Letter to stakeholders

Benedict XVI, in his message for World Day of Peace 2010, wrote about the environment: “If in fact, because of human’s cruelty to one another, there are numerous threats to peace and genuine integral human development – wars, international and regional conflicts, terrorist acts and human rights violations – , no less worrying are the threats stemming from a lack of care – or even abuse – of the land and natural resources that God has bestowed.”

These times are such that we have to re-read these words and put them into context in the particular reality that we are experiencing and which presents us with images that deeply affect our consciences on a daily basis. Last year, here, we expressed a clear will: “We also want it be a daily commitment, spreading a message that can make us think and reflect about sustainable development and the future generations who we owe it to provide a better and different vision.” What perspective can war give to those who come and will come after us? We can, in our small way, continue on the path mapped out, focusing our action on choices that aim to ensure the continuity and sustainability of our environment, understood in a sense that includes people, the relationship between them and all the social and economic dimensions that our daily habitat comprises. These are the issues that we have identified as the cornerstone of sustainability, a concept that is present and future at the same time.

This year we are proposing an integrated report, which is a further step forward from the decision to publish the sustainability report as a separate document with reference to the previous financial year 2020. This choice is intended to bring forward the European regulatory framework provided for by the EU CSRD (Corporate Sustainability Reporting Directive), and to align Lariotex with best practices. But integrated reporting is essentially based on the knowledge that environmental and social aspects, including governance, are interlinked with economic and financial aspects, and that an enterprise’s valuation metrics should understand them.

Our effort is to make our action more transparent, aware of our role and our responsibilities, by addressing all those interlocutors who work and collaborate with Lariotex on a daily basis. The 2021 performance also includes environmental and social aspects. In this context, we would like to emphasise, in particular, our commitment to improving the performance rating of chemical management, which is a key area for our industry. We are also aware that sustainability has an important social component. Lariotex has a high level of inclusiveness regarding gender equality: almost 50% of our workforce is female, and, in particular, all heads of department are. In 2021, we also strengthened training for employees, in order to improve safety in the workplace.

As regards the economic and financial results, the financial statements for the year ended at 31 December 2021 closed with a net profit of €3,507,940. This result was achieved by allocating a tax amount of €1,313,834. The Notes to the Accounts provide information relating to the 2021 Financial Statements, including information concerning the financial position and the values relating to the financial resources that the company needed during the financial year, as well as their uses. The integrated report on operations contains information on operations performance.

Pierluigi Biondi
Sole Director