Olon S.p.A.
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:90,000 tCO2e/year (Scope 1+2)
Scope 1 Emissions:75,283 tCO2e/year
Scope 2 Emissions:14,468 tCO2e/year
Renewable Energy Share:62% (target by 2024)
Total Energy Consumption:1,526,516 GJ/year
Water Consumption:10,545 m3/year
Waste Generated:44,051 tons/year
Carbon Intensity:19.44 tCO2e/ton of product (2022)
ESG Focus Areas
- Environmental sustainability
- Responsible business
- Technology for the future
- Caring for talents
Environmental Achievements
- Reduced energy consumption by 3% compared to 2021 (1,526,516 GJ)
- Reduced water withdrawal by 7% compared to 2021 (10,545 Ml)
- Reduced Scope 1 CO2 emissions by 2% compared to 2021 (75,283 tons of CO2e)
- Reduced Scope 2 CO2 emissions by 11% compared to 2021 (14,468 tons of CO2e)
- Reduced total waste generated by 12% compared to 2021 (44,051 tons)
- 61% of waste generated was recycled or recovered
- Installation of solar panels at several sites, aiming for 17 MW capacity by Q2 2023
- Achieved -70% reduction in specific energy consumption per ton of product compared to 2015 levels
- Achieved -40% reduction in waste generated per ton of product compared to 2015 levels
- Achieved -60% reduction in water consumption per ton of product compared to 2015 levels
Social Achievements
- Reduced employee turnover by 25% compared to 2021 (117 employees)
- Increased hiring of women by 37.5% compared to 2021 (44 employees)
- 30% of managerial positions held by women in 2022
- Reduced work-related injuries by 13% compared to 2021 (20 injuries)
- More than doubled health and safety training hours compared to 2021
- Launched the “Zero Accidents” initiative
- Launched the “7 Wastes” initiative for employee engagement in waste reduction
- Olon School Project for young graduate training and development
- Leadership Behavioral Award program
Governance Achievements
- Adoption of a Code of Ethics
- 100% of new suppliers signed the Code of Conduct in 2022
- More than 78% of global purchases from suppliers who signed the Code of Conduct
- Implementation of a Conflict Minerals Program
- EcoVadis sustainability rating – 2022 bronze medal
Climate Goals & Targets
Long-term Goals:
- Reduce electricity and water use and carbon dioxide emissions by 60 percent between 2015 and 2025
Medium-term Goals:
- Reach 62% renewable energy by 2024
Short-term Goals:
- Reduce water consumption by 6% (recycling project)
- Reduce CO2 emissions by 5% (new solar panels)
- Reduce waste generated by 5% (solvent recovery)
- Reduce electricity consumption by 5% (energy efficiency programs)
Environmental Challenges
- Climate change and the need to reduce greenhouse gas emissions
- Need to reduce energy and water consumption
- Need to improve waste management
- Maintaining a responsible and sustainable supply chain
Mitigation Strategies
- Long-term program for reducing energy consumption through renewable energy systems
- Investments in solar panels, high-efficiency co-generators, and new thermal power plants
- Implementation of continuous manufacturing processes to increase efficiency and reduce energy use
- Focus on circular economy initiatives, including solvent recovery and waste reduction
- Supplier Code of Conduct and sustainability requirements for suppliers
- Conflict Minerals Program
Supply Chain Management
Supplier Audits: Periodic audits
Responsible Procurement
- Supplier Code of Conduct
- Sustainability Requirements
- Supplier Diversity Program
- PSCI alignment
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI Standards
Certifications: EcoVadis bronze medal
Third-party Assurance: KPMG S.p.A. (limited assurance)
Sustainable Products & Innovation
- Biotechnology products
- Products made using continuous manufacturing processes
- Products made using biocatalysis and photochemistry
Awards & Recognition
- EcoVadis bronze medal