Climate Change Data

Targa Telematics S.p.A.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:6,607 tCO2e/year
Scope 1 Emissions:727 tCO2e/year
Scope 2 Emissions:335 tCO2e/year
Scope 3 Emissions:5,545 tCO2e/year
Renewable Energy Share:26%
Total Energy Consumption:3,633,070 MJ/year
Water Consumption:4.159 million liters/year
Waste Generated:20,760 tons/year
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Achieved 26% renewable energy share of total energy use.
  • Reduced emission intensity per person per year by around 40%.

Social Achievements

  • Awarded ‘Silver Medal’ for ESG performance by EcoVadis for the second consecutive year.
  • Implemented Supplier Code of Conduct.
  • Renewed membership of the UN Global Compact.
  • Developed ISO 14001 environmental management processes and ISO 27001 on cybersecurity, with extensions to include certifications 27017 for cloud services and 27018 for personal data processing.
  • Increased female fixed-term hires by 133% since 2022 (18.4% of new hires).

Governance Achievements

  • Established an ESG committee in 2023.
  • Obtained certifications: ISO 14001, ISO 27001, ISO 27017, ISO 27018, ISO 9001.
  • Received a Level B rating from Synesgy.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Integrate ISO 27001 and its extensions for both Targa Telematics and Viasat by 2024.
  • Extend ACN recognition to the group perimeter, including Viasat services.
Short-term Goals:
  • Extend the culture of feedback to 50% of employees by 2024 and 70% by 2025.
  • Increase the percentage of material suppliers who have signed the Code of Conduct to at least 55% by 2026.

Environmental Challenges

  • Increased absolute number of climate-changing emissions due to the acquisition of Viasat.
  • Integrating ESG objectives across newly acquired companies.
  • Spreading corporate culture and harmonizing governance procedures across the expanded group.
Mitigation Strategies
  • Normalizing emissions per employee showed a reduction in emission intensity.
  • Ongoing integration of ESG objectives into all corporate functions.
  • Initiatives to spread corporate culture and harmonize governance procedures.

Supply Chain Management

Supplier Audits: Sample basis, either quarterly or monthly

Responsible Procurement
  • Supplier Code of Conduct

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

  • Goal 5
  • Goal 13

Initiatives align with achieving gender equality and empowering women and girls (Goal 5), and climate action (Goal 13).

Sustainable Products & Innovation

  • Corporate Car Sharing
  • Solutions for electric vehicle management and charging

Awards & Recognition

  • Silver Medal from EcoVadis
  • Level B rating from Synesgy