At a time of profound change, Magic sees the integration of ESG (Environmental, Social and Governance) topics as a journey that the company intends to translate progressively into actions that, wherever possible, can be measured.

A significant step forward in this direction came on 7 November 2023, when the Board of Directors appointed Mara Galli, CEO and CFO, as the company’s ESG representative. The decision marks a strategic turning point, aimed at strengthening risk management, assessing opportunities related to ESG topics and contributing to the protection and creation of business value over time.

We had the opportunity to speak with Mara Galli, a member of the board who is guiding the company through an innovation process that aims to progressively integrate environmental considerations, social equity and transparent governance into its actions. 

What actions has Magic taken to integrate ESG criteria?

Magic has taken significant, structured steps towards integrating ESG criteria: a commitment expressed not only in words, but through concrete actions and tools that make it possible, where applicable, to measure and monitor progress over time.

One clear example is the achievement of ISO 14001 certification. The process involved the entire company for more than ten months. We have also obtained a two-star Legal Rating, an important element in our relationships with commercial and financial partners and in the process of strengthening our governance.

These important objectives have been accompanied by the introduction of new insurance coverage designed to address emerging risks proactively and support our vision. This includes environmental liability coverage, helping us respond with greater security to potential incidents that may have an impact on the environment; cyber risk coverage, to protect us against growing cyber threats; and extended accident coverage for employees, providing greater security for them and their families.

What are the next steps?

Magic has begun a collaboration with CNR-STIIMA, the Institute of Intelligent Industrial Technologies and Systems for Advanced Manufacturing. The initiative involves preliminary LCA (Life Cycle Assessment) analyses aimed at investigating and collecting data on the environmental aspects associated with the raw materials and processes being considered. These include Spongel and Airgel g-grade, both certified OK Compost Industrial for industrial composting.
The analyses are still under way, but we believe they can provide useful insights. The studies will support the development of further strategies, help identify potential areas for process optimisation and broaden collaboration with partners who share an interest in these topics.

At the same time, we have started an energy audit in collaboration with M&G Engineering Consulting srl, a company specialising in energy and plant engineering. This has allowed us to deepen our understanding of energy consumption, identifying possible areas for improved efficiency and the related opportunities for action. As part of this process, we will assess the installation of a major new photovoltaic system among the measures being considered for our production sites.

Magic is therefore continuing its efforts to improve energy efficiency and to assess measures that may contribute, on the basis of effectively measured results, to reducing the impacts associated with energy consumption. 

What obstacles does Magic face, and how is it addressing them?

The journey towards effective integration of ESG principles involves considerable challenges, particularly in terms of cultural change and technological innovation.

Magic has adopted a pragmatic approach, supported by specialised companies such as ERM, setting realistic and measurable objectives and promoting a corporate culture that encourages transparency and social responsibility. 

What effect will ESG integration have on Magic’s reputation in the market?

Commitment to ESG principles is fundamental not only from the perspective of business ethics, but we also believe it can play an increasingly important role in market competitiveness.

We have therefore developed an ambitious three-year plan that includes the adoption of the 231 Organisational Model, strengthening our commitment to human resources and drawing, where relevant, on the principles of the United Nations 2030 Agenda.

We believe that the actions undertaken can contribute over time to strengthening our market position and our relationships of trust with customers, partners and investors.

Mara Galli’s reflections reveal a corporate commitment built around concrete actions and results, alongside projects and innovations that are still evolving, and a vision focused on the future.

Magic’s efforts form part of a journey aimed at strengthening corporate responsibility and contributing, through its activities, to the creation of value for the wider community as well.

Magic intends to continue playing an active role in environmental and social matters, contributing to discussion and to the development of solutions that progressively take greater account of these aspects.