Sustainable Development
Sustainable Development
A concrete example of Veritas’s commitment to promoting sustainable development is the management of the waste cycle. Materials collected through separate collection are then transformed into secondary raw materials for the production of new objects, while the residual dry waste is converted into SRF (Solid Recovered Fuel), a material used to generate electricity, thus reducing the use of other raw materials.
Veritas Group Strategy
Veritas Group Strategy
The strategy outlined by Veritas Group has as its main objective the delivery of excellent public environmental services at the lowest possible cost.
Veritas Group aims to create value for its members and for the communities it serves, through development and innovation initiatives across its various sectors, with a focus on sustainability and the circular economy.
The services provided by Veritas Group are also tailored to the needs of a complex territory with multiple requirements, which presents unique specificities and specialties in the world. The company’s entrepreneurial and environmental strategy, rooted in its public nature, aligns corporate and industrial objectives that often coincide with social sustainability, environmental protection, and the responsible use of resources.
The policies implemented aim to prevent, mitigate, and correct actual and potential impacts, address risks, and pursue opportunities.
UN Agenda 2030
UN Agenda 2030
The UN 2030 Agenda, signed by 193 States, sets out the achievement by 2030 of 17 goals and 169 targets for sustainable development. Veritas Group, as a multi-utility public service company, can be considered the operational arm of local administrations to implement, in particular, 11 major goals of the global 2030 Agenda.
Environment
Environment
Waste Traceability
To showcase its transparent waste management, Veritas Group has developed three tools that capture the current situation of companies in the sector and respond to European circular economy objectives:
- Treatment Framework:
defines what is actually sent for recovery and what is sent for disposal (authorized landfills). - Traceability of waste recovery supply chains:
defines the actual recovery of waste from separate collection. - Quality of separate collections: measures the quality of the different fractions of collected waste and evaluates errors in disposal by users.
Objectives of the Supply Chain Traceability Project
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01Ensure traceability and certainty of material and energy flows related to materials from separate collection.
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02Ensure control over the management of the various phases/activities of the supply chain and measure the effectiveness of treatments.
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03Provide a methodology to evaluate the Group’s position regarding the recycling targets of the European Directives (circular economy package).
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04Provide a set of provisions that regulate the certification process of the supply chain in the absence of a specific technical standard.
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05Make transparent the process that starts from the daily commitment of citizens and ends with material recycling.
Governance
Governance
Our Code of Ethics
Veritas has developed a corporate Code of Ethics that guides the behavior of employees and collaborators. This code is based on fundamental values such as integrity, transparency, and responsibility. We believe that operating ethically not only strengthens citizens' trust but also contributes to creating a positive and motivating work environment.
Veritas, a joint-stock company with fully public capital, is the leading public multi-utility in Veneto and one of the largest in Italy by size and revenue. With 3,430 employees, it provides environmental services to 51 municipalities over a territory of 2,300 km², serving 940,000 residents and more than 40 million annual tourist visits.
In 2023, total revenues amounted to €427 million, with a net profit of €8 million after taxes. EBITDA (operating margin based solely on operational management) reached €67 million, allowing overall investments exceeding €100 million, mainly dedicated to maintenance and renewal of plants and integrated water service networks.
Supplier Code of Conduct
Among its primary objectives, Veritas protects the territory, environment, and common goods, aiming to preserve environmental resources for all. It considers it essential to procure what is necessary for public services and production processes sustainably and responsibly, from suppliers who share the company's objectives of legality, integrity, transparency, protection and inclusion of people, as well as respect for workplace safety. To this end, inspired by the principles expressed in its Code of Ethics and Organizational Model, the Company has adopted the Supplier Code of Conduct, which describes the requirements and expectations that all suppliers are required to meet, in a perspective of continuous improvement.
Certifications
Veritas adopts business processes based on principles of quality and maximum transparency toward the outside world, especially users. The organizational models applied aim to achieve two objectives:
- prevent and impede behaviors that are contrary to the law;
- provide the highest possible quality of activities and services.
To achieve these objectives, Veritas applies quality and environmental management systems through a gradual certification program. These systems have led to a different approach in managing business processes, not only complying with legal obligations but also investing increasingly in human capital, the environment, and relationships with local communities.
Today, Veritas holds ISO 9001/2015 and ISO 14001/2015 certifications for Integrated Water Service, Environmental Services, and Cemetery Services divisions. Veritas and its subsidiary eco+eco have obtained ISO 37001 certification for anti-corruption. Certification bodies periodically conduct audits at company sites, monitoring services.
Sustainability Reports
The sustainability report is an essential tool to transparently communicate the relationship between Veritas and stakeholders, the activities carried out, results achieved, and environmental, social, and economic impacts of our operations.
To achieve these objectives, Veritas applies quality and environmental management systems through a gradual certification program. These systems have led to a different approach in managing business processes, not only complying with legal obligations but also investing increasingly in human capital, the environment, and relationships with local communities.
Veritas Group is daily committed to protecting the environment and its human capital, stimulating growth and innovation in the use of resources, and safeguarding the health and well-being of the population and employees. These efforts are carried out together with municipal administrations and institutions, which, along with Veritas, assume responsibility for managing the environment and regulations properly and respectfully. The challenges are complex and require effective approaches to address new and emerging issues, with a perspective of continuous improvement and the awareness that sustainability should not be a final goal but a constant balance.
In a constantly evolving world, we believe that success is defined not only by economic results but also by the value we can create for society and the environment.
Through this report, we aim to transparently share our actions, progress, and objectives in the field of sustainability. It is our way of accounting for the choices we have made to reduce our environmental impact, promote people's well-being, and support the communities in which we operate.
We invite you to discover our initiatives and join us on our journey toward a more sustainable future. Together, we work to build a better world where innovation and responsibility go hand in hand.
Fusina phytodepuration area
Social
Social
Veritas values the activities of each individual, according to their abilities and potential, recognizing diverse skills and competencies, thereby contributing to individual knowledge and capabilities.
Veritas Group does not tolerate any form of discrimination, direct or indirect, based on age, gender, disability, nationality, political opinions, religious beliefs, or ethnic origin, nor does it allow discriminatory behavior internally.
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