Climate Change Data

Environmental Metrics

ESG Focus Areas

• Clean energy production
• Energy efficiency
• Waste heat recovery

Environmental Achievements

• Accelerated rollout of ORC technology for waste heat recovery, contributing to decarbonized electricity production

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: EthiFinance (Advanced level)

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• ORC modules

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Energy Transition
• Decarbonization
• CSR

Environmental Achievements

• Increased revenue by 53% year-on-year, indicating growth in decarbonized electricity production.
• Successful completion of a contract for 40 ORC modules for an anaerobic digestion site in Germany, contributing to waste heat recovery and reduced emissions.

Social Achievements

• Strong commitment to CSR, rated “Advanced” by EthiFinance.
• Employs around 50 people involved in the design, production and marketing of environmentally friendly technological solutions.

Governance Achievements

• Strengthening of governance with investments by two seasoned entrepreneurs, Éric Blanc-Garin and Yazid Sabeg, both of whom now sit on the Board of Directors.
• Successful bond placement via the LITA.co crowdfunding platform, which selects companies committed to environmental and social transition.

Climate Goals & Targets

Environmental Challenges

• Negative EBITDA in 2023, although breakeven in the second half.

Mitigation Strategies

• Implementation of a three-pillar operational efficiency plan: reorganisation, reduction in fixed costs, increase in gross margins. This resulted in a much smaller loss than in 2022 and breakeven EBITDA in the second half of 2023.

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• ORC modules for heat-to-electricity conversion

Environmental Metrics

ESG Focus Areas

• Energy Transition
• Decarbonization
• Sustainable Development

Environmental Achievements

• Signed a ten-year contract for electricity sales and maintenance services with an agricultural grouping in Normandy, covering the recovery of waste heat from an anaerobic digestion plant.
• Selected as part of a consortium to supply a turbomachine for sequestering ship exhaust gases, contributing to decarbonization of the maritime sector.
• Commissioned 10 ORC modules in August 2023 in Germany's largest anaerobic digestion plant, with delivery of 30 more scheduled for the second half of 2023.

Social Achievements

• Launched an operational efficiency plan including team reorganization and refocusing of the turbomachinery business on service provision.
• Achieved €1 million in annual savings in the first half of 2023 through headcount adjustments, overhead reduction, and marketing cost optimization.
• Improved gross margin on ORC projects through longer series production, product re-engineering, and supplier negotiations.

Governance Achievements

• Strengthened financial structure through a €4.6 million capital increase, attracting two strategic investors and new board members with expertise in the field.

Climate Goals & Targets

Environmental Challenges

• Need to improve profitability and achieve breakeven point.

Mitigation Strategies

• Implemented a three-pillar operational efficiency plan focusing on team reorganization, fixed expense reduction, and gross margin improvement.

Supply Chain Management

Climate-Related Risks & Opportunities

UN Sustainable Development Goals

• SDG 7 (Affordable and Clean Energy)
• SDG 9 (Industry, Innovation and Infrastructure)
• SDG 13 (Climate Action)

ENOGIA's technologies contribute to renewable energy production, efficient energy use, and decarbonization efforts.

Sustainable Products & Innovation

• ORC modules
• Air compressors for Hydrogen Fuel Cells