GreenGroup
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:65,347 tCO2e (location-based); 57,845 tCO2e (market-based)
Scope 1 Emissions:13,449 tCO2e
Scope 2 Emissions:11,752 tCO2e (location-based); 4,251 tCO2e (market-based)
Scope 3 Emissions:40,146 tCO2e
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
- Circular Economy
- Environmental Protection
- Community Responsibility
- Employee Well-being
- Ethical Governance
Environmental Achievements
- Issued carbon offset certificates from PET waste recycling, neutralizing over 180,000 tonnes of CO2.
- Reduced electricity consumption by 5% to 8% at GreenTech companies.
- Achieved a 99.99% purity level in glass recycling at GreenGlass.
- GreenTech is the first company in Europe to obtain carbon credits (VER) resulting from its waste recycling activity.
Social Achievements
- Implemented a suggestion collection system in production departments.
- Launched the Buzău Circular platform, aiming to transform the city into a circular economy model.
- Donated €10,000 to the Motivation Foundation to support people with mobility disabilities.
- GreenTech and GreenWEEE are signatories of the Diversity Charter in Romania.
Governance Achievements
- Implemented an anti-corruption program in 2017.
- Introduced a whistleblowing platform for anonymous reporting of violations.
- Annual ESG training sessions for top management.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Reduce utility consumption by 3% annually.
- Reduce water consumption by 21% at GreenTech Romania by 2030.
- Reduce natural gas consumption by 4%, 11%, and 7% in Romania, Lithuania, and Slovakia respectively by 2030.
Short-term Goals:
- Diversify recycled PET waste categories by up to 20% by 2026.
- Reduce waste generated during recycling by up to 10% by 2026.
- Increase recirculated water use to 20% by 2026.
- Source all packaging from responsible materials by 2026.
- Achieve carbon neutrality for Scope 2 emissions by 2026.
Environmental Challenges
- Decreased production volumes and falling sales prices at GreenTech.
- Shortage of qualified personnel in certain sectors.
- Transition risks related to climate change (legislative changes, market shifts, technological advancements).
Mitigation Strategies
- Developing advanced methods for quantifying financial effects of sustainability risks and opportunities.
- Strategic partnerships with educational institutions for talent acquisition and training.
- Implementing an Energy Efficiency Plan aiming for a 3% annual reduction in utility consumption.
- Transitioning all production units to renewable electricity by 2026.
Supply Chain Management
Supplier Audits: Self-Assessment Questionnaire (SAQ) and Pre-Qualification Questionnaire (KYP)
Responsible Procurement
- On-time invoice payments.
- Code of Conduct for business partners.
Climate-Related Risks & Opportunities
Physical Risks
- Rising temperatures
Transition Risks
- Legislative changes
- Market dynamics
- Technological advancements
- Energy price changes
- Evolution of the energy mix
- Fluctuations in the competitive environment
Opportunities
- Changes in commodity and energy prices
- Shifts in the energy mix
- Diversity of available raw materials
- Market dynamics
- New resilience regulations
- Access to sustainable financing
- Increased competitiveness
Reporting Standards
Frameworks Used: ESRS, GRI, SASB, GHG Protocol
Certifications: ISO 9001, ISO 14001, ISO 45001, ISO 50001, WEEELABEX, EuCertPlast, RecyClass, GRS, OEKO-TEX, FSC
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- PET flakes, rPET granules, polyester synthetic fibers, recycled pellets
Awards & Recognition
- Not disclosed