Pietro Coricelli S.p.A.
Climate Impact & Sustainability Data (2022, 2023)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:1158.34 tCO2e (Scope 1 & 2)
Scope 1 Emissions:913.61 tCO2e
Scope 2 Emissions:257.2 tCO2e (Location Based)
Scope 3 Emissions:Not disclosed
Renewable Energy Share:46%
Total Energy Consumption:Not disclosed
Water Consumption:681 m3/year
Waste Generated:606.8 tons/year
Carbon Intensity:Not disclosed
ESG Focus Areas
- Sustainable Olive Oil Supply Chain
- Environment
- Social
- Governance
Environmental Achievements
- Reduced fresh water consumption by 53% compared to the previous period
- 46% of electricity used comes from renewable sources
- 75% electricity savings with LED office lighting
- -19% petrol consumption, for a more efficient corporate fleet
- best practice in the production of 0 waste avocado oil
- 99% non-hazardous waste
Social Achievements
- Donated over 60,000 kg of food products
- 47% more average training hours than the previous year
- 40% more women in the workforce than in the previous year
- 22% of employees under 30 years
- 56% of total new hires under 30 years old
- 1800+ hours of training offered to all employees
Governance Achievements
- Zero proven incidents of corruption
- Constant dialogue with associations and actors in the supply chain
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Supply chain disruptions
- Product counterfeiting
Mitigation Strategies
- Supply chain contracts with Italian growers guaranteeing economic sustainability
- Collaboration with ICQRF to combat counterfeiting
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Code of Ethics signed by all suppliers, supplier qualification process with evaluation grids
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: IIRC, GRI
Certifications: ISO 22005
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Ethnos dried fruit with 100% compostable packaging
- Avocado oil with 0 waste production
Awards & Recognition
- Felix industry award “The competing Centre”, Save the Brand by Food Community Award to Export Development, Food and Drink Awards di Lux Life Magazine - Best Family Owned Extra Virgin Olive Oil Brand
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:1050 tCO2e/year (Scope 1)
Scope 1 Emissions:1050 tCO2e/year
Scope 2 Emissions:433.0 tCO2e/year (Location Based), 642.0 tCO2e/year (Market Based)
Total Energy Consumption:7928 GJ/year
Water Consumption:17,782 m3/year
Waste Generated:2395.4 tons/year
ESG Focus Areas
- Sustainable olive oil supply chain
- Transparency
- Product quality
- Economic sustainability of olive growers
- Community engagement
- Employee training and development
- Environmental sustainability
- Food safety
- Responsible supply chain management
- Traceability
Environmental Achievements
- Reduced CO2 emissions (scope 1) by 9% vs 2022
- 86% recycled cardboard for packaging
- 11 tons CO2 avoided through green energy production
- 11% decrease in packaging consumption over three years
Social Achievements
- Donated over 70,000 kg of products
- Increased average training hours by 15% over the previous year
- 100% of new suppliers assessed against social criteria
- Zero accidents recorded
Governance Achievements
- Implemented a virtuous governance system
- Adheres to Italian Legislative Decree no. 231 of 2001
- Observes principles of the Company’s Code of Ethics
- Obtained various quality certifications (Kosher, Halal, Organic, VeganOK, JAS, ISO 22005, ISO 14001, ISO 45001, ISO 9001, Non-GMO, FSSCC 22000, IFS, BRCGS)
Climate Goals & Targets
Environmental Challenges
- Global challenges and changes in the olive oil sector
- Decreased extra virgin olive oil market volume (-9.5% compared to 2022)
- High raw material prices
- Difficulty in sourcing glass
- Concerns about the upcoming harvest season
Mitigation Strategies
- Increased sales revenues and volumes
- Improved contribution margin (3% increase year-on-year)
- Improved EBITDA (+19% over 2022)
- Cost rationalisation and process revision
- Credit insurance coverage to protect against counterparty risks
- Revolving non-recourse factoring transactions to decrease DSO
- Investing in brands and enhancing 100% Italian products
Supply Chain Management
Supplier Audits: 100% of new suppliers assessed
Responsible Procurement
- Code of Ethics signed by all suppliers
- Focus on certified suppliers
- Fair value of products and respect for rights of individuals involved
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI Standards
Third-party Assurance: KPMG S.p.A. (limited assurance)
Sustainable Products & Innovation
- Profilo d’Autore (tracked with IBM Food Trust blockchain technology)
Awards & Recognition
- Sustainability Awards 2023 (TOP 100 Performance & Excellence)
- Best Future Award. Ethics and Sustainability Award (TuttoFood 2023)
- “100 Italian Excellences” by Forbes 2023
- Milan International Olive Oil Awards 2023 (Miooa)
- Milan International Condiments Awards (MICA) 2023
- ITALIAN FOOD AWARDS USA Casa Coricelli 100% Italian Sustainability. EVOO. 2023