Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• 72% of waste destined for recovery

Social Achievements

• Increase in number of employees 2019 - 2021: 350 (53%)
• Gender diversity - share of women (% of total employees): 22%
• Gender diversity - share of women in management positions (% of total): 20%
• Average hours of training per employee in 2021: 25 hours
• Injury frequency rate (No. of injuries/hours worked x 1,000,000): 1.56

Governance Achievements

• Adoption of Model 231 (Organisational, Management and Control Model pursuant to Legislative Decree 231/2001)
• Integrated management system (UNI EN ISO 9001:2015, UNI EN ISO 45001:2018, UNI EN ISO 14001:2015)

Climate Goals & Targets

Environmental Challenges

• Pandemic and international tensions impacting daily life and work
• Increased competitive pressure
• Managing growth through acquisitions
• Difficulty in finding qualified resources

Mitigation Strategies

• Progressive implementation of a risk management system
• Strengthening the organizational structure and integration processes
• Partnerships with universities and research centers
• Retention plans and HR management policies

Supply Chain Management

Supplier Audits: 17 audits in 2021

Responsible Procurement

• Code of Ethics requiring compliance with legislation
• Supplier qualification procedures assessing environmental and social aspects

Climate-Related Risks & Opportunities

Transition Risks

• Changes in production models and supply chain affecting material availability and energy costs

Opportunities

• Efficient use of natural resources and energy
• Adoption of circular economy principles

Reporting Standards

Frameworks Used: GRI Standards

Certifications: UNI EN ISO 9001:2015, UNI EN ISO 45001:2018, UNI EN ISO 14001:2015, GAMP® 5

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

UN Sustainable Development Goals

• SDG 2
• SDG 3
• SDG 7
• SDG 8
• SDG 9
• SDG 12
• SDG 13
• SDG 4
• SDG 5
• SDG 17

Antares Vision Group's business model and initiatives contribute to these SDGs through traceability, digitalization, and sustainable practices.

Sustainable Products & Innovation

• Digital factory software for monitoring and reducing energy consumption, waste, and emissions

Awards & Recognition

• L’impresa oltre l’Impresa award for Track My Health system

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity & Inclusion
• Responsible Business Conduct
• Supply Chain Sustainability
• Data Security and Privacy
• Human Resources
• Product Quality and Safety
• Innovation
• Economic Performance
• Responsible Use of Natural Resources
• Occupational Health and Safety

Environmental Achievements

• Percentage of waste destined for recovery over 60%
• Total direct energy consumption - GJoule 19,961
• Total direct (GHG Scope 1) and indirect (GHG Scope 2 location-based) emissions/t CO2e 1,524

Social Achievements

• Launched Diversity, Equity and Inclusion Policy
• Launched Human Rights Policy
• Average hours of training per employee in 2022 20.3 hours
• Number of employees at 31 December 2022 1,185
• Increase in number of employees 2020 - 2022 (number and %) 401 (51%)
• Gender diversity - share of women (% of total employees) 23%
• Gender diversity - share of women in management positions (% of total) 20%
• New generations / Age diversity - share of employees under the age of 30 (% of total) 24%
• Health and safety - Injury frequency rate (No. of injuries/hours worked x 1,000,000) (3 injuries in 2022) 1.33
• Community investment: Support for initiatives and associations, including Ukraine Emergency aid

Governance Achievements

• Established anti-corruption training for all employees
• Adopted Model 231 (Legislative Decree 231/2001)
• Adopted Anti-Corruption Policy
• Adopted Integrated Management System (ISO 9001, ISO 45001, ISO 14001, ISO 27001)

Climate Goals & Targets

Environmental Challenges

• Increase in cost of materials, components and transport
• Regulatory extensions
• Persistence of the pandemic crisis
• Rising geopolitical tensions
• Increased competitive pressure
• Decrease in profitability and revenues in Track & Trace
• Risks associated with a lack of strategic focus by the new business lines
• Risks associated with managing growth through external acquisitions
• Delays in finding budgeted human resources
• Difficulty in finding qualified resources and managerial figures
• Unplanned increase in personnel costs
• Cultural integration between the various Group companies
• Risk of fraud and corruption
• Contractual risks
• Tax and exchange risks
• Value of intangible assets
• Data security

Mitigation Strategies

• Management control and reporting/financial performance monitoring system
• Integrated management system
• Strengthening of the purchase management policy
• Monitoring of regulatory development
• Integrated management system and adoption of Covid-19 protocols
• A widespread geographical presence
• Management control and reporting/financial performance monitoring system
• R&D activities
• Strengthening the organisational structure and integration processes
• Retention plans and HR management policies
• Organisational Model 231
• Anti-corruption Global Policy
• Corporate legal risk management function
• Adoption of a prudent fiscal policy and management of exchange rate risks
• Management control and reporting/financial performance monitoring system
• ICT policies for data security and privacy management
• Integrated Management System (Quality ISO 27001)

Supply Chain Management

Supplier Audits: 23 audits in 2022

Responsible Procurement

• Selection and qualification of suppliers according to criteria and evaluations of a social and environmental nature

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Changes in production models and supply chain

Opportunities

• Efficient use of natural resources and energy

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 9001:2015, ISO 45001:2018, ISO 14001:2015, ISO 27001

Third-party Assurance: EY S.p.A.

UN Sustainable Development Goals

• SDG 2
• SDG 3
• SDG 4
• SDG 5
• SDG 7
• SDG 8
• SDG 9
• SDG 12
• SDG 13
• SDG 16
• SDG 17

Antares Vision Group's business model and activities contribute to these SDGs through various initiatives.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• L’impresa oltre l’Impresa award

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity, Equity, and Inclusion (DEI)
• Human Rights
• Supply Chain Sustainability
• Data Security and Privacy
• Energy Efficiency
• Responsible Use of Natural Resources
• Product Quality and Safety
• Occupational Health and Safety
• Innovation
• Economic Performance
• Ethics and Integrity

Environmental Achievements

• Increased renewable energy incidence to 21.7% of total energy use.
• Over 63% of waste destined for recovery.

Social Achievements

• 395 (39.3%) increase in the number of employees from 2021-2023.
• 24% of total employees are women.
• Average of 25.1 training hours per employee in 2023.
• Adoption of Diversity, Equity, and Inclusion and Human Rights policies.

Governance Achievements

• Implementation of an integrated management system (ISO 9001, ISO 14001, ISO 45001, ISO 27001).
• Adoption of Anti-Corruption Policy.
• Establishment of Control, Risk, and Sustainability Committee.

Climate Goals & Targets

Environmental Challenges

• Risks connected to the lack of strategic management of greenhouse gas emissions.
• Risks connected to the management of supply and the energy mix.
• Risk of uncontrolled use of natural resources.
• Risks for AV Group related to the ability to attract and retain talent.
• Risks for human resources resulting from a lack of attention to a working environment that guarantees respect, equal opportunities, diversity and inclusion.
• Risk of worker injuries.
• Risks linked to possible non-compliance of products and services with the standards to protect the health and safety of end users.
• Business risks linked to the failure to develop products and services that have a positive impact from an environmental and social point of view.
• Risks related to any deficiencies in the application of quality procedures and policies.
• Privacy and personal data violation risks.
• Risks of negative impacts on the environment and on stakeholders caused by the supply chain.
• Risk of failure to generate positive economic results.
• Reputational risks deriving from possible deficiencies in policies and procedures that guarantee the integrity of business management.
• Risks of failure to develop AV Group's business resulting from insufficient investments in research, development and innovation.

Mitigation Strategies

• CO2 emissions reporting (Scope 1 and Scope 2), mapping of relevant areas for Scope 3 reporting. An energy efficiency plan is being prepared.
• Supply contracts with Guarantee of Origin (GO) for AVIT. Energy from photovoltaic panels for AVNA and FT's headquarters (Mestrino). A process of transition to renewable energy through contracts with Guarantee of Origin first for Italian sites.
• Evaluation of the methods used to quantify the use of materials from the perspective of a circular economy. Management of waste generated for the Group's production companies.
• Welfare tools, remote working agreement, continuous training, team building activities.
• Group DEI (Diversity, Equity, and Inclusion) Policy, Group Human Rights Policy.
• Antares Vision Group guarantees physical and moral integrity of its staff, working conditions that respect individual dignity, safe and healthy work environments, and worker protection specific to each country in which it is based. Commitment to spreading and consolidating a culture of safety among all its collaborators, developing awareness of risks and promoting responsible behaviour. Health and Safety Policy, ISO 45001 for AVIT, Membership of WHP (Workplace Health Promotion) Lombardy.
• Internal procedure defines guidelines for the identification, recording and management of Non-Conformities (NC), System Changes (CHANGE) and Corrective and Preventive Actions (CAPA). Audits check that Antares Vision Group's computer systems are designed, manufactured, released and maintained according to a predefined and documented quality system.
• Capacity for innovation (Research and development of new materials), investments in research, development and implementation of solutions that allow end-to-end traceability of the value chain.
• Marketing communications according to the principles of the Company's Code of Ethics, sales and marketing policies, corporate legal risk management function, GAMP® 5, integrated management system (Quality ISO 9001), Information Security Management System (ISO 27001 Quality).
• Adoption of ISO 27001, ICT policies for data security and Privacy management, Cyber Security Training.
• Integrated management system adopted by the parent company Antares Vision S.p.A provides for a specific procedure for the management, selection and qualification of suppliers.
• Adoption of a prudent fiscal policy and management of exchange rate risks, short-medium-long term business plan, R&D activities/and organisational structure for defining lines of strategy - market trends, integrated management system (Quality ISO 9001).
• Introduction and dissemination of anti-corruption policy, Group donation and sponsorship policy, Organizational Model 231.
• Management control and reporting/financial performance monitoring system, adoption of a prudent fiscal policy and management of exchange rate risks, partnership with Universities and Research Centres, Innovation Center.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier selection and qualification procedures based on ability to provide compliant processes or products; collection of information on suppliers of an environmental and social nature.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme climatic events

Transition Risks

• Change of production models and supply chain

Opportunities

• Efficient use of natural resources and energy; adoption of circular economy principles; monitoring of supply chains and product life cycles.

Reporting Standards

Frameworks Used: GRI Standards

Certifications: UNI EN ISO 9001:2015, UNI EN ISO 45001:2018, UNI EN ISO 14001:2015, ISO/IEC 27001:2013

Third-party Assurance: EY S.p.A.

UN Sustainable Development Goals

• SDG 2
• SDG 3
• SDG 4
• SDG 5
• SDG 7
• SDG 8
• SDG 9
• SDG 12
• SDG 13
• SDG 16
• SDG 17

The report details how Antares Vision Group's initiatives contribute to these goals through its business model and various projects.

Sustainable Products & Innovation

• Solutions for efficient use of natural resources and energy; traceability solutions for waste reduction and supply chain monitoring.

Awards & Recognition

• Gartner recognition as a technological partner for Life Sciences solutions; 2023 Cibus Tec Innovation Award; 2023 Hong Kong Enterprise Achievement Award for Antares Vision Asia Pacific Ltd.