Climate Change Data

COIM Group

Climate Impact & Sustainability Data (2021, 2022, 2023)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:41,691 t CO₂eq (COIM) and 411 t CO₂eq (NOVOTEX)
Scope 1 Emissions:34,663 tonnes CO₂eq (COIM) and 91 tonnes CO₂eq (NOVOTEX)
Scope 2 Emissions:5,905 tonnes CO₂eq (COIM) and 320 tonnes CO₂eq (NOVOTEX)
Scope 3 Emissions:Not disclosed
Renewable Energy Share:1.6% (COIM) and 50% (NOVOTEX)
Total Energy Consumption:116,170 kWh (COIM) and 200,726 kWh (NOVOTEX)
Water Consumption:1,318,730 ML (COIM) and 924,733 ML (NOVOTEX)
Waste Generated:7,774 t (COIM) and 1,748 kg (NOVOTEX)
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental Impact Mitigation
  • People: Protection and Growth
  • Responsible Economic Growth
  • Transparency and Customer Care
  • External Relationships and Stakeholders
  • Local Community

Environmental Achievements

  • Reduced CO2 emissions by 88,753 kg from using renewable sources
  • Planted 900 trees
  • Improved glycol recovery process, almost doubling capacity by mid-2021
  • Obtained OK Compost certification for adhesives, coatings, and ink modifiers
  • Obtained Remade in Italy® certification for ISOEXTER 40072 product

Social Achievements

  • Launched employee well-being programs including nursery subsidies, company benefits plan, tax support, and legal advice services
  • Provided 7,826.5 hours of training
  • Supported local community initiatives through donations and sponsorships
  • Collaborated with schools and universities on dual work-education schemes and internships

Governance Achievements

  • Implemented a Code of Ethics aligned with UN Global Compact principles and Italian legislation (Legislative Decree 231/2001)
  • No cases of unfair competition, anti-trust, or monopolistic practices recorded
  • No cases of non-compliance with privacy recorded
  • Obtained AEO certification in 2021

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Further reduce water consumption
  • Accurately calculate Scope 3 emissions
  • Improve communication with employees via app
Short-term Goals:
  • Reduce water consumption
  • Install meters in northern section of Offanengo facility
  • Activate photovoltaic panels at Offanengo site
  • Upgrade Process Water Concentrator (PWC) plant

Environmental Challenges

  • Global shortage of bio-based raw materials
  • High water consumption
  • Need to accurately calculate Scope 3 emissions
  • Covid-19 pandemic impact on operations and training
Mitigation Strategies
  • R&D focused on sustainable and bio-based solutions
  • Improving water pumps to increase recovery
  • Gradual engagement with suppliers to obtain Scope 3 data
  • Adapting training to pandemic restrictions, implementing remote work and safety protocols

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Prior checks and verification by legal department
  • Evaluation of suppliers based on ethical and sustainability requirements

Climate-Related Risks & Opportunities

Physical Risks
  • Climate imbalances impacting production, productivity, and quality
Transition Risks
  • Not disclosed
Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 45001, OK Compost, Remade in Italy®

Third-party Assurance: Bureau Veritas Nexta

UN Sustainable Development Goals

  • Goal 4 (Quality Education)
  • Goal 7 (Affordable and Clean Energy)
  • Goal 8 (Decent Work and Economic Growth)
  • Goal 12 (Responsible Consumption and Production)
  • Goal 13 (Climate Action)
  • Goal 11 (Sustainable Cities and Communities)
  • Goal 15 (Life on Land)

Not disclosed

Sustainable Products & Innovation

  • Bio-based products
  • Products made with recycled raw materials

Awards & Recognition

  • Not disclosed

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:70,646 tCO2e (Location-based) / 75,239 tCO2e (Market-based)
Scope 1 Emissions:53,561 tCO2e (2022) / 50,613 tCO2e (2021)
Scope 2 Emissions:9,915 tCO2e (Location-based) / 19,564 tCO2e (Market-based)
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:1,099,654 GJ
Water Consumption:1,376.55 ML
Waste Generated:18,000 tons
Carbon Intensity:0.07 tCO2eq/€ (2022)

ESG Focus Areas

  • Emission and fight against climate change
  • Waste and circularity
  • Responsible use of materials
  • Responsible use of water resources
  • Creating shared value
  • Responsible supply chain management
  • Privacy and data protection
  • Protection of human and labor rights
  • Responsible management and employee well-being
  • Workers’ health and safety
  • Involvement and support to local communities
  • Equal opportunities and non-discrimination
  • Development and training
  • Talent attraction and retention
  • Product safety and quality
  • Sustainable innovation and product research
  • Customer satisfaction

Environmental Achievements

  • Reduced water withdrawal by 4% compared to 2021.
  • Increased clean energy production through photovoltaic plants, saving 66,768 kg of CO2.
  • Improved waste management, with 43% of waste not sent for disposal.
  • Introduced a process water distillation and separation system in COIM US, reducing disposable material by approximately 68 ML per year.

Social Achievements

  • Increased training hours by 34% compared to 2021.
  • Increased number of training hours attended by women by 86% compared to 2021.
  • Allocated €91,666 to community investment initiatives in 2022.

Governance Achievements

  • Established a Sustainability Committee.
  • Implemented a Sustainable Procurement Policy.
  • No cases of corruption, unfair competition, anti-trust or monopolistic practices recorded in 2021-2022.
  • No cases of non-compliance with privacy in 2021-2022.

Climate Goals & Targets

Long-term Goals:
  • Extend decarbonization project to the entire Group.
  • Maintain Golden EcoVadis score.
Medium-term Goals:
  • Extend sustainability policies and EcoVadis assessment to other subsidiaries.
  • Implement a decarbonization roadmap for the Offanengo site (3-year project).
  • Reduce energy consumption and emissions in COIM US (2023-2024).
Short-term Goals:
  • Achieve 100% renewable electricity procurement by 2025 (COIM S.p.A.).
  • Join the UN Global Compact by 2023 (COIM S.p.A.).
  • Obtain ISCC Plus certification for specific products by the end of 2024 (COIM S.p.A., COIM US).

Environmental Challenges

  • Increased cost of utilities (gas and electricity) due to global events.
  • High inflation and rising interest rates.
  • High water consumption.
  • High GHG emissions.
Mitigation Strategies
  • Developing new products for the circular economy.
  • Implementing initiatives to reduce water consumption (e.g., recovery systems, new treatment plant).
  • Decarbonization project to reduce energy consumption and carbon footprint.
  • Phasing out the Paulsboro manufacturing facility in COIM US to improve energy efficiency.
  • Implementing solar power at COIM US's New Jersey facility.

Supply Chain Management

Supplier Audits: 138 new suppliers in 2022; supplier qualification process includes ethical and sustainability requirements.

Responsible Procurement
  • Sustainable Procurement Policy (COIM S.p.A.)
  • Supplier questionnaire on sustainability issues (to be implemented systematically in 2023).

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 14001:2015 (COIM S.p.A., Synres), ISO 45001:2018 (COIM S.p.A., Synres, COIM US), UNI EN ISO 9001:2015 (COIM S.p.A., Synres, Neoflex), OK Compost (COIM S.p.A.), Remade in Italy® (COIM S.p.A.), UL Verification (COIM US)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Goal 4 (Quality Education)
  • Goal 7 (Affordable and Clean Energy)
  • Goal 8 (Decent Work and Economic Growth)
  • Goal 12 (Responsible Consumption and Production)
  • Goal 13 (Climate Action)

Initiatives aligned with the selected SDGs are described throughout the report.

Sustainable Products & Innovation

  • ISOEXTER products with Remade in Italy® and UL verification for recycled content.
  • Bio-based products as alternatives to synthetics.
  • Biodegradable flexible solutions for food packaging.

Awards & Recognition

  • EcoVadis Gold medal (COIM S.p.A., 2022)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:98,246.7 tCO2eq (Scope 1 + Scope 2 Market-Based)
Scope 1 Emissions:71,816.8 tCO2e/year
Scope 2 Emissions:24,687.1 tCO2e/year (Market-Based)
Scope 3 Emissions:Not disclosed
Renewable Energy Share:29% of total energy use (COIM Group)
Total Energy Consumption:1,461,734.1 GJ
Water Consumption:1,367.6 ML
Waste Generated:35,327.1 tons
Carbon Intensity:0.1 tCO2eq/M€ (Scope 1 + Scope 2 Market-Based)

ESG Focus Areas

  • Climate Change
  • Responsible Use of Materials
  • Responsible Use of Water Resources
  • Responsible Supply Chain Management
  • Protection of Human and Labor Rights
  • Employee Well-being
  • Product Safety and Quality
  • Community Involvement

Environmental Achievements

  • Reduced water withdrawal by 5% compared to 2022.
  • Increased clean energy use by almost double compared to 2022, saving 124,509 kg of CO2.
  • Reduced total waste production by 3% compared to 2022.
  • Reduced Scope 2 Market-Based GHG emissions by 21% compared to 2022.
  • Reduced Scope 2 Location-Based GHG emissions by 22% compared to 2022.

Social Achievements

  • Increased number of employees by 7% compared to 2022.
  • 99% of employees hold permanent contracts.
  • Reduced number of workplace accidents by 4 compared to 2022.
  • Increased training hours by 34% compared to 2022.
  • Organized sustainability training course for employees.

Governance Achievements

  • Established a Sustainability Committee.
  • No cases of corruption, unfair competition, anti-trust or monopolistic practices recorded in 2022-2023.
  • No cases of non-compliance with privacy in 2022-2023.
  • COIM S.p.A. joined the United Nations Global Compact.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Maintain Golden EcoVadis score and extend assessment to other subsidiaries.
  • Extend UN Global Compact participation to the entire Group.
Short-term Goals:
  • 100% renewable electricity procurement for COIM S.p.A. by 2025.

Environmental Challenges

  • Uncertainty linked to the Russia-Ukraine conflict and Israel-Palestinian conflict.
  • Decreased sales value due to decreased production volumes and unit sales prices.
  • Need to improve steam management to reduce energy consumption.
  • Need to calculate and reduce Scope 3 emissions.
Mitigation Strategies
  • Developing new products with lower environmental impact and higher safety.
  • Implementing a decarbonization project at COIM S.p.A. to reduce energy consumption and carbon footprint.
  • Planning to install new process water treatment plants in Offanengo and Singapore.
  • Extending the Sustainable Procurement Policy to the entire Group.

Supply Chain Management

Supplier Audits: 383 new suppliers in 2023; ethical reliability verification for all suppliers; Vendor Rating activity planned for COIM S.p.A. in 2024.

Responsible Procurement
  • Sustainable Procurement Policy (COIM S.p.A.); commitment to foster innovation in supply markets; refusal of partnerships with organizations that do not respect human rights; partnership with suppliers to achieve common goals.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Development of energy-efficient products and processes.

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, OK Compost, Remade in Italy®, UL Verification, AEO, SS 651:2019 (COIM Asia Pacific), RecyClass

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 13 (Climate Action)

Initiatives related to renewable energy, energy efficiency, GHG emissions reduction, water management, and waste reduction.

Sustainable Products & Innovation

  • Bio-based products; biodegradable solutions; products containing recycled raw materials.

Awards & Recognition

  • Not disclosed