Climate Change Data

ICAM S.p.A.

Climate Impact & Sustainability Data (2021, 2022, 2023)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:11,936 tCO2e/year
Scope 2 Emissions:377 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:15%
Total Energy Consumption:Not disclosed
Water Consumption:137 ML/year
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Supply Chain
  • People
  • Environment
  • Innovation

Environmental Achievements

  • Reduced Scope 1 and 2 emissions by approximately 10% compared to 2020
  • 15% of electricity purchased from renewable sources
  • 71% reduction in primary wrapping of chocolate bars, saving 64 tons of paper
  • Introduced innovative compostable packaging for its own brand

Social Achievements

  • Financial contributions to 41 employees for socially useful activities and 96 employees for school costs
  • 15,265 hours of training provided in 2021, with an average per capita of 40.7 hours
  • 46% of all employees are women
  • Low staff turnover rate (7.2%)

Governance Achievements

  • Established the specific function of Chief Sustainability Officer
  • Adopted a Food Integrity Policy to prevent food fraud
  • ICAM was classified among the 100 most ethical companies for its commitment to addressing sustainability issues (Sustainability Award)

Climate Goals & Targets

Long-term Goals:
  • Achieve Climate Neutrality (2050)
  • Developing 3 agroforestry system projects (2030)
  • Developing a program to fight forced labor and child labor (2030)
Medium-term Goals:
  • Strengthening the Governance of Sustainability system and developing national and international partnerships (2025)
  • Supporting the training of local talent (>50 young people) (2025)
  • Realizing the company’s commitment to social issues through corporate volunteering initiatives (2025)
  • Increase productivity and income of cocoa farmers, training 5,000 small cocoa producers (2025)
Short-term Goals:
  • Contributing to the creation and spread of well-being and to improve the quality of life of collaborators and their families through the definition of a new supplementary agreement for the revision of the element of professionalism, and the enhancement of the benefit package offered to employees (2022)
  • Contributing to the professional growth of the company’s human capital through investment in training and the process of continuous improvement (2023)
  • Strengthening the organizational structure, in order to facilitate constant improvement, adopting all the necessary precautions to prevent dangers, and guaranteeing respect for people and rules (2023)
  • Improving energy efficiency and reducing the environmental impact of production activities (2023)
  • Improving the sustainability of packaging (2023)

Environmental Challenges

  • Main source of carbon footprint was the supply chain
  • Short-term economic difficulties due to increased energy costs
  • Shortage of packaging materials towards the end of the year
Mitigation Strategies
  • Commissioned a third-party investigation into the environmental impact of Ugandan cocoa
  • Developed alternative sourcing strategies
  • Introduced a new Car Policy providing for low-emission cars
  • Intends to resume weight reduction project as soon as the market situation allows it

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • ICAM Code of Ethics signed by 96% of cocoa suppliers and 100% of other raw material suppliers
  • Fairtrade certified cocoa (over 40% of total supply)
  • Rainforest Alliance certified cocoa (over 10% of total supply)
  • Annual purchase contracts with cooperatives

Climate-Related Risks & Opportunities

Physical Risks
  • Adverse weather conditions damaging cocoa harvest
Transition Risks
  • Not disclosed
Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI Standards (G4-Food Processing Sector Disclosures), Core option

Certifications: ISO 9001, BRC, IFS

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Goal 2
  • Goal 4
  • Goal 7
  • Goal 8
  • Goal 12
  • Goal 13
  • Goal 15
  • Goal 17

ICAM's activities contribute to these goals through initiatives related to food security, education, renewable energy, decent work, responsible consumption and production, climate action, life on land, and partnerships for the goals.

Sustainable Products & Innovation

  • Vanini Uganda Organic Bars
  • Dairy Free coverings

Awards & Recognition

  • Sustainability Award 2021
  • Quality Award 2021
  • Italian Food Award
  • Innovation Guide Top 100 Prize
  • DS-DolciSalati&Consumi Awards Prize

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:11,140 tCO2e/year (Scope 1) + 287,666 tCO2e/year (Scope 3) (2020 data)
Scope 1 Emissions:11,140 tCO2e/year
Scope 2 Emissions:0 tCO2e/year
Scope 3 Emissions:287,666 tCO2e/year (2020 data)
Renewable Energy Share:100% (Italy, since 2021)
Total Energy Consumption:237,707 GJ/year (Italy) + 484 GJ/year (Uganda)
Water Consumption:138 million m3/year (Italy)
Waste Generated:1,949,400 kg/year (Italy)
Carbon Intensity:0.32 tCO2e/ton (2022)

ESG Focus Areas

  • People
  • Supply Chain
  • Innovation
  • Environment

Environmental Achievements

  • Reduced Scope 1 emissions by 7.2%
  • Reduced energy intensity index by 8.4%
  • Reduced water consumption by 5%
  • 98% of organic material waste destined for recovery
  • 95% recyclable materials used for the packaging of chocolate bars

Social Achievements

  • Launched employee well-being programs in Italy and Uganda, including welfare platforms and additional pay
  • Provided 27,135 hours of training in Italy
  • Hired 48 new employees in Uganda (24% increase)
  • Donated goods valued at €864,158

Governance Achievements

  • Signed the UN Global Compact
  • Implemented and updated its 231 Model to prevent corporate crime
  • No cases of wrongdoing reported in 2022

Climate Goals & Targets

Long-term Goals:
  • Achieve emission neutrality at the Orsenigo site by 2025
Medium-term Goals:
  • Achieve Climate Neutrality by 2050
  • Develop 3 agroforestry system projects by 2030
  • Train 5,000 smallholder cocoa producers on good agricultural practices by 2025
  • Develop a program to combat forced and child labor by 2030
Short-term Goals:
  • Improve energy efficiency and reduce electricity consumption by 4-5% by 2023
  • Reduce the weight of all primary paper wrapping for bars by 10% by 2023
  • Increase the use of compostable, recyclable, or reusable materials in primary packaging to >95% by 2023
  • Strengthen the organizational structure for occupational health and safety by 2023

Environmental Challenges

  • Supply chain disruptions due to the war in Ukraine and increased raw material prices
  • Risk of deforestation and human rights violations in cocoa supply chains
  • Low productivity and poor quality of cocoa in some producing countries
  • Climate change impacting cocoa production
Mitigation Strategies
  • Developed alternative sourcing strategies
  • Implemented Supply Chain ESG Risk Assessment to identify and mitigate risks
  • Increased use of certified cocoa (organic, Fairtrade, Rainforest Alliance)
  • Launched a project to improve cocoa farming practices in Uganda, focusing on climate resilience and agroforestry

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Code of Ethics signed by suppliers
  • Use of certified raw materials (organic, Fairtrade, Rainforest Alliance)
  • SMETA audits

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events impacting cocoa production
Transition Risks
  • Regulatory changes related to deforestation and human rights
Opportunities
  • Development of energy-efficient products and processes

Reporting Standards

Frameworks Used: GRI Standards 2021

Certifications: ISO 9001, BRC, IFS

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • SDG 1
  • SDG 2
  • SDG 3
  • SDG 4
  • SDG 7
  • SDG 8
  • SDG 9
  • SDG 11
  • SDG 12
  • SDG 13
  • SDG 15

ICAM's initiatives contribute to these goals through various programs and partnerships

Sustainable Products & Innovation

  • Vanini Uganda Bio bars
  • Compostable packaging
  • Dairy-Free products

Awards & Recognition

  • Quality Award 2022
  • DS-DolciSalati&Consumi Awards
  • Food Awards 2022

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:10,991 tCO2e/year (Scope 1)
Scope 1 Emissions:10,991 tCO2e/year
Scope 2 Emissions:0 tCO2e/year
Scope 3 Emissions:N/A
Renewable Energy Share:100% (electricity)
Total Energy Consumption:216,218 GJ/year
Water Consumption:145,080,000 m3/year (Italy)
Waste Generated:3,909 tons/year
Carbon Intensity:0.33 tCO2e/ton of production (Italy)

ESG Focus Areas

  • Supply Chain
  • People
  • Environment
  • Innovation

Environmental Achievements

  • Reduced Scope 1 and 2 emissions by 20% compared to 2020 (1.34% in 2023)
  • Achieved zero indirect emissions (Scope 2 - market-based) due to 100% renewable electricity purchase
  • 97% of organic waste allocated to animal husbandry or biomass recovery
  • 100% of single-material packaging sorted and recovered
  • Installed solar panels at three Ugandan sites

Social Achievements

  • Launched employee well-being program including flexible working hours and a welfare platform
  • Provided 21,309 hours of training
  • Donated merchandise with a value of €1,042,825 to the local community
  • Implemented the “Sustainable Farming” project in Uganda focusing on improving cocoa productivity, financial education, and gender equity

Governance Achievements

  • Established the position of Chief Sustainability Officer
  • Joined the UN Global Compact
  • Implemented a cross-functional team for EUDR compliance
  • Updated the whistleblowing system to align with EU Directive 2019/1937 and Legislative Decree 24/2023

Climate Goals & Targets

Long-term Goals:
  • Achieve Climate Neutrality by 2050
Medium-term Goals:
  • Develop 3 agroforestry systems projects
  • Train 5,000 small cocoa farmers in good agricultural practices
  • Ensure 100% slavery-free supply chain
Short-term Goals:
  • Reduce electricity consumption by 4-5%
  • Improve packaging sustainability ( >95% primary packaging recyclable)

Environmental Challenges

  • Severe cocoa shortages and skyrocketing cocoa costs (70% increase in 2023)
  • Reduced production levels in cocoa-growing countries
  • Unfavorable euro/dollar exchange rate trends
  • Increased ancillary costs associated with procurement
Mitigation Strategies
  • Implemented effective operations to hedge the price of cocoa
  • Investing in the efficiency of cogeneration plants to contain energy costs
  • Reorganizing logistics and production structure to meet growing market demand
  • Developing alternative sourcing strategies and supply chain projects with customer engagement

Supply Chain Management

Supplier Audits: 508 suppliers signed the ICAM Code of Ethics (97% of cocoa used)

Responsible Procurement
  • Code of Ethics
  • Sustainability certifications (Organic, Fairtrade, Rainforest Alliance)
  • SMETA audits

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather
  • Soil erosion
Transition Risks
  • Regulatory changes (EUDR)
  • Market shifts
Opportunities
  • Development of energy-efficient products and processes

Reporting Standards

Frameworks Used: GRI Standards 2021

Certifications: ISO 9001, BRC, IFS

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • SDG 2
  • SDG 7
  • SDG 8
  • SDG 12
  • SDG 13
  • SDG 15

Initiatives contribute to these goals through various programs and projects

Sustainable Products & Innovation

  • Organic chocolate
  • Dairy-free products
  • Low-sugar chocolate

Awards & Recognition

  • Top 100 Sustainability Award 2023