measure and monitor the processes and report results ... - Refresco.de

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Sustainability review 2010 offering employees a safe, healthy and fun working place, and guaranteeing stakeholders a fair share of the results. Tales Cubero gives a few examples of how this is given shape in daytoday operations. “ We have been burning organic fuel since 2000. For much longer than that, we have been running a production process that leaves no physical waste from the orange. Everything is recovered, from the juice to the pulp. Besides juice, we produce aroma and citrus pulp pellets, which are sold as cattle feed.” Meanwhile, the company has for many years demonstrated its social responsibility through multiple social projects in Brazil. Recently, Citrosuco and Refresco have been actively involved in a project together in which they look at ways of reducing the road mileage of the products: both concentrated and notfromconcentrate orange juice. The main questions are how to reduce the impact on the environment and optimize supply chain sustainability. Tales Cubero sees plenty of opportunities to collaborate in the entire supply chain. But he points out that collaborating with governments is also very worthwhile. “In Brazil, we worked with the government on achieving an ideal balance between safety and load factor. We were able to extend our truck’s load factor by 25% making the tanker longer and spreading and adding axes thus guaranteeing the same if not better safety and direct CO2 savings!” The biggest growth opportunities for Citrosuco can be found in emerging markets, says Tales Cubero. “The juice and drink markets in Asia are still in their infancy. China and India have great growth possibilities. We also foresee growth in Eastern Europe and Africa, a continent too often forgotten. For sure, Brazil itself, as one of the world’s up and coming economies, has a great potential for growth. And our people are already in the habit of drinking orange juice.” In more saturated markets like West Europe and North America, Tales Cubero sees great growth potential in promoting 100% juice as part of a healthy diet. “Juice is included as one of the five portions of fruit and vegetables that local governments are recommending, but many people do not consume their five a day, and if they do, that often fails to include juice. Raising consumer awareness can give a great boost to our juice industry. Everybody should wake up and have breakfast with a glass of orange juice. Cheers!”
Packaging materials Refresco’s main packaging formats are in carton and in PET. In 2010, 37% of our packaging was carton, which consists largely of wood pulp, a natural resource produced sustainably by our suppliers. 39% of our packaging was plastic (both PET and aseptic PET). This packaging always contained recycled PET, mostly 25% and in a growing number of cases 50%. The remaining 24 % of the sold units was packed in steel and aluminum cans. For other materials we use, we are also increasingly switching to sustainable alternatives. Lightweight packages, closures and secondary packaging are becoming the norm at Refresco. We interviewed two of our largest suppliers in both categories. Carton One of Refresco’s main carton packaging suppliers is SIG Combibloc. They handle almost 60% of Refresco’s carton packages. The remaining 40% is for a big majority supplied by TetraPak. We talked to Rolf Stangl, CEO about the cooperation with Refresco and his view on promoting a sustainable supply chain. SIG Combibloc is one of the worlds’ biggest suppliers of carton packages for longlife food products such as juice, milk, soups and sauces. As a systems provider, SIG Combibloc delivers not only the packaging material, but also the corresponding filling machines. The company’s relations with Refresco, and before that with Refresco founder company Hardthof, go back thirty years. Rolf Stangl, CEO of SIG Combibloc explains the secret of this winning partnership. “What has made and still makes the cooperation with Refresco successful is the fact that we share a common open, pragmatic approach. We both aim for profitable growth in the nonalcoholic segment. We are constantly on the lookout for new business opportunities and we try to help each other in difficult economic times.” SIG Combibloc, a true pioneer in the industry, sees its responsibility towards the environment as an integral part of its daily business. Already in 1994, the company introduced its first environmental management system. In all its activities, the impact on the environment is kept to a minimum. This mindset is firmly anchored in the global SIG Combibloc Environmental Policy and Guidelines. “We take our environmental responsibility very seriously,” Stangl explains. “Our carton packs are composed of up to 75 per cent wood pulp fibers, obtained from wood, a natural renewable resource. Selecting this raw material responsibly in line with high ecological standards is one of our top priorities. Keeping our carton packaging ‘state of the art’ is paramount in SIG Combibloc’s strategy.” page _ 48 / 49
Page 1 and 2: annual 2010 report
Page 3: annual 2010 report
Page 7 and 8: Refresco at a glance
Page 9 and 10: Mission statement To be the Europea
Page 11 and 12: Buy & Build strategy By buying stro
Page 13 and 14: Our differentiators Our Total Portf
Page 15 and 16: 18 19 20 Our locations in europe Be
Page 17: Main achievements • • • •
Page 20 and 21: hans Roelofs Aart duijzer
Page 22 and 23: Business review 2010 “A sustainab
Page 24 and 25: Business review 2010 Review 2010 Lo
Page 26 and 27: Business review 2010 2010 revenue A
Page 28 and 29: Business review 2010 People and org
Page 30 and 31: Business review 2010 Second, furthe
Page 32 and 33: Business review 2010 Outlook 2011 d
Page 34 and 35: Business review 2010 Governance Ref
Page 36 and 37: Business review 2010 Risks related
Page 38 and 39: Business review 2010 Governance Str
Page 40 and 41: Business review 2010 Supervisory Bo
Page 42 and 43: Business review 2010 7.4% to EUR 1,
Page 45 and 46: Sustainability review 2010
Page 47: Raw materials: orange juice Refresc
Page 51 and 52: PET One of Refresco’s largest sup
Page 53 and 54: Transportation Refresco constantly
Page 55: Refresco Business Units have in rec
Page 59 and 60: Contents Financial statements 60 Co
Page 61 and 62: Consolidated income statement 2010
Page 63 and 64: Consolidated cash flow statement 20
Page 65 and 66: Notes to the consolidated financial
Page 67 and 68: Hedge of a net investment in a fore
Page 69 and 70: present value of the minimum lease
Page 71 and 72: Termination benefits Termination be
Page 73 and 74: • • • • • The definition
Page 75 and 76: In respect of other monetary assets
Page 77 and 78: EUR’000 dEPRECIATION ANd IMPAIRME
Page 79 and 80: 4.2 Intangible assets The compositi
Page 81 and 82: The values assigned to the key assu
Page 83 and 84: EUR’000 Movement in temporary dif
Page 85 and 86: 4.5 Inventories The composition as
Page 87 and 88: Current liabilities The composition
Page 89 and 90: The Group contributes to a number o
Page 91 and 92: Actuarial assumptions Principal act
Page 93 and 94: 5.3 Employee benefits expense The c
Page 95 and 96: Finance income and expense recogniz
Page 97 and 98: The acquisition had the following e
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Liquidity risk The contractual matu
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The following significant exchange
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6.3 Operating leases Operating leas
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Other related party transactions Th
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Company income statement 2010 EUR
Page 109 and 110:
Refresco Group B.V. owns the follow
Page 111 and 112:
On March, 24 2010 the following sha
Page 115:
Independent auditor’s report To:
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Contact REFRESCO GROuP B.V. www.ref
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