Climate Change Data

Gonvarri Corporación Financiera, S.L.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:33,612 tCO2e
Scope 1 Emissions:19,270 tCO2e
Scope 2 Emissions:14,342 tCO2e
Renewable Energy Share:68%
Total Energy Consumption:231,620 MWh
Water Consumption:283,000 m3
Waste Generated:358 kt (non-hazardous)
Carbon Intensity:6 kgCO2 / t delivered

ESG Focus Areas

  • Decarbonization
  • Circularity
  • Health and Safety
  • Community Investment
  • Ethics and Compliance

Environmental Achievements

  • 68% of electricity consumption from renewable sources
  • Recyclable waste: 99%
  • 89% of factories are ISO 14001 certified
  • Reduction in GHG emissions (Scope 1 and 2) by 13% compared to 2022
  • Contributed to indirectly avoiding a total of 502,803 tonnes of CO2 in 2023 through solar structures

Social Achievements

  • 83% of professionals covered by ISO 45001 certification
  • 191,792 training hours (+12% compared to 2022)
  • 7 community impact projects benefiting more than 128,500 people
  • Implementation of the SuccessFactors tool for talent management
  • Women of Steel program increased female workforce to 16% in 2023

Governance Achievements

  • Implementation of the new Supplier Code of Conduct in 2023
  • EcoVadis Silver medal recognition (top 15% globally responsible companies)
  • CDP B rating for climate change impact management
  • Approval of the “Carbon Neutral 2030/50 Strategic Plan”
  • Implementation of the Compliance Model

Climate Goals & Targets

Long-term Goals:
  • Carbon Neutral by 2050
Medium-term Goals:
  • Carbon Neutral target of 2 = 0 in 2030
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Increasing uncertainty, complexity, and volatility in the market
  • Rising energy prices and inflation
  • Supply chain disruptions
  • Cyber threats
  • Complex and demanding regulatory requirements
Mitigation Strategies
  • Diversification strategy
  • Continuous improvement and innovation
  • Risk management mechanisms
  • Compliance Model
  • Investment in new technologies and renewable energy
  • Financial currency hedging and insurance

Supply Chain Management

Supplier Audits: 100% of suppliers received the Supplier Code of Ethics and Conduct

Responsible Procurement
  • Supplier Code of Ethics and Conduct
  • Corporate Policy on Conflict Minerals

Climate-Related Risks & Opportunities

Physical Risks
  • Temperature variations
  • Drought
  • Floods
  • Heat waves
  • Heavy precipitation
  • Forest fires
Transition Risks
  • Regulatory changes
  • Market shifts
Opportunities
  • Development of energy-efficient products and services
  • Growth in renewable energy sector

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 14001, ISO 45001, ISO 9001, IATF 16949

Third-party Assurance: Ernst & Young, S.L.

UN Sustainable Development Goals

  • Goal 3 (Good Health and Well-being)
  • Goal 7 (Affordable and Clean Energy)
  • Goal 9 (Industry, Innovation and Infrastructure)
  • Goal 13 (Climate Action)

Initiatives contribute to these goals through various programs and strategies

Sustainable Products & Innovation

  • Solteco Barrier (made from plastic waste)
  • TracSmarT+ family of trackers
  • RackSmarT fixed structures

Awards & Recognition

  • EcoVadis Silver medal
  • CDP B rating