Cofle S.p.A.
Climate Impact & Sustainability Data (2021, 2022)
Reporting Period: 2021
Environmental Metrics
Total Carbon Emissions:1731.1 tCO2e
Scope 1 Emissions:337.4 tCO2e
Scope 2 Emissions:246.2 tCO2e
Scope 3 Emissions:1147.5 tCO2e
Renewable Energy Share:10.5% of electricity needs
Total Energy Consumption:9508.1 GJ
Waste Generated:0.00576 tons/M€
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- Installed solar panels in factories in 2014, cutting energy costs and lowering environmental impact.
- 96% of aluminum and Zamak from recycling.
- 40% average recycled component in wood and cardboard packaging.
- 99.3% of waste destined for recycling.
Social Achievements
- Maintained adequate employment levels.
- Protected a worker on prolonged sick leave through a solidarity hours bank.
- Only one work accident recorded in 2021.
- 175 hours of health and safety training.
Governance Achievements
- Implemented an Integrated Quality-Environment Management System compliant with UNI EN ISO 9001 and 14001 standards.
- Adopted a Code of Ethics.
- Implemented Internal Dealing Procedure and Insider Information Management Procedure.
Climate Goals & Targets
Medium-term Goals:
- Feasibility study for geothermal plant installation for 100% renewable energy by 2023-2024
- Progressive enlargement of the scope of sustainability reporting to cover the fully consolidated Group by 2023-24
Short-term Goals:
- Study of new packaging to replace the use of plastic for all AM customers by 2023
- Increase in the share of female presence in the company by 2023
- Start of the prevention project with free medical visits for employees in collaboration with LILT (Italian League for the Fight against Cancer) by 2023
- Adoption of the Organizational Model of Management and Control D.Lgs . 231/01 by 2023
- Study and inclusion of ESG goals in the remuneration systems of Managers by 2023-24
Environmental Challenges
- Increased Scope 3 emissions due to increased consumption of raw materials, packaging, and fuels.
- Increased indirect Scope 2 emissions due to increased electricity from the grid.
- Increased Scope 1 emissions due to increased methane combustion for heat production.
Mitigation Strategies
- Study of new packaging to replace the use of plastic for all AM customers by 2023.
- Feasibility study for geothermal plant installation for 100% renewable energy by 2023-2024.
- Purchase of GO certificates to increase the share of electricity from renewable sources by 2023.
- Scope 3 greenhouse gas emission inventory and redefinition of reporting perimeter by 2023.
Supply Chain Management
Supplier Audits: 5% in 2021
Responsible Procurement
- Supplier Code of Conduct
- Self-assessment questionnaire on ethical, environmental, and quality issues
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI Standards
Certifications: UNI EN ISO 9001, ISO 14001
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:1731.1 tCO2e/year (2021)
Scope 1 Emissions:337.4 tCO2e/year (2021)
Scope 2 Emissions:246.2 tCO2e/year (2021)
Scope 3 Emissions:1147.5 tCO2e/year (2021)
Renewable Energy Share:16.1% (2021)
ESG Focus Areas
- Environmental sustainability
- Social issues
- Governance
Environmental Achievements
- Energy intensity index improved by 18.8% yoy
- Share of energy from renewable sources increased to 16.1% in 2021 (from 15.1% in 2020)
- Waste produced destined to recycling accounted for 99.3% of the total in 2021
Social Achievements
- Increased percentage of women in the company
- Start of prevention project with free medical examinations for employees
- All employees on a permanent contract
Governance Achievements
- Adoption of the Management and Control Organizational Model pursuant to Legislative Decree .231/01
- Cofle Italia has an integrated quality-environment management system in accordance with the standards UNI EN ISO 9001 and 14001
Climate Goals & Targets
Long-term Goals:
- Progressive enlargement of the scope of sustainability reporting to cover that of Group consolidation in full (2023-24)
Medium-term Goals:
- 100% Renewable Energy (2023-24)
- Study and inclusion of ESG objectives in the remuneration systems of CEOs and managers (2023-24)
Short-term Goals:
- Study of new packaging methods to replace the use of plastic packaging (2023)
- Feasibility study for installation of geothermal plant (2023-24)
Environmental Challenges
- Higher raw material costs
- Labor cost pressure due to inflation in Turkey
- Supply chain disruptions
Mitigation Strategies
- Updated pricing to counterbalance higher labor costs
- Stockpiling of raw materials to ensure smoother operations
- New logistics plant to optimize logistics and reduce time to market
Supply Chain Management
Supplier Audits: 5% in 2021
Responsible Procurement
- Code of Ethics
- Code of Conduct
- Supplier Code of Conduct
- Self-assessment questionnaire on ethical, environmental and quality issues
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI
Certifications: UNI EN ISO 9001, ISO 14001