Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Reduced water consumption from 16 mc per tonne produced in 2022 to 7 mc per tonne in 2023 (88% reduction from 2021)
• Reduced energy consumption by 35% in the last three years.
• Saved over 300 tCO2eq thanks to energy efficiency measures.
• 20% reduction in waste produced compared to 2022.
• New PV system planned for 2024 to cover 35% of energy needs with renewable sources.
• ISO 14001 certification

Social Achievements

• 0 work-related injuries in 2022 and 2023.
• Miroglio Kindergarten available to daughters and sons of employees.
• ISO 45001 certification
• Employee turnover decreased by 3.7% in the three-year period 2021-2023.
• More than 2000 hours of training, 94% dedicated to IT skills.
• 100% of employees hired on permanent contracts.
• 100% of employees with access to corporate welfare.

Governance Achievements

• Group Code of Ethics implemented.
• 8 product quality and/or sustainability certifications.
• ISO 9001 certification.
• Implementation of an Organization, Management and Control Model (MOG231/01) in accordance with Legislative Decree 231/2001.

Climate Goals & Targets

Environmental Challenges

• Substantial use of virgin paper for production, potentially contributing to deforestation.
• Dependence on fossil fuels exposing Sublitex to the risk of potential market fluctuations in the supply costs of energy carriers.
• Potential increase in greenhouse gas (GHG) emissions.
• Lack of requirements to access various certifications and to comply with customer requirements.
• Risk of injuries or accidents at work.
• Failure to meet emission reduction targets.
• Image damage in case of copyright matters.
• Failure to value diversity and inclusion issues.
• Difficulty in maintaining market position.
• Inadequate trained staff.
• Strict European climate change regulations potentially leading to increased supply chain costs.
• Data breach (loss of data).
• Unfavorable contingent economic and market situation.
• Potential increase in energy supply costs.
• Staff turnover.
• Explosion risk due to the use of solvents in the production process.

Mitigation Strategies

• Use of FSC-certified paper.
• Implementation of an energy efficiency plan including measures like installation of Energy Management Software, nighttime shutdown of certain plants, gradual reduction of operating temperatures for boilers, optimization of fume extraction systems, and reduction of air conditioning systems.
• Investment in a photovoltaic system (860 kWp) to self-produce about a third of its electricity consumption.
• Waste reduction projects.
• Miroglio Group providing Sublitex employees with a corporate kindergarten.
• Ongoing training to its people through a structured plan consisting in uploading new content on an online platform every two months.
• Strengthening backup and security systems.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Targeting suppliers who share and sign the company's code of ethics.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Strict European regulations

Opportunities

• Industry-relevant technological innovations

Reporting Standards

Frameworks Used: GRI (Global Reporting Initiative)

Certifications: ISO 14001, ISO 45001, ISO 9001, Global Recycle Standard (GRS), OEKO-TEX Standard 100

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Water-free printing processes; fabrics printed with transfer technology from completely waterless recycled polyester and natural fibres; Urban collection.

Awards & Recognition

• Not disclosed