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 costs.
Veritas Group aims at creating 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 peculiarities 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 the governments of 193 Member Countries, sets out 17 goals and 169 targets for sustainable development to be achieved by 2030. Veritas Group, as a multi-utility public company, can be considered the operating arm of local administrations to implement, in particular, 11 major goals of the global 2030 Agenda.
Environment
Environment
Waste Traceability
To make its waste management transparent, Veritas Group has developed three tools able to picture the current situation of companies in the waste industry and respond to European circular economy goals:
- Treatment Framework:
it defines what is actually sent to recovery and what is sent to disposal (authorized landfills). - Traceability of municipal waste flows recovery:
it defines the actual recovery of separately collected waste. - Quality of separate collections: it measures the quality of the different waste fractions and measures errors in waste disposal by users.
Waste traceability project goals
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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 chain phases/activities and measure treatments' effectiveness.
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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 waste chain certification process due to a lack of a specific technical standard.
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05Make the process transparent starting from citizens’ daily commitment and ending with material recycling.
Governance
Governance
Our Code of Ethics
Veritas has developed a corporate Code of Ethics that guides the behaviour 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 tourists per year.
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 at preserving environmental resources for the benefit of all. It considers essential to purchase what is necessary for a sustainable and responsible management of public services and production processes, 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 requirements and expectations for all suppliers 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 hinder behaviours that are contrary to the law;
- provide the highest possible quality of activities and services.
To achieve these goals, 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 increasingly investing in human capital, 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 Group and its stakeholders, activities carried out, results achieved, and environmental, social, and economic impacts of its operations.
Veritas Group is daily committed to protecting the environment and its own 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, together with Veritas, assume the responsibility for properly and respectfully managing the environment and the regulations. 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 equilibrium.
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 at transparently sharing our actions, progress, and purposes 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 towards 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 each individual the activities, according to his or her abilities and potentials, recognising the different 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 behaviour internally.
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