Climate Change Data

Prinova Group

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • 13.6% reduction in emissions compared to the 2021 baseline.
  • Switched Prinova Solutions Europe to green electricity in April 2023.
  • Purchased renewable energy certificates (RECs) for Prinova Solutions China to offset plant electricity consumption.
  • Switched to LED lighting in multiple plants.
  • Offset 100% of Changzhou electricity consumption in 2023.

Social Achievements

  • 74% of employees participated in wellness programs.
  • 81% of employees reported feeling included and valued.
  • Over 220 certifications earned by employees through training programs.
  • Maintained an 84% employee retention rate.
  • Implemented DE&I training sessions and increased workforce diversity.

Governance Achievements

  • Issued a Global Business Code of Conduct.
  • 99.2% participation in global anti-bribery and corruption training.
  • 100% participation in global code of conduct training.
  • 100% participation in global cybersecurity training.
  • Conducted first internal audit focusing on governance matters.

Climate Goals & Targets

Long-term Goals:
  • Net Zero emissions by 2050 (aligned with NAGASE Group goal).
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Minimum 37% reduction in Scope 1 and 2 emissions by 2025 (compared to 2021).

Environmental Challenges

  • Reducing GHG emissions across the supply chain.
  • Ensuring supply chain transparency regarding modern slavery and human trafficking.
  • Maintaining high standards of integrity and ethical behavior.
Mitigation Strategies
  • Working with Eco3 Partnership to monitor and guide improvements in energy consumption and GHG emissions.
  • Joining the Science Based Target initiative.
  • Implementing a zero-tolerance approach to modern slavery, embedded in the Global Code of Conduct and Supplier Code of Conduct.
  • Leveraging Sedex for monitoring and improving sustainability practices.
  • Conducting regular audits and risk assessments.

Supply Chain Management

Supplier Audits: SMETA audits every three years; SAQ (Self-Assessment Questionnaire) annually; over 65% of suppliers audited in 2023.

Responsible Procurement
  • Supplier Code of Conduct
  • ISO 14001 requirement for some suppliers
  • Sedex membership and audit protocols

Climate-Related Risks & Opportunities

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

Reporting Standards

Frameworks Used: CDP, Sedex, UN SDGs

Certifications: ISO 14001 (for some suppliers), MSC (for sustainable seafood), Organic certifications (USDA, EU)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Prinova's sustainability vision is consistent with ten UN SDGs.

Sustainable Products & Innovation

  • Organic certified ingredients
  • RSPO certified palm oil
  • MSC certified sustainable seafood

Awards & Recognition

  • EcoVadis Silver medals for Prinova Europe and Prinova US