Verescence
Climate Impact & Sustainability Data (2018-2019, 2022-2023, 2023)
Reporting Period: 2018-2019
Environmental Metrics
Total Carbon Emissions:4,722 tons reduction in 2018
Total Energy Consumption:713,742 MWh (-2,502 MWh)
Water Consumption:420,843 m3 (-109,139 m3)
Waste Generated:85.9% recovered in 2018
ESG Focus Areas
- People First
- Act for Society
- Eco Solutions
Environmental Achievements
- Reduced CO2 emissions by 4,722 metric tons (-1.96%)
- Increased waste recovery rate to 85.9% (+2%)
- Reduced water consumption by 20%
- Mers-les-Bains site obtained ISO 50001 certification
- La Granja site reduced water consumption by 20% by optimizing retention basin filling and eliminating unnecessary consumption.
- New furnace commissioned in Spain showing a 10% reduction in gas consumption per year.
Social Achievements
- Launched an annual global engagement survey among executives and supervisors.
- Created expression groups for operator employees.
- Improved health coverage for all employees in France.
- Implemented numerous initiatives to combat MSDs (musculoskeletal disorders).
- Recruited more than 120 people on permanent contracts in France and Spain.
- Revised accessibility for disabled workers at the Spanish site.
- 41% female recruits in 2018.
Governance Achievements
- Signed the United Nations Global Compact.
- EcoVadis Gold Medal for the group and all its sites.
- CDP “B” grade for Climate Change and Water Consumption.
- Luxe Pack in green award for “Best CSR approach”.
Climate Goals & Targets
Short-term Goals:
- Reduce water consumption to 2.5 m3/tg by 2022
- Increase waste recovery rate to 97% by 2022
- Reduce absenteeism rate to less than 4% by 2022
- Increase employee training to >70% by 2022
- Achieve 100% career path deployment by 2022
- Increase percentage of female managers to >35% by 2022
- Increase percentage of female recruits to 50% by 2022
- Increase local purchasing to 95% by 2022
- Reduce customer claim rate to less than 0.5% by 2022
- Achieve OTIF of more than 97% by 2022
- Increase bottles made using Verre Infini® NEO by +50% per year by 2022
- Reduce CO2 emissions to 0.9 t/tg by 2022
Environmental Challenges
- High levels of waste due to the sophistication of products and manufacturing steps.
- High volatility of the market impacting agility.
- Need to rally to the ecological cause within the luxury goods sector.
Mitigation Strategies
- Simplifying flows and better controlling industrial processes.
- Reducing unnecessary steps in flows to shorten delivery times and reduce inventories.
- Involvement in conferences, forums, and inter-professional initiatives to promote eco-design.
- Development of LCA (Life Cycle Assessment) software to guide customers towards more eco-responsible offers.
- Development of eco-solutions such as recycled materials, glass weight reduction, refillability, and clean finishes.
Supply Chain Management
Responsible Procurement
- Local procurement
- CSR charter for main suppliers
- RMI declaration of compliance for gold and tin purchases
- CSR representing 26% of supplier quality audit score
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI
Certifications: ISO 9001, ISO 14001, ISO 22716, OHSAS 18001, ISO 50001 (Mers-les-Bains site)
Sustainable Products & Innovation
- Verre Infini®
- Verre Infini® NEO
- Upcycled bottle
Awards & Recognition
- EcoVadis Gold Medal
- Luxe Pack in green award for “Best CSR approach”
Reporting Period: 2022-2023
Environmental Metrics
Total Carbon Emissions:284 kteqCO2
Scope 1 Emissions:141 kteqCO2
Scope 2 Emissions:25 kteqCO2
Scope 3 Emissions:84 kteqCO2
Renewable Energy Share:Not disclosed
Total Energy Consumption:825,376 MWh
Water Consumption:Not disclosed
Waste Generated:159 kg/tg
Carbon Intensity:Not disclosed
ESG Focus Areas
- People First
- Act for Society
- Eco Solutions
Environmental Achievements
- Reduced CO2 emissions by 20% since 2017 (Scope 1 and 2)
- 91% of waste recycled in 2022
- Increased proportion of post-consumer recycled glass (PCR) in standard glass composition to 25% in France by early 2023
- Achieved an ‘A’ rating in CDP’s Supplier Engagement Rating (SER) 2022 for the second year running
- La Granja plant installed a new furnace reducing energy consumption by 20% and CO2 emissions by 14%
- Mers-les-Bains site launched a facility to recover waste heat, reducing CO2 emissions by 4% per year
Social Achievements
- Launched “Safety Bingo” challenge at Somme site, identifying 52 risks and significantly reducing incidents
- Launched a project in Spain to improve working conditions and safety during insulator assembly
- Achieved recruitment parity in 2022, with 51.9% of new recruits being women
- Three French sites achieved well over 75/100 in terms of gender equality in the workplace
- Launched a specific reintegration training program in 2022 aimed at the long-term unemployed, with 57% of participants finding employment
- Supported Les Maisons de Vincent association, providing adapted living and care facilities for autistic adults
Governance Achievements
- Implemented an online corruption prevention training program with 97.9% participation rate
- Established a Compliance Committee overseen by the CEO
Climate Goals & Targets
Long-term Goals:
- Achieve net zero emissions by 2050
Medium-term Goals:
- Achieve 80% renewable electricity by 2025
- Align decarbonization objectives with a 1.5°C trajectory by 2034
Short-term Goals:
- Reduce water consumption by achieving “dry plant” status by 2025
- Reduce energy consumption by 10% within 18 months
- Increase the proportion of PCR in glass compositions to 50% by the end of 2023 in France
Environmental Challenges
- Maintaining historical skills and adapting to new technologies while guaranteeing safety and well-being at work
- Ensuring the sustainability of operations and stability of local partners through short and resilient supply chains
- Climate change risks (water stress, submersion risks, cyclone alerts)
- Transition risks (global regulations on CO2 emissions, technological changes, changes in consumption)
- Rise in production costs putting local suppliers under strain
Mitigation Strategies
- Implemented effective measures to keep lost-time accident frequency rate below 5
- Developed reusable thermoformed packaging and installed a loading robot to avoid repetitive handling
- Maintained supplier support program introduced during the health crisis
- Launched audits and measures to deal with physical risks
- Developed energy and water saving action plans across all sites
- Introduced an energy-saving plan aiming to reduce energy consumption by 10% within 18 months
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- CSR Charter signed by 100% of CSR1 suppliers
- 70% of CSR1 suppliers signed up to EcoVadis
- Sustainable sourcing of raw materials favoring traceability and short supply chains
- Use of recycled glass from household waste collections
- Limited suppliers for gold to two trusted companies with CMRT certification
- Approval system for plastic packaging containing PCR material and cardboard without plastic coating
Climate-Related Risks & Opportunities
Physical Risks
- Water stress
- Submersion risks
- Cyclone alerts
Transition Risks
- Regulatory changes on CO2 emissions
- Technological changes
- Changes in consumption patterns
Opportunities
- Development of energy-efficient products
- Growth in the market for glass insulators due to the transition to green energies
Reporting Standards
Frameworks Used: GRI, UNGC
Certifications: ISO 9001, ISO 45001, ISO 14001, ISO 22716
Third-party Assurance: KPMG
UN Sustainable Development Goals
- Not disclosed
The “Glass Made to Last” program contributes to achieving 15 of the 17 sustainable development goals (SDGs) set by the United Nations for 2030.
Sustainable Products & Innovation
- Infinite Glass (PCR glass)
- Lightweight glass bottles (Moon and Gem)
- Refillable bottles
- Double glass bottle for Guerlain
Awards & Recognition
- EcoVadis Platinum medal
- CDP Double A-List
- Luxe Pack in Green New York 2022 award
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:1.03 tCO2e/tg
Scope 3 Emissions:0.67 tCO2e/tg
Total Energy Consumption:780,429 MWh
Water Consumption:2.56 m3/tg
Waste Generated:155 kg/tg
ESG Focus Areas
- People First
- Act for Society
- Eco Solutions
Environmental Achievements
- Reduced CO2 emissions (Scope 1 and 2) by 19% since 2016
- Waste recovery and recycling rate exceeded 90%
- 77% of bottles worldwide produced from PCR glass
Social Achievements
- 39% female recruits in 2023
- 70.9% of employees received training
- Absenteeism rate dropped to below 7%
Governance Achievements
- Established anti-corruption training for all employees
- 98% of at-risk employees trained in fighting corruption
- 93% of at-risk employees trained in information security
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- -40% decarbonization target per ton of glass drawn between 2019 and 2034 (Scopes 1+2)
Short-term Goals:
- Not disclosed
Environmental Challenges
- Reduction in CO2 emissions
- Eco-design
- Reduction of water consumption and optimization of recycling circuits
- Resilience in the face of climate hazards
- Competitiveness in the face of global warming
- Cybersecurity
- Improving energy efficiency
- Management of environmental risks
Mitigation Strategies
- Developed a new decarbonization roadmap
- Implemented sobriety plans across all plants
- Improved energy performance by reducing energy consumption
- Increased use of renewable energy (solar panels)
- Improved water recycling (98%)
- Waste heat recovery
- Implemented circular economy initiatives (4R approach)
- Supported suppliers in reducing their carbon footprint
Supply Chain Management
Responsible Procurement
- CSR Charter
- EcoVadis evaluations
- Local sourcing
- Support for SMEs/VSEs
Climate-Related Risks & Opportunities
Physical Risks
- Drought
- Flooding
Transition Risks
- Regulatory changes
- Market shifts
Opportunities
- Development of energy-efficient products
- Increased use of renewable energy
Reporting Standards
Frameworks Used: GRI, CDP Climate Change, CDP Water Security, SBTi
Certifications: ISO 9001, ISO 45001, ISO 14001, ISO 50001, ISO 22716
Third-party Assurance: KPMG
UN Sustainable Development Goals
- Not disclosed
Sustainable Products & Innovation
- Infinite Glass
- Lightweight glass
- Refillable bottles
Awards & Recognition
- Formes de Luxe Award
- PCD Innovation Awards