Sustainable by vocation

After more than half a century in business, we have embarked on a green transition that has profoundly transformed us, highlighting those values that we consider indispensable, as a business group and as individuals.

Coronet and Sustainability
Coronet pen

Letter to stakeholders

Coronet S.p.A. recognizes corporate social responsability as a decisive factor for its own strategic development and searches for an approach aiming at enhancing people within a model of business oriented towards economic, environmental and social sustainability. The Company’s commitment is manifested through the creation of new materials in the spirit of eco sustainability through activities aiming at reducing environmental impact, monitoring the use of energy resources, staff involvement as well as communication and relationship activities with stakeholders.

It is thanks to this effort and through the search for production processes that our innovative and sustainable BioVeg and H2O ranges, developped in the past few years, have contributed to reduce harmful emissions and energy consumptions. Coronet strategic vision is based on a deep value approach matured in decades of activity that considers the Company as a promoter of responsible behaviours towards communities and industrial development of the Country in compliance with the expectations of current and future generations. The Company has undertaken the writing of its first sustainability report for the year 2020 with which wants to make objective and transparent the targets achieved, the measured performance and the goals it sets itself for the future.

Innovation, R&D, respect for the ethical environment and transparency are the strengths through which Coronet intends to best face future challenges. Particular importance is given to the Company’s employees of every role and function to whom we want to address on the occasion of the publication of this first sustainability report a special thanks. The difficulties encountered during these months marked by the dramatic events related to COVID 19 and the consequent repercussions on business, have made it even more evident that cohesion between people in the Company allows them to resist and to look positively to the future.

President

Umberto De Marco

Coronet letter
Coronet letter

Think smart,
produce green

For 50 years alongside fashion

From polyurethane coatings to cruelty-free fabrics with low environmental impact, Coronet has lived many lives and today approaches the future as a large group with an international soul, guided by ambitious goals in terms of growth and sustainability. Many years of experience in the synthetic leather sector, together with the determination and vision of founder Enrico De Marco, have always enabled Coronet to offer high fashion houses products with great aesthetic and qualitative performance, which have made the company a recognized leader in the production of technical materials for footwear and leather goods.
Governance

Responsibility and transparency

CORONET S.p.A. is a joint stock company owned by De Marco Enrico, for a share consisting of 5.750 ordinary shares (1%), of De Marco Umberto (19%), for a total share of 109.250 ordinary shares, and of Alteria S.r.l. (80%), for a quota of 460,000 ordinary shares.

VISION & MISSION

Crafted by Nature, Coronet’s code of ethics

Safety
Impartiality
Environment

The green transition started in the last few years has deeply transformed us, highlighting a set of values that we consider indispensable, as a business group and as individuals. These values, which have their roots in the history and evolution of Coronet, have been condensed into the payoff “Crafted by Nature”, because we are convinced that the objectives of growth must be combined with respect for people and environmental protection, through the production of innovative materials with high quality performance.

Legality & Impartiality

Coronet complies with national and community laws and regulations and any other legislation in force in the Countries where it carries out its activity and avoids any discrimination based on nationality, race, state of health, sexuality, political opinions and religious beliefs.

Equity of authority

Coronet undertakes so that the authority is exercised with impartiality, fairness and correctness avoiding any abuse.

Competition & conflict of interest

Coronet undertakes to comply with current legislation on fair competition and to avoid the manifestation of any conflict of interest between economic and personal activities and duties.

Freedom & Sponsorship

Any act of commercial courtesy, gift or benefit or any present is only allowed when it is such that it can’t be interpreted as aimed at acquiring an advantage improperly. In addition, sponsorship activities that may concern the social, the environment, the entertainment, the art and the sport are intended only for events that offer quality or projects to which Coronet can constructively bring its experience.

Environment & Safety

The environment is a primary asset that Coronet is committed to safeguard. The Company, to this end, complies with the regulations in force in each Country where it carries out its activity and organizes its business and economic management in compliance with it. In addition, the Company works to preserve the health and safety of workers with preventive actions guaranteeing the physical integrity of its staff and working conditions that respect individual dignity.

Safety
Impartiality
Environment
Future goals

Attention to what
surrounds us

The attention towards the circularity of the production processes, the realization of materials with low environmental impact and the identification of an approach that puts people at the center are the pillars that project the Group towards an increasingly sustainable future. The drive towards innovation translates every day into the implementation of a business model in line with the principles of economic, environmental and social responsibility. At the moment we are proudly active in some pro bono initiatives in collaboration with the Italian Red Cross and Unicef, but our goal – in order to implement a solid relationship with our stakeholders and promote the enhancement of a collective interest – is to change our legal form into a “Benefit Society” and acquire the “B-Corp” certification. Coronet could thus officially become an organization that, in addition to pursuing its economic objectives, contributes to maximizing its positive impact on society, people and the environment.

Priority: sustainable development

Coronet intends to continue investing consistent resources to increase Company sustainability, especially in projects related to the improvement of environmental impacts. For 2022 and future years, the Company intends to pursue the objectives described in the table below.


Strategy

Strategy

Sales Increase on luxury markets focused on sustainability.

Acquisition of “B Corp” legal form.

  • Sales Increase on luxury markets focused on sustainability.

  • Acquisition of “B Corp” legal form.

Technology

Technology

Investments for the construction of a new in-house designed facility for the production of solvent free and biobased articles.

Implementation of a digitization production plan in the italian factories and same model implemetation implementation in Asia factories.

  • Investments for the construction of a new in-house designed facility for the production of solvent free and biobased articles.

  • Implementation of a digitization production plan in the italian factories and same model implemetation implementation in Asia factories.

Environment

Environment

Cisterna fuel oil plant transformation by implementing natural gas supply.

Carry on with R&D
activities of lower environmental impact to increase their marketing.

Increase communication to stakeholders to promote sustainability culture.

Increase in the share of green energy purchased over the next few years.

  • Cisterna fuel oil plant transformation by implementing natural gas supply.

  • Carry on with R&D
    activities of lower environmental impact to increase their marketing.

  • Increase communication to stakeholders to promote sustainability culture.

  • Increase in the share of green energy purchased over the next few years.

Environment

Coronet’s commitment to the environment

To ensure and enhance the constant drive towards improvement, Coronet has adopted an integrated management system, i.e. an organizational tool to oversee aspects related to the quality of its performance, its interactions with the environment and to occupational health and safety. Sustainability has been at the heart of our strategic objectives for many years: since 2014, we have been working tirelessly on the production and implementation of two sustainable production lines – BioVeg and H20 – which stand out for the careful selection of raw materials and their reduced environmental impact.

Our commitment in this direction does not end with our sustainable products: our goal is to become a completely Carbon Neutral company, bringing our Co2 emissions to zero.

The environmental impact
of the BioVeg line

BioVeg is a line of eco-friendly products, made with bio polyols, obtained from no food and GMO free corn crops, and recycled polyester from plastic bottles. These materials with a green soul have the highest percentage of biomass available on the market and can be ennobled with any finish and grain. The production technology, developed specifically for these products and the result of investments in Research and Development, allows to significantly limit the environmental impact compared to the use of traditional raw materials. BioVeg materials boast LCA (Life cycle assessment) certification, which determines the environmental impact linked to the individual production steps of the articles.

Global warming

100%


Standard material

87%


BioVeg material

Natural Resources

100%


Standard material

56%


BioVeg material

OZONE LAYER

100%


Standard material

66%


BioVeg material
  • Use of solvents

    The production process of the the ranges made by Coronet is based on the use and recovery of DMF solvent and water. The Company uses a close production cycle for DMF through the re-circle of the solvent employed. A solvent felling process is used to recover it wih water that will then be sent, through a closed system, to a distillation tower thus guaranteeing a 99% recovery of liquids that are subsequently reintroduced in the production process. Coronet, to further optimise and reduce its environmental impact, has installed a press filter to intercept the residual solid part from solvents and water before the passage pipe to the distillation process in accordance with the law.
  • Waste cycle

    All waste produced by the Company are disposed in compliance with the laws and industry standards. The Company allocates 60% of waste produced to external thermo enhancers with consequent recovery of thermal energy. The remaining 40% of the waste is disposed in an authorized landfill. During 2020 the waste production slightly increased to 373.825 kilos compared to 2019 when it was 349.392 kilos. The graphs below show that waste is mainly of a non hazardous type (55% with 82% intended for recovery).
  • Energy & Emissions

    Coronet production chain uses electricity, liquefied natural gas, network natural gas, petrol and diesel. Electricity is used to run machinery and systems while other sources are used to achieve process temperatures in some production phases and in work environments, gasoline is used for handling vans and traction units.
  • Water consumption

    The water resource withdrawn by Coronet is mainly used for cooling the production plants as well as to power employees’ civil use. As for the supply, the water resource is taken directly from the wells owned by the Company (two in Velletri and one in Cisterna). The water runs afterwards through special cooling systems and is then sent back to the wells without organoleptic or biological impacts. The Company has an authorization to demineralize the water taken though a plant that employs osmosis technology. The water withdrawn from the well, considering the overall decline in production recorded in 2020, is 16% down compared to 2019.

Solvent recovery

In recent years, Coronet implemented a facility dedicated to solvent recovery, with a 99% yield.

Solar powered

Coronet has installed a 1,177.00 kWp photovoltaic system whose environmental efficiency is equal to 1,388,781 kWh of green energy per year.

80%

of energy necessary for our manufacturing is self-generated

170 hectares

of forest are safeguarded

60000 mq

are illuminated by low energy absorption LED light bulbs

1023990 kg

of CO2 saved
Certifications

Coronet certifications

Peta
USDA
ISO 45001
ISO 14001
ISO 9001
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    Coronet CSR