Climate Change Data

Lariotex S.p.A.

Climate Impact & Sustainability Data (2020, 2023)

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:72 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:49 tCO2e/year
Scope 2 Emissions:23 tCO2e/year
Scope 3 Emissions:1332.5 tCO2e/year (DHL transport)
Renewable Energy Share:0%
Total Energy Consumption:1006 GJoule/year (2019), 1192 GJoule/year (2020)
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Governance
  • Economic Performance
  • Product Quality and Safety
  • Technological Innovation and Product Research
  • Customer Satisfaction and Responsible Marketing
  • Sustainability of the Supply Chain
  • Sustainable Products and Processes/Circular Economy
  • Chemical Management
  • Energy Consumption and Emissions
  • Human Resources and Workplace Management
  • Health and Safety of Workers

Environmental Achievements

  • Increased sales of eco-friendly collections from 0.1% in 2018 to 28.5% in 2020.
  • Reduced direct and indirect GHG emissions (Scope 1 & 2) from 87 tCO2e in 2019 to 72 tCO2e in 2020.
  • 100% of chemical tests in 2020 passed the 4sustainability PRSL.

Social Achievements

  • Adopted Organisation, Management and Control Model (Model 231) and Code of Ethics and Conduct in 2021.
  • All department managers are female (as of 2021).

Governance Achievements

  • Adopted the Organisation, Management and Control Model under Legislative Decree No. 231/2001 in June 2021.
  • Updated Sustainability policy in the first half of 2021.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Supply chain disruptions due to the Covid-19 pandemic and increased freight prices.
  • Managing chemical risks in the supply chain.
Mitigation Strategies
  • Implemented measures to protect employee health and safety during the pandemic.
  • Joined the 4sustainability® commitment and adopted the Chemical Management protocol.
  • Implemented a supplier monitoring system to ensure chemical compliance.

Supply Chain Management

Supplier Audits: 62% of suppliers representing 68% of purchased fabric volume in 2020 committed to share data and evidence for chemical management system checks.

Responsible Procurement
  • 4sustainability® commitment, Chemical Management protocol, ZDHC MRSL, PRSL, supplier self-assessment questionnaires, chemical tests.

Climate-Related Risks & Opportunities

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

Reporting Standards

Frameworks Used: GRI Sustainability Reporting Standards

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Lariotex ECO line of eco-friendly products.

Awards & Recognition

  • Not disclosed

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:67 tCO2e/year
Scope 1 Emissions:42 tCO2e/year
Scope 2 Emissions:25 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:934 GJ/year
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:2.25 tCO2e/million meters sold

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Reduced energy consumption from 1276 GJ in 2022 to 934 GJ in 2023.
  • Reduced direct/indirect emissions (GHG Scope 1-2) from 90 tCO2e in 2022 to 67 tCO2e in 2023.
  • Increased Eco-friendly collection sales from 59.9% of total sales in 2022 to 69% in 2023.

Social Achievements

  • Increased average training hours delivered per employee from 11.7 hours in 2022 to 21.3 hours in 2023.
  • No work-related injuries in 2023.
  • Became members of the Associazione Amici del MA*GA, the Museum of Modern Art in Gallarate.

Governance Achievements

  • Adopted the Organisation, Management and Control Model under Legislative Decree No. 231/2001 in 2021.
  • Achieved a 95% rating in the 4sustainability® Assurance Report Chemical Management audit in early 2024 (up from 78% in 2023).

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Define sustainability performance KPIs applicable to the remuneration of Lariotex top management figures by 2025.
  • Arrange periodic supplier audits to verify compliance with required quality, environmental and social standards by 2025.
  • Define an internal supply policy for selecting suppliers using environmental and social criteria by 2025.
  • Direct purchase of recycled plastic only by 2025.
  • Use only FSC certified paper for packaging by 2025.
  • % Employees with defined development plans by 2025-2026
Short-term Goals:
  • Use 100% renewable energy in Lariotex plants by 2024-2025.
  • Replace natural gas and LPG for heating with renewable electricity by 2024-2025.
  • Purchase fabrics with at least 50% recycled material by 2024-2025.
  • Keep at least 50% of fabrics sold in the Eco line by 2024-2025.
  • Draft a supplier code of conduct and cover 75% of purchased volumes by 2024-2025.
  • Implement a platform to monitor and map suppliers' environmental and social risks by 2024-2025.
  • Obtain Authorised Economic Operator (AEO) authorisation by 2024.
  • Implement ISO 9001:2015 management system by 2024.

Environmental Challenges

  • Supply chain disruptions due to geopolitical tensions and transportation issues, leading to increased costs and extended delivery times.
  • Decline in the luxury sector from August 2023, continuing into 2024.
Mitigation Strategies
  • Issuance of an ESG Basket Bond in December 2022 to finance development measures, including warehouse expansion and a new Luxury collection.
  • Development of new product lines (linen, organic cotton, sportswear) to diversify offerings.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Adoption of the 4sustainability® Protocol, adherence to PRSL 4sustainability® and MRSL ZDHC protocols, traceability of processes and monitoring of the supply chain, development of reuse and recycling practices.
  • Signing of the 4Sustainability Charter of Values by suppliers representing 94% of purchase volume.

Climate-Related Risks & Opportunities

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

Reporting Standards

Frameworks Used: GRI Sustainability Reporting Standards

Certifications: Null

Third-party Assurance: Audirevi S.p.A. (limited assurance)

UN Sustainable Development Goals

  • SDG 7
  • SDG 12
  • SDG 13
  • SDG 4
  • SDG 8
  • SDG 5
  • SDG 6
  • SDG 10
  • SDG 16

The report details how various initiatives contribute to these goals.

Sustainable Products & Innovation

  • Eco collection
  • Luxury by Lariotex collection

Awards & Recognition

  • Not disclosed