On 19 March 2020 Florim acquired Benefit Corporation status.
From a legal standpoint, this is a momentous development, since the company has thereby integrated an additional purpose into its articles of association that goes beyond its traditional economic goals. In doing so, Florim makes its Mission – which has always focused on creating value for people and the communities in which it operates, as well as regenerating the environment – official, safeguarding it in the long term.
“Benefit Corporations represent the evolution of the notion of a company because they integrate in their business model, together with profit targets, an explicit commitment to operate responsibly and sustainably, protecting the interests of stakeholders and the environment. […] Florim’s transition into a Benefit Corporation was nothing more than the formalisation of a course that it has pursued for many years. Measures included in the company’s strategy to minimize environmental impact and support employees and the local area were part of the way we do business before the concept of “sustainability” became widespread.” – Florim’s Chairman Claudio Lucchese