existing recycling system, and participate in discussions about recycling guidelines, programs and priorities. Our membership also expands our insight on issues affecting the industry, such as developments in recycling technologies and recyclable products, and legislative updates from policy experts.
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Committed to the Plastics Pact targets towards a circular economy
Selenis has been at the forefront of joint efforts in implementing solutions towards a circular economy, exemplified by our Group’s active participation in the Plastics Pact established by the Ellen MacArthur Foundation. As a founding member of both the Portuguese Plastics Pact and the US Plastics Pact, we have demonstrated our commitment to driving the transition towards a circular economy for plastics.
Our Group is a proud member of the U.S. Plastics Pact, working to shape a circular future for plastic packaging. As an Activator, we help the Pact tackle difficult issues and make recommendations for actions we can take now and in the future. The U.S. Plastics Pact’s Roadmap to 2025 has been used by brand owners, NGOs and Government bodies to inform and shape policy by providing a cross functional, cross industry approach to the challenges and opportunities plastic packaging represents. In 2023 our sister company Evertis participated in the first ever U.S. Plastics Pact Action Summit in New Orleans to accelerate progress toward existing goals and begin work to create a roadmap beyond 2025 to help define the role of the US Plastics Pact in the future. We also dove deeper into the Pact’s work through participation in the Film and Flexibles workstream, an area in need of enhanced support due to the more limited recycling opportunities that exist today. The U.S. Plastics Pact has established itself as an action- oriented voice of the industry in the challenging world of plastics circularity.
Our Group strongly supports the Plastics Pact´s mission of bringing together expertise and resources across the entire plastics value chain. We believe that by sharing best practices, challenges and reporting on our progress, businesses can learn from each other, and jointly transform the plastics system. We actively contributed to the creation and launch of the “Porquê o Plástico” (“Why Plastic”) guideline created by the Portuguese Plastics Pact. This guide serves as a comprehensive resource, explaining the meaning of implementing a circular economy for plastics, enabling a more rational, responsible, and sustainable use of plastics. This initiative aligns with our goal of promoting awareness and understanding of the importance of a circular economy for plastics. Through our participation in the Plastics Pacts, we continue to lead by example in the journey towards a more sustainable future. We remain dedicated to driving positive change, fostering innovation, and collaborating with stakeholders to create lasting solutions to the challenges of plastic pollution.
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