Fedrigoni names innovation-focused Chief Sustainability Officer

Specialty paper and label company Fedrigoni has named Fulvio Capussotti as Executive Vice President of Innovation and Chief Sustainability Officer in a move to accelerate sustainable innovation.

Capussotti was previously Executive Vice President of Fedrigoni’s self-adhesives business for the past five years. He will now be in charge of accelerating growth in radio-frequency identification (RFID) and leading sustainability efforts at the company, which reported a €2.2 billion turnover in 2022.

In this role, he will report to CEO Marco Nespolo, who held interim responsibilities as Chief Sustainability Officer since December 2022.

“Capussotti will take on a new threefold challenge: to accelerate our growth in RFID, to lead ESG and Energy Transition strategy, and to drive the newly created group Innovation function, aimed at scouting for innovative solutions and technologies and establishing new collaborations with start-ups, innovation centres, research institutes and other players across our value chains,” commented Nespolo.

Fedrigoni sustainability governance structure

According to Fedrigoni’s 2022 annual and sustainability report, Head of Group Sustainability Isabella Bussi has so far been in charge of implementing the firm’s 2030 sustainability targets, also reporting to the CEO. 

Sustainability governance at the firm is spread between the leadership team (a group of around 50 managers appointed to support the implementation of the sustainability strategy) and the sustainability team. 

The latter is composed of 17 people managed by Bussi, and incorporates the key sustainability functions: health and safety, environment and energy, product development, reporting, purchasing, human resources and communication. 

Fedrigoni currently employs 5,000 people in 28 countries.

Fedrigoni climate targets

The company has an SBTi-approved target of reducing Scope 1 and 2 emissions by 30% and 30% of Scope 3 emissions from fuel and energy-related activities by 2030, from a 2019 base year.

Additionally, it aims to have 90% of its suppliers by spend (covering purchased goods and services and capital goods) set science-based targets by 2027.

As of 2022, it had achieved a 2.2% reduction in operational emissions compared to its baseline (and despite a 15% increase in volume). This was largely driven by the purchase of renewable electricity: in fact, Scope 1 emissions increased in that time frame.

Scope 3 emissions represent about 80% of Fedrigoni’s carbon footprint, led by purchased goods and services – but the company is yet to disclose greenhouse gas volumes in this category.