CSR at RETAL

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RETAL is focused on the long-term sustainability of our business as a plastic packaging partner and we consider Corporate Social Responsibility (CSR) as a crucial element of our ongoing journey towards success.

As a responsible packaging company, we have assessed and fully appreciate our direct and indirect environmental and social impacts in our value chain such as climate change and plastic pollution or the well-being of our employees and local communities.

In order to ensure that we operate responsibly, mitigating our environmental and social impacts, RETAL has taken a major step forward by creating a specific sustainability department whose Director operates at global level and reports directly to the highest executive body of the company. Our CSR commitments meets the highest standards as well as increasingly-strict legislations and regulations related to sustainability topics.

Following international requirements, we have carried out internal due diligence, published several policies and prepared the first RETAL’s sustainability report for 2018. It demonstrates our commitment towards transparency in CSR, describing achievements in 2018 and steps for 2019.

Our goal for 2019 and beyond is to structure and improve our sustainability actions. We are planning to implement the ISO 26000 standard that stipulates core principles for socially responsible companies. We operate with a hollistic and systematic approach for a more robust management of CSR internally and externally, with our customers and other stakeholders.

We also appreciate that our supply chain has an impact on our sustainability performance. Therefore, it is important to us that our suppliers also maintain high CSR standards. We plan to evaluate sustainability activities of our partners and assist them to improve their performance, if necessary.

In 2019, we have maintained our effort on climate change (two more factories purchasing 100% renewable electricity) and have started to address the plastic pollution issue by joining initiatives like PETCORE Europe, Recyclass and Waste Free Oceans, to contribute to a more circular economy of PET and plastics.

All these actions will help to keep RETAL as a preferred partner for our customers and as a company where our employees are proud to work.”

Yuriy Khmara, Member of the Board of Directors
Read full statement

Sustainability report

Through this first sustainability report we intend to provide all our stakeholders with an overview of RETAL’s current situation and the first steps into our sustainability journey.

We would like to use this report as a key element in our stakeholders’ engagement and we hope that it will spur comments, questions and suggestions that will help us improve our global CSR action. We will be glad to hear from you at [email protected]

Download Sustainability report

Key facts about our sustainability initiatives

Renewable electricity

33% of total consumption 5 factories @ 100%

Light weighting

4 092tn of CO2eq saved 44 initiatives in 2018

Carbon footprint mitigation

52 500tn CO2eq saved globally in 2018 GHG

EcoVadis Score

45%

Sedex B-members

100% of factories with compliant CSR audit

Management approach

In order to reach our CSR objectives of performance, transparency and accountability, and to meet our stakeholders’ expectations, RETAL is adopting a systematic and holistic approach by implementing the ISO 26000 standard internally and throughout our supply chain.

To help us achieve this in an efficient way we are using the CSR Analytics Pro Toolkit designed by leading international CSR consultancy the CSR Company International, specializing on Strategic CSR, Business Ethics, Sustainability and Stakeholder Engagement.

For all ISO 26000 ‘Core Subjects’, RETAL is adopting a “Plan-Do-Check-Adjust” management approach, defining global objectives and targets through policies, implementing action plans with KPIs to reach those targets, and retro-adjusting objectives based on results.

ISO 26000 standard

ISO 26000 is an internationally recognized standard for CSR management with a holistic approach focusing on seven core subjects:

• Organisation Governance,
• Human Rights,
• Labour Practices,
• The Environment,
• Fair Operating Practices,
• Consumer Issues
• Community Involvement and Development.

Implementing ISO 26000 will provide robustness to our action and allow RETAL to align with European recommendations in terms of non-financial reporting.

retal Policies

RETAL has defined several policies on the main ISO 26000 core topics to guide our CSR action.

Code of Business Conduct Environmental Policy Anti-Corruption & Anti-Bribery Policy Code of Conduct for Suppliers

Whistle-blowing channel

RETAL strives to be a transparent and ethical company and welcomes any of its employees and external stakeholders to report in good faith any actual or suspected violation of our Policies and any other irregularities, potentially detrimental to RETAL and its business, that they may observe. For this purpose, RETAL has created the following whistle blowing channels through which a violation report can be made:

Via email:
[email protected]

Via written letter:
RETAL INDUSTRIES LIMITED
to the attention of Chief Legal Officer
Epimitheos, 6 Industrial Area A,
Limassol, 3056, Cyprus

We urge the person or ‘whistleblower’ to provide an as detailed as possible description of the matter to allow a proper investigation.

All violation reports may be submitted anonymously, however whistleblowers are encouraged to provide contact details since it may help the investigation and allow RETAL to inform them of the results. If provided, RETAL will endeavor to maintain confidentiality on the whistleblower identity unless otherwise specified by the law.

If the whistleblower is a RETAL employee, he/she will not be retaliated in any way for report being made in good faith.

All reports shall be received and processed properly, objectively and fairly in accordance with RETAL whistleblowing protocol.



You are welcome to download the report without answering these questions, but we would appreciate your information if possible for our internal analytics. Thank you.