B&C Speakers SpA
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:740 tCO2eq (Location-based); 998 tCO2eq (Market-based)
Scope 1 Emissions:170 tCO2e
Scope 2 Emissions:570 tCO2e (Location-based); 828 tCO2e (Market-based)
Renewable Energy Share:11.3% (2023, photovoltaic)
Total Energy Consumption:9465 GJ
Waste Generated:378 tons
ESG Focus Areas
- Economic performance and sustainable growth
- Business ethics and transparency
- Sustainable supply chain
- Energy efficiency and climate change
- Responsible material and waste management
- Product quality, research and development
- Employee health and safety
- Care for employees, attraction and non-discrimination
- Training and professional development of employees
- Customer health and safety
Environmental Achievements
- Reduced energy consumption by 7% compared to 2022
- Reduced natural gas consumption by 16% at Reggio Emilia plant compared to 2022
- Increased photovoltaic energy production by 51% compared to 2022
- Reduced total materials used by 40% compared to 2022
- Reduced plastic use in packaging by over 50% compared to 2021 (aiming for 80% reduction by 2025)
- 100% renewable energy certification expected by April 2024
Social Achievements
- Obtained Gender Equality Certification (UNI PdR/125)
- Introduced new employee benefits such as a company canteen (operational from January 2024)
- Significantly increased training hours for employees (1248 hours in 2023 vs 428 in 2022)
- Implemented a 360° feedback system for employee performance evaluation
- No cases of discrimination reported during the reporting period
Governance Achievements
- Formalized Sustainability Policy and Diversity & Inclusion Policy
- Established a Whistleblowing Committee
- Maintained a three-star legality rating from the AGCM
- Implemented an Anti-Corruption Policy
Climate Goals & Targets
Medium-term Goals:
- Develop an integrated system for managing energy consumption
- Obtain neodymium magnet recycling certification by Q1 2025
Short-term Goals:
- Reduce plastic use in packaging by over 80% by 2025
- Achieve 100% renewable energy certification by April 2024
Environmental Challenges
- Global economic uncertainties and geopolitical tensions
- Increased production costs due to indirect effects of the Russia-Ukraine conflict
- High costs associated with neodymium magnet recycling
- Limited data availability for some ESG metrics
Mitigation Strategies
- Careful management and a far-sighted strategy
- Gradual update of company fleet to hybrid vehicles
- Development of an internal system for ESG assessment of suppliers
- Collaboration with the University of Florence to improve data collection for LCA
Supply Chain Management
Supplier Audits: 100% of raw materials undergo initial quality checks; regular audits of certified suppliers (every six months)
Responsible Procurement
- Supplier selection based on quality, cost, and timely delivery
- Site visits to assess technical-professional suitability, environmental respect, and social commitment
- ESG criteria incorporated into supplier evaluation
Climate-Related Risks & Opportunities
Opportunities
- Development of energy-efficient products and processes
Reporting Standards
Frameworks Used: GRI Sustainability Reporting Standards 2021
Certifications: UNI EN ISO 9001, UNI EN ISO 14001, UNI EN ISO 45001, UNI PdR/125 (Gender Equality Certification)
Third-party Assurance: PricewaterhouseCoopers Business Services Srl (limited assurance)