Climate Change Data

Cerved Group S.p.A.

Climate Impact & Sustainability Data (2021, 2022)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:775.59 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:775.59 tCO2e/year
Scope 2 Emissions:351.49 tCO2e/year
Scope 3 Emissions:1,398.99 tCO2e/year
Renewable Energy Share:98%
Total Energy Consumption:34,146.01 GJ/year
Water Consumption:1,047.00 l/year
Waste Generated:13.19 tons/year
Carbon Intensity:2.22 tCO2/€mln

ESG Focus Areas

  • Governance and risk management
  • Ethics and anti-corruption
  • Privacy, security and integrity of information
  • Sound and sustainable economic and financial performance
  • Employee engagement and well-being
  • Growth of human capital
  • Diversity and inclusion
  • Employee health and safety
  • Reliable, independent and accurate data for the national economy
  • Product innovation, development and quality
  • Business continuity
  • Customer centricity
  • Responsible value chain
  • Closeness to local communities
  • Relations with institutions
  • Climate change

Environmental Achievements

  • Reduced CO2 emissions by 31%
  • Increased electricity from renewable sources to 98.2%
  • Reduced energy consumption by 9%

Social Achievements

  • Certified as a Great Place to Work with a company Trust Index of 70%
  • Increased average number of training hours per employee to 22 hours
  • Increased percentage of women in managerial positions to 48% (new hires)

Governance Achievements

  • Obtained ISO 37001 anti-bribery certification
  • 100% of processes assessed for anti-corruption
  • Executive Compensation Linked To ESG: Yes

Climate Goals & Targets

Short-term Goals:
  • Reduce water consumption
  • Achieve 100% renewable energy by 2023
  • Purchase only cars with emissions below 130 gCO2/km by 2023

Environmental Challenges

  • Geopolitical instability in Europe, particularly the conflict between Russia and Ukraine, potentially impacting customers and macroeconomic conditions.
  • Lack of ESG data, particularly on SMEs.
Mitigation Strategies
  • Monitoring contracts and transactions with counterparties in bordering countries.
  • Sharpened focus and ramped up monitoring on cybersecurity.
  • Developed AI and NLP algorithms to collect alternative ESG data from open and web sources.

Supply Chain Management

Supplier Audits: 100% of suppliers with revenues exceeding €300,000 in 2020 underwent ESG assessment.

Responsible Procurement
  • ESG screening of suppliers
  • Compliance with workers' rights

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
  • Gradual changes in climate conditions
Transition Risks
  • Regulatory changes
  • Market shifts
Opportunities
  • Development of energy-efficient products and services
  • Creation of new markets in sustainable finance

Reporting Standards

Frameworks Used: GRI Standards – Core option

Certifications: ISO 37001, ISO 22301, ISO 9001:2015, ISO 27001:2017

Third-party Assurance: PricewaterhouseCoopers S.p.A. (Limited Assurance)

Sustainable Products & Innovation

  • ESG rating and assessment services
  • Climate transition risk and physical risk scores

Awards & Recognition

  • Among the top 100 sustainable companies in Italy

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:1,900.78 tCO2e/year (Scope 1 & 2 Market-based)
Scope 1 Emissions:1,040.38 tCO2e/year
Scope 2 Emissions:369.95 tCO2e/year (Market-based)
Scope 3 Emissions:Not disclosed
Renewable Energy Share:99%
Total Energy Consumption:41,680.59 GJ/year
Water Consumption:775.59 m3/year
Waste Generated:13.98 tons/year
Carbon Intensity:0.37 tCO2e per employee (isoperimetric)

ESG Focus Areas

  • Responsible governance
  • Anti-corruption
  • Privacy, security and integrity of information
  • Employee engagement and well-being
  • Talent growth
  • Diversity and inclusion
  • Employee health and safety
  • Data reliability
  • Innovation and digitalisation
  • Customer centrality
  • Responsible supplier management
  • Support for socio-economic growth throughout the country
  • Direct environmental impacts

Environmental Achievements

  • Avoided the emission of approximately 1,168 t CO2 eq., thanks to renewable energy consumption.
  • Renewed the car fleet with vehicles emitting <130 gCO2/km (126.31 gCO2/km achieved)
  • Achieved 99% direct purchases of electricity from renewable sources (target 100%)
  • Obtained ISO 14064-1 certification for GHG emission quantification and reporting.

Social Achievements

  • Launched the new Community of Practice for Sustainability.
  • Provided around 62 thousand hours of training (22 hours per employee average).
  • Launched the second edition of the Women Empowerment course.
  • Maintained high customer satisfaction scores (above 90%).
  • Implemented the Smart Alliance initiative to improve workplace relations.
  • Offered psychological support service to all employees through a partnership with Mindwork.

Governance Achievements

  • Updated the Code of Ethics with a special focus on environmental protection, conflict of interest prevention, intellectual property protection, anti-corruption, fraud prevention, diversity, and respect.
  • Updated the Organisation, Management and Control Model (“Model 231”) for eight Group companies and adopted it for two companies for the first time.
  • Implemented an Anti-Corruption Management System and obtained ISO 37001:2016 certification.
  • Implemented a multi-channel Whistleblowing Management System.
  • Obtained ISO 45001 health and safety certification for Cerved Group S.p.A.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Instances of corruption
  • Human capital risk (talent engagement)
  • Risk of maintenance of skills
  • Risk of non-compliance with health and safety legislation
  • Risk of violation of cyber security
  • Supply risks
  • Relational risks (failure to account for institutional expectations)
  • Environmental risks (ineffective monitoring of energy consumption and emissions)
Mitigation Strategies
  • Implementation of an Anti-Corruption Management System certified according to ISO 37001:2016.
  • Preparation of employee engagement programs (benefits, work-life balance, flexible working hours, smart working).
  • Intensification of training activities and learning opportunities.
  • Management of risks through organizational measures compliant with Italian Legislative Decree no. 81/2008.
  • Adoption of an information security management system in line with UNI CEI ISO/IEC 27001:2017.
  • Continuous monitoring of supplier activities regarding worker rights.
  • Constant and structured dialogue with institutions; creation of value-generating partnerships.
  • Gradual implementation of a system for monitoring energy consumption and emissions; adoption of climate change mitigation measures.

Supply Chain Management

Supplier Audits: ESG assessment of suppliers exceeding €500,000 in purchases.

Responsible Procurement
  • Sustainable Purchasing Policy, ESG assessment of critical suppliers.

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events, unavailability of premises
Transition Risks
  • Negligible
Opportunities
  • Development of sustainable finance products

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 37001:2016, ISO 45001, ISO 14064-1

Third-party Assurance: BDO Italia S.p.A.

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • ESG rating and assessment services, Greenomy partnership

Awards & Recognition

  • Sustainability Award for TOP 100 ESG Score