Vocento, S.A.
Climate Impact & Sustainability Data (2011, 2020, 2021, 2023)
Reporting Period: 2011
Environmental Metrics
Total Energy Consumption:33,806,475 KWh (plus 6,385,440 KWh from 57 low-tension consumers)
ESG Focus Areas
- Media Content
- Processes
- Audience Relations
- Advertising
- Environmental Performance
- Social and Cultural Initiatives
Environmental Achievements
- Environmental audit conducted to identify management indicators, targets, and areas for action.
- Energy efficiency plan aiming for a 25% reduction in energy consumption.
- Reduction in paper consumption due to reduced pagination and changes in printing techniques.
- Reduction of hazardous waste at Las Provincias and Federico Domenech, resulting in removal from the register of major waste producers.
- 15% reduction in ink consumption through implementation of GCR techniques.
Social Achievements
- Implementation of "Operación Cantera" project to identify and develop top journalistic professionals.
- Held Vocento Communication Awards for the third consecutive year, recognizing excellence in journalism.
- Collaboration with over 190 local/regional and 33 national/international non-profit organizations.
- Creation of a charity channel on the digital edition of HOY newspaper.
- Support for the Alma Solidaria campaign (4th edition).
Governance Achievements
- First assessment of corporate social responsibility performance, including a study of international best practices and materiality analysis.
- Review of stakeholder map and communication channels.
Climate Goals & Targets
Environmental Challenges
- Adapting to a changing environment for media companies.
- Balancing financial, social, and environmental sustainability.
- Assessing the wide range of social and cultural initiatives undertaken by the group.
Mitigation Strategies
- Development of an integrated corporate responsibility policy.
- Internal consultations and stakeholder engagement to identify relevant topics.
- Planning for a comprehensive inventory of social commitments in 2012 to better assess and strategize social actions.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Global Compact
Reporting Period: 2020
Environmental Metrics
Total Carbon Emissions:10.5 tCO2e/year
ESG Focus Areas
- Equality
- Environment
- Corporate Governance
Environmental Achievements
- ISO 14001 certification obtained at Rotomadrid (70% of print plants comply)
Social Achievements
- Creation of Equality Committee
- 48% of permanent hires are women
- Of the 1,297 employees who received training, 51.7% were women
Governance Achievements
- Increasing the number of women on the Board to 27.3% in 2020 (+7.3% vs. 2019)
- Process for finding independent directors: 75% of independents are women
Climate Goals & Targets
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2021
Environmental Metrics
Renewable Energy Share:c.10% (target for 2023)
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- Project for photovoltaic cells in 1Q22E (own renewables/total consumption 2023E c.10%)
- Targets for environmental efficiency
Social Achievements
- Implementation of Equality Policy in all companies with more than 100 employees
- More than double the training hours in 2021 than in 2020
- Internal programmes for professional development (Impulsa, Marco Polo, Scrum Master)
Governance Achievements
- Vocento has 3 women on the Board
- The proportion of independent directors has increased during the last years to 36%
Climate Goals & Targets
Long-term Goals:
- Paying digital subscribers 89k >250k in 2026
Medium-term Goals:
- Weight of digital and diversification in revenue mix 37% >60% in 2026
Environmental Challenges
- Supply chain crisis: temporary shortage of new and used vehicles (impacting Auto Classifieds)
Mitigation Strategies
- Focused on new services for C2B and renting (Auto Classifieds)
- Support for development of Sumauto (Auto Classifieds)
- Creation of Marketplace businesses (Auto Classifieds)
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2023
Environmental Metrics
Social Achievements
- Increased the percentage of women in the Board of Directors to 36.36% in 2023.
Governance Achievements
- Implemented a Diversity Policy in 2021 to promote diversity in the Board of Directors.
Climate Goals & Targets
Medium-term Goals:
- Increase digital and diversification businesses to 60% of total revenue by 2026.
Environmental Challenges
- Decline in advertising revenue from national clients, especially in the digital sector.
- Reduced profitability in the printing business due to fewer third-party jobs in France and loss of a contract with a publisher.
Mitigation Strategies
- Maintained a balance between local and national advertising, with growth in local advertising mitigating the decline in national advertising.
- Diversified printing jobs and increased work for magazines, along with cost control, to mitigate the impact of reduced profitability.