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Polynt Group's journey towards a ESG Data Governance

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Polynt Group is a multinational company founded in 1955. It was part of the Alusuisse Lonza Group until 2006, and was listed on the Milan Stock Exchange from 2006 to 2008. It is a leader in the production of chemical specialties, intermediates,  and composite materials. In 2011, with the acquisition of CCP, followed by acquisitions from Total in 2014, and in 2017, it completed its merger with Reichhold, creating a global group with a turnover of €2.4 billion, approximately 3,000 employees, and 37 plants in Europe, North America, and Asia. Its headquarters are located in Scanzorosciate (BG), where approximately 500 people work. Polynt Group is committed to offering high-quality products with a strong focus on innovation and customer satisfaction. 

The Challenge

Polynt Group faced a decision regarding the management of sustainability and corporate reporting data. During the first year, the data collection process, based on questionnaires and Excel, proved to be inadequate,  limiting the company’s ability to aggregate, verify, and analyze data in a structured and scalable way. The company required a solution that would enable centralized and reliable information management, while ensuring compliance with sustainability standards and accuracy for financial auditing purposes.

Moreover, increasing market and customer pressure demanded greater transparency, more detailed information, and responsiveness in reporting, requirements that were difficult to meet with the existing tools. This led to the decision to adopt the ESGeo Suite, which currently involves around 130 users globally in the data collection process, offering a high level of efficiency, control, and data scalability.

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The Approach

To address these challenges, two key solutions were implemented: 

  1. The first focused on sustainability reporting for all global production units, covering a total of 37 sites across the Americas, Asia, and Europe. 
  2. The second solution involved data collection to support the calculation of the LCA (Life Cycle Assessment), aimed at determining the product's carbon footprint. 

The platform has been designed to integrate, shortly, taxonomy regulations and the TCFD (Task Force on Climate-related Financial Disclosures), ensuring comprehensive ESG governance aligned with international best practices. 

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The Impact

The transition from manual management using questionnaires and Excel to a structured information system significantly improved data management and security. The use of the ESGeo Suite enabled the processing and analysis of vast amounts of information with greater accuracy and reliability, ensuring quick access to required data.

The workflow optimization made Polynt Group faster, more efficient, and more effective in responding to customer requests. Additionally, with multi-user access, the ESG department and other stakeholders can view and verify data in real-time. The system has introduced a hierarchical approval mechanism, allowing validators to approve data submitted by contributors, thereby enhancing control and transparency.

At last, the ability to attach supporting documents has facilitated internal and external reviews, strengthening compliance with regulatory requirements. 

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