Sustainability Report

2021

Miko, through the update of its sustainability report, demonstrates its ongoing commitment to transparently communicate its environmental, social and economic impact to its stakeholders. The Sustainability Report was prepared following the guidelines set by the “Global Reporting Initiative” published in 2021.

Letter to stakeholders

Miko’s business management is based on Corporate Social Responsibility, considering environmental, social, and governance impacts. The company actively engages in seeking greater environmental responsibility through specific actions and promotes initiatives to improve the relationship with employees and the community. The pursuit of innovative products with advanced design while maintaining close relationships with customers and suppliers to ensure the required quality standards is of paramount importance.

Company size and numbers

0 Years of activity

0 Million linear meters
of product sold

0 Product lines

0 Million in net revenue

0 Million in net equity

0 Employees

0 Countries served

0 Million in direct
economic value distributed

Loyalty, transparency, consistency, determination, and passion are the values that guide Miko towards its mission, focused on the following pillars:

Company values

.01

Continuous innovation and technological improvement of the process

.02

Verticalization of Know-How, with qualified in-house personnel through training, general culture, awareness, and motivation

.03

Ethics, through a commitment to adopting correct, dignified, and respectful behavior both within and outside the company

I valori aziendali

Miko operates with an awareness of the importance that respect for social and environmental balance holds for its stakeholders. The company adheres to the ethical principles described in the Code of Ethics and promotes a sustainability-oriented governance, based on certified management systems and an organizational model in accordance with D. Lgs. 231/2001.

Commitment to sustainability

Miko considers sustainable development a central factor in the organization and development of its activities. In the words of Miko’s CEO, Lorenzo Terraneo, “For us, sustainable development is a systematic approach to the growth and management of social capital for our well-being and that of future generations“. Miko has been aligned with the goals of its parent company, Asahi Kasei Corporation, for several years and contributes with activities and investments to reduce negative impacts on the environment and people. Some of the company’s initiatives include:

.01

Installation of a photovoltaic system on the production facility’s roof in 2013, capable of generating electricity for self-consumption up to 26% of the demand (with an installed capacity of approximately 1 MW)

.02

Implementation of process efficiency activities since 2016, resulting in reduced energy and water consumption.

.03

Replacement of lighting systems with LED lamps in 2020-2021.

.04

Procurement of energy solely from renewable sources with guarantees of origin since 2021 .

.05

Commitment to offset GHG emissions through investments in the Bosco Sacile forest management plan, planting 5,000 trees, and in the forest restoration project in Huong Son, Vietnam.

.06

The company has obtained the Circular Economy Model certification, which attributes an “ENGAGED” level of circularity implementation according to the 6 key principles expressed in the guideline for circularity performance assessment BS8001:2017.

.07

Adoption of a life cycle thinking approach and credible communication of the environmental performance of its products.

.08

Dinamica® microfiber has obtained EPD® certifications for the Auto Line (Dinamica® Auto, Dinamica® Pure, Dinamica® Auto Stretch, and Dinamica® Auto Wide) and for the Nabuk Line (Dinamica® Nabuk Plus), as well as the EPD process certification.

.02

Implementation of process efficiency activities since 2016, resulting in reduced energy and water consumption.

.04

Procurement of energy solely from renewable sources with guarantees of origin since 2021.

.06

.08

Company employees

The results achieved in customer and supplier relationships, energy consumption efficiency, reduction of CO₂ emissions, water and waste management, and value creation would not have been possible without the commitment and skills of the company’s employees.

118

employees

88

men

30

women

15%

increase in the number of employees compared to the previous year

83%

of employees have permanent employment contracts

2.939

training hours provided in 2021

0

No accidents or occupational illnesses reported in 2021

Customer and supplier relationship

Customer demands are increasingly focused on advanced product design, functionality, performance, and environmental aspects. This requires significant investments in plants, machinery, infrastructure, and technologies to maintain a high capacity for innovation.
Key factors in customer relationships include:

• focus on innovation and high product quality
• proper management of privacy
• attention to product health and safety
• effective communication with customers

The company considers the impacts of its supply chain concerning service quality. The corporate Code of Ethics includes requirements for supplier selection, such as the existence and effective implementation of quality, safety, and environmental management systems.

Community initiatives

Miko is a company located in the Friuli Venezia Giulia region, specifically in Gorizia, and supports various local initiatives and associations. It sponsors several local sports associations, collaborates with universities and schools, and participates in events dedicated to sustainability topics.

Environmental impacts

Effective environmental impact management enables the company to consolidate its ability to create value for its target markets. The company’s environmental strategy is based on the following principles:

optimizing the use of energy sources and natural resources

minimizing negative environmental impacts and maximizing positive ones

promoting a correct approach to environmental issues

continuously improving environmental performance

adopting environmentally sustainable procurement policies

The company aims to continue reducing and offsetting CO₂ emissions, aiming to become Climate Positive (contributing to further emission reductions beyond offsetting) by 2030.
Below are some indicators:

93.583 GJ total energy consumed

5.233 ton CO₂ eq total greenhouse gas emissions (location based)

353.662 ML water extracted

199.039 kg of waste destined for recovery

551.120 kg of waste destined for disposal

The Dinamica® production process involves the use of a portion of recycled material, which is thus diverted from incineration or landfill disposal, allowing the product to be made with reduced use of virgin raw materials. This helps to reduce CO₂ emissions and other environmental impacts (such as water scarcity potential and abiotic depletion potential – fossil fuels) associated with the production cycle. To ensure circularity throughout the product’s life cycle, Miko is working on proposals to recycle Dinamica®: a project is under development for the automotive sector where the material, once the vehicle has reached the end of its life, can be recovered and transformed into thermal and acoustic insulation panels.

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