Pietro Fiorentini Group
Climate Impact & Sustainability Data (2022, 2023)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:2744 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:2744 tCO2e/year
Scope 2 Emissions:423 tCO2e/year
Scope 3 Emissions:2031 tCO2e/year
Renewable Energy Share:100%
Total Energy Consumption:47002 GJ/year
Water Consumption:40700 m3/year
Waste Generated:2976 tons/year
ESG Focus Areas
- Energy transition
- Innovation & Digitalization
- Circular economy
- Emissions & Resilient infrastructures
- Business ethics
- ESG integration into the business
- Workers’ health and safety
- HR management & enhancing
- Diversity & Inclusion
- People well-being
- Stakeholder engagement
- Sustainable supply chain
- Customer centricity
Environmental Achievements
- -39.8% of CO2 emissions (Scope 1 and 2) compared to 2021
- 72% of the waste directed to recycling, re-use or other recovery operations
- 100% of renewable energy with guarantee of origin for the plants of Pietro Fiorentini, TIV Valves and Sartori Ambiente
- -71% reduction of indirect energy consumption from non-renewable sources
Social Achievements
- 20% of employees are under 30 years
- +37% of new entries compared to 2021
- 96% of employees with permanent contracts
- 44 average hours of training provided to each employee
- +31% of resources invested in the welfare plan compared to 2021
- -53% of accidents occurred to employees of Pietro Fiorentini S.p.A. compared to 2021
- 81% Net Promoter Score concerning general customer satisfaction
Governance Achievements
- 100% of Pietro Fiorentini Group sites covered by ISO 9001 Quality certification
- Sustainability committee established in 2022
- 770 employees trained on anti-corruption issues
- 110 internal and external audits to verify the compliance and effectiveness of management systems
Climate Goals & Targets
Long-term Goals:
- Net zero emissions by 2050
Medium-term Goals:
- Increase biomethane production to half a billion cubic meters by 2025
- Reduce CO2 emissions by further 143 tCO2e by 2025
- Increase renewable energy use to 80% by 2025
- Achieve a Net Promoter Score of at least 80% by 2025
Short-term Goals:
- Reduce water consumption by 10% by 2025
- Achieve zero accidents target
Environmental Challenges
- Rising raw material, transport and energy costs
- Maintaining market share in the 'traditional' business
- Achieving adequate margins in the renewable energy business
- Supervision and development of subsidiaries
- Effectiveness of M&A activities
- Possible business disruptions
- Quality, safety and innovation of products and services
- Compliance issues
- Supplier reliability
- Machinery and equipment compliance
- Environmental impact of products
- Competence development and talent retention
- Cybersecurity of products and services
- Consequences of international geopolitical tensions on the demand for products in the natural gas business
Mitigation Strategies
- Increasing integration of ESG risks into the ERM model
- Extending risk mapping and mitigation to the main subsidiaries
- Annual updates of mitigation plans
- Quarterly monitoring of indicators and targets
- M&A strategy to intercept companies with consistent aims
- Lean & Agile methodologies to optimize internal processes
- Continuous improvement initiatives
- Implementation of projects for the development of sustainable solutions
- Partnerships for innovation and sustainability
- Investment in R&D for green technologies
Supply Chain Management
Supplier Audits: 110 audits/year
Responsible Procurement
- Responsible and ethical purchasing policies
- ESG criteria in supplier evaluation
- Long-term collaborations with local suppliers
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Rising raw material, transport and energy costs
- Maintaining market share in the 'traditional' business
- Achieving adequate margins in the renewable energy business
Opportunities
- Development of energy-efficient products
- Expansion into renewable energy sectors
Reporting Standards
Frameworks Used: GRI
Certifications: ISO 9001, ISO 14001, ISO 27001, ISO 45001, ISO 50001
UN Sustainable Development Goals
- Goal 7 (Affordable and clean energy)
- Goal 9 (Industry, innovation, and infrastructure)
- Goal 13 (Climate action)
Initiatives contribute to these goals through renewable energy solutions, sustainable infrastructure development, and emission reduction efforts.
Sustainable Products & Innovation
- Smart meters
- Biogas upgrading plants
- Biomethane liquefaction plants
- Hydrogen electrolysers
- GEDRA device
- Smart Grid solutions
Awards & Recognition
- Historical mark of national interest
- Sustainability Leaders 2022
- Impresa Champion
- Best Managed Companies Award
- Best performer in Randstad Employer Brand Research
- Most Active Award
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:126,163 tCO2e/year (Scope 1, 2, and 3)
Scope 1 Emissions:2,968 tCO2e/year
Scope 2 Emissions:2,069 tCO2e/year (location-based)
Scope 3 Emissions:126,163 tCO2e/year
Renewable Energy Share:7% of total energy use
Total Energy Consumption:21,190 MWh/year
Water Consumption:49,239 m3/year
Waste Generated:3,700 tons/year
Carbon Intensity:13 tCO2-eq/M€ (2023)
ESG Focus Areas
- Energy Transition
- Emissions and resilient infrastructures
- Circular Economy
- HR Management & Enhancement
- Workers’ health and safety
- Customer centricity
- Business ethics
- ESG integration into the business
- Innovation and digitalisation
- Sustainable supply chain
- Stakeholder engagement
- People wellbeing
- Diversity & Inclusion
Environmental Achievements
- 82.5% of waste sent for recycling, reuse or other recovery operations (+10% compared to 2022)
- -6% location-based Scope 2 emissions deriving from electricity consumption
- ISO 50001 certification achieved for Arcugnano site
Social Achievements
- 98% of employees with permanent contracts (+2% compared to 2022)
- 48% New hires under 30 (+6% compared to 2022)
- SA8000 certification achieved by Pietro Fiorentini S.p.A.
- 73% Purchase from local suppliers (+4% compared to 2022)
- -7% Accident severity index compared to 2022
Governance Achievements
- 118 internal audits to verify the compliance and effectiveness of management systems
- Review of the corporate purpose with a view to creating a purpose-driven organisation
- Obtaining SA 8000 certification for Pietro Fiorentini and evaluation of its extension to other companies
Climate Goals & Targets
Long-term Goals:
- Achieve a zero-carbon economy
Medium-term Goals:
- Biomethane: support in the production of at least half a billion cubic metres by 2025
- Enable the production, through the supply of Group technologies, of one billion cubic metres of biomethane per year by 2026
- Production, through plants owned by the Group, of at least 60 million cubic metres of biomethane per year by 2026
Short-term Goals:
- Obtaining SA 8000 certification in Gazfio and evaluation of its extension to other companies
- Extension of ISO 50001 certification to other Pietro Fiorentini sites (Rosate and Desenzano del Garda) and Gazfio
- Calculation of the organisation's carbon footprint by 2025
Environmental Challenges
- Contraction of sales volumes leading to a reduction in turnover
- Managing risks and opportunities related to the workforce, customers and local communities
- Climate change risks
- Supply chain disruptions
Mitigation Strategies
- Localisation strategy to better serve key markets
- Integration of product and service offering through innovation and internal development
- Targeted acquisition transactions
- Developing alternative sourcing strategies
- Defining a greenhouse gas reduction plan
- Including the principles of circularity within the design process of new products
- Formalising company policies on human rights throughout the value chain and issues of diversity and inclusion
- Setting targets to reduce negative impacts on workers in the value chain
- Defining an incentive system for top management that includes sustainability performance
Supply Chain Management
Supplier Audits: 36 independent audits in 2023 (management systems only)
Responsible Procurement
- ESG criteria integrated into supplier evaluation
- Supplier document portal for managing qualifications and authorisations
- Supplier HUB for communication and information exchange
- Local for local strategy
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
Transition Risks
- Regulatory changes
- Market shifts
Opportunities
- Development of energy-efficient products
- Growth in renewable energy business
Reporting Standards
Frameworks Used: GRI (Global Reporting Initiative, 2021 version), SASB (Sustainability Accounting Standards Board), ESRS (European Sustainability Reporting Standards)
Certifications: ISO 9001:2015, ISO 14001:2015, ISO 27001:2013, ISO 45001:2018, ISO 50001:2018, SA 8000:2014
Third-party Assurance: Not disclosed
Sustainable Products & Innovation
- Smart water meters
- Biogas upgrading and biomethane injection plants
- Electrolyzers for hydrogen production
- Systems for waste separation and separate waste collection
Awards & Recognition
- Best Managed Companies Award (Deloitte, ALTIS, ELITE, Confindustria Piccola Industria)
- Sustainability Award (Kon Group and ELITE)