Climate Change Data

AFV Acciaierie Beltrame S.p.A.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:1,272,863 tCO2e (Scope 2 Market Based); 1,317,150 tCO2e (Scope 2 Location Based)
Scope 3 Emissions:804,755 tCO2e (2023)
Renewable Energy Share:53.9% (2023)
Total Energy Consumption:8,560,545 GJ (2022); 7,431,797 GJ (2023)
Water Consumption:4,866,000 m3 (2022); 4,891,000 m3 (2023)
Waste Generated:534,312 tons (2022); 478,970 tons (2023)
Carbon Intensity:0.231 tCO2e/tonne finished product (2023)

ESG Focus Areas

  • Production efficiency
  • Circular economy
  • Hydrogen
  • Self-consumption of renewable energy
  • Health, safety and well-being, including human rights
  • Decarbonisation and climate change
  • Energy management
  • Environmental management: water, air, waste
  • Economic performance
  • Development and management of human capital
  • Business ethics
  • Policy and regulatory risk
  • Community impact and development

Environmental Achievements

  • Achieved a 92.15% waste valorisation rate.
  • Reduced specific energy consumption per tonne of steel produced in EAF furnaces by 1%.
  • Reduced specific natural gas consumption per tonne of processed rolled products by 1%.
  • Reduced Scope 1 and Scope 2 (Market Based) CO2 emissions to 0.231 tCO2e/tonne finished product.
  • Acquired Idroelettriche Riunite, adding 160 GWh/year of renewable energy production, contributing to a reduction of approximately 36,000 tonnes of CO2.

Social Achievements

  • Maintained a high percentage of permanent contracts (97.1%).
  • Reduced Lost Time Injury Frequency Rate (LTIFR) to 15.04.
  • Implemented various employee well-being initiatives, including free vaccinations, on-site services, and flexible working.

Governance Achievements

  • Implemented a Whistleblowing platform.
  • Established a corporate compliance function.
  • No reports of violations of the 231 Model in 2023.
  • No incidents of corruption, anti-competitive behaviour, antitrust or monopolistic practices were recorded during 2023.

Climate Goals & Targets

Long-term Goals:
  • Achieve carbon neutrality (0.12 tonnes of CO2 per tonne of finished product).
Medium-term Goals:
  • 40% renewable energy in total supply for AFV Acciaierie Beltrame (Italy) and Donalam-Călărași (Romania) by 2030.
  • Significant increase in fossil-free energy sources for L.M.E. (France) and Stahl Gerlafingen (Switzerland) by 2030.
  • 40% reduction by 2030 in total Scope 1 + Scope 2 emissions compared to 2015 levels.
Short-term Goals:
  • Reduce energy consumption of EAF furnaces and natural gas consumption in rolling mills (specific targets provided).

Environmental Challenges

  • Changes in national and international regulations and policies impacting reporting requirements and business operations.
  • The risk of carbon leakage due to increased climate ambition level in the EU.
  • Further reduction of free allocation of CO2 emission rights, potentially entailing additional costs and requiring significant investments.
  • Risk of loss of competitiveness in non-EU markets due to CBAM and less stringent rules in non-European nations.
  • Cybersecurity threats and cybercrime.
Mitigation Strategies
  • Adopted a short- and medium-long term decarbonisation strategy.
  • Implemented measures to reduce carbon footprint with investments for energy efficiency and other initiatives.
  • Joined the Global Steel Climate Council (GSCC).
  • Increased investments in IT and cybersecurity.
  • Implemented constant monitoring and remediation activities on cybersecurity-sensitive areas.

Supply Chain Management

Responsible Procurement
  • Analysis, research, definition of technical characteristics, supply and supplier management.
  • Focus on meeting reliability requirements of strategic suppliers.
  • Attention to security of service providers.
  • Compliance with UNI EN ISO 9001/14001/45001/50001 as a preferential requirement for new suppliers.
  • Research activities with raw material suppliers to identify certified carbon footprint data.

Climate-Related Risks & Opportunities

Transition Risks
  • Changes in EU regulations (EU-ETS, CBAM)
  • Increased energy costs
  • Risk of carbon leakage
Opportunities
  • Development of energy-efficient products
  • Use of green hydrogen as a fuel

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 9001, ISO 14001, ISO 45001, ISO 50001, EPD®, PAS 2060, Cybersecurity Bitsight

Third-party Assurance: Deloitte & Touche S.p.A. (Limited Assurance)

UN Sustainable Development Goals

  • Goal 7 (Affordable and clean energy)
  • Goal 5 (Gender equality)
  • Goal 8 (Decent work and economic growth)
  • Goal 10 (Reduced inequalities)
  • Goal 13 (Climate action)
  • Goal 15 (Life on land)
  • Goal 16 (Peace, justice and strong institutions)
  • Goal 17 (Partnerships for the goals)
  • Goal 9 (Industry, innovation and infrastructure)
  • Goal 14 (Life below water)

The Group contributes to these goals through responsible business practices, renewable energy investments, employee well-being initiatives, community engagement, and decarbonisation efforts.

Sustainable Products & Innovation

  • Chalibria (carbon-neutral steel)