Gonvarri Industries

Climate Impact & Sustainability Data (2020, 2023)

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:53,535 tCO2e/year (Scopes 1 & 2)

Scope 1 Emissions:19,070 tCO2e/year

Scope 2 Emissions:34,471 tCO2e/year

Scope 3 Emissions:27,428 tCO2e/year

Renewable Energy Share:3.8% of total energy use

Total Energy Consumption:737,232 GJ/year

Water Consumption:263,922 m3/year

Waste Generated:269,920 tons/year (scrap)

Carbon Intensity:Not disclosed

ESG Focus Areas

Climate change
Health and safety
Digitization
Social action

Environmental Achievements

Implemented 10 energy saving measures, resulting in 15.13 GWh annual savings and a reduction in energy consumption of more than 7.5%
Indirectly avoided 98,873 tons of CO2 emissions through solar structures
Recycled 269,920 tons of scrap (98.2% steel and 1.8% aluminum)
Achieved 82% of factories certified under ISO 14001

Social Achievements

Maintained local employment at 99%
91% of professionals employed on a permanent basis
136,562 training hours (26 hours per employee)
Launched the Emotional Driving Challenge, a gamification tool for road safety awareness

Governance Achievements

Established a Carbon Neutral Committee and Operational Team to monitor the Carbon Neutral 2030/50 Plan
Approved a new Sustainability Policy aligned with the Sustainable Development Goals and Climate Change
Signed the first sustainable financing line with the Instituto de Crédito Oficial (ICO)

Climate Goals & Targets

Long-term Goals:

Reduce and offset Scope 3 emissions by 2050

Medium-term Goals:

Achieve carbon neutrality in Scopes 1 and 2 by 2050

Short-term Goals:

Reduce CO2 emissions from fossil fuels by 50% by 2030
Use 100% renewable electricity in own operations by 2030

Environmental Challenges

COVID-19 pandemic significantly impacted sales and growth forecasts, particularly in the first half of the year
Supply chain disruptions due to the pandemic
Reduced investments due to the pandemic
Limited development of social action initiatives due to pandemic restrictions

Mitigation Strategies

Implemented adjustment and cost containment policies, including temporary layoffs
Renegotiated contracts with suppliers
Resized planned investments
Maintained support with financial and in-kind donations to NGOs
Adapted road safety messaging to online platforms

Supply Chain Management

Supplier Audits: 100% of suppliers sent the Gonvarri Industries Code of Ethics and Conduct and CSR Purchasing Policy

Responsible Procurement

Code of Conduct
Supplier sustainability requirements
HSE Management
Corporate Social Responsibility
Compliance requirements

Climate-Related Risks & Opportunities

Physical Risks

Damage to factories and facilities
Damage to processes/logistics and delivery delays
Product damage or delivery logistics problems

Transition Risks

Regulatory and legal risks
Technological risks
Market risks
Reputational risks

Opportunities

Efficiency improvements
Low emission energy sources
Development and innovation
More competitive products
New markets
Sustainable financing

Reporting Standards

Frameworks Used: GRI Standards (core option)

Certifications: ISO 14001, ISO 45001

Third-party Assurance: EY

UN Sustainable Development Goals

SDG 3
SDG 7
SDG 8
SDG 9
SDG 11
SDG 12
SDG 13
SDG 17

Initiatives aligned with various SDGs, including climate action, decent work, industry, innovation, sustainable cities, responsible consumption, and partnerships

Sustainable Products & Innovation

Solar structures
AHSS steels for automotive sector
Sensorized road barriers
Smart city solutions

Awards & Recognition

Diploma from the Ministry for Ecological Transition for Emotional Driving project
Outstanding project recognition from AVIA

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:33,612 tCO2e

Scope 1 Emissions:19,270 tCO2e

Scope 2 Emissions:14,342 tCO2e

Renewable Energy Share:68%

Total Energy Consumption:231,620 MWh

Waste Generated:358 kt (non-hazardous), 21 kt (hazardous)

Carbon Intensity:6 kgCO2 / t delivered