INDEX
Contents
SECTION
TITLE
PAGE
External Evaluation Standards and independence statement
3
Disclaimer
Legal notices and document limitations
4
Section 1
Identity, Governance and Corporate Structure
5
Section 2
Regulatory and Market Context
7
Section 3
Activities Carried Out in Financial Year 2025
9
Section 4
Impact Measurement and Reporting 2025
14
Section 5
Economic and Financial Position
18
Section 6
Stakeholder Engagement
19
Section 7
Objectives and Plans for Financial Year 2026
20
Section 8
Board of Directors' Declaration
22
Appendix A
Glossary of Terms and Acronyms
24
Appendix B
Regulatory References and Web Resources
27
NOTE
Preparer's Note – ESA.TEK S.r.l.
Note: The Company has not yet generated invoiced revenues in financial year 2025. All activities described are pre-operational in nature.
This Impact Report has been prepared by ESA.TEK S.r.l. acting as independent external advisor to PLA.SE.CO S.r.l. Società Benefit, represented by Dott. Francesco Cuomo — Senior Advisor Energy & ESG Compliance, certified EGE UNI CEI 11339:2023, Lead Auditor ISO 50001:2018, SRG:88088, IFMA-GFS Green Facility Specialist — pursuant to Advisory Agreement Ref. ESA.TEK/2025/PLASECO-OTE-001 Rev. 02 (Annex A – CME/2025, Item B.6).
Preparer’s independence. ESA.TEK S.r.l. holds no shareholding in PLA.SE.CO S.r.l. SB. The 25% shareholding held by Dott. Francesco Cuomo in PLA.SE.CO S.r.l. SB refers exclusively to his personal capacity and does not create any equity relationship between ESA.TEK S.r.l. and PLA.SE.CO S.r.l. SB. The relationship between the two companies is exclusively contractual in nature.
Nature and limitations of the report. This report has been prepared applying third-party independent evaluation standards — B Impact Assessment (B Lab), GRI Standards and European Sustainability Reporting Standards (ESRS) — in compliance with the requirements of art. 1, para. 382, Italian Law 208/2015. The document does not constitute a certification, attestation of conformity or independent assessment by ESA.TEK S.r.l., and is approved by the Board of Directors of PLA.SE.CO S.r.l. Società Benefit pursuant to the same law.
ESA.TEK S.r.l. has supported PLA.SE.CO S.r.l. Società Benefit since its incorporation, contributing to the definition of the business model, the structuring of the methodological framework for PEC/PPC Plaseco Plastic Credits, the preparation of documentation for UNI CEI EN ISO/IEC 17065:2012 certification (TÜV Italia audit), and the development of Position Papers addressed to Big4 auditors and EFRAG.
External Evaluation Standards – art. 1, para. 382, Italian Law 208/2015
Italian Law 208/2015 requires Benefit Corporations to evaluate their impact using an external standard, defined as a tool produced by an independent third party, measuring impact on workers, community, environment and governance. This Impact Report adopts the following third-party standards:
STANDARDS
DESCRIPTION AND USE
ROLE IN THE DOCUMENT
International benchmark standard for Benefit Corporations; produced by B Lab (independent body); evaluates Workers, Community, Environment, Governance, Business Model
Primary standard ex Italian Law 208/2015
GRI Standards (Global Reporting Initiative)
International framework for sustainability reporting; GRI 401–404 (workers), GRI 301–306 (environment), GRI 413 (local communities)
KPI structure and impact indicators (Sections 4 and 6)
ESRS E5 + ESRS S (EFRAG)
European sustainability reporting standards (CSRD); ESRS E5 (circular economy and resources), ESRS S (social impact); produced by EFRAG on behalf of the European Commission
Alignment with regulatory framework and environmental/social impact metrics
DISCLAIMER
Legal Notices
Please read carefully before using this document.
1. Purpose of the document. This Impact Report has been prepared pursuant to art. 1, para. 382, Italian Law 208/2015 solely for the purposes of common benefit reporting and compliance with the disclosure obligations provided for under Italian Benefit Corporation legislation. The document constitutes an annex to the financial statements as at 31/12/2025 of PLA.SE.CO S.r.l. Società Benefit.
2. Pre-operational nature of data. PLA.SE.CO S.r.l. Società Benefit generated no invoiced revenues in financial year 2025. All activities, results and impacts described in this document relate to the research, development and infrastructure-building phase of the Company. The 2025 financial data reflects exclusively start-up costs and investments in intangible assets.
3. Forward-Looking Statements. This document contains projections, targets and estimates relating to future financial years (Year 1–Year 5). Such information is based on assumptions considered reasonable at the date of preparation and does not constitute a guarantee of future results. Actual results may differ materially due to regulatory, market, technological or operational risk factors. PLA.SE.CO S.r.l. SB assumes no obligation to update the forward-looking statements contained in this document.
4. Exclusion of liability for investment decisions. This document does not constitute, nor should it be interpreted as, an offer of investment, a solicitation to purchase shares or financial instruments, a prospectus within the meaning of EU Regulation 2017/1129, nor financial, legal or tax advice of any kind. PLA.SE.CO S.r.l. SB and ESA.TEK S.r.l. accept no liability for decisions made by third parties on the basis of the information contained in this document.
5. Reporting standards. This report has been prepared in compliance with the requirements of art. 1, para. 382, Italian Law 208/2015, and drawing on the principles of the B Impact Assessment (B Lab), GRI Standards and ESRS (EFRAG/European Commission). This document is not subject to mandatory statutory audit or third-party certification for financial year 2025.
§ 01
Identity, Governance and Corporate Structure
Company Name
PLA.SE.CO S.r.l. Società Benefit
Legal Form
Registered Office
Via Sasso, 15 – 72023 Mesagne (BR), Italia
Year of Incorporation
Circular Economy – Environmental Credits – ESG Compliance
Sector
ESRS E5 + ESRS S (EFRAG)
Website
www.plaseco.it · info@plaseco.it
Certifications in progress
UNI CEI EN ISO/IEC 17065:2012 (TÜV Italia audit) · B Corp (process to be launched by Q4 2026)
Main Recycler Partners
Agricola Imballaggi (certified capacity 24M kg/year PSV/ACCREDIA)
1.2 Founding Team and Governance
FOUNDER
ROLE
KEY EXPERTISE
Co-Founder · CEO & Legal Representative
Commercial Director, expert in environmental credits and Plastic Credits; established sector network with recyclers, certification bodies, corporates and SMEs.
Francesco Cuomo
Co-Founder & Executive
Senior Advisor Energy & ESG (ESA.TEK); EGE UNI CEI 11339:2023, Lead Auditor ISO 50001, SRG:88088, IFMA-GFS; ISO 17065 documentation management and ESG framework development.
APULIA ENERGIA S.r.l.
Co-Founder & Business Development
Commercial development, relations with large-scale retail and institutional stakeholders; renewable energy sector company.
ITAL MANAGEMENT S.r.l.
Co-Founder & CTO – Chief Technology Officer
Permissioned Blockchain Platform architecture; CREDIT-PLATFORM development; smart contracts and API integration. Reference: Francesco Sottile.
1.3 Mission, Vision and Benefit Purpose
Mission
To preserve the productive capacity of the recycling sector in Italy and Europe, providing immediate liquidity to certified recyclers, and to facilitate corporate CSRD compliance, accelerating the transition towards a functioning circular economy.
Vision
Benefit Purpose
To pursue the common benefit of preserving the Italian and European recycling sector, equitable distribution of economic value along the supply chain, reduction of the environmental impact of plastics and other recycling supply chains, and promotion of transparency in the circular economy through blockchain technology.
1.4 Statutory Benefit Objectives (Art. 3 Articles of Association)
- Preservation of employment and know-how in the recycling sector (Year 5 target: 2,400–3,000 FTE supported).
- Financial stabilisation of certified recyclers (Year 5 target: 180–220 active plants).
- Equitable distribution of economic value along the supply chain (Year 5 target: €27.75M liquidity distributed to recyclers).
- Reduction of CO₂ emissions (Year 5 target: 1,110,000 ton CO₂ equivalent avoided).
- Support for the transition towards the circular economy in Italy and progressive EU expansion.
- Self-obsolescence target (Year 8–10): the success of the PLA.SE.CO model consists in no longer being needed when the market reaches equilibrium.
§ 02
Regulatory and Market Context
2.1 The Problem Addressed
PLA.SE.CO was established in response to two converging systemic crises in the Italian and European circular economy context, starting with an analysis of the plastic recycling supply chain in Italy.
Supply-side Crisis. The Italian mechanical and chemical plastic recycling sector comprises over 400 certified plants operating with negative operating margins (approximately −2%). The primary cause is the structural absence of adequate remuneration for the recycling service: plants receive insufficient compensation for recycled material relative to processing costs, generating closure risks with impact on approximately 3,000 direct jobs and the entire Italian circular economy supply chain.
Demand-side Crisis. From 2024–2026, the CSRD (EU Directive 2022/2464) requires over 50,000 European companies (approximately 10,000 in Italy) to mandatorily report ESG impacts under ESRS. In particular, ESRS E5 requires quantitative disclosure on the use of recycled materials and support for the circular economy. Companies lack adequate tools to document and verify this support.
The Market Gap. PLA.SE.CO identifies the gap: recycling certification exists (PSV – Plastica Seconda Vita scheme – managed by IPPR and other schemes with ACCREDIA-accredited certification bodies), but a market mechanism is missing to convert this certification into liquidity for recyclers and documentary evidence for corporates. PLA.SE.CO builds this mechanism by replicating for plastics the established Guarantees of Origin (GO) model from the energy sector — operational for over 20 years and universally accepted by Big4 auditors.
Figure 1 – The PEC Circuit: from Buyer to Recycler, certified financial support for recycling supply chains.
REGULATION / STANDARD
RELEVANCE TO PLA.SE.CO.
L. 208/2015 (Società Benefit)
Legal form adopted; annual impact reporting obligations (this document).
Direttiva CSRD – UE 2022/2464
ESRS E5 – Circular Economy
Schema PSV – Plastica Seconda Vita
ACCREDIA-accredited mass balance certification for recyclers; basis of the underlying verification for each PPC Plaseco Plastic Credit.
UNI CEI EN ISO/IEC 17065:2012
Certification scheme adopted for PEC/PPC (supply chain 901); TÜV Italia audit Q1 2026.
Dir. UE 2024/825 (Green Claims)
Directive on combating greenwashing; reinforces the need for certified evidence such as PEC/PPC. In force October 2024.
Reg. UE 2023/1542 (Batteries)
Recycled content and traceability targets. Relevant to the battery supply chain (907) of the PLA.SE.CO patent.
Reg. EU 2024/1351 (PPWR updated)
Mandatory recycled plastic targets in packaging; natural market for PEC/PPC. Published May 2024.
Reg. UE 2024/1781 (ESPR – Ecodesign)
Mandatory recycled content targets for products; expands demand for environmental credits. In force July 2024.
Dec. Delegata ESRS VSME (Nov. 2024)
Simplified ESRS standard for unlisted SMEs; facilitates adoption of PEC/PPC for SME buyers. Adopted November 2024.
L. 102/2014 + L. 221/2015 (CAM)
Italian green procurement and sustainability legislation; local regulatory context.
GDPR – Reg. UE 2016/679
Compliance with personal data protection for recyclers and corporates.
§ 03
Activities Carried Out in Financial Year 2025
Note: PLA.SE.CO issued no invoices in financial year 2025. All activities described are pre-operational in nature. Commercial launch with revenue generation is planned during 2026.
3.1 Incorporation and Corporate Structure (H2 2025)
- Incorporation of PLA.SE.CO S.r.l. Società Benefit with adoption of common benefit purposes in the Articles of Association (art. 3).
- Definition of the business model based on the analogy with Guarantees of Origin (GO) from the energy sector, adapted to the certified plastic recycling sector.
- Structuring of the founding team: Piero Pasimeni (CEO, shareholder), Francesco Sottile (CTO, representative of ITAL MANAGEMENT S.r.l., shareholder), Francesco Cuomo (COO, shareholder), Domenico Magrì (Business Development, representative of APULIA ENERGIA S.r.l., shareholder).
- Mechanism definition: 1 Plaseco Plastic Credit (PPC) = 1 kg of certified recycled plastic, registered on blockchain with unique identifier GRUID (Global Recycling Unique Identifier).
- Launch of relations with the first recycler partner: Agricola Imballaggi (certified capacity 24M kg/year PSV/ACCREDIA).
- First presentation of the project to institutional and commercial stakeholders in the large-scale retail, real estate and manufacturing sectors.
3.2 Methodological Framework and Position Paper Development (H2 2025)
The most significant intellectual output of financial year 2025 is the development of the proprietary methodological framework for PEC/PPC Plaseco Plastic Credits, formalised in technical documents for Big4 auditors and EFRAG:
DOCUMENT / ACTIVITY
DESCRIPTION
Position Paper Rev. 1.0
(Ottobre 2025)
53 pages. GO-PC analogy: 10 overlap dimensions (85–90%). Two pathways: PATH 1 (Financial Contribution Narrative) and PATH 2 (Mass Balance Integration). Auditor checklists, greenwashing risk analysis.
Position Paper Rev. 1.1
(November 2025)
Joint Big4 & EFRAG
Commission Evaluation
Videoconference with EFRAG
(November 2025)
Institutional presentation of the framework. Launch of formal dialogue within the ESRS E5 technical Working Group applied to environmental credits for the circular economy.
Updated ESRS E5 Evaluation
(Dic. 2025 – Feb. 2026)
Legal and regulatory analysis of the Draft Simplified ESRS E5. FAVOURABLE WITH RESERVATIONS assessment. Significant openings through E5-4(d), paragraph 16(e) and the value chain perspective of paragraph 7.
3.3 Intellectual Property – Patent Application
Title of Invention
"Device and Tool for Environmental Credit Traceability" (IT)
UIBM Application
Inventors
Francesco Cuomo, Piero Cosimo Pasimeni, Domenico Magrì, Francesco Sottile
IPC Classification
G06Q 50/26, G06Q 40/04, H04L 9/32, G06F 21/64
Patent Attorney
Prof. Ing. Laforgia, Studio Laforgia Bruni & Partners, Bari
Incentives activated
SME Fund, Voucher 3I, Brevetti+
Patented Innovations (5 distinct technical elements)
- GO-PC Analogical Methodology Framework: transposition of the GO methodology to the environmental credits domain; 10 dimensions with 85–90% overlap.
- Multi-Criteria Additionality Assessment System (MCAAS): proprietary formula with weighted parameters for calculating credit additionality.
- Global Recycling Unique Identifier (GRUID): unique identification of each environmental credit on blockchain.
- Credit Status Real-time Query (CSRQ) API: real-time query interface for credit status.
- Blockchain 7-Step Lifecycle Management: Permissioned Blockchain Platform architecture for the entire credit lifecycle (issuance, transfer, retirement).
Strategic coverage: the patent covers all environmental credits across 10 supply chains — textile (902), glass (903), metals (904), paper (905), WEEE (906), batteries (907), tyres (908), waste oils (909), organics (910) — ensuring decade-long IP protection of the entire PLASECO CREDIT PLATFORM.
3.4 ISO/IEC 17065:2012 Certification Scheme – PLA.SE.CO as Scheme Owner
PLA.SE.CO takes the role of Scheme Owner (owner of the scheme and all related intellectual property), while TÜV Italia operates as the accredited Certification Body. Model compliant with ISO/IEC 17065:2012, as adopted by FSC, GOTS, MSC, Fairtrade and B Corp.
DOCUMENT
DESCRIPTION
TTS-PEC-001 Technical Specification
Founding document of the "PEC – PLASECO ENVIRONMENTAL CREDITS" scheme; scope, terms, MRV requirements, double counting prevention, baseline.
Certification Rules
Manuale Auditor
Regolamento Comitato Tecnico Esterno
Multi-stakeholder governance with research centres, sector academics, Legal and ESG Compliance advisors, certification bodies and regulators.
Mark Usage Rules
Governs the use of the PLASECO – PEC certification mark.
Scheme Owner – CB Agreement
Governs the PLA.SE.CO / TÜV SÜD relationship with full safeguarding of intellectual property.
Procedure Complaints & Appeals
Complaints and appeals management in accordance with international standards.
Scheme Governance + Public Registry
Governance document with public registry of certificates issued.
3.5 Technological Infrastructure – PLASECO CREDIT PLATFORM
COMPONENT
DESCRIPTION
Blockchain Permissioned Platform
Immutable and permissioned registry for issuance, transfer and retirement of PEC/PPC environmental credits.
Registry GRUID
Smart Contracts multi-signature
API RESTful (CSRQ)
Interface for integration with corporate and SME ERP systems and ESG reporting software.
Dashboard impact real-time
Real-time monitoring of recycled plastic volumes (Supply chain 901) and other supply chains, distributed liquidity, avoided carbon footprint.
Security
Privacy-preserving architecture for sensitive recycler data, compliant with international information security standards.
Architectural Target 2026
Security certification planned for 2026 as a prerequisite for full-scale commercial launch.
3.6 Commercial Development and Stakeholder Relations
- Onboarding of Agricola Imballaggi as the first pilot partner (certified capacity 24M kg/year PSV/ACCREDIA).
- Identification and launch of negotiations with 8 additional recycling plants for an aggregate of 125,000 ton/year.
- Definition of documentary and operational due diligence protocol (PRO-OPE-001).
- Meetings with large-scale retail operators: project presentation for ESG parameter optimisation and reduction of plastic impact in the supply chain.
- Development of sector case studies for main target markets: large-scale retail, Real Estate, Manufacturing.
- Corporates in advanced negotiation in the large-scale retail, Real Estate and Manufacturing sectors.
- Launch of capital raising process to support the commercial scale-up phase planned for 2026.
- EFRAG: institutional videoconference; launch of formal dialogue in the ESRS E5 technical Working Group.
- TÜV Italia: engagement for ISO 17065:2012 audit and Technical Assessment Statement of the “PEC – PLASECO ENVIRONMENTAL CREDITS” framework.
- International foundations and circular economy organisations: launch of contacts for framework sharing and circular validation.
- Studio Laforgia Bruni & Partners, Bari: filing of UIBM patent application no. 102026000004120, filed 18/02/2026.
Figure 2 – PLA.SE.CO operational timeline: from launch in 2025 to commercial go-live in 2026.
§ 04
Impact Measurement and Reporting 2025
Italian Law 208/2015 requires Benefit Corporations to annually report the impact generated using external evaluation standards. Although this is the first pre-operational financial year, PLA.SE.CO has generated significant and measurable impact in the following dimensions:
4.1 Institutional and Regulatory Impact
IMPACT AREA
KPI INDICATOR
VALUE / STATUS 2025
Position Papers Rev. 1.0 and 1.1 prepared
2 documents (53 pp and 135 pp) – Completed
Regulatory Framework
Institutional EFRAG engagement
1 institutional videoconference + formal ESRS E5 technical WG dialogue launched
Regulatory Framework
International Big4 auditor engagement
Formal assessment presented with collaboration proposal
Regulatory Framework
ESRS E5 standards analysed
Rev. November 2025 + EFRAG presentation February 2026
Intellectual Property
UIBM patent application
no. 102026000004120 – filed 18/02/2026
Intellectual Property
Patent grant probability
82–87% (international legal panel estimate)
4.2 Quality and Governance Impact
IMPACT AREA
KPI INDICATOR
VALUE / STATUS 2025
Scheme Owner role formalised
PLA.SE.CO = Scheme Owner; TÜV SÜD = Certification Body; agreement H2 2025
ISO 17065 Scheme
Technical Specification (TTS-PEC-001)
Prepared; includes scope, terms, MRV requirements, double counting prevention, baseline
ISO 17065 Scheme
Scheme documents produced
TTS-PEC-001 + Certification Rules + Auditor Manual + TC Regulations + Mark Rules + SO/CB Agreement + C&A Procedures + Scheme Governance
ISO 17065 Scheme
Scheme IP protection
IP fully owned by PLA.SE.CO; extendable to metals, textile, glass, batteries
Benefit Governance
First Impact Report
This document – February 2026
Benefit Governance
B Corp Assessment
Process to be launched by Q4 2026; target score 85+
Benefit Governance
Dual bottom line
Material decisions (>€500k) subject to mandatory impact assessment
4.3 Expected Environmental Impact (Year 5 Targets)
PLA.SE.CO has not yet generated direct environmental impact in financial year 2025. The following indicators represent the objectives for the fifth year of operation, consistent with the benefit purposes of the Articles of Association.
IMPACT AREA
KPI INDICATOR
YEAR 5 TARGET / STATUS AS AT 31.12.2025
Plastic recycled supported
555,000 ton/year (Year 5)
Environmental Impact
CO₂ equivalent avoided
1,110,000 ton CO₂eq/year (Year 5)
Environmental Impact
Recycling plants supported
180–220 active plants (Year 5)
Circular Economy
PPC Plaseco Plastic Credits issued
30 million PPC/year (Year 5)
Circular Economy
Liquidity distributed to recyclers
€27.75M/year (Year 5)
Circular Economy
Improvement in recycler margins
From −2% to +7/9% (per average plant, Year 5)
Figure 3 – Expected impact KPI comparison: Year 1 (2026) vs Year 5 (2030).
IMPACT AREA
KPI INDICATOR
VALUE / STATUS 2025 / TARGET YEAR 5
FTE in recycling sector supported
2,400–3,000 FTE/year (Year 5)
Social Impact
Plants at risk of closure preserved
15–20% of Italian production capacity (Year 5)
Social Impact
Equitable distribution model
€0.05/kg immediate liquidity to recycler
ESG Culture
Corporate companies supported in compliance
Year 5 target: 500+ active companies
ESG Culture
Target sectors served
GDO, Real Estate, Manufacturing, Retail
Transparency
Blockchain technology for traceability
Immutable public-accessible registry
4.5 Workers and Team Impac
IMPACT AREA
KPI INDICATOR
VALUE / STATUS 2025
People involved in the project
6 people (4 founding shareholders + 2 contracted senior advisors)
Professional Development
Team certifications and training in 2025
EGE UNI CEI 11339:2023, Lead Auditor ISO 50001, IFMA-GFS (ESA.TEK advisor); blockchain and smart contracts expertise (CTO Ital Management)
Equity and Internal Governance
Equal shareholding structure
4 shareholders at 25% each – no controlling majority; material decisions (>€500k) subject to impact assessment
Year 5 Employment Target
Planned direct PLA.SE.CO FTE
8–12 direct FTE (Year 5); 2,400–3,000 indirect FTE in the recycling sector supported
4.6 Community and Local Impact
PLA.SE.CO is rooted in Southern Italy (registered office in Mesagne, BR, Puglia), in a context with a high concentration of recycling sector SMEs. Each PEC/PPC Plaseco Plastic Credit sold generates direct liquidity for certified recycling plants — predominantly Central and Southern Italian SMEs — producing a multiplier effect on the local economy and employment in the communities where partner recyclers operate.
IMPACT AREA
KPI INDICATOR
VALUE / STATUS 2025
Registered office in Southern Italy
Mesagne (BR), Puglia – district with high concentration of plastic recycling SMEs
Local Economic Impact
Direct liquidity to recycling SMEs per PPC sold
€0.05/kg to recycler (Year 1); €27.75M/year distributed to the sector (Year 5)
Employment Preservation
Direct jobs at risk preserved
~3,000 direct FTE at risk; Year 5 target: 15–20% of Italian production capacity preserved
§ 05
Economic and Financial Position
Declaration: PLA.SE.CO S.r.l. Società Benefit generated no invoiced revenues in financial year 2025. All activities were pre-operational in nature (R&D, framework development, certifications, intellectual property protection). Financial resources used derive from Founding Shareholders’ contributions and advisory services provided by ESA.TEK S.r.l. to PLA.SE.CO. The balance sheet as at 31/12/2025 reflects exclusively start-up costs and investment in intangible assets.
Invoiced revenues 2025
€ 0.00 — no invoices issued (first pre-operational year)
Nature of expenses incurred
Funding 2025
Founding shareholders' contributions + ESA.TEK S.r.l. advisory
Intangible assets developed in 2025
UIBM patent application n. 102026000004120; schema ISO/IEC 17065:2012 (TTS-PEC-001); piattaforma PLASECO CREDIT PLATFORM (MVP); framework metodologico GO-PC; relazioni istituzionali con standard setter europei e organismi di certificazione
§ 06
Stakeholder Engagement
6.1 Stakeholder Map and Engagement Modes
STAKEHOLDER CATEGORY
KEY REPRESENTATIVES
Recyclers
Agricola Imballaggi, 8 impianti in pipeline
Pilot onboarding; PSV/ACCREDIA due diligence; contract definition; liquidity model presentation.
Social Corporate Demand
Operatori GDO, Real Estate, Manufacturing
PEC/PPC model presentation; advanced negotiation; CSRD compliance workshops.
Regulators / Standard Setters
EFRAG / European Commission
Institutional videoconference; formal ESRS E5 technical WG dialogue; collaboration launched.
International Auditors
Leading international audit firms (Big4)
Position Paper distribution; evaluation by joint Commission; 7 recommendations incorporated.
Certification Bodies
TÜV Italia
ISO 17065:2012 audit engagement; Technical Assessment Statement for PEC framework.
Investitors
Impact Fund, Family Office ESG
Institutional project presentation; capital raising process launched for the 2026 scale-up phase.
Institutions IP
UIBM, Studio La Forgia Bruni & Partners
Filing of patent application no. 102026000004120, filed 18/02/2026; PLASECO trademark protection strategy.
Technology Partners
ITAL MANAGEMENT S.r.l.
PLASECO CREDIT PLATFORM design and development; blockchain architecture; GRUID and CSRQ API.
ESA.TEK S.r.l.
Francesco Cuomo (EGE, Lead Auditor)
Position Paper 1.0–1.1 preparation; ISO 17065 documentation; ESG framework; institutional positioning.
§ 07
Objectives and Plans for Financial Year 2026
7.1 Operational Milestones 2026
MILESTONE
TIMING
DESCRIPTION
Q1 2026 ✓
Passing TÜV Italia Stage 1 + Stage 2 audit; zero major non-conformities; certificate issuance for PLA.SE.CO as Scheme Owner.
Patent Application Filing
DONE
Filed on 18/02/2026 with UIBM, no. 102026000004120. SME Fund and Voucher 3I incentives activated.
Commercial Launch PLASECO CREDIT PLATFORM
Q2 2026
Platform go-live; onboarding ≥10 PSV/ACCREDIA certified recyclers; first PEC/PPC transactions.
Capital Raising
Q1–Q2 2026
Completion of capital raising process for the scale-up phase; use for technology, commercial and operational development.
WG Tecnico EFRAG
Q1–Q2 2026
Kick-off workshop participation; contribution to ESRS E5 framework development for PEC/PPC.
First Invoiced Revenues
Q2 2026
First invoices issued to corporate clients (target ≥€300k H1 2026).
B Corp Certification
H2 2026
Completion of B Impact Assessment; target score ≥85.
Recycler Onboarding
December 2026
Target: ≥10 active PSV/ACCREDIA certified plants.
Year 1 Revenues (2026)
December 2026
Launch and consolidation of revenue generation from commercial activity.
7.2 KPI Targets for Financial Year 2026
IMPACT AREA
KPI INDICATOR
TARGET 2026
Recyclers onboarded
≥10 active PSV/ACCREDIA plants
Operational
PEC/PPC issued
≥10,000,000 (conservative target)
Operational
Blockchain platform uptime
≥99,9%
Commercial
Active corporate clients
≥15 aziende
Commercial
NPS cliente
≥50 (riciclatori e corporate)
Commercial
Average recycler onboarding time
≤28 giorni
Financial
Revenues 2026
Launch of revenue generation from commercial activity
Financial
Capital raising
Completion of capital raising for scale-up phase
Impact
Liquidity distributed to recyclers
€500,000+ (Year 1)
Impact
CO₂ evitata supportata
≥10,000 ton CO₂eq (Year 1)
§ 08
Board of Directors' Declaration
This Impact Report is approved by the Board of Directors of PLA.SE.CO S.r.l. Società Benefit and certifies that the information contained herein is accurate, complete and consistent with the principles of transparency and truthfulness required by Italian Law 208/2015 for Benefit Corporations.
The Board of Directors declares that:
- PLA.SE.CO has pursued, in financial year 2025, the common benefit purposes defined in the Articles of Association, despite not yet having commenced commercial activity.
- The research and development activities for the PEC/PPC Plaseco Plastic Credits framework, intellectual property protection, and institutional engagement with EFRAG and Big4 auditors constitute concrete commitments towards common benefit objectives.
- The first financial year 2025 has laid the foundations of the methodological, technological and relational infrastructure needed to generate significant environmental and social impact from financial year 2026 onwards.
- This Impact Report will be made publicly available on the PLA.SE.CO website (www.plaseco.it) in the “Transparency and Impact” section, in accordance with the disclosure obligations of Italian Law 208/2015.
Mesagne (BR), 27 February 2026
Piero Pasimeni
CEO & Legal Representative – PLA.SE.CO S.r.l. SB
ESA.TEK S.r.l. · Senior Advisor Energy & ESG Compliance
Dott. Francesco Cuomo – EGE UNI CEI 11339:2023 · Lead Auditor ISO 50001:2018 · SRG:88088 · IFMA-GFS
Preparer’s signature
Registered Office: Piazza Pilastri 18, 80125 Napoli · P.IVA 06012061211 · www.esateksrl.it · info@esateksrl.it
Document prepared to the highest Big4 ESG consulting standards · Rev. 03 · 27 February 2026 · DOC-SB-IMP-2025-001
APP. A
Glossary of Terms and Acronyms
TERM
DEFINITION
Additionality
Principle whereby the certified financial support provided to recyclers through PEC/PPC must produce an environmental and social impact that would not have occurred in the absence of such support. Calculated through the proprietary MCAAS system.
Baseline
Buyer
PEC Circuit
The operating mechanism of the PLA.SE.CO model: Buyer purchases PEC/PPC → proceeds flow to PLA.SE.CO → PLA.SE.CO transfers certified financial support to Recyclers → common benefit for the recycling supply chain.
Environmental Credit
Certified evidence instrument attesting to financial support for a recycling supply chain in crisis, issued by PLA.SE.CO as Scheme Owner and certified by TÜV Italia as Certification Body pursuant to ISO/IEC 17065:2012.
Double Counting
Risk that the same tonne of recycled material is counted more than once within different environmental credit mechanisms. The TTS-PEC-001 includes specific prevention procedures.
Supply Chain
Commodity sector covered by the PEC scheme. The 10 supply chains covered by UIBM patent no. 102026000004120 are: plastics (901), textile (902), glass (903), metals (904), paper (905), WEEE (906), batteries (907), tyres (908), waste oils (909), organics (910).
GO – Guarantee of Origin
Energy certificate (EU Dir. 2018/2001) attesting to the production of energy from renewable sources. The PLA.SE.CO PEC/PPC framework replicates and adapts this established methodology to the recycling sector.
GRUID
Global Recycling Unique Identifier — the unique identification code assigned to each PPC batch, guaranteeing its immutable traceability on blockchain.
MRV
Monitoring, Reporting and Verification — system for measuring, reporting and verifying certified recycling activities, underpinning the PEC/PPC issuance mechanism.
PEC – Plaseco Environmental Credits
Name of the umbrella scheme for circular economy environmental credits developed by PLA.SE.CO. The first operational supply chain is plastics (PPC).
PPC – Plaseco Plastic Credits
First operational supply chain of the PEC scheme: certified environmental credits relating to plastic recycling. 1 PPC = 1 kg of certified recycled plastic PSV/ACCREDIA, registered on blockchain with GRUID.
Recycler
Recycling plant certified PSV/other ACCREDIA schemes participating in the PEC/PPC mechanism as beneficiary of certified financial support.
Retirement
Irreversible process of withdrawing a PEC/PPC from the blockchain registry. Retirement triggers issuance of the Retirement Certificate to the Buyer by both PLA.SE.CO and TÜV Italia.
Scheme Owner
Party owning the certification scheme, its requirements and all related intellectual property. PLA.SE.CO S.r.l. SB is the Scheme Owner of the PEC – PLASECO ENVIRONMENTAL CREDITS.
ACRONYM
MEANING
ACCREDIA
Italian Accreditation Body – sole national accreditation body for certification, inspection and laboratory bodies
B Lab
CB
CSRD
Corporate Sustainability Reporting Directive – EU Directive 2022/2464
CSRQ
Credit Status Real-time Query – PLA.SE.CO proprietary API for real-time querying of PEC/PPC credits
ESG
Environmental, Social and Governance – corporate sustainability evaluation criteria
ESPR
Ecodesign for Sustainable Products Regulation – EU Reg. 2024/1781
ESRS
European Sustainability Reporting Standards – technical standards developed by EFRAG for reporting under the CSRD
EFRAG
European Financial Reporting Advisory Group – technical body developing ESRS on behalf of the European Commission
FTE
Full-Time Equivalent – unit of measure equivalent to one full-time worker
GO
Guarantee of Origin – energy certificate (EU Dir. 2018/2001); methodological reference model for PEC/PPC
GRI
Global Reporting Initiative – organisation developing international standards for sustainability reporting
GRUID
Global Recycling Unique Identifier – unique identification code for each PEC/PPC batch on blockchain
IP
Intellectual Property
ISO
International Organization for Standardization
KPI
Key Performance Indicator
MCAAS
Multi-Criteria Additionality Assessment System – proprietary system for calculating PEC/PPC additionality
MRV
Monitoring, Reporting and Verification
NPS
Net Promoter Score – customer satisfaction and loyalty indicator
ODC
Certification/Control Body – ACCREDIA-accredited body certifying PSV recyclers
PEC
Plaseco Environmental Credits – umbrella scheme for circular economy environmental credits
PMI
Small and Medium-sized Enterprise
PPC
Plaseco Plastic Credits – first operational supply chain of the PEC scheme (plastics)
PSV
Post-Consumer Recycled Plastic – mass balance certification scheme managed by IPPR with ACCREDIA-accredited certification bodies
R&D
Research & Development
SB
Società Benefit (Italian Benefit Corporation) – legal form pursuant to Italian Law 208/2015
SO
Scheme Owner – owner of the certification scheme
TAM
Total Addressable Market
TTS
Technical Specification – founding technical document of the PEC scheme (TTS-PEC-001)
UIBM
Italian Patent and Trademark Office (UIBM)
APP. B
Regulatory References and Web Resources
REGULATION
TITLE AND VERIFIED LINK
L. 208/2015
Law of 28 December 2015, no. 208 – Benefit Corporations
normattiva.it
Dir. UE 2022/2464 (CSRD)
ESRS E5
European Sustainability Reporting Standards – E5 Resource Use and Circular Economy
efrag.org
Dir. UE 2024/825 (Green Claims)
Reg. UE 2023/1542 (Batteries)
Reg. UE 2024/1351 (PPWR)
Reg. UE 2024/1781 (ESPR)
Dec. Delegata ESRS VSME (2024)
ESRS standard for unlisted SMEs – November 2024
efrag.org
ISO/IEC 17065:2012
Conformity assessment – Requirements for bodies certifying products, processes and services
iso.org
GDPR – Reg. UE 2016/679
ORGANISATION / RESOURCE
VERIFIED LINK
PLA.SE.CO S.r.l. Società Benefit
ESA.TEK S.r.l. – Senior Advisor Energy & ESG
TÜV Italia S.r.l. (TÜV SÜD Group)
B Lab – B Impact Assessment
GRI Standards
EFRAG
ACCREDIA
UIBM – Italian Patent and Trademark Office (UIBM)
IPPR – PSV Scheme
EUR-Lex
Note: all links listed in this appendix were verified at the document issue date (February 2026). PLA.SE.CO S.r.l. SB accepts no responsibility for subsequent changes to URLs.
