Cytech, the company that owns the Elastic Interface brand and a global leader in the production of chamois pads for cycling shorts, has changed its Articles of Association and became a benefit company.
The long-term commitment sanctioned by the Shareholders’ Meeting on 30 June is the seal on a path that, for Cytech, has always been a reality. Since its foundation, the company has been guided by principles of transparency, fairness and respect for the environment and the society in which it operates. Since 2017, the company has officially adopted the 3R programme for waste reduction and conscious use of resources, as well as being ISO 14001 certified since 2018.
Massimo Fregonese, CEO of the group, said: “For Cytech, being a benefit company means being aware that our actions have an impact. This is the key point that drives us: what we do today will have consequences on tomorrow’s world and, therefore, on the world our children will live in. By incorporating areas of common benefit into our Company Statue, we have made a concrete, long-term commitment to future generations. Our actions always have consequences: whether they are positive or negative consequences is up to us to define. Cytech, with this signature, has made its choice!”
