Glass supply chain, the positive impacts of investments

According to a study conducted by Open Impact, every euro invested in Italy would generate 2.5 euros of positive value in environmental, social and economic terms

Investing in the Made in Italy glass supply chain is convenient for the economy and the environment: with an investment of 10.7 billion, in fact, a social, economic and environmental return of over 27 billion could be generated. The opportunities to invest in the Italian glass industry and in its decarbonisation and the elements of direction to accompany its ecological transition were the themes at the center of the conference ‘The future through glass’ organized by Assovetro, in collaboration with Cnel which is took place this morning in Rome.

The glass industry is present in Italy, a unique case in Europe, with all the productions and serves numerous strategic supply chains of Made in Italy: flat glass for cars, for construction and for furnishings and furniture, hollow glass for food packaging, for cosmetics , for the pharmaceutical industry, glass fibers for reinforcement and insulation, technical glass. The sector has about 60 factories and 32 large manufacturing companiesin addition to approx 300 processing companies and 30,000 direct employees.

The study conducted by Open Impact, which was presented at the opening of the Conference, applied the innovative Sroi (Social Return on Investment) methodology to the glass supply chain: every euro invested in Italy would generate 2.5 euros of positive value in environmental, social and economic terms.

“Glass is central to supporting the transition – explains the president of Assovetro, Marco Ravasi – and can do so with more than positive social, environmental and economic returns, demonstrating that the transition of the economy in a green and circular sense can be a driving force for development, especially if faced without prejudice, but rather by choosing the most effective options to achieve the objectives that we aim for”.

“The case of the glass supply chain can represent a model for the green transition and demonstrates how investing in sustainability is rewarding both in terms of employment, favoring the so-called green jobs, and more generally from an economic and social point of view”, he adds the president of the CNEL, Tiziano Treu.

Assuming an investment of 10.7 billion for the entire glass supply chain, the study underlines that it could generate a positive value of 27.2 billion. In particular, the return from a social point of view is 12.2 billion and the investment in environmental terms is 8.7 billion.

The decarbonisation of glass production, underlines the study, has very positive repercussions in terms of impact on the sector and enables the transformation of the entire economy (construction and agri-food supply chains) in a green and circular sense, allowing the Italian production system to achieve greater resilience. “It is therefore necessary – we read – to encourage the decarbonisation process of the glass supply chain through maneuvers and incentives that support manufacturing companies and help consumers make more responsible choices”.