Sustainability as an unquestionable choice
The seventh Integrated Annual Report of AD Plastik Group has been published, containing all important information about the business in 2023. An integral part of the integrated report are reports on business operations and sustainability, as well as annual financial statements that enable all stakeholders to learn more about the social and environmental aspects important to the company and its business operations.
AD Plastik Group has been reporting on sustainable business since 2012, and in its report, it presents in detail the business and sustainability risks that enable a better understanding of business and the industry as a whole. All key sustainability indicators have been presented, and significant progress has been made in the internal understanding of sustainable business as the only possible path to a successful future. By continuously raising awareness of the importance of sustainable business, results are achieved that generate added value to society, the environment, and the economy. The business results achieved in the observed period have grown, and despite the challenging market environment, the improvement of sustainable business continues in all segments.
„The automotive industry has been undoubtedly and unstoppably changing, and the external influences we have witnessed in recent years have further accelerated the transformation towards connected, sustainable, and safe mobility. After several years of uncertainty, we can finally say that there is a noticeable positive turn in the automotive market. The priority of the automotive industry is to reduce the weight of the vehicle, which is why polymer materials are used more and more. This is an opportunity we recognize to expand our product range and customer portfolio. We are determined in our promise to be leaders in sustainable development and responsible business, and accordingly we will continue to invest efforts and find innovative solutions to realize this. We are ready to take a leading role in the transformation of the industry towards a more sustainable future because we believe that caring for the environment is not only a prerequisite for success, but also a moral obligation of every organization in today’s society,“ said Marinko Došen, President of the Management Board of AD Plastik Group.
In 2023, AD Plastik Group also achieved significantly better financial results than the year before, and the primary reason for this is the increase in customer orders due to normalization in supply chains and purchase of semiconductors and deliveries for new vehicle models. There was a positive impact on capacity utilization, and along with the normalization of energy sources and material prices, it was also evident in the trend of margins and profitability, despite inflationary pressures. „Overall, the report is informative and plentiful with material indicators in all three observed areas – economic, environmental, and social. Considering the amount and structure of data that give a clear picture of the effects in the area of sustainability and plans for future goals, it can be an exemplary example of quality reporting on sustainability,“ states the opinion of HR BCSD, which verifies the non-financial part of the company’s report.
