FIERA MILANO S.P.A.
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:16,388 tCO2e/year
Scope 1 Emissions:783 tCO2e/year
Scope 2 Emissions:15,605 tCO2e/year (market-based)
Scope 3 Emissions:Not disclosed
Renewable Energy Share:38%
Total Energy Consumption:Not disclosed
Water Consumption:2,040,120 m3/year
Waste Generated:8,406 tons/year
Carbon Intensity:Not disclosed
ESG Focus Areas
- Health and safety
- Corporate governance
- Customer experience
- Environmental impact
- Decarbonisation of events
- Human resources
- Diversity & Inclusion
Environmental Achievements
- Reduced GHG emissions by 22% compared to 2019 (16,388 tCO2e in 2022)
- Increased renewable energy share to 38% of total energy use
- Achieved first carbon-neutral event (Homi Fashion&Jewels)
- Installed 8.2 MWp photovoltaic system
Social Achievements
- Increased employee training hours by 80% compared to 2020 (9,323 hours in 2022)
- Launched the “2022–2024 HR and Organisation Action Plan”
- Introduced the role of Diversity & Inclusion Manager
- Increased female representation in the workforce to 57%
- Implemented employee welfare plan with 100% coverage
Governance Achievements
- Formal adoption of the Corporate Governance Code
- Launched the Sustainability Ambassadors network
- Structured a new three-year Long Term Incentive Plan (LTI) with 20% linked to sustainability targets
- Achieved a Sustainalytics ESG rating of 16.9 (Low Risk)
- Obtained ISO 20121 certification for BIT exhibition
Climate Goals & Targets
Long-term Goals:
- Net zero GHG emissions by 2050
Medium-term Goals:
- Increase renewable energy share to 50% by 2025
- Obtain ISO 45001 and ISO 14001 certifications
Short-term Goals:
- Not disclosed
Environmental Challenges
- Extreme weather events and natural disasters
- Greenhouse gas emissions
- Waste management (abandonment of waste by third parties)
- Market demands for sustainability certification
- Non-adherence to personal data protection legislation
- Cyber security risks
- Employee engagement and satisfaction
- Dependence on key personnel
- Risks related to the legal framework on health and safety
- Risks associated with undeclared labour
- Risks related to business ethics and integrity in the supply chain
Mitigation Strategies
- Business Continuity Management framework
- Maintenance work on exhibition facilities
- Insurance coverage (PDBI, liability, cyber)
- Photovoltaic system installation and expansion
- 100% renewable electricity for Allianz-MiCo
- Organisational, procedural, and insurance measures for emissions
- Waste management operating plan
- Waste Manager role
- Waste management guidelines
- Civil liability insurance for pollution
- Structured sustainability framework
- LEED certifications
- ISO certifications
- Data breach procedure
- DPO appointment
- Personal data protection policy
- GDPR training
- IT security policies and procedures
- Data protection, email protection, endpoint detection, network protection, mobile protection, IAM solutions
- New Data Center with geographical redundancy
- SOC and MDR services
- Cyber Threat Intelligence service
- Collaboration with CNAIPIC
- Business Continuity Management (BCM) framework
- Cybersecurity training
- Cyber risk insurance
- Annual engagement survey
- HR plan with development plans and reward policies
- Agile work scheme
- Leadership Community project
- LTI incentive plan
- Scuola dei Mestieri (Trade School)
- Monitoring supplier selection process
- Risk Assessment Report (DUVRI)
- Updated 231 Model
- Health, Safety and Environment Action Plan (PASSA)
- Technical Regulations for Exhibitions
- Memorandum of understanding on occupational safety
- Procurement procedure, reputational assessment, technical-economic qualification
- Code of Ethics and policies to prevent illegal employment
- 231 Model (special sections on employment offences)
- Accreditation and access control
- On-site supervision
- Contractual provisions (integrity pact, etc.)
- Memorandum of understanding on worker protection
Supply Chain Management
Supplier Audits: 649 reputational checks in 2022; 80% of procurement value contracted included ESG elements
Responsible Procurement
- Supplier Register with technical, financial, and reputational assessments
- ESG criteria in supplier selection (aiming for 75% coverage by 2025)
- Green Procurement Procedure
- Integrity Pact
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
Transition Risks
- Market demands for sustainability certification
Opportunities
- Development of energy-efficient products and services
Reporting Standards
Frameworks Used: GRI Standards, TCFD guidelines
Certifications: ISO 9001:2015, ISO 20121:2013, LEED Gold (Allianz-MiCo), Healthy Venue Gold (Allianz-MiCo)
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Wèp panels from recycled carpet
Awards & Recognition
- Sustainalytics ESG rating
- ET.Group Integrated Governance Index
- Credit Suisse Sustainability Award
- UFI Sustainable Development Award (finalist)