- AFYREN affirms its proactive approach to extra-financial
information and publishes its first sustainability report inspired
by the CSRD directive
- AFYREN undertakes to give priority to solutions that represent
an advantage in terms of sustainability for industry and consumers,
to pursue industrial development based on a completely circular
model that respects the “NetZero” trajectory, and to work for the
safety and well-being of its teams in the workplace
Regulatory News:
AFYREN (Paris:ALAFY), a greentech company
that offers manufacturers bio-based, low-carbon ingredients
produced using unique fermentation technology based on a completely
circular model, announces the release of its first sustainability
report.
This document is available for consultation and download in a
dedicated section of the company's website:
https://afyren.com/en/vision/
A first sustainability report inspired by the CSRD
directive
As a growing industrial player, AFYREN is reaffirming its
responsibility to environmental and social issues and has decided
to publish its first sustainability report to assess its
initiatives and performance in this area.
This approach is also in line with the company's objective to
progressive alignment with the European CSRD directive. Although
AFYREN is not currently subject to this directive, the company has
voluntarily drawn up its first sustainability report in accordance
with ESRS (Environmental, Social, and Governance Reporting
Standards).
AFYREN is committed to maintaining its transparency efforts and
plans to gradually introduce a double materiality analysis.
"At AFYREN, we see sustainability as an essential pillar of our
business model. By communicating transparently and consistently
about the impact of its activity on the environment, AFYREN intends
to strengthen the confidence of its stakeholders and renews its
ambition to create new virtuous value chains for society and the
environment,” said Nicolas SORDET, CEO of AFYREN.
A clear strategy to reinforce AFYREN's positive impact on the
environment and society
Since its creation, AFYREN has sought to assert its position as
an innovative and responsible company, as reflected in its raison
d'être: “Enabling a low-carbon, circular and regenerative
industry by providing bio-based solutions built with our partners
to benefit the environment”. Structured around three CSR
pillars, AFYREN has defined a clear strategy to reinforce its
positive impact on the environment and society.
Pillar I: Products & innovation
AFYREN has achieved ambitious targets for 2023, with 100% of its
solutions offering a sustainability advantage for industry and
consumers (assessed by life-cycle analysis of its products).
Eco-design is at the heart of AFYREN's innovation, with bio-based
raw materials that do not compete with food crops, and certified
sustainable end products that offer a low-carbon alternative to
fossil resources (carbon footprint divided by 5). CSR criteria are
integrated into the company's project management to maintain this
level of performance and meet the expectations and needs of
consumers and customers. In the medium term, AFYREN is aiming for
100% bio-based, low-carbon acid production of around 70,000 tons
per year.
Pillar II: Operations & governance
In the area of operations and governance, AFYREN is committed to
pursuing its industrial development while containing its carbon
footprint to meet the “NetZero” trajectory and optimizing the
circularity of its business model. Thus, all the acids produced by
AFYREN are derived from regional renewable raw materials, from
residues and transformed using a low-carbon process. Entirely
circular, AFYREN's process can be described as “zero industrial
waste”, since its only by-product is used as fertilizer in organic
farming. To secure a broad supply of raw materials, AFYREN
continues to test new bio-based substrates in the laboratory.
Ultimately, AFYREN is aiming for 3 production units, an optimized
energy supply and 100% of the biomass used to be sustainably
sourced, enabling it to save around 130,000 tons of CO2 per year
across its entire value chain.
Pillar III: Coworkers and stakeholders
AFYREN places the relationship with its coworkers and
stakeholders at the heart of its concerns. The company guarantees a
safe and motivating environment for its teams, with a strongly
developed safety culture at all levels and preventive actions. In a
context of rapid growth for the company and its workforce (x5 in
three years), the HR policy is based on close dialogue (high
participation rate in the HR barometer) and deployed to attract the
best talents, structure the Group and ensure organizational
efficiency. The company benefits from a significant representation
of women in management positions, as well as a wide range of
profiles from very different sectors (including a Responsible Care®
award for its innovative recruitment program based on the MRS
method). AFYREN is also fully committed to developing the
bioeconomy sector in the regions where it operates, with 75 skilled
industrial jobs created in Carling Saint-Avold. AFYREN intends to
pursue its development to create several hundred skilled local
industrial jobs in the medium term, and to pursue an ambitious
workplace safety policy.
AFYREN's pursuit of operational excellence and the integration
of CSR and ethical practices into its processes has enabled it to
achieve a rating of 83/100 in 2023, reaching the “Platinum” level
in the EthiFinance extra-financial rating, with a steady rise in
this assessment over the past 4 years. AFYREN's sustainability
report aims to explain this vision, and to share its commitments
and results in greater detail. It is an exercise in transparency
and a tool that will facilitate the company's progress and dialogue
with its stakeholders.
"We believe that the reporting efforts induced by the CSRD
directive will help to establish virtuous standards for players in
the European economy. Sustainability reports will help to raise
companies' ambitions in terms of ESG reporting, as they introduce
standards that are comparable and applicable to all players. This
directive will also enable investors wishing to invest in
responsible companies to find their bearings more easily within a
harmonized and transparent framework,” concluded Caroline
PETIGNY, CSR and Communications Director at AFYREN.
***
About AFYREN
AFYREN is a French greentech company launched in 2012 to meet
the challenge of decarbonizing industrial supplies. Its natural,
innovative and proprietary fermentation technology valorizes local
biomass from non-food agricultural co-products, replacing
petro-sourced ingredients usually used in many product
formulations. AFYREN's 100% biobased, low-carbon and sustainable
solutions can meet decarbonization challenges in a wide variety of
strategic sectors: human and animal nutrition, flavors and
fragrances, life sciences and materials, and lubricants and
technical fluids. AFYREN's plug-and-play, circular technology
combines sustainability and competitiveness, with no need for
manufacturers to change their processes.
The Group's first French plant, AFYREN NEOXY, a joint venture
with Bpifrance's SPI fund, is located in the Grand-Est region of
France, in Saint Avold, serving mainly the European market.
AFYREN is also pursuing a project in Thailand with a world
leader in the sugar industry, and is developing its presence in the
Americas, following up on distribution agreements it has already
signed.
At the end of 2023, AFYREN employed about 120 people in Lyon,
Clermont-Ferrand and Carling Saint-Avold. The company invests 20%
of its annual budget in R&D to further develop its sustainable
solutions.
AFYREN has been listed on the Euronext Growth® exchange in Paris
since 2021 (ISIN code: FR0014005AC9, mnemonic: ALAFY).
Find out more: afyren.com
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version on businesswire.com: https://www.businesswire.com/news/home/20240612659473/en/
AFYREN
Communication Caroline Petigny
caroline.petigny@afyren.com
Investor Relations Mark Reinhard invest@afyren.com
NewCap
Investor Relations Théo Martin / Mathilde Bohin
Tél : 01 44 71 94 94 afyren@newcap.eu
NewCap
Media Relations Nicolas Merigeau Tél : 01 44 71 94
98 afyren@newcap.eu
International Media relations Bogert-Magnier
Communications James Connell +33 6 2152 1755
jim@bogert-magnier.com
Afyren (EU:ALAFY)
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Afyren (EU:ALAFY)
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