Bringing Sustainability and Strategy together to create Shared Value: Insights from Chiesi’s 2023 Sustainability Report

Chiesi Group's Sustainability Report 2023 highlights impacts on strategic areas such as Patients, Planet, People and Prosperity while anticipating regulatory changes.

1. Patients: Chiesi invested 23.8% of its revenues in research and development and advocated for patients with respiratory conditions, emphasizing the health impacts of air pollution.

2. Planet: Chiesi is progressing towards its goal of Net Zero greenhouse gas emissions by 2035 with a detailed Climate Transition Plan. In 2023, the company earned a Platinum medal in the EcoVadis sustainability assessment.

3. People: Chiesi introduced Global Parenthood Guidelines to contribute to gender equality and increased corporate volunteering hours by 77.5%.

4. Prosperity: Chiesi distributed 77% of the economic value generated to stakeholders—including the local community, capital providers, public administration, employees, collaborators, suppliers, and vendors.

PROSPERITY – Do Good, Do Well, Repeat

1. Demonstrating our commitment to social and environmental responsibility, in 2023 Chiesi distributed 77% of the economic value generated to stakeholders - including the local community, capital providers, public administration, employees, collaborators, suppliers, and vendors. The remaining 23% was reinvested into the company to foster long-term growth.

2. «At Chiesi, we believe in the principle of 'Do good, do well, repeat.' This philosophy underscores our commitment to creating successful business solutions that benefit society, and reinvesting in impactful initiatives» says Maria Paola Chiesi, Vice Chair at Chiesi Group. «Through continuous innovation and strategic reinvestment, we aim to create a ripple effect of positive change, demonstrating that doing good and doing well are not only compatible but mutually reinforcing».

3. Chiesi's 2023 Sustainability Report has voluntarily undergone an external assurance process in compliance with the Global Reporting Initiative (GRI). GRI is an independent international standards organization that helps businesses understand and communicate their impacts on Environmental, Social, and Governance (ESG) issues. In response to the new European Corporate Sustainability Reporting Directive, Chiesi Group is committed to enhancing its data collection and reporting processes, giving equal importance to financial and sustainability reporting, and ensuring they are aligned and integrated.

Chiesi: Shaping a Sustainable Legacy and Future Vision

1. «Chiesi is a family-owned company with a history stretching back almost 90 years. This legacy gives us a unique ability to plan for the long term and it addresses the challenges facing current and future generations», says Giuseppe Accogli, CEO of the Group.  

2. Chiesi has strategically approached sustainable change in recent years. Last year, the company introduced an ambitious Sustainability Strategic Plan spanning 2023-2028, serving as a comprehensive roadmap. Previously, Chiesi Group adopted the legal form of Benefit Corporation (in 2018 in Italy and the U.S.; in 2021 in France) and became a certified B Corp (2019), making environmental, social, and economic sustainability growth drivers of its business development.

Hållbarhetsrapport 2023

Corporate sustainability report 2023