Illycaffè has adopted the status of a “Benefit Corporation” to further its commitment to pursuing a sustainable business model.
A Benefit Corporation is defined as a business that, in addition to economic activity, pursues one or more goals of common benefit to operate responsibly, sustainably, and transparently towards people, communities, territories, and the environment.
“We want to contribute to the creation of a sustainable future by implementing organisational and strategic solutions that integrate the wellbeing of people and the environment,” says Massimiliano Pogliani, CEO of illycaffè.
Benefit Corporations were introduced into the Italian legal system in 2016.
“We have decided to include, in the company’s charter, the commitment to preserve the business model of the stakeholder company in order to reaffirm our corporate philosophy, which is to be a social institution that pursues a quality of life for its stakeholders”, says Andrea Illy, Chairman of illycaffè
Illycaffè has outlined three areas of intervention in its charter: Responsibility for value and sustainable agriculture, economic and social quality of life, and promoting a circular economy to improve energy efficiency and reduce emissions along the supply chain.