Climate Change Data

Ormazabal

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:2,588 tCO2e/year
Scope 2 Emissions:603 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:12,424,175 kWh/year
Water Consumption:42,942 m3/year
Waste Generated:8,928,291 tons/year (non-hazardous); 362,346 tons/year (hazardous)
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • Reduced direct emissions (Scope 1) by 2% compared to 2022.
  • Reduced indirect emissions (Scope 2) by 19% compared to 2022.
  • Launched SF6-free solutions for primary and secondary distribution.
  • Continued pilot project to measure Scope 3 CO2 emissions.
  • Planted 900 indigenous trees and bushes, compensating for 260 tonnes of CO2 over 40 years.
  • 100% renewable energy purchased for centers in Spain and France.

Social Achievements

  • Launched Ormazabal Contribution Week.
  • Thirty new mentoring processes carried out through Ormazabal Mentoring Experience.
  • Increased number of employees with disabilities from 16 to 20.
  • Implemented measures to protect employee well-being and promote work-life balance.
  • Received AED Award for commitment to inclusion of women in the business world.

Governance Achievements

  • Established a multidisciplinary forum to analyze ESG aspects.
  • Continued to develop R&D lines outlined in the 40 million euro financing agreement with the European Investment Bank.

Climate Goals & Targets

Long-term Goals:
  • Net zero emissions
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Macroeconomic uncertainties, interest rates, deglobalization, fight for talent, and constant regulations.
  • Margin development and commoditization.
  • Emergence of low-cost competitors.
Mitigation Strategies
  • Focus on digitalization of products, technology, industrial capabilities, exploration of internal synergies, and talent development.
  • Launch of OOIS (Ormazabal Open Innovation System) project.

Supply Chain Management

Supplier Audits: 36 audits/year

Responsible Procurement
  • Velatia Purchasing Policy Framework; commitment to human rights and environmental regulations; Green Procurement project.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Regulatory changes, market shifts
Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI, GHG Protocol

Certifications: ISO 14001, ISO 45001, ISO 9001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • SDG 7 (Affordable and clean energy)

Focus on providing sustainable energy solutions; support for renewable energy integration; development of smart grids.

Sustainable Products & Innovation

  • SF6-free solutions

Awards & Recognition

  • Innovation Quality Award (Euskalit); AED Award; various awards in China.