Climate Change Data

SOCOMEC Group SAS

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:1,721,551 t CO2e
Scope 1 Emissions:236 t CO2e
Scope 2 Emissions:2,750 t CO2e
Scope 3 Emissions:1,721,551 t CO2e
Renewable Energy Share:44%

ESG Focus Areas

  • Employee Well-being
  • Environmental Protection
  • Responsible Partnerships

Environmental Achievements

  • 44% renewable energy in electricity consumption
  • 72.6% industrial waste recycled
  • ISO 14001 certification for Gurgaon production site in India
  • 14.9% electricity and 33.5% gas savings through Energy+ Plan

Social Achievements

  • Employee engagement score of 7.8/10 (+0.3 points from 2022)
  • 96.9% Annual Performance Reviews completed
  • 67,935 hours of learning and development
  • EcoVadis rating of 73/100 (top 5%)
  • Top Employer certification for excellence in HR practices

Governance Achievements

  • Renewed CEO's commitment to UN Global Compact's 10 principles
  • Formalized Human Rights policy
  • Established regional Ethics and Compliance committees (planned for 2024)
  • Launched IMAGIN’ACT endowment fund

Climate Goals & Targets

Long-term Goals:
  • Eliminate serious accidents and aim for 0 accidents by 2030
Medium-term Goals:
  • Recycle 80% of industrial waste by 2030
  • Achieve 100% ISO 14001 certification for production sites by 2030
  • 100% of product ranges covered by PEPs by 2030
Short-term Goals:
  • Reduce accident frequency by 30% by 2025
  • Achieve employee engagement score of 7.8/10 by 2025
  • 95% completion rate of Annual Performance Reviews by 2025
  • 100% of employees trained in business ethics policy by 2025
  • Reduce on-site visits by technicians by 500 by 2025

Environmental Challenges

  • Climate change
  • Increasing energy costs
  • Supply chain disruptions
  • Workplace accident increase in 2023
  • Need to increase women in management positions
Mitigation Strategies
  • Defined low-carbon strategy with action plan and targets
  • Implemented Energy+ Plan to reduce energy consumption
  • Increased use of renewable energy
  • Improved safety measures at production sites (safety meetings, safer pedestrian routes, safety workshops)
  • Implemented actions to improve employee engagement
  • Partnership with EcoVadis to assess supplier CSR performance
  • Formalized Human Rights policy and planned audits
  • Launched initiatives to promote diversity, equity, and inclusion

Supply Chain Management

Supplier Audits: 72 main suppliers assessed by EcoVadis in 2023

Responsible Procurement
  • Code of Conduct for suppliers
  • Responsible Minerals Initiative (RMI) reporting
  • EcoVadis assessments

Climate-Related Risks & Opportunities

Physical Risks
  • Climate change
Transition Risks
  • Regulatory changes
  • Energy costs
Opportunities
  • Development of energy-efficient products
  • Energy transition

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 14001 (50% of production sites), ISO 9001 (75% of production sites), ISO 50001 (one industrial site in France)

Third-party Assurance: EY & Associés

Sustainable Products & Innovation

  • Eco-designed products
  • Energy-efficient products
  • Modular and repairable products
  • Connected products

Awards & Recognition

  • EcoVadis rating of 73/100
  • Top Employer certification
  • Brandon Hall Excellence Award (Bronze)