Climate Change Data

FERSA GROUP and GOING INVESTMENT, S.A.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:3,903 tons of CO2 equivalents (2023)
Scope 1 Emissions:6,674 Kg-CO2e (2023)
Scope 2 Emissions:3,896,368 Kg-CO2e (2023)
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:8,734,343 KWh (2023)
Water Consumption:15,097 m3 (2023)
Waste Generated:See report for detailed breakdown by plant and type (hazardous and non-hazardous)
Carbon Intensity:See report for emissions per unit of output

ESG Focus Areas

  • Economic
  • Environmental
  • Social
  • Governance
  • Human Rights
  • Anti-corruption

Environmental Achievements

  • Reduced carbon footprint (specific figures vary by plant and year, see report for details)
  • Installation of photovoltaic panels in new FersaLab building
  • Improved energy efficiency through monitoring and minimization of losses in compressed air systems and air conditioning
  • Improved efficiency of the plant's industrial refrigeration system (Austria)

Social Achievements

  • Certified as a Great Place to Work® for the second consecutive year
  • Implementation of a 360º Wellness Program
  • 83% of interns became permanent staff
  • 2% voluntary departures

Governance Achievements

  • Creation of a dedicated Compliance area reporting directly to the Board of Directors
  • Launch of a corporate whistleblower channel

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Supply chain disruptions
  • Maintaining profitability while integrating ESG principles
  • Managing growth while ensuring sustainability
Mitigation Strategies
  • Strategic acquisitions to expand product portfolio and market presence
  • Vertical integration to reduce costs and improve quality
  • Continuous improvement of production processes to reduce waste and energy consumption
  • Implementation of sustainable practices throughout the value chain

Supply Chain Management

Supplier Audits: 16 audits performed in 2023

Responsible Procurement
  • Establishment of sourcing criteria with environmental, social, ethical, equality and social responsibility requirements
  • Supplier acknowledgement of a responsible declaration with the Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 9001, ISO 14001, ISO 45001, IATF 16949

Third-party Assurance: Bureau Veritas Certification

UN Sustainable Development Goals

  • Goal 8: Decent work and economic growth
  • Goal 9: Industry, Innovation and Infrastructure
  • Goal 10: Reduction of inequalities
  • Goal 12: Responsible Production and Consumption
  • Goal 13: Climate action
  • Goal 3: Health and Wellness

See report for details on how initiatives contribute to these goals

Sustainable Products & Innovation

  • Lightened aluminum wheel hub
  • Electrically insulated bearings
  • Hybrid bearings

Awards & Recognition

  • Great Place to Work® Certification