Climate Change Data

Audax Renovables, S.A. and Subsidiaries

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:351.58 tCO2e (Scope 1 & 2)
Scope 1 Emissions:303.7 tCO2e
Scope 2 Emissions:47.88 tCO2e
Scope 3 Emissions:Not disclosed
Renewable Energy Share:94% (electricity)
Total Energy Consumption:2,331.69 MWh
Water Consumption:2,423.32 m3
Waste Generated:65.54 tons (paper & cardboard) + other hazardous and non-hazardous waste (see report for details)
Carbon Intensity:0.01 kg eq CO2 per revenue

ESG Focus Areas

  • Climate change and decarbonization
  • Energy transition
  • Biodiversity and ecosystems
  • Workplace well-being and talent retention
  • Diversity, equality and just remuneration
  • Local communities
  • Affordable energy
  • Customer service
  • Supply chain
  • Corporate culture
  • Ethical and responsible leadership
  • Innovation and new technologies
  • Green finance
  • Internal and external communication
  • Legal compliance and risk management
  • Financial management and long-term strategy

Environmental Achievements

  • Improved greenhouse gas inventory including emissions from vehicle fleet for the first time.
  • Reforestation of 47.30 hectares by planting more than 10,000 trees and shrubs.

Social Achievements

  • Updated employee performance assessment model.
  • Updated equality plan.
  • Extended donation campaign.

Governance Achievements

  • Approved Sustainability Strategic Plan 2023-2025.
  • Implemented updated version of the Code of Ethics.
  • Implemented policy of the Internal Information System.

Climate Goals & Targets

Long-term Goals:
  • Achieve climate neutrality by 2050.
Medium-term Goals:
  • Increase renewable energy project portfolio by 2025.
  • Achieve climate neutrality by 2050.
Short-term Goals:
  • Improve ESG performance and positioning in ESG ratings (Sustainability Strategic Plan 2023-2025).

Environmental Challenges

  • Talent shortage in the sector.
  • Climate change impacts on assets (extreme heat, water stress, fire damage).
  • Recycling challenges in the renewable energy sector.
Mitigation Strategies
  • Implementing dry-cleaning processes for photovoltaic panels.
  • Installing rainwater harvesting systems.
  • Improving fire prevention systems.
  • Installing cooling systems to improve photovoltaic panel efficiency.
  • Collaborating with companies developing recycling technologies (e.g., Vestas).
  • Developing a decarbonization strategy to achieve climate neutrality by 2050.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Code of Ethics and Conduct for Suppliers.

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme heat
  • Water stress
  • Forest fires
Transition Risks
  • Not disclosed
Opportunities
  • Growth in renewable energy sector.

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 14001 (Hungarian subsidiary), ISO 50001 (Unieléctrica, Spanish subsidiary)

Third-party Assurance: Deloitte, S.L.

UN Sustainable Development Goals

  • SDG 7
  • SDG 9
  • SDG 12
  • SDG 13
  • SDG 15
  • SDG 5
  • SDG 8
  • SDG 10
  • SDG 17
  • SDG 16

See report for details on how initiatives contribute to each SDG.

Sustainable Products & Innovation

  • Renewable energy generation (wind and solar).

Awards & Recognition

  • Not disclosed