Climate Change Data

Arena S.p.A. Società Benefit

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:517.6 tonnes CO2e (Scope 1 & 2)
Scope 1 Emissions:5.1 tonnes CO2e
Scope 2 Emissions:113.4 tonnes CO2e
Renewable Energy Share:62% (98% in Tolentino HQ)
Water Consumption:4,506 m3
Waste Generated:129,354 tonnes (recycled/reused)

ESG Focus Areas

  • Purpose-driven company
  • Double purpose mindset
  • Stakeholder paradigm & transparency
  • Health, wellness & safety
  • People engagement & satisfaction
  • Better products
  • Civic engagement & giving
  • Supply co-evolution
  • Carbon neutrality & responsible processes

Environmental Achievements

  • 62% renewable electricity usage globally (98% in Tolentino HQ)
  • 129.354 tonnes of non-hazardous waste recycled or reused
  • Launched FINA-approved racing suit made with recycled ECONYL® yarn
  • Partnership with zeroCO2 for marine reforestation project in Sardinia and mangrove planting in Guatemala to offset emissions from SS23 and FW23 sales events

Social Achievements

  • Launched internal development process, "People Strategy"
  • Implemented flexible work arrangement, with 53% of corporate population participating
  • Invested in employee benefits (fuel & food vouchers, medical insurance subsidy)
  • Co-creative workshops to redefine Arena's core values with 100% participation
  • Supported Marche region flood victims with €10,000 donation and garment donations
  • Supported Sport Senza Frontiere with €8,000 donation
  • Donated 50% of proceeds from Breast Cancer Awareness Month collection to Keep a Breast
  • Donated 50% of profits from Pride collection to Athlete Ally
  • Supported Ukrainian water sports team with kits and equipment
  • Partnered with Oceanman for open water swimming events
  • Supported various national swimming federations and US colleges

Governance Achievements

  • Established ESG Committee - The Arena B Team
  • Linked 10% of management bonus to ESG performance

Climate Goals & Targets

Long-term Goals:
  • Net carbon neutral operations powered by 100% renewable sources
Medium-term Goals:
  • Transforming Arena into a Società Benefit (Benefit Corporation)
Short-term Goals:
  • 100% SS23 and FW23 swimwear styles made with recycled fibers
  • Launch of organic cotton beach towels
  • Mapping of social and environmental performance of 80% of suppliers

Environmental Challenges

  • Supply chain disruptions
  • Climate crisis
  • Challenges to improving environmental and social sustainability performance, especially circularity
Mitigation Strategies
  • Cultivating resilience and responding with a solution-oriented approach
  • Investing in renewable energy
  • Implementing energy efficiency measures
  • Offsetting emissions from events through reforestation projects
  • Developing sustainable product design and manufacturing practices
  • Working with suppliers to improve sustainability performance

Supply Chain Management

Supplier Audits: 50 third-party inspections in 2022

Responsible Procurement
  • Supplier Code of Conduct (available in 21 languages)
  • Fair Labor Association (FLA) membership

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, B Impact Assessment (BIA)

Certifications: Oekotex, FSC®

Sustainable Products & Innovation

  • Powerskin ST Next (recycled ECONYL® yarn)
  • Goggles and caps with recycled silicon
  • Flip flops with FSC-certified rubber

Reporting Period: 2023

Environmental Metrics

Scope 1 Emissions:484 tCO2e (2023)
Scope 2 Emissions:116 tCO2e (2023)
Renewable Energy Share:64% (2023)
Total Energy Consumption:2035 MWh (2023)
Water Consumption:7,635 m3 (2023)
Waste Generated:123.98 tons (2023)
Carbon Intensity:3.70 (2023)

ESG Focus Areas

  • Climate Change
  • Water and Marine Resources
  • Waste Management
  • Circular Economy
  • Own Workforce
  • Affected Communities
  • Business Conduct
  • Governance

Environmental Achievements

  • 100% of electricity at Tolentino HQ from renewable energy
  • 69% self-produced and consumed energy for R&D unit in Rovetta
  • 32.5% green electricity for manufacturing plant in Velky
  • 17% reduction in carbon intensity index
  • Partnership with Healthy Seas for ghost net clean-ups
  • Partnership with zeroCO2 for mangrove reforestation project offsetting approximately 400 tCO2e
  • 100% of products on total turnover covered by the Restricted Substance List (RSL)
  • 57% of products in the SS23+FW23 collection with at least one responsibility attribute
  • 100% of paper used is FSC certified paper

Social Achievements

  • Launched “Arena Loves Sport” initiative including tennis tournament and B2Run Munich participation
  • Launched “Arena Loves Swimming” initiative for Tolentino employees
  • Became official supplier of World Para Swimming
  • 68% employee satisfaction rate
  • 58% employee participation rate in climate survey
  • 50% of new hires followed a structured onboarding process
  • 2,184 total training hours provided (4.9 hours/FTE)
  • Clean-up activity with Poltrona Frau and Plastic Free, collecting over 1,000 kg of waste

Governance Achievements

  • Became a “Società Benefit” (Benefit Corporation)
  • Implemented Management by Objectives (MBOs) with 10% of top managers' goals linked to sustainability KPIs
  • Established a new reporting channel for whistleblowing in compliance with Legislative Decree 24/2023
  • 100% of suppliers signed Arena’s Code of Conduct

Climate Goals & Targets

Long-term Goals:
  • Net-zero emissions
Medium-term Goals:
  • 100% of swimwear and beachwear styles made with responsible features (2024)
  • 60% of products with sustainability attributes (2024)
  • 80% of Tier 1 suppliers engaged in sustainability training (2024)
  • 65% of Arena Group energy from renewable sources (2024)
Short-term Goals:
  • Involve at least 30% of Arena employees in sports activities (2024)
  • Reach 65% employee satisfaction (2024)
  • 75% of new hires to follow onboarding process (2024)
  • 100% of top management with sustainability goals (2024)
  • 5 hours per employee of formal training provided (2024)

Environmental Challenges

  • High-water consumption and waste management in the textile industry
  • GHG emissions generated along the value chain (Scope 3 emissions)
  • Transition risks in moving to a low-carbon economy
  • Extreme events linked to climate change
  • Inability to adapt material and product design to circular economy standards
Mitigation Strategies
  • Investing in renewable energy sources (solar panels)
  • Implementing energy efficiency measures (LED revamping)
  • Carbon offsetting through reforestation projects
  • Adopting a travel policy that prioritizes video calls over unnecessary trips
  • Increasing the use of recycled fibers and sustainable materials
  • Implementing proper waste management systems
  • Developing a take-back program for damaged/broken products

Supply Chain Management

Supplier Audits: Risk-based approach using third-party assessments and FLA Assessment

Responsible Procurement
  • Supplier Code of Conduct
  • CSR Manual
  • Green Purchasing Policy

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
Transition Risks
  • Regulatory changes
  • Market shifts
Opportunities
  • Development of energy-efficient products
  • Self-production of renewable energy

Reporting Standards

Frameworks Used: ESRS

UN Sustainable Development Goals

  • SDG 3
  • SDG 4
  • SDG 7
  • SDG 8
  • SDG 12
  • SDG 13
  • SDG 14
  • SDG 17

Initiatives contribute to these goals through various programs and partnerships

Sustainable Products & Innovation

  • Powerskin ST NEXT (recycled materials)
  • Calypso Bay collection (supports Great Barrier Reef Foundation)
  • Let it Beat collection (supports Athlete Ally)
  • Breast Cancer Awareness collection (supports Keep A Breast Foundation)