Climate Change Data

Venchi S.p.A.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:2342 t CO₂e (Scope 1 and 2)
Scope 1 Emissions:2342 t CO₂e
Scope 2 Emissions:1947 t CO₂e (Market Based)
Renewable Energy Share:73% increase in renewable energy use compared to 2021
Total Energy Consumption:4912630 kWh
Water Consumption:18 mL
Waste Generated:344 tons
Carbon Intensity:10.803 tCO2e/p (2023)

ESG Focus Areas

  • Respect for the Environment in Business Operations
  • Responsible Management of Raw Materials and Supply Chain
  • Protection of Human Rights Along the Value Chain
  • Biodiversity Respect
  • Sustainable Practices in Packaging Development
  • Territorial Development and Community Relations
  • Responsible Marketing and Communication
  • Process and Technological Innovation
  • Product Quality and Consumer Well-being
  • Health and Safety in Business Operations
  • Employee Well-being
  • Promotion of Human Resources Development and Equal Opportunities
  • Ethical and Transparent Governance

Environmental Achievements

  • 33% reduction in electricity consumption at the Castelletto Stura plant compared to the previous year.
  • Installation of two new photovoltaic plants (500 kW and 110 kW).
  • Obtained first Rainforest Alliance certification for cocoa.

Social Achievements

  • Launched a new customer loyalty program (V-Club).
  • Introduced an additional monthly award for Italian retail staff linked to achieving specific goals.
  • Provided meal vouchers for a large part of the Italian corporate population.
  • Continued share acquisition plan for managers.
  • Conducted surveys on the corporate climate to receive employee feedback.

Governance Achievements

  • Established an ESG committee.
  • Created a whistleblowing procedure.
  • Revised and drafted a new Code of Ethics.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Obtain ISO 14001 and ISO 45001 certifications.
  • Implement a decarbonization roadmap.
Short-term Goals:
  • Reduce water consumption by 30-50% in the next three years.
  • Achieve 100% Rainforest Alliance certification for cocoa by 2025.
  • Reduce CO2 emissions by 50%.

Environmental Challenges

  • Seasonality of the business affecting work-life balance.
  • Potential shortage of hazelnuts due to climate disasters.
  • Supply chain disruptions for cocoa and other raw materials.
  • Limited availability of 100% recycled plastic packaging.
Mitigation Strategies
  • Maintaining a balanced workforce.
  • Absorbing incremental costs from hazelnut shortages.
  • Implementing risk analysis and backup processes for chocolate production.
  • Diversifying packaging suppliers.
  • Developing alternative sourcing strategies for raw materials (e.g., Rainforest Alliance certified cocoa).

Supply Chain Management

Responsible Procurement
  • Rainforest Alliance certification for cocoa.
  • Piedmont IGP certification for hazelnuts.
  • Supplier Code of Ethics.

Climate-Related Risks & Opportunities

Physical Risks
  • Climate disasters affecting hazelnut production.

Reporting Standards

Frameworks Used: GRI Standards

Certifications: BRCGS (AA-Top level), IFS (AA-Top level), Rainforest Alliance (partially implemented)

Sustainable Products & Innovation

  • Vegan-friendly products.
  • Products with reduced sugar content.