Climate Change Data

Econergy Renewable Energy Ltd

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:330,081 tCO₂e
Scope 1 Emissions:24.9 tCO₂e
Scope 2 Emissions:21.3 tCO₂e
Scope 3 Emissions:330,035 tCO₂e
Renewable Energy Share:Not disclosed
Total Energy Consumption:163.65 MWh
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Renewable Energy Production and Consumption
  • Compliance, Business Integrity, and Transparency
  • Health and Safety, Welfare and Well-being
  • Environmental Management and Protection
  • Supply Chain Management
  • People Engagement and Development
  • External Stakeholder Relations

Environmental Achievements

  • Monitored energy consumption and assessed carbon footprint (Scope 1, 2, and 3) across operating countries.
  • Estimated pipeline projects to produce around 1700 GWh per year of green electricity and avoid about 420,000 tCO2eq annually.
  • Proactively selected suitable lands for projects, minimizing land use and applying best-in-class materials.
  • Implemented environmental mitigation and compensation works to protect local fauna.

Social Achievements

  • Adopted an Equality, Diversity, and Inclusion Policy and a Human and Labour Rights Policy.
  • 33% of workforce is female.
  • Recorded 0/0/0 incidents/accidents/near misses among employees and contractors.
  • Delivered 307 hours of health and safety training.
  • Organized a three-day team-building event for employees from multiple countries.
  • Organized over 10 public consultation events involving hundreds of local stakeholders.

Governance Achievements

  • Adopted a Code of Ethics, Health, Safety & Environment Policy, Anti-Bribery and Corruption Policy, Human and Labour Rights Policy, Equality, Diversity, and Inclusion Policy, and Suppliers’ Code of Conduct.
  • Established an Audit Committee, Financial Statement Committee, and Remuneration Committee.
  • Implemented a whistleblowing procedure and a Global Compliance Helpline.
  • Implemented Model 231 for all Italian Companies.

Climate Goals & Targets

Long-term Goals:
  • Create a shared knowledge database for employees (online learning platform).
  • Increase internal training offer for employees.
  • Organize team-building initiatives around sustainable development topics.
  • Contribute to disseminating knowledge in clean energy and sustainable development.
  • Promote a culture of ethics and sustainability.
  • Continuously monitor compliance requirements.
  • Continuously improve ESG disclosure.
  • Adopt ESG criteria in the selection of suppliers.
Medium-term Goals:
  • Ensure the application of H&S standards by contractors.
  • Deliver H&S training to employees.
  • Organize well-being initiatives for employees.
  • Monitor employee satisfaction.
  • Continuously monitor employees’ D&I indicators.
Short-term Goals:
  • Increase the pipeline of renewable projects (PV, Wind, and BESS) across different geographies.
  • Integrate potential avoided emissions into investment decisions.
  • Launch the construction of new plants.
  • Growth in the PPA market.
  • Improve environmental performance analysis and carbon footprint calculation.

Environmental Challenges

  • Supply chain disruptions due to the war in Ukraine and raw material shortages.
  • Increased prices of technology equipment.
  • Managing geographically dispersed teams.
Mitigation Strategies
  • Secured funds and signed term sheets for investments of more than €650M.
  • Established a procurement process with ESG criteria integration.
  • Utilized digital applications and social networks for team coordination.
  • Organized in-person social events and team-building initiatives.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Established a procurement process with ESG criteria integration.
  • Developed a Vendor Assessment Questionnaire.
  • Utilize the Open Supply Hub platform.

Climate-Related Risks & Opportunities

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

Reporting Standards

Frameworks Used: GRI Standards, GRI 1: Foundation 2021

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • SDG 7
  • SDG 12
  • SDG 13
  • SDG 15
  • SDG 4
  • SDG 10
  • SDG 8

Initiatives contribute to these goals through renewable energy production, sustainable practices, climate change mitigation, biodiversity protection, education, reducing inequalities, and creating green jobs.

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed