"We enable low-carbon, circular industry by
providing biobased solutions built with our partners to benefit the
environment."
Regulatory News:
AFYREN (Paris:ALAFY), a greentech company that offers
manufacturers natural, low-carbon products created with technology
based on natural micro-organisms, unveiled on Tuesday its Purpose,
supported by a statement defining the company's ambitions, values
and major commitments. As part of its environment, social and
governance (ESG) program, AFYREN also presented its new
extra-financial rating.
AFYREN's Purpose
Following several months of reflection and consultation with its
internal and external stakeholders, AFYREN consulted, with the
support of a specialized independent firm, all of its employees,
through an online questionnaire or qualitative interviews, and
conducted some fifteen interviews with suppliers, customers,
institutions and partners.
This analysis led to the definition of a materiality matrix,
which ensures that the group's ESG commitments and ambitions are
aligned with the main aspects of its activity and the expectations
of its stakeholders.
This stakeholder consultation work also allowed AFYREN and its
board of directors to define and formalize its Purpose: "We
enable low-carbon, circular industry by providing biobased
solutions built with our partners to benefit the
environment."
AFYREN's commitments
The material ESG issues that AFYREN identified with its
stakeholders have been integrated into three pillars of essential
commitments so that its Purpose is reflected on a daily basis.
These pillars will serve as AFYREN's ESG compass for the years
to come. Nine major objectives have already been defined in order
to give the pillars operational meaning and measurable scope.
During the coming year, these objectives will be developed and
extended so as to lead to concrete policies with quantified
performance objectives and monitoring indicators by the end of
2022.
Pillar I – Provide sustainable, high-performance, biobased
solutions
- Objective 1: place eco-design at the heart of our
innovation
- Objective 2: offer biobased, low-carbon alternatives to
fossil-based resources
- Objective 3: bring to market biobased or natural
products with high societal added value
Pillar II – Enable a low-carbon, circular, and responsible
industry
- Objective 4: reduce our carbon footprint
- Objective 5: preserve the planet and its resources by
making our activities part of the circular economy
- Objective 6: aim for excellence in all our business
operations
Pillar III – Create an ecosystem of partners, building for
the environment
- Objective 7: guarantee a safe, motivating and fulfilling
working environment for all our employees, without distinction
- Objective 8: become fully engaged in developing the
bioeconomy in our territories
- Objective 9: cooperate with our external
stakeholders
AFYREN's Statement of Purpose explains how we want to "enable
low-carbon, circular industry by providing biobased solutions built
with our partners to benefit the environment." To download the
document, click here.
Caroline PETIGNY, AFYREN's director of ESG and communication,
said: "At AFYREN, we are convinced that the key to sustaining
our way of living is the necessary reduction of humanity's
ecological footprint. This conviction has been reflected in our
corporate vision since its inception. At the time of our transition
to industrial-scale production, we wanted to take the time to
formulate the Purpose of our company. We defined it thanks to the
committed and qualitative contribution of all our employees and
external stakeholders. AFYREN's business model is built around this
Purpose with unique resources and know-how, which allow us to
create value for our economy and our environment, while relying on
a clear mission, a well-defined strategy and strong values."
Solid achievements recognized through a
clearly improved extra-financial assessment
As a reminder, in 2021, AFYREN initiated a first external rating
with Gaïa Rating, a subsidiary of EthiFinance, and obtained an
"advanced" score of 55/100 (compared to an average of 34/100 for
the benchmark sector: "Industry" with less than 100 employees).
After all of the work carried out for the implementation of the
Purpose and materiality, the placement of a person in charge of ESG
in AFYREN's Executive Committee, as well as the creation of a code
of conduct for its suppliers, AFYEN obtained, at the beginning
of 2022, a rating of 66/100. This progress of 11 points compared to
the previous year puts AFYREN in the « Avanced + » on the
EthiFinance scale, highlighting a level of ESG maturity that is
significantly higher (+ 33 pts) than what is observed for
comparable companies (in terms of headcount and sector of
activity).
Nicolas SORDET, AFYREN's CEO said: "We are very proud of
the notable improvement of our extra-financial rating, which is the
result of the unwavering commitment of all AFYREN employees to
sustainable development. We will continue to integrate this
proactive and significant ESG approach into the company's
development strategy."
About AFYREN
Founded in 2012 to meet the growing need of industries to reduce
the use of petroleum derivatives in their production chain, AFYREN
produces biomolecules derived from the reuse of non-food biomass.
These ingredients are widely used in human and animal nutrition,
flavors and fragrances, cosmetics, and fine chemicals. This
production of renewable carbon, which is firmly grounded in the
circular economy, uses fermentation technologies that are the
result of 10 years of research and are patented worldwide. AFYREN
is a winner of the 2030 Global Innovation Contest in the "Plant
proteins and plant chemistry" category and was selected in the
French Tech 120 in 2020 and 2021. In 2018, AFYREN committed to its
industrial project by creating the AFYREN NEOXY joint venture with
Bpifrance’s SPI fund. The AFYREN NEOXY plant under construction in
the Grand Est region will produce AFYREN organic acids in 2022.
AFYREN and AFYREN NEOXY employ more than 70 people at their sites
in Lyon, Clermont-Ferrand and Carling Saint-Avold. In 2021, AFYREN
listed on Euronext Growth® exchange in Paris, raising a total
amount of 70.4 million euros with the objective of accelerating its
industrial development (Afyren's ISIN: FR0014005AC9, ticker:
ALAFY).
For more information: afyren.com
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version on businesswire.com: https://www.businesswire.com/news/home/20220214005421/en/
AFYREN Chief Financial Officer Maxime
Cordonnier
investisseurs@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
Bogert-Magnier Communications International press
relations James Connell Tel: +33 6 2152-1755
jim@bogert-magnier.com
Afyren (EU:ALAFY)
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