Valsoia S.p.A.

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:Not disclosed

Scope 1 Emissions:Not disclosed

Scope 2 Emissions:Not disclosed

Scope 3 Emissions:Not disclosed

Renewable Energy Share:Not disclosed

Total Energy Consumption:49,928.5 GJ/year

Water Consumption:417,000 m3/year

Waste Generated:284,580 kg/year

Carbon Intensity:Not disclosed

ESG Focus Areas

Economic and Financial Capital
Human Capital
Social and Relational Capital
Natural Capital

Environmental Achievements

Saved 117 tonnes of CO2 on approx. 5,200 tonnes of products transported by expanding the use of the intermodal option.
100% of Okira and Okara production by-products retained in external circular economy processes resulting in 16,000 cubic metres of biomethane and savings of 25 tonnes of CO2.

Social Achievements

Implemented tailor-made development programme for Key People.
Provided 1,868 hours of training, including training on occupational health and safety and food safety.
Launched new sugar-free products in the yoghurt line (two new desserts, a new line of 100% plant-based yoghurt alternatives, a coconut drink).
Allocated EUR 269 thousand to social investments in the community and the territory.

Governance Achievements

No criminal offences or failure to comply with the protocols and procedures set out in the Model 231 were identified.

Climate Goals & Targets

Long-term Goals:

Not disclosed

Medium-term Goals:

Consolidation of CO2 annual emissions by at least 400 tonnes in 3 years, exploiting the use of the inter-modal option in the transportation of products.
Reduction in the number of kilometres travelled in product distribution activities by at least 5% in 3 years through the concentration of the number of storage warehouses.
Launch of at least 10 new products in total between functional health products and traditional food.
Launch of at least 4 new products with reduced total added sugar content.
Continuation as per the plan to reduce the release to the market of sugar per litre/kilo and start of a sugar reduction programme in the jam line over 3 years of equal magnitude (-5%).
Further development of the e-commerce channel for direct sales to consumers (at least EUR 500 thousand sell-out in the year).
Growth in foreign penetration of functional health products (as measured by increased sales of at least +50% over the 3 years).
Establishment of an “Innovation Team” for the analysis of food supply chains and trends in highly complex contexts, the generation of new ideas and the development of innovative solutions (at least 6 new projects approved and implemented over the 3-year period).
Strengthening and reviewing food safety procedures and prevention activities towards Co-Packers with a plan of at least 10 audits and consequent improvement actions tracked (Food Management System Certification and No GMO controls).
Reduction, with a target of 15% in 3 years, of specific consumption expressed in kWh per cubic metre of water withdrawn for production and technological purposes from underground through the two water wells at the facility.
Further reduction in water consumption with a target of 24,000 cubic metres in 3 years, thanks to innovation in the processes of the auto cooling in the cold stores.
Increase to 15% in 3 years of the contribution quota of the production by-product quantity to be sent to Biomethane generation plants.
Maintaining a hazardous waste incidence rate of less than 1% of the annual total of waste produced and the total amount of waste under 10 kg/tonne for the same production quota in the Facility (Beverages, Ice Cream and Fermented Foods, Diets.Tic).

Short-term Goals:

Further investments amounting to more than EUR 2 million for the expansion of the Serravalle Sesia (VC) production facility and for the realisation of technological adaptations and modernisation of production departments.
Internal sharing and start of implementation of the Sustainability Plan 2023-2025.
Strengthening ESG risk management, assessment and monitoring activities.
Issue and dissemination of a procedure for ESG data collection and management.
Expansion of the supplier corporate responsibility monitoring system by extending data collection to the category of suppliers of semi-finished fruit.
Continuation of supplier verification activities and at least 10 audits conducted.
Consolidation of business continuity procedures.

Environmental Challenges

Problematic scenario for supplies and costs of raw materials, services and energy in 2022, exacerbated by the conflict in Ukraine.
High procurement costs.
Product contamination risks.
Increased competitiveness.
Changing consumption styles.

Mitigation Strategies

Diversified activities on a wide range of products.
Expanded the Company’s Brands through acquisitions and distribution agreements.
Implemented a scheduled maintenance policy and constant technological renewal of plants.
Careful selection of logistics operators.
Accurate planning of logistics.
Continuous performance monitoring.
Constant attention to customer requests.
Implemented a system of pre-qualification assessing suppliers in relation to working conditions, human rights, environmental protection and the fight against corruption.
Developed alternative supply channels.
Activated a process of “purchase marketing” to diversify sources of supply.
Maintained historical and established relationships with strategic suppliers.
Implemented a constant diversification of suppliers for soya seeds, rice, oats and fruit.
Management policies of staff to support their growth in terms of skills, motivation and sense of belonging.
Implemented an initial evaluation and assessment of the main non-financial risks.
Strengthened the monitoring system in terms of risk assessment and identification of risk mitigation actions.
Significant investments reducing the quantity of water needed for the production process.
Continuous monitoring of energy suppliers and maintenance and continuous updating of plants.
Adherence to the Consorzio Italia del Gusto to mitigate the sharp rise in costs.

Supply Chain Management

Supplier Audits: 10/year

Responsible Procurement

Supplier Audits
Pre-qualification process assessing suppliers on working conditions, human rights, environmental protection and anti-corruption.

Climate-Related Risks & Opportunities

Physical Risks

Not disclosed

Transition Risks

Not disclosed

Opportunities

Not disclosed

Reporting Standards

Frameworks Used: GRI Universal Standards (October 5, 2021), International Integrated Reporting Framework (January 2021), Standard GBS 2013

Certifications: ISO 50001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

SDG 1
SDG 3
SDG 4
SDG 5
SDG 6
SDG 7
SDG 8
SDG 9
SDG 12
SDG 13
SDG 16
SDG 17

See Valsoia Sustainability Agenda section for details on how initiatives contribute to these goals.

Sustainable Products & Innovation

New sugar-free products
Products with reduced sugar content
Sugar-free products

Awards & Recognition

Biological Care Award (CO2 savings certificate)

Reporting Period: 2023