Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Activated strategies to curb overall energy and water consumption, improve the recycling system, and monitor and optimize the logistic system. Obtained ISO 14001 Certification related to the environmental management system.

Social Achievements

• Paying close attention to gender-equality and diversity; employing measures and policies to valorize their talents; cooperating with universities and research institutes; implementing an internal regulation on IT equipment utilization, professional confidentiality, and data privacy. Obtained ISO 45001 Certification related to the safety management system.

Governance Achievements

• Applies best international practices, transparency, and a shared decision-process. Adopted the Organization, Management, and Control model in accordance with the “Article D.lgs. 231/200”. The BoD is composed of five managers (two of them independent) and the CEO’s compensation is up to 50% variable and tied to the annual results. Obtained ESG Certification with rating A.

Climate Goals & Targets

Environmental Challenges

• Most of Fervi Group’s production activities are carried out by external suppliers.
• Risk of an increase in costs of raw materials and end-products.
• Supply chain bottlenecks caused by the pandemic and the Ukrainian-Russian conflict.

Mitigation Strategies

• Consolidated relationships with suppliers, targeting a manufacturers’ global network in different regions.
• Owns an algorithm that manages orders based on past and expected consumption and the supplier’s average delivery times.
• Oriented towards flexible price policies thought to update of price list in its catalogs.

Supply Chain Management

Climate-Related Risks & Opportunities

UN Sustainable Development Goals

• Goal 6
• Goal 8
• Goal 9
• Goal 12
• Goal 15

Strategies to curb energy and water consumption, improve recycling, monitor logistics, gender equality, talent valorization, university cooperation, internal regulation on IT, data privacy, and workplace safety.

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Obtained ISO 14001 certification for its environmental management system.
• Implements waste sorting.
• Adopts measures to reduce water consumption.
• Uses low-energy consumption tools.
• Monitors and adopts measures for logistics optimization.

Social Achievements

• Obtained ISO 45001 certification for its occupational health and safety management system.
• Pays attention to gender equality and the representation of women.
• Adopts procedures for the protection of personnel data.
• Adopts policies for the enhancement of its talents.
• Operates in compliance with the provisions of Legislative Decree 81/08 for workplace safety.
• Collaborates with universities and research institutions.
• In 2020, following the spread of the Covid-19 virus, Fervi promptly adopted appropriate measures to counter the virus and protect the health of its employees and collaborators through the sanitization of premises, the purchase of personal protective equipment, temperature measurement with thermal scanners, the dissemination of hygiene and social distancing rules. To contain personnel costs, it was decided not to activate social safety nets and other forms of public support but to use past holidays in order to maintain the salary level of employees unchanged.

Governance Achievements

• Adopts policies for the safeguarding of company information: there is an internal regulation on the use of computers, the internal network, as well as professional secrecy and data confidentiality.
• Collaborates with some important Italian universities for the realization of research projects aimed at sports competitions.
• Corporate governance, applying international best practices, is based on transparency and shared decision-making.
• The company has a Board of Directors composed of 5 directors, of whom 2 are independent.
• The company has adopted the “Organizational, Management and Control Model” prepared pursuant to Legislative Decree 231/2001 and has proceeded with the consequent appointment of the one-person Supervisory Body (OdV).
• The CEO's compensation is partly variable, in line with company policies.

Climate Goals & Targets

Environmental Challenges

• The lockdown period (linked to the spread of the Covid-19 virus) affected almost all commercial activities in the first part of 2020.

Mitigation Strategies

• The company optimized its resources to cope with the current situation of global economic uncertainty. Specifically, they did not activate social safety nets or other public support, instead using accrued vacation time to maintain employee salaries.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Governance Achievements

• Obtained ESG certification with an A rating from Certification S.r.l.

Environmental Challenges

• Supply chain disruptions
• Increased transportation costs
• Shortage of materials
• Inflation of costs

Mitigation Strategies

• Increased inventory levels through a careful procurement strategy
• Price increases to offset increased costs
• Monitoring of the economic situation to identify the need for further adjustments

Supply Chain Management

Responsible Procurement

• Careful procurement strategy to ensure adequate inventory levels

Climate-Related Risks & Opportunities

UN Sustainable Development Goals

• Goal 6
• Goal 8
• Goal 9
• Goal 12
• Goal 15

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• ESG certification with rating A in January 2022

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: ESG

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Printed new catalog on PEFC-certified paper

Social Achievements

• Improved score in health and well-being, quality education, and peace and justice in ESG certification

Governance Achievements

• Reconfirmed ESG certification with improved overall score (AA-)

Climate Goals & Targets

Environmental Challenges

• Slight decrease in turnover due to slowdown in European industrial production, particularly in Q4 2023

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: ESG Certification (AA-), ISO 45001, ISO 14001, ISO 9001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Working on 11 of the UN Sustainable Development Goals (SDGs)

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed