B Impact Report

Logo for Novamont

Novamont

Bioplastics, biochemicals and bioproducts
Certified Since: July, 2020
Location: Novara, Novara, Italy
Sector: Manufacturing

Overall B Impact Scoreinfo_outline

104.0

The B Impact Scores are being compared against all businesses that have completed the B Impact Assessment

www.novamont.com

Novamont is an Italian company, leader at international level in the bioplastics sector and in the development of biochemicals and bioproducts obtained from the integration of chemistry, agriculture and the environment.

Founded in 1990, it promotes a circular approach to bioeconomy based on the efficient use of renewable resources and on the concept of territorial regeneration.

Its development model is based on the creation of sustainable integrated value chains and the revitalization of no longer competitive production and research sites to create new value, new products and new jobs. It develops and produces products of vegetable origin, biodegradable and compostable, conceived as solutions to specific problems strictly connected with the quality of water and soil.

Over years it has launched a multiplicity of projects and case studies, creating alliances with local stakeholders and connections between different sectors (agriculture, research, industry, waste management, institutions, civil society). With a portfolio of around 1,800 patents and patent applications, it is also a R&D centre and a training centre for young and experienced researchers.

Additional Documentationinfo_outline

file_downloadTransparent Disclosure Report – 2020

Impact Area Scoresinfo_outline

info_outlineOverall B Impact Score

To certify as a B Corp, a company must achieve a minimum verified score of 80 points on the B Impact Assessment. The B Impact Assessment asks questions about how the day-to-day operations of a company create positive impact for the company’s workers, community, and environment. Additionally, companies can earn further points if their overall business model can be shown to create positive social and environmental impact as well, qualifying the company for specific Impact Business Model points.

Scores for Certified B Corporations are verified by the non-profit B Lab.

info_outlineImpact Area Scores

The questions in the B Impact Assessment are organized into five Impact Areas: Governance, Workers, Community, Environment, and Customers. Click into a Impact Area to see topics covered in each. Topics in blue are Impact Business Models associated with that Impact Area where the company has earned additional credit. Due to rounding, displayed totals may not add up exactly.

The B Impact Assessment is customized to a company's size, sector, and geographic market.  However, within those parameters, there are still questions included in the B Impact Assessment that might not be relevant to a particular company. In cases where a question is not applicable, the potential points available for that question are instead earned based on the performance of the company on the other topics relevant to the stakeholder and summed up as "N/A points." Likewise, a score of N/A for Workers means that the company is a sole proprietor or partnership with no full-time staff, and a score of 0 or N/A for Customers means that the company does not have a specific Customer-focused Impact Business Model.

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info_outlineBest for the World Honoree

Each year, B Lab releases lists honoring the top-performing Certified B Corps in each Impact Area and overall, broken down by size, on the annual Best for the World lists.

info_outlineAdditional Documentation

B Lab may determine that a company should make additional material beyond their B Impact Report transparent in order for the public to be able to evaluate the company’s overall impact. This additional transparency may cover participation in a controversial industry, information shared on the company’s Disclosure Questionnaire, or simply a company’s relationship to a larger complex entity. Public companies and wholly-owned subsidiaries are required to make their full B Impact Assessments transparent to achieve B Corp Certification.