Climate Change Data

Soltec Power Holdings, S.A.

Climate Impact & Sustainability Data (2021)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:2742 tCO2e
Scope 2 Emissions:2732 tCO2e
Scope 3 Emissions:203.08 tCO2e
Renewable Energy Share:100%
Total Energy Consumption:526,125 kWh
Water Consumption:2502 m3
Waste Generated:1359 tons

ESG Focus Areas

  • Innovation
  • Sustainability
  • Vertical Integration
  • People
  • Environment
  • Good Governance

Environmental Achievements

  • 22.31 tCO2 eq. avoided thanks to our projects.
  • 3% reduction in electricity consumption per employee compared to the previous year.
  • 3% reduction in water consumption per employee compared to the previous year.
  • 3% reduction in fuel consumption per hour worked in the company compared to the previous year.
  • 3% reduction in waste generated per hours worked, compared to the previous year.
  • Obtaining ISO 50001 SG for energy efficiency.
  • Verification of the carbon footprint in scopes 1 and 2 (certified according to ISO 14064-1).
  • Verification of the carbon footprint in scope 3 (business travel) for the first time (certified according to ISO 14064-1).

Social Achievements

  • Created almost 2,500 jobs at year-end 2021.
  • Spending €393 million on procurement and contracting, stimulating the generation of employment at its suppliers.
  • Contribution to the local economies of the countries in which the company is present through payment of €50 million in salaries to its employees.
  • Incorporation of clauses relating to compliance with Human Rights in the Corporate Policy and signed purchase contracts.
  • Assessment of the most important suppliers as regards Human Rights through the GoSupply tool.
  • Launched Solcare, a digital platform for employee well-being.
  • Implemented measures defined in the equality plan.

Governance Achievements

  • Approved a Corporate Governance Plan for the entire company.
  • Extended and updated the criminal and risk management system.
  • Reviewed certain corporate policies.
  • Renewed the Aenor certification on the UNE 19601 standard at Soltec Power Holdings S.A. and Soltec Renewable Energies S.L.U. and obtaining said certification at Soltec Innovations S.L.U.
  • Implemented an automated alert system for restricted periods and specialized training for the Board of Directors and management team.
  • Published a Sustainability Report on the 2020 financial year under GRI and SASB standards.
  • Approved its Sustainability Policy.

Climate Goals & Targets

Long-term Goals:
  • Net zero emissions
Medium-term Goals:
  • Development of an ESG Master Plan based on five strategic lines.
  • Certification for the UNE 15986 standard for Value-Added Purchasing Management and ISO 20400 standard for Sustainable Procurement.
  • Implementation of an approval platform ('GoSupply') for relevant suppliers.
  • Implementation of an electronic invoicing management platform ('SERES') to optimise registration and payment processes.
  • Centralisation of indirect purchases through the implementation of an internal management platform ('JIRA').
Short-term Goals:
  • 100% compliance with the Corporate Governance Plan.
  • Approval of a Regulation of the Lead Director.
  • Improvements to the investment and financing policy.
  • Review of the insider information system.
  • Renewal of the Aenor certification on the UNE 19601 standard at Soltec Power Holdings S.A. and Soltec Renewable Energies S.L.U. and obtaining said certification at Soltec Innovations S.L.U.
  • Extension of the criminal management system to Powertis, S.A., Soltec Innovations, S.L. and some international subsidiaries of the company.
  • Renewal of the Aenor certification on the UNE 19601 standard at Soltec Power Holdings S.A. and Soltec Renewable Energies S.L.U. and obtaining said certification at Soltec Innovations S.L.U.

Environmental Challenges

  • Disruptions to international logistics affecting costs and contract negotiations.
  • Increased cost of raw materials and personnel resources due to shortages and restrictions.
  • Instability due to the invasion of Ukraine requiring reassessment of supply strategy.
  • Increased cost of logistics.
  • Increased price of steel.
  • Human resource limitations due to mobility restrictions.
Mitigation Strategies
  • Agreed new delivery conditions with suppliers (FOB clause).
  • Used carriage in the cargo hold for long-distance delivery.
  • Developed new supply chains closer to project locations.
  • Collaborated with new suppliers.
  • Passed-through price increases for raw materials to contracts with customers.
  • Increased the number of contractors and workers, making the approval process more flexible and increasing the search for contractors at a local level.

Supply Chain Management

Supplier Audits: 18

Responsible Procurement
  • Commitment to comply with the provisions of the charter of the United Nations Universal Declaration of Human Rights.
  • Commitment to compliance with international labour standards.
  • Promotion of equal opportunities and non-discrimination.
  • Promotion of greater environmental responsibility.
  • Promotion of a working culture that values integrity and the ethical conduct of all its employees towards suppliers.

Climate-Related Risks & Opportunities

Physical Risks
  • Potential problems arising out of natural disasters.
Transition Risks
  • Reduction of solar tracker prices
  • Potential regulatory changes
  • Increased competitiveness in the industry
Opportunities
  • Development of energy-efficient products
  • Development and implementation of battery energy storage systems (BESSs).

Reporting Standards

Frameworks Used: GRI Standards (Core option), SASB (Solar Technology & Project Developers)

Certifications: ISO 14001, ISO 9001, ISO 45001, ISO 50001, ISO 14064-1, UNE 19601, UNE 15986, ISO 20400

UN Sustainable Development Goals

  • SDG 7
  • SDG 8
  • SDG 9
  • SDG 13

Soltec contributes directly to SDG 7 (Affordable and Clean Energy), SDG 8 (Decent Work and Economic Growth), SDG 9 (Industry, Innovation and Infrastructure), and SDG 13 (Climate Action) through its business model and operations. It also contributes to other SDGs through volunteering and social action.

Sustainable Products & Innovation

  • SFOne solar tracker
  • SolarFighter
  • Diffuse Booster