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ESG Rating Impact

Quantified improvement across 8 international ESG rating agencies

+ 0

ESG Score Points (weighted average)

+ 0 %

Average percentage boost

0 %

Audit Acceptance Big4

Detailed Rating by Agency

ESG Provider

AS-IS Score

TO-BE Score

Delta

Boost %

Notes

MSCI ESG

58 (BB)

65 (A)

+7

+12,1%

Upgrade tier BB→A

Sustainalytics

24,5

19,2

-5,3

+21,6%

Lower = better

S&P CSA

52

61

+9

+17,3%

Sector top quartile

Refinitiv

61

69

+8

+13,1%

Pillar Environment +12

CDP Climate

C

B

+1 tier

+25,0%

Circular Economy boost

Cerved (PMI)

62

72

+10

+16,1%

Rating Italia SMEs

EcoVadis

58

71

+13

+22,4%

Silver→Gold medal

Bloomberg ESG

45

54

+9

+20,0%

Disclosure score +15

Weighted average

-

-

+7,8

+14,6%

8 provider analized

💰 Enterprise Value Impact

Corporate: +1,0% a +4,5% EV uplift

Fonti: Khan et al. 2016, EY ESG & Enterprise Value 2024

SMEs: +10.0% to +18.0% EV uplift (with survival premium 18-23%)

Fonti: Dalgali 2025, Cerved Rating ESG PMI 2024

📉 Debt Cost Reduction

Corporate bond: -12 a -30 bps spread reduction (investment-grade)

Fonti: Henisz et al. 2021, EBA Risk Dashboard 2024

PMI green loans: -20 a -35 bps spread reduction

Fonte: ABI Green Loans Survey 2024

KPI Framework: 20 Industry Sectors

Complete Corporate CSRD + SME VSME + Sector Benchmarks framework

Complete Corporate CSRD + SME VSME + Sector Benchmarks framework

KPI

Mapping ESRS

Unit of Measure

Description

1. Recycled Plastic

E5-5 §28(c)

Tons/year

Tons of PSV certified post-consumer plastic

2. Plastic Waste

E5-4

Tons/year

Total tons of plastic waste generated

3. CO2 Avoided

E1-6

Tons CO2e/year

Avoided emissions vs virgin production (1.8 kg CO2/kg PC)

4. FTE Preserved

S1-6

N. dipendenti

Jobs preserved in Italian recycling supply chain

5. Circular Governance

G1-1

Qualitative

Circular economy and sustainable procurement policies

6. % Recycled Packaging

E5-2

%

Percentage of packaging with recycled content on total

7. R&D Investments

E5-6

€/year

R&D investments in circular design and eco-design

8. ESG Rating Score

Disclosure

Points (average)

Weighted average 8 providers (MSCI, Sustainalytics, S&P, etc)

9. Debt Cost

Financial

bps spread

Riduzione spread bond investment-grade (-12 a -30 bps)

10. Enterprise Value

Financial

% uplift

Impact on enterprise valuation (+1.0% to +4.5%)

8 KPI PMI Semplificati (Module 5 VSME)

KPI

Unit of Measure

Simplify description

1. Recycled Plastic

Tons/year

Simplified disclosure of certified recycling tons

2. % Packaging Circolare

%

Packaging percentage with recycled content

3. CO2 Avoided

Ton CO2e

Standard calculation 1.8 kg CO2/kg plastic

4. Supply Chain Certifications

Qualitative

PSV/RecyClass certified suppliers

5. Green Loans

€ obtained

Subsidized financing obtained (spread -20 to -35 bps)

6. Rating ESG

Punti Cerved/EcoVadis

Focus on Italian SME rating (Cerved 62→72, +10 points)

7. Recycler Partnerships

No. contracts

Number of stable contracts with certified facilities

8. SME Regulatory Compliance

Yes/No

Module 5 Business Partners VSME compliance

Benchmark 20 Product Sectors

SECTOR

Plastic Intensity (kg/€M)

% packaging

Recycling Rate

CSRD Target

WACC

Penalty Risk

GDO

2,800

75%

18%

65%

5.2%

High

F&B

3,500

80%

15%

70%

5.5%

High

Packaging

4,200

95%

25%

80%

6.0%

Critical

Manufacturing

1,450

45%

22%

50%

6.2%

Medium

Fashion

1,200

35%

8%

45%

6.8%

Medium

Automotive

950

30%

28%

60%

5.8%

Medium-High

Electronics

850

40%

€12%

55%

7.2%

Medium

Real Estate

650

25%

20%

40%

5.0%

Low

Logistics

1,100

55%

16%

50%

5.5%

Medium

Pharma

1,800

60%

10%

65%

6.5%

High

Cosmetics

2,200

70%

14%

60%

6.8%

Medium-High

Hospitality

900

40%

12%

45%

6.0%

Medium

Healthcare

1,350

50%

8%

55%

5.8%

High

Retail

1,800

60%

16%

55%

5.9%

Medium-High

E-commerce

2,400

85%

20%

70%

7.5%

High

Chemical

3,100

65%

30%

75%

6.5%

Critical

Agriculture

1,600

45%

18%

50%

5.5%

Medium

Construction

750

35%

22%

45%

5.2%

Low

Energy

680

30%

15%

40%

4.8%

Low

Telecom

820

38%

19%

48%

5.4%

Medium