Novamont
Novara, Italy
July 2020
Chemicals & chemical products
Manufacturing
Italy
Novamont is an Italian company, leader at international level in the bioplastics sector and in the development of biochemicals and bioproducts obtained from the integration of chemistry, agriculture and the environment. Founded in 1990, it promotes a circular approach to bioeconomy based on the efficient use of renewable resources and on the concept of territorial regeneration. Its development model is based on the creation of sustainable integrated value chains and the revitalization of no longer competitive production and research sites to create new value, new products and new jobs. It develops and produces products of vegetable origin, biodegradable and compostable, conceived as solutions to specific problems strictly connected with the quality of water and soil. Over years it has launched a multiplicity of projects and case studies, creating alliances with local stakeholders and connections between different sectors (agriculture, research, industry, waste management, institutions, civil society). With a portfolio of around 1,800 patents and patent applications, it is also a R&D centre and a training centre for young and experienced researchers.
Overall B Impact Score
Governance 15.9
Governance evaluates a company's overall mission, engagement around its social/environmental impact, ethics, and transparency. This section also evaluates the ability of a company to protect their mission and formally consider stakeholders in decision making through their corporate structure (e.g. benefit corporation) or corporate governing documents.
What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.
Governance 15.9
Governance evaluates a company's overall mission, engagement around its social/environmental impact, ethics, and transparency. This section also evaluates the ability of a company to protect their mission and formally consider stakeholders in decision making through their corporate structure (e.g. benefit corporation) or corporate governing documents.
What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.
Workers 19.7
Workers evaluates a company’s contributions to its employees’ financial security, health & safety, wellness, career development, and engagement & satisfaction. In addition, this section recognizes business models designed to benefit workers, such as companies that are at least 40% owned by non-executive employees and those that have workforce development programs to support individuals with barriers to employment.
Community 14.8
Community evaluates a company’s engagement with and impact on the communities in which it operates, hires from, and sources from. Topics include diversity, equity & inclusion, economic impact, civic engagement, charitable giving, and supply chain management. In addition, this section recognizes business models that are designed to address specific community-oriented problems, such as poverty alleviation through fair trade sourcing or distribution via microenterprises, producer cooperative models, locally focused economic development, and formal charitable giving commitments.
Environment 53.3
Environment evaluates a company’s overall environmental management practices as well as its impact on the air, climate, water, land, and biodiversity. This includes the direct impact of a company’s operations and, when applicable its supply chain and distribution channels. This section also recognizes companies with environmentally innovative production processes and those that sell products or services that have a positive environmental impact. Some examples might include products and services that create renewable energy, reduce consumption or waste, conserve land or wildlife, provide less toxic alternatives to the market, or educate people about environmental problems.
What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.