Climate Change Data

SOL S.p.A.

Climate Impact & Sustainability Data (2018, 2019, 2021, 2022, 2023)

Reporting Period: 2018

Environmental Metrics

Total Carbon Emissions:270,539 tonnes CO2 equivalent (indirect emissions)
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:101 GWh (electrical energy produced)
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental protection
  • Health and safety
  • Employee development
  • Customer satisfaction
  • Balanced development

Environmental Achievements

  • 47,663t CO2 equivalent avoided thanks to on-site plants
  • 35,091t CO2 equivalent avoided thanks to the production of renewable energy
  • Increased number of ISO 14001 certified units to 23
  • CO2 recovery plant in Bulgaria implemented

Social Achievements

  • Launched SOL Youth Academy for employee skill development
  • Over 64,500 training hours provided (16h per employee)
  • 77% of Group companies achieved the “zero accidents” goal
  • Significant increase in number of employees (+6% excluding acquisitions)
  • 91% of employees have permanent contracts
  • EIGA award to SOL Nederland for best results in reducing injury rate

Governance Achievements

  • Complete review of data protection policy in light of GDPR
  • Continued use of the SOL Academy for knowledge transfer and best practice sharing
  • Adoption of Google Operating System Suite to improve internal communication

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Not disclosed
Mitigation Strategies
  • Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 9001, OHSAS 18001, ISO 22000, ISO 14001, ISO 13485

Third-party Assurance: Deloitte & Touche SpA (limited review)

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Dry ice cleaning technology (Cryos)
  • On-site oxygen production (VSA unit in Slovenia)

Awards & Recognition

  • EIGA award to SOL Nederland

Reporting Period: 2019

Environmental Metrics

Total Carbon Emissions:281,310 tCO2e/year (indirect) + 41,792 tCO2e/year (direct) + 52,801 tCO2e/year (transport)
Scope 1 Emissions:41,792 tCO2e/year
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:281,310 tCO2e/year + 52,801 tCO2e/year
Renewable Energy Share:15% of total energy consumption
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental Protection
  • Safety
  • Customer Satisfaction
  • Human Resources Development
  • Ethical Behavior

Environmental Achievements

  • Electricity produced from renewable sources (hydroelectric plants) equaled 90 GWh, corresponding to 15% of the Group’s energy consumption.
  • 87,840 tonnes CO2 equivalent avoided thanks to the production of energy from renewable sources.
  • 48,633 tonnes CO2 equivalent avoided thanks to the creation of on-site plants.
  • Recovered 29,577 tonnes of CO2 equivalent from other processes.

Social Achievements

  • Successfully carried out the SOL YOUth Academy project aimed at young talents.
  • Laid the organizational basis for the international version of the SOL Youth Academy.
  • Provided funding for specialization and qualifying study courses.
  • Developed the new SOLConnect corporate intranet.
  • Launched a “Safety Fridays” training project in Italy for safety professionals.

Governance Achievements

  • Adopted a Code of Ethics in 2006 (reviewed in 2017).

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Not disclosed
Mitigation Strategies
  • Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRI Standards

Certifications: 127 ISO 9001, 75 OHSAS 18001/ISO 45001, 26 ISO 22000, 24 ISO 14001, 18 ISO 13485

Third-party Assurance: Deloitte & Touche SpA (limited review)

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:288,193 tCO2e (indirect) + 46,710 tCO2e (direct) + 64,986 tCO2e (transport) = 400,000 tCO2e (approx.)
Scope 1 Emissions:46,710 tCO2e
Scope 2 Emissions:288,193 tCO2e
Scope 3 Emissions:1,854,394 tCO2e
Renewable Energy Share:13%
Total Energy Consumption:1,869,847 GJ
Water Consumption:1,637 Megalitres
Waste Generated:4,124 tons (non-hazardous) + 400 tons (hazardous)
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Economic Responsibility and Governance
  • Product Responsibility
  • Social Responsibility and Human Resources
  • Environmental Responsibility

Environmental Achievements

  • Avoided 29,755 tonnes of CO2 equivalent emissions through renewable energy production.
  • Avoided 49,044 tonnes of CO2e emissions through on-site plants.
  • Recovered 89,963 tonnes of CO2 from bioethanol.

Social Achievements

  • Launched the "Little Big Innovations" project, gathering over 200 sustainability ideas.
  • Increased employee count by 11% (5% net of scope change).
  • 92% of employees have permanent contracts.
  • Achieved "Zero Injuries" goal in 89% of companies.

Governance Achievements

  • Adopted the new Corporate Governance Code for Italian listed companies.
  • Developed its first Sustainability Plan.
  • Implemented a new Board Regulation and updated the Procedure relating to related parties.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Increased electricity costs (5-6 times higher by year-end).
  • Slow recovery of prescriptions for new patients in home care due to the pandemic.
  • Supply chain disruptions for medical equipment due to the war in Ukraine.
Mitigation Strategies
  • Attempted to pass on higher production costs to sales prices.
  • Implemented measures to reduce greenhouse gas emissions (increasing renewable energy, using low-emission vehicles).
  • Strengthened customer offer of sustainable products/services (BioCO2, LNG, BioLNG).

Supply Chain Management

Supplier Audits: 126 audits in 2021 (90% of critical suppliers audited for environmental and social sustainability)

Responsible Procurement
  • Supplier evaluation process based on risk analysis.
  • Suppliers required to respect the Group Code of Ethics and safety/environment policies.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Customers' requests concerning supply chain sustainability.
  • Increase in raw material costs (electricity).
Opportunities
  • Development of energy-efficient products and services (BioCO2, LNG, BioLNG).

Reporting Standards

Frameworks Used: GRI Standards (In accordance - Core)

Certifications: ISO 9001, ISO 45001, ISO 14001, ISO 50001, ISO 13485, ISO 27001, ISO 22000, EMAS

Third-party Assurance: Deloitte & Touche S.p.A. (Limited assurance)

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • BioCO2, BioLNG

Awards & Recognition

  • Responsible Care 2021 Award
  • Special mention at EIGA Safety Innovation Awards
  • Alberto Falck Family Business 2021 Award

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:365,775 tCO2e (2018); 322,072 tCO2e (2019); 318,136 tCO2e (2020); 327,920 tCO2e (2021); 280,429 tCO2e (2022)
Scope 1 Emissions:46,631 tCO2e (2021); 60,040 tCO2e (2022)
Scope 2 Emissions:288,193 tCO2e (2021); 278,650 tCO2e (2022)
Scope 3 Emissions:1,265,915 tCO2e (2021); 1,089,618 tCO2e (2022)
Renewable Energy Share:12% (2022)
Total Energy Consumption:1,981,177 GJ (2018); 1,998,490 GJ (2019); 1,987,520 GJ (2020); 2,421,464 GJ (2021); 2,505,240 GJ (2022)
Water Consumption:1,498 Megaliters (2018); 1,390 Megaliters (2019); 1,329 Megaliters (2020); 1,637 Megaliters (2021); 1,533 Megaliters (2022)
Waste Generated:8,273 tons (2021); 8,521 tons (2022)
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental protection
  • Development of human resources
  • Ethical behaviour
  • Safety
  • Customer satisfaction
  • Balanced development

Environmental Achievements

  • 28,824 ton CO2 equivalent avoided for the production of energy from renewable sources
  • 43,760 ton CO2 equivalent avoided thanks to the construction of on-site plants
  • 153,646 ton CO2 recovered from other processes, purified, and reintroduced on the market
  • Achieved a 'B' rating from the CDP

Social Achievements

  • Launched the 'SOL Group Woman Development Program'
  • Implemented a project to train young welding technicians in Mozambique
  • Implemented the idea of replacing plastic film valve covers with more sustainable and recyclable products
  • Continued the 'safety campaign' programme, aiming for zero accidents
  • Cooperated with the UNHCR to help refugees from war-torn countries

Governance Achievements

  • Revised and implemented the Antitrust Compliance Programme
  • Completed training activity for all Italian staff on Regulation 231/2001 and on the specific Model and Code of Ethics

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Enormous increase in the cost of electricity
  • Supply chain disruptions
  • Climate change risks (transitional and physical)
  • Social risks related to compliance with regulations, supply chain, market, and human rights
  • Environmental risks related to compliance with regulations
  • Employee health and safety risks
  • Risks of non-compliance with laws and regulations (including bribery and corruption)
Mitigation Strategies
  • Improved energy efficiency
  • Developed alternative sourcing strategies
  • Strengthened customer offer of sustainable products/services (BioCO2, LNG, BioLNG)
  • Implemented measures to reduce greenhouse gas emissions
  • Supported customers in improving the sustainability of their processes
  • Implemented certifications (ISO 9001, ISO 45001, ISO 14001, ISO 50001, ISO 13485, ISO 27001, ISO 22000)
  • Implemented a risk assessment methodology
  • Implemented actions to address and minimize risks
  • Implemented actions to seize opportunities

Supply Chain Management

Supplier Audits: 87 (2022)

Responsible Procurement
  • Compliance with the Group Code of Ethics
  • Supplier evaluation process

Climate-Related Risks & Opportunities

Physical Risks
  • Drought
  • Water stress
Transition Risks
  • Changes in market demand
  • Technological evolution
  • Regulatory evolution
Opportunities
  • Development of energy-efficient products and services

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 9001, ISO 45001, ISO 14001, ISO 50001, ISO 13485, ISO 27001, ISO 22000, EMAS

Third-party Assurance: Deloitte & Touche Spa (Limited Assurance)

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • BioCO2
  • LNG
  • BioLNG

Awards & Recognition

  • Not disclosed

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:61,339 tCO2e/year (Scope 1); 285,230 tCO2e/year (Scope 2, market-based); additional Scope 3 emissions reported
Scope 1 Emissions:61,339 tCO2e/year
Scope 2 Emissions:285,230 tCO2e/year (market-based)
Scope 3 Emissions:Not disclosed
Renewable Energy Share:14% of total energy use
Total Energy Consumption:2,566,371 GJ/year
Water Consumption:1,572,000 m3/year
Waste Generated:2,323 tons/year (non-hazardous); 96 tons/year (hazardous)
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Economic responsibility and governance
  • Environmental responsibility
  • Social responsibility and human resources

Environmental Achievements

  • 28,786 tonnes of CO2 equivalent avoided through renewable energy production.
  • 43,950 tonnes of CO2 equivalent avoided through on-site plants.
  • 146,954 tonnes of CO2 recovered and reintroduced to the market.
  • ISCC Plus certification obtained for the CO2 production chain in Wanze, Belgium.

Social Achievements

  • Launched the 'SOL Group Women Development Programme'.
  • Disseminated the 'Diversity and Inclusion Manifesto'.
  • Implemented a training project in Mozambique ('Schooling for a better world').
  • Supported the Emilia Romagna region after adverse weather conditions.

Governance Achievements

  • Established an Internal Control, Risk and Sustainability Committee (operational from January 1, 2024).
  • Approved a new Anti-Corruption Code.
  • Approved a Whistleblowing Procedure.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Geopolitical tensions impacting raw material costs (especially energy).
  • Inflationary pressures and rising interest rates.
  • Slowdown in the world economy, particularly in Europe.
  • Margin erosion due to fixed prices in contracts with Health Systems.
Mitigation Strategies
  • Adaptation to challenging environment.
  • New partnerships and sales actions to counteract cost increases.
  • Targeted actions to counteract margin erosion.
  • Investments in new air separation units and upgrades to existing plants.

Supply Chain Management

Supplier Audits: 78 audits/year

Responsible Procurement
  • Supplier Code of Ethics; Ecovadis assessment.

Climate-Related Risks & Opportunities

Physical Risks
  • Drought and water stress
Transition Risks
  • Regulatory changes; market shifts.
Opportunities
  • Development of energy-efficient products and services.

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 9001, ISO 45001, ISO 14001, ISO 50001, ISO 13485, ISO 27001, ISO 22000, ISCC Plus

Third-party Assurance: Deloitte & Touche S.p.A. (Limited assurance)

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • BioCO2, BioLNG, hydrogen, oxy-fuel solutions.

Awards & Recognition

  • Not disclosed