Climate Change Data

Matelec sal

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:502,874 tCO2e/year
Scope 1 Emissions:2,008 tCO2e/year
Scope 2 Emissions:73 tCO2e/year
Scope 3 Emissions:500,793 tCO2e/year
Renewable Energy Share:13% of total energy use
Total Energy Consumption:6,111,396 KWh/year
Water Consumption:43,010 m3/year
Waste Generated:1,853 tons/year
Carbon Intensity:11 tCO2e/MUSD revenue

ESG Focus Areas

  • Governance
  • Environmental
  • Social

Environmental Achievements

  • Implemented an 800kW solar panel facility, contributing approximately 13% of total energy requirements.
  • 90% of total waste from manufacturing facilities diverted to local recycling facilities.
  • Launched the design of a Smart Green transformer with ester oil, reducing environmental impact.

Social Achievements

  • 85% of salaries paid in US dollars to protect purchasing power.
  • Expanded health coverage to 75% of hospital expenses for employees and dependents.
  • Provided educational allowance equivalent to 65% of tuition fees for employees' children.

Governance Achievements

  • Board of Directors reviewed and approved the sustainability report.
  • Revised Board and Shareholder Charter based on IFC recommendations.
  • Established a Sustainability Committee to define and implement Matelec’s Sustainability Strategy.

Climate Goals & Targets

Long-term Goals:
  • Aim for a zero-waste transformer by 2040.
Medium-term Goals:
  • Reduce greenhouse gas emissions by at least 31% by 2030.
  • Reduce the total recordable injury rate (TRIR) to less than 5 per million hours worked by 2030.
  • Provide at least 20h/year professional development and training opportunities per employee by 2030.
  • Increase solar energy production capacity by 2.16MW by 2024.
Short-term Goals:
  • Restore salaries to pre-crisis levels by end of 2023.

Environmental Challenges

  • Lebanon's multifaceted crisis (economic, financial, political, environmental).
  • Inadequate national waste management infrastructure.
  • Challenges in waste sorting and classification leading to incomplete measurements of hazardous waste.
Mitigation Strategies
  • Gradual transition to US dollar salaries.
  • Expanded health and educational benefits for employees.
  • Improved waste sorting and classification system.

Supply Chain Management

Supplier Audits: All major suppliers to be screened and sign Supplier Code of Conduct by 2026

Responsible Procurement
  • Sustainable Procurement Policy
  • Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks
  • Significant changes in rainfall patterns, heavy rains and floods, increased risks of drought and forest fires.
Transition Risks
  • Stricter regulations relating to global warming mitigation or adaptation and the circular economy.
Opportunities
  • On-site production of renewable energy ensures self-sufficiency, eliminates the risk of downtime, and reduces operational costs.
  • Important financial flows are linked to the development of renewable energies and improving energy efficiency.
  • The energy transition provides an opportunity to develop sustainable products and promote green electricity.

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 14001, ISO 45001, ISO 9001

Third-party Assurance: Third-party assurance for product carbon footprints; plan to do the same for organizational emissions.

UN Sustainable Development Goals

  • Goal 7
  • Goal 9
  • Goal 11

Business model actively supports Goals 7, 9, and 11; sustainability strategy contributes to 15 of the 17 SDGs.

Sustainable Products & Innovation

  • Smart Green transformer

Awards & Recognition

  • Not disclosed