Climate Change Data

Solaria Energía y Medioambiente, S.A.

Climate Impact & Sustainability Data (2021)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:315 tCO2e (Scopes 1+2)
Scope 1 Emissions:254.41 tCO2e
Scope 2 Emissions:60.58 tCO2e
Scope 3 Emissions:28.14 tCO2e
Renewable Energy Share:90% (electricity in offices and Spanish power stations)
Total Energy Consumption:4,283.29 MWh
Water Consumption:440 m3
Waste Generated:Estimates provided per MW generated at construction stage (concrete 0.08t, bricks 0.02t, metals 0.10t, wood 0.10t, glass 0.0031t, plastic 0.012t, paper 0.025t)
Carbon Intensity:0.39 tn CO2/GWh (2021)

ESG Focus Areas

  • Climate Change
  • Environment
  • People
  • Communities
  • Governance

Environmental Achievements

  • Avoided 216,000 tons of CO2 emissions through renewable energy generation (862.53 GWh)
  • 78% reduction in emissions intensity from generation of PV energy (tn/GWh) since 2019
  • Replaced electricity with renewable energy in all Spanish installations from January 1, 2021, and in Italian installations from January 1, 2022.
  • Implemented a hybrid-fleet plan to gradually replace diesel vehicles with hybrid and/or electric vehicles.
  • Offset CO2 emissions through reforestation projects in Uruguay and Spain.

Social Achievements

  • 40% increase in workforce (145 employees) compared to 2020
  • 96% of workforce employed under permanent contracts
  • 20% of average workforce promoted during the year, with 27% moving to a higher category
  • Launched the CUÉNTANOSLO initiative to survey employees on their workplace environment
  • Provided 2,362 hours of training (average 18.45 hours per employee), including training on corporate sustainability, diversity, and health and safety.

Governance Achievements

  • Approved a new fiscal policy defining Solaria's strategy in tax-related matters
  • Amended the regulations of the Board of Directors and approved the diversity policy
  • Established an online communication channel for ESG-related inquiries
  • Updated rules and corporate policies to ensure employee conduct is based on corporate ethics and sustainability
  • Linked 15% of management's variable pay to the achievement of sustainability and ESG objectives.

Climate Goals & Targets

Long-term Goals:
  • 18 GW of installed capacity by 2030
Medium-term Goals:
  • Increase women in workforce to 25%
Short-term Goals:
  • 14% reduction of emissions by year-end 2021 to reach carbon neutrality (already achieved according to the report)
  • Renewable energy plan for Italian and Portuguese installations

Environmental Challenges

  • Persistence of COVID-19
  • Supply chain disruptions
  • Regulatory changes affecting electric utilities
  • Inflation
  • Congestion of local administrations and delays in licensing for PV power stations
Mitigation Strategies
  • Implemented health and safety measures in response to COVID-19 (temperature checks, distancing, mask use, sanitizing gel)
  • Developed alternative sourcing strategies (not explicitly stated, but implied by the report)
  • Adapted to regulatory changes (not explicitly stated, but implied by the report)
  • Maintained strict cost control
  • Secured project financing at a record low cost

Supply Chain Management

Supplier Audits: 7 main construction firms underwent environmental evaluation in 2021

Responsible Procurement
  • Code of ethics for suppliers requiring them to sign an agreement indicating conformity and comprehension
  • Verification of ISO 14001 certification for main suppliers
  • Environmental evaluation and monitoring of compliance with environmental impact statements for main construction firms

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events (tornadoes, hurricanes, floods)
  • Gradual increase in temperatures, sea level, or rainfall
Transition Risks
  • Regulatory changes related to greenhouse gases
  • Market shifts related to energy prices
Opportunities
  • Increased demand for renewable energies
  • Development of energy-efficient products and services
  • Increased pressure from interest groups to establish climate change mitigation measures

Reporting Standards

Frameworks Used: TCFD, International Integrated Reporting Framework, GRI (selected), UN SDGs, UN Global Compact

Certifications: ISO 14001 (for main suppliers)

Third-party Assurance: Ernst & Young

UN Sustainable Development Goals

  • Goal 5
  • Goal 7
  • Goal 8
  • Goal 9
  • Goal 13
  • Goal 15
  • Goal 17

Solaria's activities and objectives are aligned with these SDGs, contributing to gender equality, access to clean energy, economic growth, resilient infrastructure, climate action, protection of terrestrial ecosystems, and global partnerships.

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed