Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainability
• Energy Transition
• Renewable Energy
• High-efficiency technologies
• Diversity & Inclusion
• Human Rights
• Circular Economy
• Governance

Environmental Achievements

• 74.6% of products sold were based on renewable or high-efficiency technologies (up from 72% in 2020 and 54% in 2016).
• 4.06 TWh of total energy saved through Ariston Group's Technologies in 2021.
• 831,049.60 tons of CO2 emissions saved through Ariston Thermo Group's Technologies in 2021.
• Partnership with Acciaieria Arvedi to close the loop on steel, recycling by-products.

Social Achievements

• Launched OneTeam, a new platform supporting the day-to-day work of professionals.
• Rolled out a Global Leadership Program.
• Implemented a program to reinforce the Group’s organization and operating model.
• Acquired Chromagen, adding 300+ employees.
• Launched two Career Programs (Digital and HR).
• 5% reduction in the injury frequency rate.
• 88% of senior management at significant locations of operation are hired from the local area.

Governance Achievements

• Listed on Euronext Milan.
• Moved the legal seat of its holding company to the Netherlands.
• Adopted a diversity policy regarding the composition of the organization Senior Management and Board.
• Implemented a Whistleblowing system.
• Updated the Organisation and Management Model to comply with Legislative Decree no. 231/2001.

Climate Goals & Targets

Environmental Challenges

• Persisting Covid-19 pandemic.
• Supply chain pressures and raw material inflation.
• International trade tensions.
• Severe inflationary trends in raw materials.
• Supply chain disruptions.
• Container shortage crisis.

Mitigation Strategies

• Multi-source strategy and strong relations with strategic suppliers.
• Cost takeout actions and hedging strategies.
• Supply Chain Digitalization campaign.
• Task force to optimize resource allocation and increase forecast capability.
• Digitally-enabled platform for supply chain monitoring.
• Global Replenishment Team to monitor and scout new suppliers.
• Re-designed flows, prioritizing direct deliveries.
• Investments in “World Class Logistics” program.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Multi-sourcing strategy
• Sustainability criteria as part of supplier selection

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Changes in government regulations
• Changes in industry standards

Opportunities

• Development of energy-efficient products
• Growth in renewable energy solutions

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 14001:2015, ISO 45001:2018, ISO 9001:2015

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 7 (Affordable and clean energy)
• Goal 9 (Industry, innovation and infrastructure)
• Goal 13 (Climate action)

Initiatives contribute to these goals through renewable energy solutions, energy efficiency improvements, and reduction of GHG emissions.

Sustainable Products & Innovation

• Sensys HD thermostat
• Hybrid heating systems
• Hydrogen-ready boilers
• AEROTOP SG heat pumps
• Velis DR water heater
• Nuos Plus Wi-Fi heat pump water heater
• Powerflex water heater
• Back-up heaters for heat pumps

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Solutions
• Operations
• People & Community
• Customers
• Governance

Environmental Achievements

• Reduced Scope 1 and Scope 2 absolute GHG emissions by 15% (vs 2021)
• Reduced Scope 3 GHG emissions per million -Euro value added by 29% (vs 2021)
• Achieved 100% renewable energy sourcing in China and Mexico plants
• Implemented energy efficiency improvement initiatives in 100% of production plants

Social Achievements

• Launched One Team platform in France and Romania
• Launched Expert Service app in Italy and France for Ariston and ELCO
• Extended Global Leadership Program to all employees
• Launched Mentoring Program

Governance Achievements

• Updated Board rules to comply with the new Dutch corporate governance code
• Adopted an updated diversity and inclusion policy
• Implemented a new whistleblowing platform
• Updated Trade Compliance Manual

Climate Goals & Targets

Environmental Challenges

• Market slowdown in some key regions
• Changes in regulation and incentives in some European markets
• Geopolitical instability
• Supply chain disruptions

Mitigation Strategies

• Multi-sourcing strategies
• Localization of production
• Business Continuity Plan (BCP)
• Digital Supply Chain initiatives
• One Team program

Supply Chain Management

Responsible Procurement

• EcoVadis rating platform
• ESG vendor rating criteria
• Compliance with RoHS, REACH, and POPs directives

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI Standards 2021, EU Taxonomy

Certifications: ISO 14001, ISO 45001, ISO 9001

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 9 (Industry, Innovation and Infrastructure)
• Goal 13 (Climate Action)

Initiatives contribute to these goals through renewable energy solutions, energy efficiency improvements, and emission reductions.

Sustainable Products & Innovation

• Heat pumps with natural refrigerants
• Demand Response-ready products
• Home Energy Management solutions

Awards & Recognition

• EcoVadis Bronze Medal
• Red Dot Design Award