Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental protection
• Human rights protection
• Health and safety at work
• Combating active and passive corruption
• Responsible supply chain management
• Support for socio-economic development
• Attention to and enhancement of human resources

Environmental Achievements

• Reduced environmental risks and impacts of production activities through efficient resource use and waste recycling

Social Achievements

• Promotes an inclusive work environment respecting diversity
• Supports socio-economic development through collaboration with local communities
• Commitment to employee well-being and professional fulfillment

Governance Achievements

• Compliance with Legislative Decree 231/2001 to prevent offenses
• Transparency in relations with public authorities
• Combating active and passive corruption

Climate Goals & Targets

Environmental Challenges

• Integrating sustainability into the business

Mitigation Strategies

• Defining a strategic sustainability plan with macro-objectives and detailed objectives
• Appointing an ESG issues manager

Supply Chain Management

Responsible Procurement

• Supplier selection and evaluation based on professionalism, quality, and correctness of activities
• Observance of principles of loyalty, integrity, confidentiality, transparency, and professionalism

Climate-Related Risks & Opportunities

Awards & Recognition

• EcoVadis Award 2019

Environmental Metrics

ESG Focus Areas

• Environmental protection
• Human rights protection
• Health and safety at work
• Combating active and passive corruption
• Responsible supply chain management
• Support for socio-economic development
• Attention to and enhancement of human resources
• Quality, product safety and customer satisfaction

Social Achievements

• Promotes an inclusive environment respecting differences in gender, age, ethnicity, sexual orientation and religion in its recruitment, training, professional development and remuneration policies.
• Supports various organisations and associations for research, including "Save the Children" and the Cystic Fibrosis Research Foundation.
• Supports the il Bene Onlus Foundation for research in rare neurological and neuroimmune diseases.

Governance Achievements

• Complies with Legislative Decree 231/2001 to prevent offences.
• Adopts a policy prohibiting gifts in countries where this is customary.

Climate Goals & Targets

Supply Chain Management

Responsible Procurement

• Supplier selection and evaluation based on defined methods and criteria (professionalism, quality of collaborators and correctness in carrying out activities).

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Global Compact

Certifications: EMAS, ISO 14001, IATF 16949, ISO 9001, ISO 13485, ISO 45001, ISO 50001, Safe Contractor Accreditation

UN Sustainable Development Goals

• SDG 3
• SDG 8
• SDG 9
• SDG 12
• SDG 13

GVS has identified these five SDGs as part of its business development strategy.

Awards & Recognition

• EcoVadis Award 2020 - Silver Medal

Environmental Metrics

ESG Focus Areas

• Human capital management
• Environmental management
• Product ecodesign
• Responsible supply chain management

Environmental Achievements

• Reduction of greenhouse gas emissions (Scope 1 + Scope 2) by 42% compared to the 2024 baseline by 2030
• Design and installation of a water treatment system to reduce water withdrawal and discharges by 2025
• Improvement of manufacturing efficiency with a target on Overall Equipment Effectiveness (OEE) by 2025

Social Achievements

• Extension of Work-from-home Policy to 100% of Italian GVS Group companies by 2024
• Extension of Parental leave Policy to 100% of U.S. GVS Group companies by 2025
• Launch of a management development program aimed at middle management by 2026
• Ensure that at least 70% of the Group's indirect employees receive a structured feedback and performance evaluation process annually
• Achieving a 9.6% reduction in work-related injury rate compared to 2023 by 2024

Governance Achievements

• Update of the Supplier Code of Conduct to align with the Group’s commitments and expectations on sustainability by 2024
• Definition of a global training program on Business Conduct (anti-corruption, ethical conduct and human rights) by 2024
• Delivery of the Business Conduct training to 100% of the Group's executives, managers and indirect employees globally by 2026

Climate Goals & Targets

Environmental Challenges

• Reducing GHG emissions across Scope 1, 2, and 3
• Improving circularity of products and material use efficiency
• Ensuring responsible supply chain management

Mitigation Strategies

• Development of a feasibility study to set a target and identify decarbonization levers by 2025
• Launch of 3 projects aimed at reducing the amount of virgin plastic used in 3 product families by 2026
• Implementation of an evaluation and improvement program on sustainability for top suppliers by 2024

Supply Chain Management

Responsible Procurement

• Update of the Supplier Code of Conduct by 2024
• Definition of a sustainability supplier assessment survey to measure the maturity level of the supply chain on ESG topics by 2024

Climate-Related Risks & Opportunities