Exolum Corporation, S.A.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:248,813 tCO2e/year
Scope 1 Emissions:54,755 tCO2e/year
Scope 2 Emissions:44,813 tCO2e/year
Scope 3 Emissions:149,245 tCO2e/year
Renewable Energy Share:30% (Spain), 100% (Immingham, UK)
Total Energy Consumption:458,253 GJ/year
Water Consumption:455,863 m3/year
Waste Generated:10,129 tons/year
Carbon Intensity:Not disclosed
ESG Focus Areas
- Decarbonisation
- Energy transition
- Equality and diversity
- Circular economy
- Talent development
- Global culture
- Health and safety
- Climate risks
- Relations with the community
- Good governance
- Responsible supply chain
Environmental Achievements
- Commissioned three new photovoltaic projects for self-consumption at facilities in Huelva, Algeciras, and Barcelona (with plans to expand to UK facilities)
- Replaced 300,000 liters of diesel oil with HVO at Dublin airport
- Achieved 97 points in the GRESB sustainability index
- Moved climate neutrality goal forward to 2040
- Reduced primary energy consumption by 12%
Social Achievements
- Implemented various initiatives to improve employee satisfaction and engagement, including the Sherpa leadership development program
- Joined REDI to promote LGBTIQ+ inclusion in the workplace
- Joined the ‘Alliance for Vocational Training’ to promote youth employability
- Launched the One Exolum awards to recognize employees who embody company values
- Continued support for diversity, equity, and inclusion (DE&I) with the appointment of a global DE&I leader and the launch of a Global Diversity Plan
Governance Achievements
- Updated Code of Conduct and related policies
- Amended Board of Directors’ Regulations to incorporate best practices in ESG matters and streamline decision-making
- Created a new Safety and Sustainability Committee within the Board of Directors
Climate Goals & Targets
Long-term Goals:
- Become a ‘Net Zero’ company by 2040
Medium-term Goals:
- Reduce Scope 1 and 2 emissions by 53% compared to 2018 by 2030
Short-term Goals:
- Not disclosed
Environmental Challenges
- Geopolitical and economic instability straining energy markets
- Supply disruptions and global energy shortages
- Risks and challenges for fossil fuel markets due to the energy transition
- Need to bolster supply security and reduce foreign dependence
Mitigation Strategies
- Diversification strategy focusing on sustainable aviation fuels, hydrogen and its derivatives, and the circular economy
- Ambitious carbon reduction strategy with interim target of reducing Scope 1 and 2 emissions by 53% by 2030 and achieving Net Zero by 2040
- Investment in start-ups related to the energy transition
- Digitalisation and automation of facilities to improve operational safety and sustainability
Supply Chain Management
Supplier Audits: 85 suppliers assessed on environmental matters (Spain, 2023); 352 suppliers assessed on environmental matters (UK, 2023)
Responsible Procurement
- Code of conduct
- Supplier ethics code
- General Data Protection Regulation (GDPR)
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Decline in the role of hydrocarbons
- Rapid expansion of renewable energy
- Increase in electrification
- Growing use of low-carbon fuels
Opportunities
- Development of energy-efficient products
- Growth in biofuel and hydrogen markets
Reporting Standards
Frameworks Used: GRI Standards, International Integrated Reporting Framework (IR)
Certifications: ISO 9001, ISO 14001, ISO 45001, ISCC EU, ISCC Plus, ISCC Corsia, UNE 166002, ISO 50001, Top Employer 2024
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
The ESG Master Plan 2022-2026 is aligned with the UN Sustainable Development Goals.
Sustainable Products & Innovation
- Green hydrogen
- Sustainable aviation fuel (SAF)
- Biofuels
Awards & Recognition
- GRESB sustainability index (97 points)
- Capital Radio Awards for sustainability