Somec S.p.A.

Climate Impact & Sustainability Data (2023)

Total Carbon Emissions:3186.4 tCO2e (location based) / 2887.0 tCO2e (market based)

Scope 1 Emissions:1584.2 tCO2e

Scope 2 Emissions:1602.2 tCO2e (location based) / 1302.8 tCO2e (market based)

Renewable Energy Share:45.6%

Total Energy Consumption:43.722,85 GJ

Water Consumption:17,388 m3

Waste Generated:2.554,54 tons

Completed the project for the creation of the GHG Scope 3 emissions inventory (limited to some Group companies and relating to FY 2022).
Obtained ISO 14001 certification for Oxin.
Budri started the process for ISO 14001 certification.
Energy savings of 36,794 MJ due to energy-saving initiatives.
45.6% of electricity purchased and consumed by Group companies is covered by Guarantees of Origin.
Inoxtrend produced 38,531 kWh of electricity from its photovoltaic plant (20% sold back to the grid).
Budri's photovoltaic plant generated 16,556 kWh of electricity.
Reduction in diesel fuel consumption by 5.3% and gasoline consumption by 23.1% (at constant perimeter).

Exceeded 1000 employees.
Implemented actions to promote and extend company values and culture to newly acquired companies.
Participated in job fairs and career days.
Welcomed interns and trainees.
Improved employee retention.
Increased training hours by 2076 hours (34.7% increase compared to 2022).
Organized events for female employees focused on health prevention.
Implemented ESG objectives for CEOs and strategic managers in variable incentive plans.

Second year of activity of the internal Board Committee for Risk Control and Sustainability.
Implemented a Group Code of Ethics.
Approved and published a fifth Group policy on human rights.
Extended the 231 Model to Gico, Budri, Gino Ceolin, Mestieri, Skillmax, Skillbuild, and Lamp Arredo.
No cases of non-compliance with laws and regulations or corruption were found.

Long-term Goals:

Medium-term Goals:

Short-term Goals:

Strong uncertainty in the international economic context due to geopolitical tensions and inflation.
Increased interest rates and greater caution in investments.
Difficulty in finding resources with specific skills.
High turnover and difficulty in recruiting.
Heterogeneous practices and procedures across Group companies.
Risks related to climate change impacts.
Risks related to the management of people and local communities.
Risks related to the management of environmental impacts.
Risks related to the management of materials and the supply chain.

Listening to the needs of internal and external stakeholders.
Increased stakeholder engagement.
Development of a sustainability industrial plan.
Establishment of an ESG Executive Committee.
Implementation of environmental and social KPIs for strategic managers.
Progressive consolidation and standardization of health and safety practices.
Implementation of measures to mitigate and prevent risks identified in the DVRs (or documents of similar nature and purpose) of the subsidiaries.
Provision of appropriate PPE.
Investments to preserve the safety of people and equipment.
Centralization of the management of the company car fleet.
Initiatives to reduce energy consumption and GHG emissions.
Implementation of a waste management plan.
Efforts to improve logistics and transportation.
Development of a common management system for most of the Group.
Implementation of green procurement actions.
Obtaining new certifications (ISO 9001 for Mestieri and ISO 14001 for Budri).

Frameworks Used: GRI Standards

Certifications: ISO 14001 (Somec, Oxin, Bluesteel), ISO 45001 (Somec, Fabbrica Works, Bluesteel)

Third-party Assurance: EY S.p.A.