Climate Change Data

Caleffi S.p.A.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:4,425 tCO2e/year (Scope 1)
Scope 1 Emissions:4,425 tCO2e/year
Scope 2 Emissions:11,943 tCO2e/year
Renewable Energy Share:93.1% (packaging)
Total Energy Consumption:25,709,433 kWh/year (electricity)
Water Consumption:100.4 Ml/year
Waste Generated:2,239,100 kg/year

ESG Focus Areas

  • Economic Performance
  • Supplier Management
  • Ethics
  • Fiscal Risk Management
  • Raw Materials
  • Energy
  • Water and Water Discharge
  • Emissions
  • Waste
  • Occupational Health and Safety
  • Personnel Development, Training and Education
  • Protection of Diversity and Equal Opportunities and Non-discrimination
  • Impacts on the Local Community
  • Customer Satisfaction (Protection of the Health and Safety of End Users)
  • Protection of Privacy
  • Employee Well-being
  • European Green Deal - Circular Economy Action Plan

Environmental Achievements

  • Reduced Scope 1 CO2 emissions by 8.4% between 2021 and 2023
  • Increased self-produced energy by almost 90% in 2023
  • Reduced electricity consumption per hour worked by 19% between 2021 and 2023
  • Reduced methane gas consumption per hour worked by 40% between 2021 and 2023
  • Increased renewability of packaging to approximately 70%
  • Recovered and reused cutting fluids and promoted energy savings
  • Recycled over 90% of brass and 98% of plastic scraps
  • Recovered 100% of incoming polyethylene packaging for recycling
  • Reduced polyurethane in packaging by 60% and replaced with ecological materials

Social Achievements

  • 70% of employees benefited from performance-related rewards in 2023
  • Improved contractual health plans for employees and their families
  • Provided additional paid leave for medical examinations and treatments
  • Offered supplementary accident insurance for specific employee categories
  • Low employee turnover rate (3.5% in 2023)
  • Implemented a Climate Analysis to improve working conditions
  • Donated software for CT scan equipment, computers, and equipment to local schools and charities
  • Supported various humanitarian associations and initiatives

Governance Achievements

  • Adopted an Organisational Model pursuant to Italian Legislative Decree no. 231/01 to prevent offences
  • Implemented an anti-corruption training program for almost 200 people in 2023
  • Established a whistleblowing system in compliance with Italian Legislative Decree no. 24/23

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Increase renewable energy share through photovoltaic installations
  • Further reduce electricity and methane gas consumption
  • Increase the use of electric and hybrid vehicles
  • Implement FSC-certified packaging
  • Implement sustainable initiatives throughout the supply chain
Short-term Goals:
  • Obtain EPD certification for product series by July 2024
  • Obtain ISO 45001 certification for occupational health and safety by 2024
  • Conduct Climate Analysis in other companies by the end of 2024
  • Implement quality control processes in Caleffi North America Inc. and Altecnic Ltd.

Environmental Challenges

  • Slowdown in sales for some product categories due to reduced energy efficiency incentives
  • Unpredictable market conditions in tap and heat pump markets
  • Limited capacity of the electricity network to supply energy for green heating systems
  • Increased costs of raw materials and energy
  • Sourcing difficulties due to material shortages, longer delivery times, and logistics problems
  • Potential impact of climate change on production activities (water shortages, extreme weather events)
Mitigation Strategies
  • Investing in production capacity and facility modernization
  • Expanding production sites and commercial facilities
  • Implementing Industry 4.0 projects
  • Prioritizing local suppliers (over 83% in 2023)
  • Implementing environmental and social criteria in supplier selection
  • Introducing products that contribute to reducing emissions and water consumption
  • Improving energy efficiency in buildings and processes
  • Installing photovoltaic systems to increase self-produced energy
  • Replacing lighting systems with LED technology
  • Recovering heat from compressor stations
  • Replacing less efficient refrigeration systems
  • Purchasing electric and hybrid vehicles

Supply Chain Management

Responsible Procurement
  • Prioritizing local suppliers
  • Implementing environmental and social criteria in supplier selection
  • Outsourcing some assembly activities to social cooperatives

Climate-Related Risks & Opportunities

Physical Risks
  • Water shortages
  • Extreme weather events
Transition Risks
  • Reduced energy efficiency incentives
  • Unpredictable market conditions
Opportunities
  • Increased demand for energy-efficient products
  • Development of renewable energy solutions

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 9001, ISO 14001, ISO 45001, ISO 27001, ISO 50001, AEOF

Third-party Assurance: Deloitte & Touche S.p.A.

UN Sustainable Development Goals

  • Goal 7: Affordable and Clean Energy
  • Goal 9: Industry, Innovation and Infrastructure
  • Goal 12: Responsible Consumption and Production
  • Goal 13: Climate Action

Initiatives contribute to these goals through energy efficiency improvements, renewable energy use, waste reduction, and sustainable product development.

Sustainable Products & Innovation

  • Components for renewable energy systems
  • Energy-saving products
  • Water-saving taps

Awards & Recognition

  • Italy’s Best Employers