Tenova S.p.A. and its fully consolidated subsidiaries operating within the framework of the Tenova metals business
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:278.9 tCO2eq (Scope 1); 1,676.6 tCO2eq (Scope 2, market-based)
Scope 1 Emissions:278.9 tCO2eq
Scope 2 Emissions:1,676.6 tCO2eq
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:29,504.5 GJ
Water Consumption:32,105 Megaliters
Waste Generated:241.7 tons
Carbon Intensity:Not disclosed
ESG Focus Areas
- Energy transition
- Health and safety
- Business ethics, anti-corruption, and compliance
- Energy efficient technologies
- Product safety and quality
- Transparency and reporting
- Environmental impact of products and services
- Employee well-being
- Responsible procurement
- Circular economy
- Employee hiring and retention
- Human rights
- Climate impact of operations
- Employee benefits and compensation
- C-level accountability for ESG issues
- Waste disposal and recycling
- Employee training and development
- Sustainable behavior promotion
- Sustainable innovation and R&D
- Diversity, inclusion, and equal opportunity
- Sustainability advocacy
- Digital transformation of processes
Environmental Achievements
- Reduced energy consumption in 2022 compared to 2021 through energy efficiency measures including installing a new solar array on one of our facility rooftops
- Reduced waste generation and increased recycling over the previous year
- Pomini Digital Texturing™ (PDT™) received EPD certification
Social Achievements
- Launched enhanced safety training for project site personnel
- Updated career path training offerings and a new online training course platform, resulting in nearly 15,000 hours of completed training across the company
- Launched an ESG supplier screening questionnaire in order to strengthen sourcing guidelines
Governance Achievements
- Conducted our first materiality assessment and began disclosing our ESG impact publicly
- Developed a Sustainability Framework to guide our ESG efforts
- Confirmed zero substantiated complaints concerning breaches of customer privacy and loss of customer data
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Reduction of Scope 2 emissions (market-based) of 450 tCO2e by 2024 (26% reduction from 2022 baseline)
Environmental Challenges
- Raw materials supply chain shortages and geopolitical tensions affecting natural gas availability make the transition to natural gas-based and hydrogen-based iron reduction challenging.
- Decreasing quality of world steel scrap.
Mitigation Strategies
- Promoting the use of hydrogen-ready technologies
- Partnerships and collaborations with gas supply operators, electrolyzer manufacturers, and other third parties that support a green energy transition.
- Implementing Industry 4.0 technologies to manage low-quality scrap in furnaces.
- Developing a method to capture and utilize the dissipated heat from iRecovery®, in addition to the flue gas, and use it to generate energy.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- ESG supplier screening questionnaire (36% of purchased volume)
- Prioritizing suppliers with ISO certifications
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Regulatory changes, market shifts
Opportunities
- Development of energy-efficient products and hydrogen-ready technologies
Reporting Standards
Frameworks Used: GRI Standards (2021)
Certifications: ISO 45001 (Tenova S.p.A.’s Health, Safety, and Environment system), ISO 14025:2006 (Pomini Digital Texturing™)
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
R&D&I focus areas for 2022-2024 are aligned with the SDGs.
Sustainable Products & Innovation
- ENERGIRON®, iBLUE®, Consteel®, iRecovery®, Dry Slag Granulation, TCF®, PDT™, hydrogen-ready burners, SmartBurners
Awards & Recognition
- HorizonEU grant for TenovaLAB