Tristone Flowtech Group
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:34,709.82 mtCO2e (Scope 1)
Scope 1 Emissions:34,709.82 mtCO2e
Scope 2 Emissions:14,263.24 mtCO2e
Renewable Energy Share:5.56% (overall)
Total Energy Consumption:16,305,411 GJ (2020)
Water Consumption:751,260 m3 (2020)
Waste Generated:173,905.1 tons (2020) (Non-hazardous)
ESG Focus Areas
- Environmental Sustainability
- Social Sustainability
- Corporate Governance
- Sustainable Product Management
Environmental Achievements
- Implemented various energy efficiency improvements across plants, including LED lighting, evaporative coolers, and inverter-type compressors.
- Reduced water consumption through initiatives like touch-free tap mixers and waste steam utilization.
Social Achievements
- Received the 28th Zangalleta Awards 2023 in Spain for including disabled people in the workforce.
- Consistently high employee satisfaction scores (78% 'Strongly Agree' and 'Agree' in 2021 and 2023 Employee Opinion Surveys).
Governance Achievements
- Established a Sustainability Committee and working groups to drive sustainability initiatives.
- Implemented a Risk Management System to minimize various company-specific risks.
Climate Goals & Targets
Long-term Goals:
- Carbon neutrality by 2050.
- Achieve certifications for Energy Management and HR Management.
- Obtain external assurance for sustainability reporting.
Medium-term Goals:
- Improve occupational health and safety conditions.
- Enhance working conditions and employee commitment.
- Reduce environmental and social impacts of the supply chain.
- Increase Ecovadis score.
Short-term Goals:
- Increase employee training in sustainability.
- Enhance production efficiency to reduce GHG emissions.
- Implement water efficiency projects.
- Reduce waste and promote recycling.
Environmental Challenges
- Supply chain disruptions due to the global Covid-19 pandemic, the Russian war in Ukraine, and raw material market issues.
- Shortage of semiconductors.
Mitigation Strategies
- Innovation in approach to people and wellbeing.
- Expansion into the e-mobility market to move away from combustion engines.
- Investments in Health and Safety (OHS), customer branding, and people.
Supply Chain Management
Responsible Procurement
- Supplier Code of Conduct
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI Standards
Certifications: IATF 16949, ISO 14001, ISO 45001 (Anhui Tristone Flowtech)
Sustainable Products & Innovation
- Lightweight products
- Products with increased bio-based and recycled materials
Awards & Recognition
- 28th Zangalleta Awards 2023 (Spain)
- Numerous other awards listed in the report