Teknia Manufacturing Group S.L.U.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:321,820 tCO2e/year
Renewable Energy Share:36% of electricity consumed has Renewable Guarantees of Origin (GoO) certificates
ESG Focus Areas
- Climate Change
- Energy Efficiency
- Circular Economy
- Human Rights
- Employee Well-being
- Governance
- Supply Chain Sustainability
Environmental Achievements
- 17.6% reduction in the kgCO2/VoP ratio compared to 2022
- Achieved more than 30% of energy consumption from renewable sources in Spanish plants through photovoltaic panel installation
- Reduced hazardous waste generation by 48% compared to 2022
- 70% of electricity consumed in panel plants came from renewable sources
- 12% saving in electricity consumption from the grid in plants with solar panels
Social Achievements
- Increased social action budget by 37% compared to the previous year
- Launched a corporate volunteering program
- Provided funds to help alleviate damage caused by earthquakes in Turkey and Morocco
- Implemented an occupational risk prevention system at all plants
- Developed a professionalised system for succession planning analysis
Governance Achievements
- Presented Moving Teknia 2025 strategic plan
- Joined the UN Global Compact (Spanish Network)
- Defined a new ESG governance model including a Sustainability Committee
- Developed ESG requirements for suppliers
Climate Goals & Targets
Long-term Goals:
- Carbon neutral in business interests plants by 2040 (scopes 1 and 2) and throughout the entire value chain by 2050
Medium-term Goals:
- Contribution to the physical and mental well-being of our employees and ISO: 45001 certification in all our plants by 2030
- 100% of staff trained in ESG by 2030
- 100% renewable electricity consumption by 2030
- 100% strategic suppliers assessed on ESG issues by 2026
- 80% local suppliers by 2030
- Socio-economic development programmes through education in all territories benefiting 200,000 people by 2030
Short-term Goals:
- Zero lost-time accidents by 2025
- 100% of management trained in ESG by 2025
- 80% of electricity consumption in Spain from renewable sources by 2025
- 14% reduction in CO2 emissions relative to production value by 2025
- 100% strategic suppliers signatories of Teknia’s ESG requirements by 2025
- 70% local suppliers by 2025
- Contributing to education and progress benefiting at least 20,000 people by 2025
Environmental Challenges
- Fleet electrification and increase in interest rates
- Supply shortages and backlogs
- Wage increases due to sharp rises in the CPI
- ESG value chain risk assessment
Mitigation Strategies
- Developed data-driven management models to control ESG risks throughout the value chain
- Developed strong commercial relationships with suppliers
- Built resilient commercial agreements with suppliers
- Involved suppliers in ESG objectives
- Consolidated and published all ESG requirements applicable to suppliers
Supply Chain Management
Responsible Procurement
- Inclusion of ESG criteria in supplier selection
- Development of ESG requirements for suppliers
- More than 50% of suppliers (by turnover) signed up to Teknia’s ESG requirements by the end of 2023
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI Universal Standards 2021
Certifications: ISO 14001, IATF 16949, ISO 9001, TISAX