Sirmax builds its ESG system: annual reporting, carbon footprint and European taxonomy
Sirmax
The context
The objectives
Circularity's intervention
The results
Sirmax
Sirmax is a leading multinational in the production of thermoplastic resins and high-performance compounds. With plants in Italy, Poland, Brazil, India and the United States, the group serves the automotive, appliance and electronics sectors with high-tech material solutions. Since 2024, Circularity has been accompanying Sirmax as an ESG partner in a structured journey integrating annual reporting, emissions management and European regulatory compliance.
The context
Sirmax operates in a context where transparency and compliance demands arrive simultaneously from multiple directions: major automotive and appliance clients requesting sustainability data on purchased materials, financial institutions assessing creditworthiness also on the basis of ESG metrics, and a rapidly evolving European regulatory framework — EU Taxonomy and CSRD. All of this within a sector where the transition towards recycled and bio-based raw materials adds further variables along the value chain.
The challenge was not to build a sustainability culture from scratch, but to translate the management discipline already present within the company into a credible, coherent ESG reporting system integrated with business strategy.
The objectives
To report the group's ESG performance annually according to GRI Standards in compliance with CSRD requirements; to measure the carbon footprint across all emission Scopes and develop an emissions reduction plan integrated with strategic planning; and to verify the alignment of economic activities with the EU Taxonomy.
Circularity's intervention
Since 2024, Circularity has been supporting Sirmax across three integrated workstreams.
Annual Sustainability Report
Each year, Circularity supports Sirmax in structuring and drafting the Sustainability Report according to GRI Standards, ensuring CSRD compliance and continuity in reporting. The document is the primary tool through which the group communicates its ESG performance to international clients, financial institutions and supply chain stakeholders.
Carbon Footprint measurement and reduction plan
Circularity calculated the group's greenhouse gas emissions across Scope 1, 2 and 3 according to the GHG Protocol, analysing production sites in Italy, Poland, Brazil, India and the United States and mapping the main emissions sources along the value chain. Building on the data collected, a multi-year reduction plan was developed, integrated with the group's industrial and financial objectives, identifying the main levers for intervention at production sites and in procurement activities.
EU Taxonomy alignment
Circularity verified the alignment of Sirmax's economic activities with EU Regulation 2020/852, applying the Do No Significant Harm (DNSH) principle and calculating the required financial KPIs — CapEx, OpEx and Turnover — for each eligible activity. Work that positions the group favourably with respect to sustainability-oriented financial instruments and strengthens ESG credibility towards institutional investors.
The results
The journey initiated in 2024 has equipped Sirmax with a structured ESG system, integrated into business processes and replicable over time. The group now has an annual Sustainability Report compliant with CSRD requirements, a complete emissions inventory across all Scopes and a multi-year reduction plan oriented towards decarbonisation. EU Taxonomy alignment has strengthened the group's positioning with financial institutions and sustainable finance instruments. A solid methodological foundation, built to grow with the company and to anticipate the regulatory developments of the coming years.
Launch your decarbonization strategy
With us at Circularity, it's easier.