Climate Change Data

VEA Ventures S.r.l.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:410 tCO2eq
Scope 1 Emissions:312.46 tCO2e (Italy)
Scope 2 Emissions:97.95 tCO2e (Italy)
Renewable Energy Share:70% (expected with photovoltaic system in Italy)
Total Energy Consumption:179 toe (Italy), 24 toe (China)
Water Consumption:12,033 m3 (Italy), 555 m3 (China)
Waste Generated:97,600 kg (Italy), 0 kg (China)
Carbon Intensity:42 kgCO2eq/machine (2023)

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • Installed a 160 kWp photovoltaic system on the roof of the Chignolo d’Isola plant, expected to cover 70% of the plant's energy demand and reduce Scope 2 emissions.
  • Purchased a 100% electric van for Carimali Italia.
  • Reduced energy consumption for production by 10.8% in Italy compared to 2022.
  • Improved energy efficiency at the Chinese plant in 2023 compared to 2022.
  • Roof renovation of the Chignolo d’Isola plant using Sintofoil membrane, a sustainable material with high solar reflection.

Social Achievements

  • No work-related accidents occurred in 2023 (and the previous 5 years).
  • Provided almost 2,000 hours of training to employees in 2023 (average 14 hours/employee).
  • Paid out over €125,000 in employee benefits in 2023 (average €940/employee).
  • Established internships in Italian offices, offering some trainees full-time employment.
  • Maintained Carimali Children nursery school, expanding its service to the community.

Governance Achievements

  • Board of Directors directly oversaw the sustainability report's creation.
  • Implemented preventive actions against cyber security risks (strong passwords, access control policy, email filtering).
  • Carimali S.p.A. is ISO 9001, ISO 14001, and SA 8000 certified and complies with MOCA regulations.
  • Analysis of economic data regarding spending on suppliers to increase control over the supply network.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Establish a policy of equality and diversity.
  • Organize training courses on sustainability for certain figures in 2024.
Short-term Goals:
  • Introduce two-factor authentication for access to the corporate computer network by 2025.

Environmental Challenges

  • Leaks in the water system (Italy).
  • Contribution to global emissions.
  • Deforestation related to the coffee supply chain.
  • Gender pay gap.
  • Absorption of manufacturing companies.
  • Unsustainable coffee supply chains.
  • Outsourcing of production.
  • System malfunctions.
  • Risk of injury.
  • Scarce sustainability in the supply chain.
  • Rising energy costs.
  • Negative staff turnover.
  • Retention-related problems.
  • Data loss, modification or appropriation.
Mitigation Strategies
  • Repaired water system leaks.
  • Implemented a photovoltaic system to reduce emissions.
  • Selecting suppliers committed to sustainable coffee supply chains.
  • Monitoring and analyzing the gender pay gap.
  • Centralizing production to improve efficiency.
  • Promoting sustainable coffee supply chains.
  • Implementing preventive maintenance to reduce system malfunctions.
  • Investing in safety measures to reduce risk of injury.
  • Improving supply chain sustainability.
  • Implementing energy efficiency measures.
  • Improving employee well-being and benefits to reduce turnover.
  • Implementing data security measures.

Supply Chain Management

Responsible Procurement
  • Supplier Code of Ethics

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 9001, ISO 14001, SA 8000

Sustainable Products & Innovation

  • Heylo coffee machine with induction instant heating technology (energy saving up to 86% on standby).

Awards & Recognition

  • Heylo coffee included in the ADI Design Index 2023