Climate Change Data

The Italian Sea Group S.p.A.

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:1116.5 tCO2e/year
Scope 1 Emissions:59.7 tCO2e/year
Scope 2 Emissions:374.2 tCO2e/year
Scope 3 Emissions:710.0 tCO2e/year
Renewable Energy Share:87.1% of total energy use
Total Energy Consumption:3919 GJ/year
Water Consumption:83.117 m3/year
Waste Generated:1955.6 tons/year

ESG Focus Areas

  • Environment
  • Governance
  • Social Impact

Environmental Achievements

  • Marina di Carrara HQ sourced energy exclusively from renewable sources
  • Marina di Carrara sheds covered with photovoltaic panels, saving over 1,000 tons of CO2 annually
  • Delivery of the Kensho 75m motor yacht, a benchmark for sustainable yachting

Social Achievements

  • Strengthened collaboration with Trieste, Genoa, and La Spezia Universities through TISG Academy
  • Launched the 'Young Award' to recognize employees under 30
  • Implemented Reverse Factoring agreements with major banking institutions with a total plafond of over 42 million Euros to support supply chain liquidity

Governance Achievements

  • Developed a solid Sustainability governance and policy system on human rights, diversity, environment, and shareholder dialogue
  • Established a well-structured governance based on best practices
  • Presence of an Audit, Risk and Sustainability Committee and a Sustainability Team
  • Approval of Policies on Human Rights, Diversity and Inclusion, Environment and Shareholder Engagement.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Increase % of energy from renewable sources (>95% by 2025)
  • Carbon neutrality for Scope 1 & 2 emissions (by 2023)
Short-term Goals:
  • Supplier analysis, classification, and monitoring (Top 75 by 2025)
  • Increase training hours per employee (>8 hours by 2025)
  • Increase % of women in managerial roles (25% of total hires/promotions every year)
  • Reduce employee gender pay gap (annually increase the salary of female employees by 1-2% for managers and directors, 3% for employees and workers)
  • Obtain ISO 14001 Environmental Certification (by 2023)

Environmental Challenges

  • Reducing the environmental impact of the business
  • Making the supply chain more sustainable
  • Strengthening employee well-being and development in absolute gender equality
Mitigation Strategies
  • Increasing the use of renewable-source energy and compensating Scope 1 and Scope 2 emissions
  • Investing to make the supply chain more sustainable
  • Organizing annual appointments to listen to employee needs and plan improvement initiatives

Supply Chain Management

Responsible Procurement
  • Reverse Factoring agreements
  • Assessment of suppliers on legal and corporate situation, economic-financial stability, production capacity, compliance with legal and TISG requirements on workplace health and safety, and compliance with current legislation on social ethics and environmental safety

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 9001, ISO 45001

Third-party Assurance: BDO Italia S.p.A

Sustainable Products & Innovation

  • Kensho 75m motor yacht
  • Yachts with advanced variable-speed diesel-electric propulsion systems
  • Panorama and Gentleman Picchiotti lines