MFE - MEDIAFOREUROPE N.V.
Climate Impact & Sustainability Data (2020, 2021, 2022, 2023)
Reporting Period: 2020
Environmental Metrics
ESG Focus Areas
- Human Resources
- Product Responsibility
- Corporate Governance and Compliance
- Responsibility towards Suppliers
- Social and Community Responsibility
- Environmental Responsibility
Environmental Achievements
- Reduced electricity consumption by approximately 4% compared to 2019. All electricity purchased by Mediaset Spain is from renewable sources.
- Decreased hazardous and non-hazardous waste compared to 2019 due to reduced staff presence in offices.
Social Achievements
- Implemented Covid-19 emergency management plan, protecting employee health and safety while maintaining operations.
- Launched various social communication campaigns addressing child protection, violence against women, and cyberbullying.
- Continued advanced training initiatives, including a Master's in Journalism and a Master's in Marketing, Digital Communication, and Sales Management.
- Maintained a high percentage (97%) of employees with open-ended contracts.
Governance Achievements
- Updated Code of Ethics in 2019 to address conflicts of interest, whistleblowing, and other compliance matters.
- Implemented an Enterprise Risk Management (ERM) model to identify and mitigate risks.
- Complied with data protection regulations (GDPR).
Climate Goals & Targets
Environmental Challenges
- Covid-19 pandemic impacting operations, production, and revenue.
- Competition from new media platforms and global internet players.
- Regulatory changes in the audiovisual and advertising sectors.
Mitigation Strategies
- Implemented smart working, health and safety protocols, and screening for Covid-19.
- Continued investment in content innovation and digital platforms.
- Maintained strong relationships with stakeholders and adapted strategies to the changing environment.
Supply Chain Management
Responsible Procurement
- Preference for local suppliers (97% in Italy, 96% in Spain).
- Contracts include clauses referencing the Code of Ethics and compliance programs.
- Implementation of responsible payment practices.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI Sustainability Reporting Standards 2016 (in accordance – Core)
Certifications: ISO 45001:2018 (Occupational Health and Safety)
Third-party Assurance: Deloitte & Touche S.p.A. (limited assurance engagement)
UN Sustainable Development Goals
- Goal 7 (Affordable and clean energy)
- Goal 8 (Decent work and economic growth)
- Goal 10 (Reduced inequalities)
- Goal 11 (Sustainable cities and communities)
- Goal 12 (Responsible consumption and production)
- Goal 13 (Climate action)
- Goal 17 (Partnerships for the goals)
The report links various initiatives to these SDGs.
Awards & Recognition
- Airc -Credere nella ricerca award
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Governance
- Environment
- Social
Environmental Achievements
- Launched projects and initiatives aimed at reducing emissions in the coming years to reach a carbon-neutral condition. Goal is to use only energy from renewable sources and promote climate-neutral mobility.
- Fundraising for reforestation of areas devastated by a storm in 2018.
Social Achievements
- Strengthened campaigns to promote responsible broadcasters against misinformation and fake news.
- Venture capital projects supporting digital start-ups with cross-media advertising campaigns.
- Fundraising campaign to address the humanitarian emergency in Ukraine.
- Maintained organized, flexible smart working model with minimal use of public welfare contributions.
- Managerial development projects for young graduates.
Governance Achievements
- Established a Sustainability Committee within its governance model, made up of independent directors.
Climate Goals & Targets
- Reduce CO2 emissions until Carbon Neutrality is achieved by 2030.
Environmental Challenges
- Socio-demographic trends (rising average age of traditional television viewership) and new ways of consuming content among younger age groups.
- New competitors operating at every link in the supply chain.
- Regulatory changes on national and international levels.
- Growing maturity of leading markets and rising cost of premium content.
Mitigation Strategies
- Focus on a media-company model characterized by strong local/national quality, developing multi-device video distribution strategy, adapting compliance programs, and evaluating international agreements and alliances.
Supply Chain Management
Responsible Procurement
- Preference for local suppliers (90% in Italy, 96% in Spain for goods and services)
- Italian Responsible Payment Code adherence
- Verification of supplier reliability and compliance with legislation
- Contracts with third parties include explicit reference to the Code of Ethics and Compliance Programmes.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI
Certifications: UNI ISO 45001:2018 (OHSMS)
Third-party Assurance: Deloitte & Touche S.p.A. (limited assurance)
UN Sustainable Development Goals
- Goal 3: Good Health and Well-being
- Goal 4: Quality Education
- Goal 5: Gender Equality
- Goal 8: Decent Work and Economic Growth
- Goal 10: Reduced Inequalities
- Goal 11: Sustainable Cities and Communities
- Goal 13: Climate Action
- Goal 17: Partnerships for the Goals
The report details how various programs and initiatives contribute to these goals through content, campaigns, and internal practices.
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- Purchases electricity from 100% renewable sources for offices, production centers, and radio network.
- Completed electrification of parking at Cologno Monzese site, facilitating conversion of company fleet to hybrid or full-electric models.
Social Achievements
- Offered employee training courses, workshops, and innovative well-being services.
- Launched internal communication initiatives, including "Dialoghi sulla Sostenibilità" and "Diversità ed Inclusione" series.
- Initiated pre-assessment process to assess company's position on gender equality.
Governance Achievements
- Adopted a system to guide and control ESG initiatives.
- Introduced ESG objectives among the parameters of incentive systems.
Climate Goals & Targets
- Carbon Neutrality by 2030
Environmental Challenges
- Reduced advertising market due to geopolitical crisis and inflation.
- Potential challenges related to gender equality at management level.
Mitigation Strategies
- Responsive cost containment despite energy price increases.
- Pre-assessment process to identify opportunities for improvement in gender equality and potential certification.
Supply Chain Management
Responsible Procurement
- OGs on "Managing Procurement of Goods and Services" and "Supplier Certification Management"
Climate-Related Risks & Opportunities
Physical Risks
- Hydrogeological phenomena near operational sites
Reporting Standards
Frameworks Used: GRI
Certifications: UNI ISO 45001:2018 (OHSMS)
Third-party Assurance: Deloitte & Touche S.p.A. (limited assurance)
UN Sustainable Development Goals
- Goal 4 (Quality Education)
- Goal 5 (Gender Equality)
- Goal 8 (Decent Work and Economic Growth)
- Goal 10 (Reduced Inequalities)
- Goal 11 (Sustainable Cities and Communities)
- Goal 13 (Climate Action)
- Goal 16 (Peace, Justice and Strong Institutions)
- Goal 17 (Partnerships for the Goals)
The report links various initiatives to these SDGs based on their contribution to environmental, social, and economic targets.
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- Achieved emission reduction targets set for the year. Purchases electricity from 100% renewable sources to power offices, production centers, and radio network. Continued conversion of company car fleet to electrified models.
- Green Audiovisual certification for Le Iene, Striscia la Notizia, and Dritto e Rovescio productions.
Social Achievements
- Offered training courses, innovative well-being services, and internal communication initiatives to promote sustainable culture.
- Launched a pre-assessment process to assess company compliance with diversity and inclusion legislation.
- Implemented mapping processes to identify ESG-themed programs and establish indicators related to product and use volumes.
Governance Achievements
- Extended the adoption of KPIs linked to achieving key ESG goals in long-term incentive systems.
- Established an ESG Committee within its governance model.
Climate Goals & Targets
- Carbon Neutrality by 2030
- Increase the percentage of women in senior management positions to 29% (achieved 100% in 2023).
Environmental Challenges
- Reduced impact in terms of direct environmental impact.
- Potential areas for improvement in management-level gender equality.
- Need to progressively define and introduce models for monitoring the ESG positioning of its supply chain.
Mitigation Strategies
- Pursues the goal of carbon neutrality by 2030.
- Sets transparent and scientifically robust reduction targets to contribute to the goals set by the Paris Agreement.
- Initiated an initial dual materiality assessment.
- Preparing the necessary identification of activities to be included in Scope 3 reporting and defining relevant measurement and estimation models.
Supply Chain Management
Supplier Audits: Progressive extension of sampling to collect, analyse and monitor the ESG positioning of its suppliers (Green Procurement).
Responsible Procurement
- Green Procurement system
Climate-Related Risks & Opportunities
Physical Risks
- Hydrogeological phenomena
Reporting Standards
Frameworks Used: GRI
Certifications: UNI ISO 45001:2018 (OHSMS)
Third-party Assurance: Deloitte & Touche S.p.A. (ISAE 3000 Revised)