Climate Change Data

Environmental Metrics

ESG Focus Areas

• Circular Economy
• Energy Efficiency
• Human Resources
• Supply Chain Management
• Anti-corruption
• Workplace Health and Safety
• Waste Management

Environmental Achievements

• Installed a photovoltaic system with a peak power of 320 kWp across two production sites.
• Reduced total waste collected by 5% compared to 2018 (690 tons in 2019).
• Recycled 93% of non-hazardous waste (529 tons).

Social Achievements

• Increased employee count by 5.5% to 1101 employees.
• Organized 9,107 training hours (average 10 hours per employee).
• Implemented a welfare plan including flexible working hours and wellness initiatives.
• Achieved a 76% response rate in a Great Place to Work Institute Italia survey.

Governance Achievements

• Implemented an Organization, Management and Control Model (Model 231) in compliance with Legislative Decree No. 231/2001.
• Adopted an Ethics Code.
• Obtained ISO 14001:2015 and ISO 45001:2018 certifications.

Climate Goals & Targets

Environmental Challenges

• Potential non-compliance with environmental regulations and risk of losing ISO 14001 certification.
• Risk of inadequate management of research and development, leading to loss of market competitiveness.
• Risk of supply chain non-compliance with quality standards and regulations.
• Risk of personnel management failures and lack of respect for ethical and diversity principles.

Mitigation Strategies

• Commitment to full compliance with environmental legislation and maintaining an adequate environmental management and control system.
• Investment in research and development and training new talent, focusing on recycled plastic use.
• Establishment of long-lasting relationships with suppliers based on trust, selection, and analysis.
• Adoption of an Ethics Code and Model 231, continuous dialogue with trade unions, and application of collective agreements.

Supply Chain Management

Responsible Procurement

• Supplier selection based on certified criteria, preliminary company analysis, and trust.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards (2016)

Certifications: ISO 9001:2015 (Piovan S.p.A., Aquatech S.r.l., Penta S.r.l.), ISO 14001:2015 (Piovan S.p.A.), ISO 45001:2018 (Piovan S.p.A.)

Third-party Assurance: BDO Italia S.p.A. (limited assurance)

Sustainable Products & Innovation

• Dehumidification system for 100% recycled bottles
• Material traceability system (MTS)

Environmental Metrics

ESG Focus Areas

• Circular Economy
• Energy Efficiency
• Employee Well-being
• Supply Chain Management
• Governance

Environmental Achievements

• Reduced total waste collected by 7% compared to 2019 (780 tons vs 840 tons)
• Reduced hazardous waste by 15% compared to 2019
• 76% of non-hazardous waste recycled in 2020 (490 tons)
• Generated 106 MWh of energy from photovoltaic sources

Social Achievements

• Increased workforce by 4.3% to 1148 employees
• 11,706 training hours provided (average 10.2 hours per employee)
• Implemented a welfare plan including flexible working hours and wellness initiatives
• Reduced recordable workplace injuries from 16 to 13

Governance Achievements

• Implemented an Organization, Management and Control Model (Model 231) to prevent offences
• Adopted an Ethics Code
• Established a Diversity Policy

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to the COVID-19 pandemic
• Variability of recycled raw materials in circular economy solutions
• Potential non-compliance with environmental regulations
• Potential loss of ISO 14001 and ISO 45001 certifications

Mitigation Strategies

• Implemented a COVID-19 committee and corporate health protocol
• Developed technologies for processing recycled materials (GenesysNext, Inspecta, Winfactory 4.0)
• Certified environmental management system (ISO 14001:2015)
• Certified occupational health and safety management system (ISO 45001:2018)
• Continuous monitoring of supplier performance

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier selection based on certified and shared criteria
• Continuous monitoring of supplier performance

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Changes to European legislation on plastics

Opportunities

• Development of technologies for recycled plastics

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 14001:2015, ISO 45001:2018, ISO 9001:2015 (Piovan S.p.A., Aquatech S.r.l., Penta S.r.l.)

Third-party Assurance: BDO Italia SpA (limited assurance)

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• GenesysNext dehumidifier
• Inspecta NIAS detector
• Winfactory 4.0 monitoring system

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Significant increase in self-generated energy (+49%) compared to 2020
• 85% of Piovan products entirely recyclable
• Reduced quantity of hazardous waste treated in 2021 compared to 2020 (-6%)
• In 2021, thanks to Energys, the Piovan Group helped reduce its CO2 emissions by a volume equivalent to the amount of carbon absorbed by 2,276 acres of forest in a year

Social Achievements

• +7.7% of female employees compared to 2020, with a total employee increase of 4.2%
• +62% training compared to 2020
• 23.4% injury rate reduction compared to 2020
• Foundation of the Group Academy

Governance Achievements

• 57% of the members of the Board of Directors are independent
• 29% of the members of the Board of Directors are female
• In 2021, the “Shareholder Communication Policy” was approved, which seeks to promote an open and ongoing dialogue with shareholders and the financial community.

Climate Goals & Targets

Environmental Challenges

• Lack of resources
• Environmental pollution
• Potential non-compliance with locally applicable regulations; potential loss of ISO 14001 certification.
• Risk of unauthorized publication by employees of confidential material acquired at customer premises
• Non-compliance of the supply chain with the Group's quality standards.
• Non-compliance of the supply chain with regulations regarding work, security and health and safety.
• Defective raw materials and/or components, and/or delivery times not respected.
• Lack of stakeholder trust.
• Inadequate management of research and development activities with potential loss of competitive edge and market attractiveness.
• Risk of losing qualified local suppliers and customers.
• Not creating value for stakeholders.
• Damage to reputation.
• Deterioration of relations with tax authorities.
• Risk of fraud and/or illegal conduct, and of active/ passive corruption in all forms, including bribery.

Mitigation Strategies

• Providing the market with unique products designed for this purpose
• Helping partners to research, commission, supervise, monitor and maintain cutting-edge systems
• Compliance with environmental legislation
• Training on privacy and data management topics for key employees
• Ethics Code and ISO 9001 certified quality management system
• Supplier selection based on a preliminary quality control procedure, company analysis to screen suppliers for compatibility with Group's standards.
• Investment in research and development, training, constant dialogue and collaboration with customers and suppliers.
• The Group considers economic growth to be integral to its business strategy, pledging to create long-term value for all its stakeholders.
• Respect for and application of the tax regulations in force in the countries in which the Group operates; compliance with directives against double taxation; avoidance of aggressive tax planning instruments.
• Adoption and implementation of the Ethics Code and 231 Model.
• Conduct of audits by the Internal Audit function and by the Supervisory Board.
• Adoption of corporate & crime liability guidelines by subsidiaries based abroad.

Supply Chain Management

Supplier Audits: 61% coverage in 2021

Responsible Procurement

• Selection of suppliers on the basis of certified and shared criteria; adherence to the Ethics Code and the Organization, Management and Control Model pursuant to Legislative Decree No. 231/2001

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 14001:2015, ISO 45001:2018

Third-party Assurance: BDO Italia S.p.A. (limited assurance)

Sustainable Products & Innovation

• Genesys Next dryers
• InspectaBe
• Easycool and Ecosmart chillers

Awards & Recognition

• Industry Top Rated 2022 badge by Sustainalytics
• InspectaBe was a finalist in The Sustainability Awards

Environmental Metrics

ESG Focus Areas

• Climate change mitigation
• Supply chain
• Training
• Governance
• Diversity & Inclusion
• Circular Economy

Environmental Achievements

• 4 new patents related to the circular economy
• 85% of the Piovan product can be recycled if properly disposed of
• Approval of the Group's Environmental Policy
• Strong growth in revenues related to the circular economy (30.8% compared to 25.3% in 2022)
• Photovoltaic system on the roof of the logistics hub of Piovan S.p.A. (+44% of self-produced electricity)
• Reduced total energy consumption by 13%

Social Achievements

• Approval of the Group's policies on Health and Safety, Protection of Human Rights, Protection of Diversity, Equity and Inclusion, Working Hours
• Global Employee Survey with 80% participation rate and 77% job satisfaction
• +8% increase in training hours compared to 2022
• Implementation of an advanced r-PET transformation system in Spain
• Start-up of an rPP/rPE deodorization plant in Turkey
• Investment in an r-PET crystallisation system in Italy

Governance Achievements

• 71% of BoD members are independent
• 29% of BoD members are female
• Approval of the Policy for the management of the Group's taxation
• Approval of the "Anti-money laundering policy"
• Approval of six ESG Policies: Environmental Policy, Health and Safety Policy, Protection of diversity, equity and inclusion Policy, Protection of human rights Policy, Working Hours Policy, Tax Management Policy

Climate Goals & Targets

Environmental Challenges

• Challenging market conditions and a macroeconomic landscape affected by ongoing conflicts
• Variability of raw materials in the circular economy
• Potential non-compliance with locally applicable legislation and potential loss of ISO 14001 certification
• Inadequate personnel management
• Failure to monitor compliance with legislation
• Failure to develop and update skills
• Inadequate management of supplier selection procedures
• Internal and external hacking
• Inconsistency between sustainability and business strategy
• Failure to involve customers in environmental and social sustainability
• Inadequate product offering in relation to technological innovation
• Non-cooperation with local authorities
• Non-compliance with various applicable regulations
• Damaging the company's image
• Development of growth policies not oriented to the improvement of social and environmental behaviours
• Untimely transposition of regulatory provisions concerning the management of environmental impacts
• Developing a new product that does not comply with circular economy criteria
• Developing products that do not comply with legislation to reduce energy consumption
• Fraud due to improper transactions and theft of company assets
• Commercial relations with third parties of dubious integrity

Mitigation Strategies

• Streamlining the architecture of our brands to consolidate Group identity
• Adoption of a set of sustainability goals aligned with the SDGs
• Investing in technologies and machinery to reduce energy consumption and emissions
• Promoting circular economy principles
• Implementing policies to promote diversity and inclusion
• Promoting skill development through training
• Developing a solid program for supplier engagement and regular assessments
• Implementing an Enterprise Risk Management system
• Adopting a Code of Ethics and ESG policies
• Continuous dialogue with stakeholders
• Investing in R&D for sustainable solutions
• Implementing a sophisticated quality control system
• Using local suppliers
• Adopting specific procurement and material management policies
• Implementing cybersecurity measures
• Transparent communication with investors
• Continuous improvement of business processes using Kaizen and Kanban methods
• Implementing a Tax Management Policy
• Strengthening the Press Office and Media Relations activities

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Selection of suppliers based on certified and shared criteria
• Sharing of appropriate supply and procurement contracts
• Constant monitoring of supplier performance
• ESG questionnaire distributed to suppliers (63% response rate)

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI Standards 2021

Certifications: ISO 14001 (Piovan S.p.A.), ISO 45001 (Piovan S.p.A.), UNI CEI 11352:2014 (Energys S.r.l.)

Third-party Assurance: Deloitte & Touche S.p.A. (Limited assurance)

UN Sustainable Development Goals

• Goal 7 (Affordable and clean energy)
• Goal 8 (Decent work and economic growth)
• Goal 9 (Industry, innovation and infrastructure)
• Goal 12 (Responsible consumption and production)
• Goal 13 (Climate action)

The PiovanGroup's initiatives contribute to these goals through various actions such as reducing emissions, promoting diversity and inclusion, supporting employee growth, improving supply chain sustainability, and developing sustainable technologies.

Sustainable Products & Innovation

• Genesys dryers
• Genesys Next dryers
• Easycool and Ecosmart chillers

Awards & Recognition

• Not disclosed