Climate Change Data

Valorem

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Renewable Energy Share:100%

ESG Focus Areas

  • Climate Change Mitigation
  • Renewable Energy
  • Sustainable Development Goals

Environmental Achievements

  • 94 renewable energy parks in operation for a total power of 889 MW in 2022
  • 423,000 tons of CO2 avoided thanks to renewable energy
  • 100% of projects are subject to an environmental prediagnosis
  • 100% of the energy (wind and photovoltaic) produced is green
  • Implementation of an Environmental Management System on each project (SME), and certification of its activities (ISO 14001 and ISO 9001)

Social Achievements

  • Pursued in 2021 the status of “Entreprise à mission”
  • Created a specific committee - composed of both external members with expertise in the energy sector and internal members - in charge of leading the company's extra-financial approach and managing its social and environmental impacts
  • Commits to comply with the OECD Guidelines for Multinational Enterprises, the United Nations Principles of Business and Human Rights, and the core labour conventions of the International Labour Organisation

Governance Achievements

  • Formalisation of an integrated and structured CSR strategy and specific objectives
  • Established sound policies to guide its daily operations, such as: a formalised sustainability strategy, a business ethics and anti-corruption charter, a certified purchasing programme (ISO 20400 and ISO 9001), and a certified environmental management system (ISO 14001)

Climate Goals & Targets

Short-term Goals:
  • Achieving 3% of all solar and windfarm projects in France by 2028

Environmental Challenges

  • Incomplete and flawed environmental impact assessment for the windfarm project of Chaumes-en-Retz
Mitigation Strategies
  • Valorem has provided further details to EthiFinance on the matter and the action plan established by the company to remediate the weaknesses of its impact assessment

Supply Chain Management

Responsible Procurement
  • Certified purchasing programme (ISO 20400 and ISO 9001)

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ICMA 2021 Green Bond Principles, LMA 2021 Green Loan Principles, EU Green Taxonomy, UN Sustainable Development Goals, Climate Bond Initiative Taxonomy

Certifications: ISO 14001, ISO 9001, ISO 20400