ESI S.p.A.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- Obtained ISO 14001:2015 certification for Environmental Management System and ISO 45001:2018 for Occupational Health and Safety Management Systems.
Social Achievements
- Expanded workforce, focusing on hiring workers and employees to meet project demands.
Governance Achievements
- Appointed a new Board of Directors and Audit Committee for 2023-2025.
- EY S.p.A. appointed as the statutory auditor for the 2023-2025 period.
Climate Goals & Targets
Medium-term Goals:
- €69 million production value target in 2026 with a 23% CAGR (2022-2026).
Short-term Goals:
- Significant increase in activity volume and improved profitability in 2024.
Environmental Challenges
- Significant loss of €1.7 million in 2023 due to reduced activity volume and increased production costs (raw materials, supply chain disruptions, inflation).
- High price competition and delays in project allocation and commencement.
- Increased costs of raw materials, transportation, and labor due to the Russo-Ukrainian conflict and global inflation.
- Complex and lengthy authorization processes for construction projects.
Mitigation Strategies
- Developed a 2024-2026 industrial development plan anticipating increased demand for renewable energy and reduced inflationary pressure.
- Secured new contracts at the beginning of 2024, totaling €29.1 million, covering a significant portion of the 2024 and 2025 revenue targets.
- Monitoring the evolution of the situation and potential risks arising from the Russo-Ukrainian conflict.
- Negotiating with clients to adjust contract amounts to reflect increased construction costs.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: OIC (Organismo Italiano di Contabilità)
Certifications: ISO 14001:2015, ISO 45001:2018, ISO 9001:2015, SOA
Third-party Assurance: EY S.p.A.