STATEMENTS BY THE ADMINISTRATOR

Since their advent, plastic materials have revolutionized the world due to their very low cost, ease of production and transformation, and the energy efficiency of the transformation processes. These materials have made many goods more accessible to consumers thanks to low production costs, improved manufacturing processes, reduced environmental risks in agriculture, made our operating rooms safer, and in many cases, have also proven to be a more sustainable solution than those previously adopted; these are just a few examples that illustrate the extraordinary potential of these materials and the infinite possible applications.

However, given their exceptional characteristics, irresponsible use and inadequacy of collection systems have over time led to a significant environmental impact and an accumulation of plastic waste in our ecosystems. Aware of the enormous potential of plastic materials and the responsibilities that arise from them, we have planned investments and the development of Agriplast, directing our efforts towards increasingly sustainable solutions and processes that continue to ensure economic and technical advantages for our customers. Modifications to the production process, such as updating the machinery park and installing large photovoltaic systems, in addition to reducing the company's environmental impact and positioning it among the most advanced in the sector, in many cases, have also allowed us a long-term cost reduction making Agriplast more competitive even in international markets. The use of technologically advanced machinery has allowed us to produce products with reduced thicknesses that maintain the same performance in order to reduce the introduction of virgin raw material to the market and at the same time reduce the cost of our products for the user; the same machinery has also improved the energy efficiency of our production process further reducing our carbon footprint and production costs.

Great attention has been given to the circular economy project, a process that allows maximizing the value of materials, pushing towards their longer use while minimizing or eliminating waste and/or processing scraps, which are seen as resources, inputs, for different production cycles from the initial one. Thanks to the introduction of new innovative investments, recycling processes allow us first of all to recover and minimize our production waste, which is reintroduced into the production cycle. As for the reuse of post-consumption materials, we obtained the PSV (Second Life Plastic) certification in 2020, issued by the IPPR Institute (Institute for the Promotion of Recycled Plastics). This certificate allows us to create products with 30%, 50%, and 70% recycled plastic tracked throughout the lifecycle; a solution that allows us to reduce the environmental impact of our products in a transparent and safe manner. The choice to start a process of non-financial reporting is a further step in this direction that will allow our stakeholders, from now on, to follow the sustainable growth process of Agriplast and will enable us to better plan our goals for the future.

Salvatore Cascone