Climate Change Data

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