Climate Change Data

LB Officine Meccaniche S.p.A.

Climate Impact & Sustainability Data (2021)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:14% increase in total Scope 1 emissions compared to 2020; 18% and 24% increases in total Scope 2 Location-Based and Market-Based emissions compared to 2020
Total Energy Consumption:Total energy consumption: Electricity 33%, Natural Gas 67%
Waste Generated:Significant rise (+69%) in waste produced compared with 2020. Significant reduction in the quantity of ink waste containing hazardous substances (-40%).

ESG Focus Areas

  • Product quality, innovation and customer focus
  • Human resource management
  • Environmental sustainability
  • Responsible management of the value chain
  • Business ethics

Environmental Achievements

  • Developed Migratech 4.0, a dry-milling technology with lower environmental impact than wet-milling.
  • Activated a structured process to obtain greater awareness about the impact of its productive activities on the environment and its Stakeholders. Quantification of the corporate carbon footprint.

Social Achievements

  • 99% of employees on permanent contracts.
  • Quality Management System certified ISO 9001:2015.
  • Implemented a programme of personnel development paths and training initiatives.
  • Introduced an updated system of corporate welfare and internal communications for personnel.

Governance Achievements

  • Introduced procedures covering related parties, financial reporting, credit collection, receipts and payments, personnel search and selection and the management of gifts, as well as an IT risk management model.
  • Implemented a new Enterprise Resource Planning (ERP) system.

Climate Goals & Targets

Environmental Challenges

  • 2019 and 2020 were particularly difficult years, due to the effects of the pandemic and the need to adapt to expectations in the new sectors in which the Group had begun to operate.
  • Increase in business overheads linked to the recruitment of personnel.
  • Unsatisfactory performance of certain contracts in non-ceramic sectors.
Mitigation Strategies
  • Restructured bank borrowing.
  • Implemented cost-saving measures.

Supply Chain Management

Supplier Audits: Periodic audits of suppliers, depending on their strategic and economic significance.

Responsible Procurement
  • Clauses in contracts signed between LB and suppliers in countries “at risk of potential human rights violations”, which require the acceptance of specific social obligations to respect the fundamental rights of workers and reject the exploitation of child labour.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards (in accordance - Core)

Certifications: ISO 9001:2015

Sustainable Products & Innovation

  • Migratech 4.0