|NEW YORK, June 19, 2015 /PRNewswire/ — Today, Lavazza released its first official Sustainability Report (2014) in Italy at Milan EXPO. Prepared in accordance with the Global Reporting Initiative (GRI) standards, the sustainability guidelines were created to establish an international and systematic framework for companies’ accountability and reporting initiatives related to environmental, social and economic performance and impacts of their businesses.
Lavazza’s Sustainability Report captures the company’s 120 year vision, which has operated on the basis of three pillars: quality, innovation and continuous improvement. This consistent vision throughout the company’s history has been integral in positioning Lavazza as the seventh largest coffee roaster in the world, with a presence in 90 countries and growing.
The report aims to provide transparent information on Lavazza’s approach to sustainability, which is a strategic and integral part of the business, creating a competitive advantage for Lavazza and shared value for the entire coffee sector. Giuseppe and Marco Lavazza, Lavazza’s Vice-Chairmen, presented the report alongside Wayne Wisser, a professor at the University of Cambridge and Director of Kaleidoscope Futures. Wisser identified strong connections between his model, ‘Creating Integrated Value’ — or Corporate Social Responsibility (CSR) 2.0 — and Lavazza’s systemic model in which social and environmental sustainability are integral components of economic sustainability.
Providing insight to the day’s dialogue was a panel of strategic partners who have contributed to Lavazza’s development of a 360-degree sustainability vision:
“Sustainability is not a solitary journey. It is crucial to integrate the most varied and diverse experiences in the business model, with a systemic approach. Creating shared value with internal and external stakeholders, and regularly investing resources for more sustainable and efficient production processes is the only way for companies to keep growing,” says Giuseppe Lavazza. Marco Lavazza adds, “The 3.9% savings on total industrial production costs that Lavazza generated by improving the efficiency of its production processes in 2014, compared to 2013, will be reinvested in sustainability, thus creating a virtuous cycle, which allows us to generate and regenerate shared value.” As the company continues to grow, so has its economic commitment to sustainability, which increased from $3.1 million in 2012 to $6.6 million in 2014.