Climate Change Data

Loulis Food Ingredients

Climate Impact & Sustainability Data (2017, 2023)

Reporting Period: 2017

Environmental Metrics

Total Carbon Emissions:26,523 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:26,523 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:86,807,873 KWh/year
Water Consumption:Not disclosed
Waste Generated:0 tons/year
Carbon Intensity:0.107 tCO2e/ton of product (2017)

ESG Focus Areas

  • Environmental protection
  • Social contribution
  • Economic development
  • Product quality and safety
  • Employee well-being
  • Sustainable procurement

Environmental Achievements

  • Implementation of a marine anti-pollution certified plan
  • Ongoing staff training and drills on environmental issues
  • Zero waste of any type due to recycling
  • Investments and implementation of practices to reduce energy consumption
  • Reduced energy consumption for production purposes by 1.5%
  • Reduced total CO2 emissions by 1.5%
  • Reduced CO2 emissions per ton of product by 1%

Social Achievements

  • Strengthened quality assurance and quality control departments with new members
  • Zero incidents of non-compliance with health and safety regulations concerning product usage and labelling
  • Continued operation of the Greek Bakery School
  • Support to 197 NGOs
  • Company-provided group medical care scheme
  • 4,111 training hours for Loulis Mills employees
  • Organization of a volunteering week and voluntary blood donation
  • Loulis Museum: 4,500 visitors
  • New training programme on food waste and diet

Governance Achievements

  • Adherence to corporate governance standards specified in the Corporate Governance Code adopted by the Hellenic Federation of Enterprises (SEV)
  • Establishment of a new Board of Directors and Audit Committee

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Expand to foreign markets
  • Establish scholarships
  • Measure environmental footprint
  • Implement paperless plant model
  • Promote corporate responsibility in the supply chain
  • Raise awareness of dietary, environmental, and food waste issues among 5,000+ children annually
Short-term Goals:
  • Train 10% of customers annually
  • Develop new products
  • Systematize volunteering programs
  • Complete Museum reorganization
  • Donate 60 tons of flour annually to local communities

Environmental Challenges

  • Adverse conditions of the Greek economy
  • Climate change affecting crops and raw material prices
  • Fluctuations in financial markets
Mitigation Strategies
  • Adjusting raw material stock levels
  • Hedging through commodity derivatives exchanges
  • Overall risk management plan focusing on financial market fluctuations

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Careful selection of suppliers
  • Contract farming program supporting Greek producers
  • High raw material specifications
  • Rigorous procurement controls

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather conditions affecting crops
Transition Risks
  • Fluctuations in grain prices due to climate change impacts on crops
Opportunities
  • Production of high-quality, environmentally friendly products
  • Marketing of high nutritional value products

Reporting Standards

Frameworks Used: GRI Standards, Food Processing Sector Supplement - GRI, ISO 26000, UN Global Compact

Certifications: ISO 14001, ISO 9001, BRC - Global Standard for Food and Safety, IFS Food, ISO 22000, HALAL, KOSHER, Greek Milling label

Third-party Assurance: TÜV HELLAS (TÜV NORD) S.A.

UN Sustainable Development Goals

  • Not disclosed

Contribution to several SDGs through various initiatives

Sustainable Products & Innovation

  • Organic products
  • Emmer wheat products
  • Spelt wheat products
  • Oat, barley, and rye products
  • Gluten-free flours
  • Easy Bake smart mixes

Awards & Recognition

  • Brands with History award
  • Top Product Award 2017 by Zampple
  • Athens Chamber of Commerce & Industry award
  • ICAP Group “TRUE LEADERS” Award
  • Award by “Together for Children”
  • Bravo Sustainability Awards

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:14,474.20 t CO2 eq (Scope 1 & 2)
Scope 1 Emissions:1.399,49 t CO2e
Scope 2 Emissions:13.074,72 t CO2e (location-based), 9.943,30 t CO2e (market-based)
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:113.314,87 GJ
Water Consumption:7.641.400,00 m3
Waste Generated:818.98 tons
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate change
  • Circular economy
  • Human resources
  • Local communities
  • Consumers and end users
  • Business conduct

Environmental Achievements

  • Installation of solar panels at Thiva and Mandra plants, now fully powered by renewable energy.
  • Replacement of old forklift trucks with new electric ones.
  • Investment in new, more environment-friendly engineering technologies.
  • Participation in the "In the Loop" platform for recycling plastic waste.

Social Achievements

  • Provided support to flood victims in Thessaly, wildfire victims in Magnisia, and earthquake victims in Turkey and Syria.
  • Trained a special emergency team.
  • Increased employee training hours by 61% compared to 2022.
  • Increased human resources by 2%.

Governance Achievements

  • Reinforced ESG strategy considering six material issues.
  • 0 incidents of non-compliance with legal and regulatory requirements in financial, environmental, labour and social matters.
  • 0 incidents of cyber-attacks.
  • 0 incidents of corruption and bribery.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Achieve carbon neutrality.
  • Further reduce waste generated by production activities.
  • Rationally use natural resources.
Short-term Goals:
  • Implement a paper elimination model in Sourpi production departments.
  • Zero liquid waste during the production process.
  • Manage and recycle 100% of solid waste.
  • Reduce pollutant emissions per ton of processed raw material by 2%.

Environmental Challenges

  • Impact of climate change (storm Daniel, wildfires).
  • Uncertainty in domestic and global markets due to geopolitical tensions.
  • Adverse macroeconomic environment (high inflation, interest rates).
  • Significant instability in wheat and energy markets.
  • Increasingly complex legislative framework on sustainability.
Mitigation Strategies
  • Stockpiling and insuring raw materials.
  • Improving operating costs to achieve higher profitability.
  • Investing in energy upgrades (solar panels, electric vehicles).
  • Developing alternative sourcing strategies (diversifying grain suppliers).

Supply Chain Management

Supplier Audits: Partial supplier audits through Synesgy questionnaire.

Responsible Procurement
  • Use of certified raw materials and recyclable packaging materials.
  • Supplier declarations on crop year and pesticide use.
  • On-site farm inspections.
  • Suppliers Code of Conduct.

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather conditions (floods, wildfires) impacting crop yields and raw material availability.
Transition Risks
  • Regulatory changes, market shifts.
Opportunities
  • Development of energy-efficient products and processes.

Reporting Standards

Frameworks Used: GRI Standards (2021), Athens Exchange ESG Reporting Guide (2024 version)

Certifications: ISO 14001, ISO 9001, FSSC 22000, KOSHER, HALAL, ISO 14064, IFS Food, ISO 22000

Third-party Assurance: TÜV AUSTRIA Hellas

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Vegan Easy Bake products
  • Low glycemic index bread mix
  • Gluten-free flour mix

Awards & Recognition

  • Golden Awards in Healthy & Bio Food Awards 2023
  • Gold and Platinum Award in Green Brand Awards 2023
  • 5th in the World Baking Competition "The IBA Cap of Bakers 2023"
  • LOULIS MEL – BULGARIA S.A. as the Innovative Company of 2023