Climate Change Data

Foraco International SA

Climate Impact & Sustainability Data (2020, 2021, 2022)

Reporting Period: 2020

Environmental Metrics

ESG Focus Areas

  • Safety
  • Environmental Impact
  • Business Ethics
  • Community Cooperation
  • Employee Well-being

Social Achievements

  • Launched a comprehensive Covid-19 response plan including strict compliance with government instructions, remote work, physical distancing, PPE, increased testing, and a vaccination campaign.
  • Improved profitability: FY 2020 gross margin increased by 19% year over year.

Governance Achievements

  • Adopted the ESG Sustainability Accounting Standards - Metals and Mining 2018-10

Climate Goals & Targets

Environmental Challenges

  • Covid-19 pandemic causing disruptions, lockdowns, quarantines, and operational limitations in various regions.
Mitigation Strategies
  • Implemented a comprehensive Covid-19 response plan to mitigate risks and maintain operations.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ESG Sustainability Accounting Standards - Metals and Mining 2018-10

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:63,801 tCO2e/year
Total Energy Consumption:935,120 GJ/year
Water Consumption:1,088,500 m3/year

ESG Focus Areas

  • Climate Change
  • Social
  • Governance

Environmental Achievements

  • Reduced CO2 emission: 63,801 tCO2e
  • Reduced Water consumption: 1,088,500 m3
  • Reduced Energy consumption: 935,120 GJ

Social Achievements

  • Zero Lost Time Injury Rate (LTI) in 2021
  • Total Recordable Injury Frequency Rate (TRIFR) of 1.69 for 5,332,518 hours reported
  • No whistleblowers in 2021
  • Collective bargaining agreements covering 56% of its workforce

Governance Achievements

  • Adopted SASB Sustainability Accounting Standards: Metals and Mining 2018-10
  • Strong business ethics policy and procedures compliant with Europe’s most stringent anti-corruption rules

Climate Goals & Targets

Environmental Challenges

  • Inflationary pressures on operating costs
  • COVID-19 pandemic impact (though fading in 2021)
Mitigation Strategies
  • Renegotiated contracts with most customers to pass on cost increases
  • Continued control over operations and SG&A expenses
  • Debt restructuring and reorganization

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB Sustainability Accounting Standards: Metals and Mining 2018-10

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:57,543 tCO2e/year
Total Energy Consumption:844,019 GJ/year
Water Consumption:887,999 m3/year

ESG Focus Areas

  • Climate Change
  • Safety
  • Governance

Environmental Achievements

  • Reduced GHG emissions by 6%
  • Reduced water consumption by 18%
  • Reduced energy consumption by 10%

Social Achievements

  • Improved TRIFR to 1.31 from 1.69 (per 5.8 million hours reported)

Governance Achievements

  • No alerts from whistleblowing line
  • No breaches of anti-corruption rules

Climate Goals & Targets

Environmental Challenges

  • Supply chain challenges
  • Global inflationary pressures
  • Two relatively minor LTIs reported (none in 2021)
  • Political and economic uncertainties in Russia and Africa
Mitigation Strategies
  • Renegotiated most long-term contracts with inflation protection clauses
  • Improved productivity
  • Internal ESG committee established to prepare a comprehensive plan
  • Successful new developments in Kazakhstan to offset decrease in Russia

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB Sustainability Accounting Standards: Metals and Mining 2018-10