Every euro invested in the Italian glass supply chain would generate 2.5 euros of value in environmental, social and economic terms. A forecast, the one calculated by the study conducted by Open Impact, which applies the innovative SROI (Social Return on Investment) methodology to the sector.
A transparent future
The study was presented at the opening of the conference “Il futuro attraverso il vetro” (The future through glass), organized by Assovetro, in collaboration with the CNEL (National Council of Economy and Labour), on the morning of Thursday 23 February. The conference investigated investment opportunities in the Italian glass industry and its decarbonisation process.
In summary, the study found that an investment of 10.7 billion can promote an economic and socio-environmental return of more than 27 billion. This account should include 8.7 billion of investments in interventions aimed at promoting the decarbonisation of the sector, which will generate a return from a social point of view close to 12.2 billion.
A unique case in Europe
Italy represents an absolute European excellence: it is in fact the only reality of the Old Continent in which all the productions related to the glass industry are present. The sector has about 60 factories and 32 large production companies, 300 companies operating in the transformation sector and 30,000 direct employees; and serves some crucial sectors for Made in Italy: from flat glass for the automotive, construction and furniture industries, to hollow glass for the food, packaging and pharmaceutical industries.
The decarbonisation work of the glass industry, as underlined by the President of Assovetro, Marco Ravasi, represents a driving force for the promotion of a transition for the entire Italian economy: it will in fact favor the diffusion of the so-called green jobs and will produce an important social and monetary return.
Sources: ansa.it, adnkronos.com, italiaoggi.it