Climate Change Data

Elsewedy Electric

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:148,890 mtCO2e/year (Scope 1+2)
Scope 1 Emissions:38,319 mtCO2e/year
Scope 2 Emissions:110,571 mtCO2e/year
Scope 3 Emissions:2,405,502 mtCO2e/year
Renewable Energy Share:Not disclosed
Total Energy Consumption:407,639 MWh/year
Water Consumption:994,715 m³/year
Waste Generated:68,031 tons/year
Carbon Intensity:0.0023 mtCO2e/thousand EGP revenue (2022)

ESG Focus Areas

  • Governance and Economy
  • Technology & Innovation
  • Planet & Resources
  • People & Society

Environmental Achievements

  • Reduced Scope 1+2 GHG emissions by 7% compared to the 2017 baseline across its 6 factories.
  • Achieved an 86% waste diversion rate.
  • Implemented the Sunlight SOLERA SUN SQUARE solar-powered hub in Zambia, benefiting over 30,000 people.
  • Signed an agreement for a 90 MW PV solar plant and 25 MW of batteries in Angola.
  • Upgraded the Balana Wastewater Treatment Plant, increasing its capacity by 60,000 m³/day.

Social Achievements

  • 13 students from Elsewedy Technical Academy (STA) won the 2022 Beamline for Schools competition.
  • Launched the 2nd round of the EET&D Tamkeen Learning Program.
  • 118 new talents joined the graduate development program.
  • 100% of employees received training on compliance policies.
  • Improved S&P Global Ratings score by 11 points to 37 points.
  • Achieved EcoVadis Silver medal ranking (top 25%).
  • ESG risk rating decreased from 26.9 to 20.2 by Sustainalytics.

Governance Achievements

  • 20% women representation on the Board (from 10% in 2021).
  • Revised and updated all group environmental and social policies and procedures.
  • Established a corporate-wide Environmental and Social Management System.

Climate Goals & Targets

Long-term Goals:
  • Net-zero emissions by 2050.
  • Net-zero emissions from the entire supply chain by 2050.
  • Net Zero Biodiversity Loss by 2030.
  • 100% coverage by digital services by 2030.
  • 100% coverage of own office buildings and facilities, and clients by remote energy monitoring and smart appliances by 2030.
  • 30% women within the workforce by 2030.
  • 40% women within the board and management by 2030.
  • Zero human and labor rights violations across the supply chain from 2025.
  • All new developments have community-driven action plans by 2025.
  • Train 100,000 underprivileged individuals by 2030.
Medium-term Goals:
  • 100% Digital Sustainability Management System and GHG Accounting Systems by 2025.
  • 50% electric fleet by 2030.
  • 100% EPD/Green Label products by 2030.
  • 20% of energy consumption from self-supply renewable energy systems by 2030.
  • Reduce energy consumption by 20% by 2030.
  • Reduce water consumption by 40% by 2030.
  • 2X investments in renewable energy, climate, and water projects by 2025.
  • All suppliers and new investments comply with ESG criteria by 2030.
  • 100% workplace satisfaction by 2025.
  • 100% employees trained on sustainability and ESG topics by 2023.
Short-term Goals:
  • Comprehensive review of organizational structure, departments, roles, and responsibilities by 2023.
  • Comprehensive review of all existing corporate policies by 2023.
  • Establish a Corporate Environmental and Social Management System (C-ESMS) by 2023.
  • Introduce a comprehensive metric for shared value creation by 2023.
  • Join “1% for the Planet” by Q3 2023.

Environmental Challenges

  • Increased energy consumption (12% from 2021 to 2022) due to increased production capacity.
  • Increased water consumption (10% from 2021 to 2022) due to increased production capacity.
  • Supply chain disruptions.
  • Only 30% of current suppliers comply with ESG criteria.
Mitigation Strategies
  • Feasibility studies completed for installing rooftop solar plants.
  • Implementing ISO 50001 energy management systems.
  • Developing a comprehensive ESG data collection system.
  • ESG compliance criteria implemented for new investments.
  • Continued raw materials stocking, coverage of freight costs, acceleration of payments to suppliers.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Third-Party Code of Conduct based on FCPA, OFAC, EU regulations, UK Anti-Bribery Act, UN regulations, and local laws.
  • ESG compliance criteria for new investments.

Climate-Related Risks & Opportunities

Physical Risks
  • Damage to plants and infrastructures
Transition Risks
  • Decline in hydrocarbons demand
  • Loss of results and cash flow
  • Stranded assets
  • Decreasing shareholders' returns
  • Price fluctuations
  • Rising operation and investments costs for hydrocarbons
  • Cuts to fossil fuel subsidies
  • Higher carbon tax
  • Breakthroughs in renewables, energy storage and sustainable mobility
  • Interruptions of industrial operations
  • Difficulty in complying with legal and other requirements
Opportunities
  • Improve sustainability governance
  • Implement a sustainability management system
  • Identify, assess and manage environmental and social risks and impacts across the value chain
  • Align goals with SDGs and national priorities
  • The transition towards a sustainable business model
  • Adopt circular economy principles
  • Adopt a product stewardship approach
  • Align asset development with low-carbon scenarios
  • Foster impactful partnerships for sustainability
  • Model an optimal sustainable energy mix
  • Increase the share of renewable energy and resources
  • Protect critical infrastructure via nature-based and technical measures
  • Diversify the portfolio across geographies and less vulnerable sectors

Reporting Standards

Frameworks Used: GRI Standards, TCFD, SASB, CSRD, UNGC

Certifications: ISO 14001, ISO 45001, ISO 9001, ISO 50001, ISO 27001, ISO 29990, ISO 17025

Third-party Assurance: Masader (limited assurance)

UN Sustainable Development Goals

  • Goal 7
  • Goal 13
  • Goal 8
  • Goal 10
  • Goal 5
  • Goal 16
  • Goal 12
  • Goal 6
  • Goal 3
  • Goal 4
  • Goal 1
  • Goal 2
  • Goal 9
  • Goal 14
  • Goal 15

Elsewedy Electric's initiatives contribute to these goals through various projects and programs.

Sustainable Products & Innovation

  • Carbon-neutral cables
  • Smart irrigation system
  • Smart building technology

Awards & Recognition

  • EcoVadis Silver medal
  • IJ Global Transport Deal of the Year (October Dry Port)