Climate Change Data

Environmental Metrics

ESG Focus Areas

• Water Management
• Sustainability in Agriculture
• Olive Oil Value Enhancement

Environmental Achievements

• Modernization of irrigation systems leading to more efficient water use.
• Increase in the area irrigated by localized (drip) systems, a more efficient technique with a very low demand for water.

Social Achievements

• Not disclosed

Governance Achievements

• Establishment of a National Irrigation Board to improve water resource governance.
• Creation of an Irrigation Sustainability Observatory to provide data on the economic, social, and environmental impact of irrigation.

Climate Goals & Targets

Environmental Challenges

• Rising production costs (energy, fertilizers, feed) in the agricultural sector.
• Water scarcity due to drought and climate change.
• Low average export prices for olive oil.
• Limited exploitation of added value in olive oil sales (majority bulk sales).
• High dependence on imports of cereals, sunflower oil, and mineral fertilizers from Ukraine and Russia.
• Global supply chain disruptions and rising logistic and production costs.

Mitigation Strategies

• Investment in irrigation modernization through Next Generation EU (NGEU) funds.
• Implementation of the Food Chain Law to ensure fair pricing for producers.
• Focus on improving olive oil value by enhancing differentiation and marketing strategies.
• Exploring alternative sourcing strategies for cereals and fertilizers.
• Earlier olive harvesting to regulate supply and improve oil quality.
• Crop intensification and mechanization to increase production and reduce costs.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Drought

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 6 (Clean Water and Sanitation)
• SDG 2 (Zero Hunger)
• SDG 13 (Climate Action)

Initiatives related to water management, sustainable agriculture, and climate change adaptation contribute to these goals.

Sustainable Products & Innovation

• Organic olive oil

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate Change
• Sustainability

Climate Goals & Targets

Environmental Challenges

• Negative impacts of tourism flows on local housing market, public services, and public spaces
• Climate change and its effect on tourist loyalty, particularly extreme heat waves

Mitigation Strategies

• Implementation of tourist taxes (Catalonia and Balearic Islands)
• Regulation of tourist rentals
• Investment in infrastructure to guarantee tourist comfort in extreme climate scenarios (e.g., efficient air conditioning, shaded areas)
• Promoting sustainable practices

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Extreme heat waves

Opportunities

• Growing tourist preference for sustainability