Climate Change Data

Bastogi S.p.A.

Climate Impact & Sustainability Data (2016)

Reporting Period: 2016

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:1,576.33 MWh/year (electricity from cogeneration)
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Social
  • Environmental

Environmental Achievements

  • Reduced CO2 emissions by 49,866 kg thanks to the use of photovoltaic systems in Milanofiori Nord residences from June 2012 to February 2017.
  • 84.36% overall efficiency of the district heating plant in Milanofiori Nord in 2016.
  • 50% reduction in electricity consumption in the H2C Hotel in Milanofiori Nord Assago due to LED lighting upgrades.

Social Achievements

  • Implemented programs for employee well-being, including flexible work arrangements and support for family needs.
  • Organized events and initiatives for employee engagement and community involvement.
  • Supported various non-governmental organizations through fundraising and awareness campaigns.

Governance Achievements

  • Adherence to the Italian Code of Conduct for listed companies.
  • Implementation of a corporate governance system aligned with the principles and criteria of the Code of Conduct.
  • Establishment of an internal audit function reporting directly to the Board of Directors.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Redefine medium-to-long-term commitments for short-term debts, consistent with expected inflows.
Short-term Goals:
  • Repay overdue amounts (4.4 million euro) through planned real estate sales and cash inflows.

Environmental Challenges

  • Difficult economic context affecting the real economy, financial markets, and the real estate market.
  • Financial tension requiring renegotiation of short-term debts with banks.
  • Uncertainties related to the timing of receiving compensation for the Bollate prison area and the acceptance of requests to redefine medium-to-long-term commitments for short-term debts.
  • Slowdown in the commercialization of the Milanofiori Nord Retail Park.
  • Unforeseen interruption of two negotiations for the sale of real estate assets.
Mitigation Strategies
  • Negotiating medium-to-long-term redefinition of short-term debts with banks.
  • Seeking to partially repay debt with compensation from the Bollate prison area litigation.
  • Redefining the terms of financing with banks for the remaining debt.
  • Continuing operational activities and focusing on improving operational results.
  • Focusing on increasing profitability of Milan structures and awaiting the outcome of the tender for the PalaLottomatica in Rome.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Suppliers selected based on criteria of transparency and product purity, prioritizing certified operators and producers.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRI

Certifications: LEED® Gold (pending)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • MAMMaestro d’Arte e Mestiere (Isabella Villafranca Soissons)