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