Climate Change Data

Vimi Fasteners S.p.A.

Climate Impact & Sustainability Data (1H2023, 2021, 2022)

Reporting Period: 1H2023

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Not disclosed

Environmental Achievements

  • New photovoltaic plant implemented, resulting in significant energy cost reduction.

Social Achievements

  • Not disclosed

Governance Achievements

  • Not disclosed

Climate Goals & Targets

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

Environmental Challenges

  • Recession in Germany (a key market) caused a slowdown in sales, especially during summer months.
  • Physiological slowdown in orders from clients in the first months of 2023 due to macroeconomic impacts.
Mitigation Strategies
  • Securing new contracts with clients in industrial motors, components, and superbike segments.
  • Maintaining results from the first half of the year thanks to new sales contracts and gradual recovery in the automotive sector.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2021

Environmental Metrics

ESG Focus Areas

  • Environment
  • Social
  • Governance

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:1539 tCO2e/year (Scope 1+2, market-based)
Scope 1 Emissions:1394 tCO2e/year
Scope 2 Emissions:145 tCO2e/year (market-based)
Renewable Energy Share:45%
Total Energy Consumption:46713 GJ/year
Water Consumption:6.2 ML/year
Waste Generated:216.69 tons/year (hazardous)
Carbon Intensity:4.08 tCO2e/hour worked (2022)

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Increased renewable energy share to 45% of total energy consumption.
  • Reduced GHG Scope 1 + Scope 2 emissions by 55% from 2020 to 2022 (market-based).

Social Achievements

  • Launched a Performance Development Plan (PDP) to improve employee performance and development.
  • Implemented a skill matrix for production workers to identify and address training gaps.
  • Donated an artwork to the local community, receiving recognition for commitment to territorial beautification.

Governance Achievements

  • Adopted a corporate governance system aligned with Borsa Italiana's Corporate Governance Code.
  • Implemented a whistleblowing system to ensure data confidentiality and anonymity of the reporter.
  • Updated supplier qualification procedures to integrate ESG criteria.

Climate Goals & Targets

Long-term Goals:
  • Achieve net-zero emissions (target year not specified).
Medium-term Goals:
  • Increase training offerings and average training hours per employee (2022-2023).
  • Define a welfare system (2023-2024).
Short-term Goals:
  • Implement a structured communication flow with waste disposal companies regarding final waste destination (2023-2024).

Environmental Challenges

  • Supply chain disruptions due to geopolitical tensions and increased raw material prices.
  • Energy market tensions.
  • Approvisionnement difficulties of raw materials.
Mitigation Strategies
  • Increased reliance on European suppliers to mitigate country risk.
  • Implemented procedures to eliminate waste and reduce consumption.
  • Invested in renewable energy through expansion of the photovoltaic system.
  • Negotiated prices and quantities with suppliers to mitigate short-term supply chain impacts.

Supply Chain Management

Supplier Audits: 100% of new suppliers assessed.

Responsible Procurement
  • Supplier Code of Conduct
  • Integration of ESG criteria into supplier evaluation

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
Transition Risks
  • Regulatory changes
Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI Standards

Certifications: UNI EN ISO 9001:2015, ISO 45001:2018, UNI EN ISO 14001:2015, UNI EN 9100:2018, IATF 16949

Third-party Assurance: Deloitte & Touche S.p.A. (limited assurance)

UN Sustainable Development Goals

  • SDG 7 (Affordable and clean energy)
  • SDG 8 (Decent work and economic growth)
  • SDG 9 (Industry, innovation, and infrastructure)
  • SDG 12 (Responsible consumption and production)
  • SDG 13 (Climate action)

Vimi's initiatives contribute to these goals through renewable energy investments, employee development programs, sustainable supply chain practices, waste reduction, and emission reduction efforts.