Climate Change Data

Solus Advanced Materials

Climate Impact & Sustainability Data (2021, 2022, 2023)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:40088 tCO2e/year
Scope 1 Emissions:9722 tCO2e/year
Scope 2 Emissions:15837 tCO2e/year
Scope 3 Emissions:14529 tCO2e/year
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:405763 m3/year
Waste Generated:1781 tons/year
Carbon Intensity:19 tCO2e per amount produced

ESG Focus Areas

  • Climate Change
  • Water Management
  • Waste Management
  • Air Emissions

Environmental Achievements

  • Reduced carbon intensity (emissions per amount produced) to 19 tCO2e (previous data not available)
  • Utilized 100% recycled copper as base material
  • Implemented water treatment plant to remove copper, chromium, and sulfates from wastewater before release

Social Achievements

  • Collected toys and gifts for less fortunate families during Christmas 2021
  • Planning to implement a program to enhance understanding of social responsibility and employee engagement

Governance Achievements

  • Established ESG Friendly Management approach with principles focusing on compliance, workplace safety, and EHS risk evaluation
  • Assigned sustainability responsibility to an ESG manager reporting directly to the CEO
  • Issued a business ethics commitment defining expected behaviors for all staff

Climate Goals & Targets

Long-term Goals:
  • Achieve net-zero emissions by 2050
Medium-term Goals:
  • Reduce CO2 emissions by 55% by 2030
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • High energy intensity leading to high carbon emissions
  • Dependence on scrap copper supply
  • Limited historical data for establishing baselines and targets in the first year of operation
Mitigation Strategies
  • Measured corporate and product carbon footprints to identify emission hotspots
  • Planned to explore ways to integrate changes in operations to significantly reduce GHG emissions
  • Planned to secure future scrap copper supply
  • Committed to setting ambitious targets for future reporting

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Regular evaluation of suppliers with reasonable criteria, including environmental and social responsibilities

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRI

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • SDG 7 (Affordable and Clean Energy)
  • SDG 9 (Industry, Innovation, and Infrastructure)
  • SDG 11 (Sustainable Cities and Communities)
  • SDG 13 (Climate Action)

Producing copper foil for electric car batteries contributes to electromobility, reducing fossil fuel use and air pollution in cities.

Sustainable Products & Innovation

  • High-end, compact, high-efficiency battery foil

Awards & Recognition

  • Not disclosed

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:65,220 tCO2e (market-based)
Scope 1 Emissions:7,883 tCO2e
Scope 2 Emissions:34,085 tCO2e
Scope 3 Emissions:23,251 tCO2e
Renewable Energy Share:6.81%
Total Energy Consumption:132,384 MWh
Water Consumption:575,909 m3
Waste Generated:2,105 tons

ESG Focus Areas

  • Climate protection
  • Water management
  • Waste management
  • Air emissions
  • Business ethics
  • Community engagement

Environmental Achievements

  • Decreased carbon intensity by 8.4% (market-based) from 2021 to 2022.
  • Improved water intensity by 48.5% from 2021 to 2022.
  • Reduced waste intensity by 28% from 2021 to 2022.
  • Provided 6.81% of total electricity consumption with green tariffs.

Social Achievements

  • Organized 3 blood donation drives in 2022 in collaboration with the Hungarian Red Cross.
  • Provided gifts to children of employees for Santa Claus Day.
  • Provided waste wood free of charge to the Vértesszőlős Municipality.

Governance Achievements

  • Implemented ISO 14001 and ISO 45001 management systems in 2021.
  • Established an ESG Friendly Management approach with defined principles.
  • Issued a commitment and internal regulation on business ethics in 2021.

Climate Goals & Targets

Long-term Goals:
  • Achieve net-zero emissions by 2050
Medium-term Goals:
  • Reduce CO2 emissions by 55% by 2030
Short-term Goals:
  • Set decarbonization pathway for the whole operation.

Environmental Challenges

  • Energy-intensive manufacturing processes leading to high carbon emissions.
  • High water consumption in production.
  • Significant amount of hazardous waste generated.
  • Potential future shortage of recycled copper.
Mitigation Strategies
  • Implementing energy efficiency measures (e.g., replacing refrigerant, fine-tuning energy recovery system).
  • Investing in water recirculation systems to reduce water intensity.
  • Improving process efficiency to reduce waste generation.
  • Securing future scrap copper supply.

Supply Chain Management

Responsible Procurement
  • Use of 100% recycled copper.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 14001, ISO 45001

UN Sustainable Development Goals

  • SDG 7
  • SDG 9
  • SDG 11
  • SDG 13

Contribution to electromobility, cleaner air, sustainable transport, and climate action.

Reporting Period: 2023

Environmental Metrics

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • Participation in the European Union's Green SPEED project in 2022 to achieve carbon neutrality.
  • Establishment of an EHS management system to minimize pollutant emissions and promote disaster prevention activities.

Social Achievements

  • Improvement of residential environment for vulnerable classes in 2023 through donation to Korea Habitat.
  • Installation of drinking water purification system in Vietnamese elementary and secondary schools in 2022 in cooperation with Good Neighbors.
  • Donation of cosmetics to medical staff in 2020.

Governance Achievements

  • Establishment of a conflict mineral management policy to ensure that conflict minerals are not included in the supply chain.
  • Transparent management with shareholders through regular shareholders' meetings.
  • Guarantee of the independence and diversity of the board of directors and audit organizations.

Climate Goals & Targets

Supply Chain Management

Responsible Procurement
  • Established a conflict mineral management policy

Climate-Related Risks & Opportunities