Climate Change Data

Olimpia Splendid S.p.A.

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:657.86 tCO2e/year (Scope 1 + Scope 2 LB)
Scope 1 Emissions:290.06 tCO2e/year
Scope 2 Emissions:367.815 tCO2e/year (LB)
Renewable Energy Share:>95%
Total Energy Consumption:9,857.06 GJ/year
Waste Generated:371.45 tons/year
Carbon Intensity:0.0154 GJ/product sold and commercialised in 2022

ESG Focus Areas

  • Energy consumption and emissions
  • Refrigerant management
  • Supply chain management
  • Innovation, research and digitalization
  • Occupation, training, diversity and welfare
  • Health and safety at work
  • Service quality
  • Cyber security and data privacy
  • Business ethics and compliance

Environmental Achievements

  • >95% of green electricity coming from renewable sources
  • -29% reduction in natural gas consumption
  • 51.7% of renewable and recyclable materials used
  • -18% reduction of total emissions vs 2021
  • Collaboration with consortia for management of end-of-life products

Social Achievements

  • 100% employees received a regular performance review (+150% vs 2021)
  • 3 local community organisations supported (Fight Cancer Foundation, Brescia Museums Foundation and Magna Carta Foundation)
  • Increased employee engagement through reorganized internal setup and project involvement.

Governance Achievements

  • Update of Model 231
  • Sharing of the principles and values contained in the Code of Ethics through the signing of the document by all employees and suppliers
  • Responsibility for ESG topics is assigned to the Board of Directors
  • Zero cyber-attacks and zero data breaches

Climate Goals & Targets

Long-term Goals:
  • Achieve carbon neutrality by 2040
Medium-term Goals:
  • Reduce company’s carbon footprint by 30% in 2026
  • Halve its actual carbon footprint by 2030
Short-term Goals:
  • Obtain ISO 14001 certification by 2023
  • Reduce carbon emissions by 15% in 2023

Environmental Challenges

  • Supply chain disruptions due to raw material cost and availability, and transportation complexities.
  • Difficulties finding recycled refrigerant gas on the market.
Mitigation Strategies
  • Increased spending on local suppliers (52% in 2022)
  • Established partnerships with companies that guarantee the supply of regenerated refrigerant gas.
  • Transitioning to new refrigerants with lower GWP.

Supply Chain Management

Responsible Procurement
  • Specific sourcing procedure considering quality, cost, compliance, certifications, regulations, and financial stability.

Climate-Related Risks & Opportunities

Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI Standards 2021

Certifications: ISO 9001, ISO 14001 (in progress)

Third-party Assurance: PricewaterhouseCoopers Business Services Srl

UN Sustainable Development Goals

  • SDG 8
  • SDG 9
  • SDG 11
  • SDG 12
  • SDG 13

Olimpia Splendid aligns its strategy with these SDGs through initiatives related to economic growth, sustainable industrialization, inclusive cities, sustainable consumption and production, and climate action.

Sustainable Products & Innovation

  • Unico, the first residential air conditioner with fully regenerated R410A gas
  • Heat pumps in class A++
  • Top range splits in class A+++
  • Portable air conditioners with A+ models

Awards & Recognition

  • Multiple Good Design Awards