Climate Change Data

SABAF S.p.A.

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:23,150 tCO2eq/year
Scope 1 Emissions:8,546 tCO2eq/year
Scope 2 Emissions:14,604 tCO2eq/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:9.7% of total energy use
Total Energy Consumption:36,178 MWh/year
Water Consumption:115,982 m3/year
Waste Generated:9,660 tons/year
Carbon Intensity:91 tCO2eq/million euro

ESG Focus Areas

  • Environment
  • Social
  • Personnel
  • Human Rights
  • Anti-corruption

Environmental Achievements

  • Reduced CO2 emissions (scope 1 + scope 2 market-based) to 23,150 tCO2eq in 2022 from 24,378 tCO2eq in 2020. Achieved sustainability targets set out in the Business Plan.
  • Increased use of recycled materials: 38% of steel, 68% of aluminum alloys, and 85% of brass used in 2022 were from scrap recycling.
  • Installation of a photovoltaic system at the C.M.I. plant (63 MWh in 2022).

Social Achievements

  • Launched a new corporate welfare platform (Edenred) in 2019, extended to C.M.I. and C.G.D. in 2020.
  • Organized a free breast check-up for female employees in Italy and Turkey.
  • Renewed the second-level company agreement of Sabaf S.p.A. in March 2022, focusing on quality, efficiency, flexibility, and employee well-being.

Governance Achievements

  • Updated the Policy on the composition of Corporate Bodies in February 2021 to implement the provisions of the new Corporate Governance Code.
  • Continued the induction program for Board of Directors and Board of Statutory Auditors on sustainability topics.
  • Renewed the appointment of PwC for the three-year period 2022-2024 as Head of Internal Audit.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Capture at least a 5% share of the European non-captive induction cooking components market by 2025.

Environmental Challenges

  • Supply chain disruptions due to the Russia-Ukraine conflict and increased energy and commodity prices.
  • High turnover.
  • Risks related to political, economic, tax, and regulatory instability in emerging markets.
Mitigation Strategies
  • Renegotiated sales prices to offset increased raw material costs.
  • Evaluated actions to contain energy consumption.
  • Diversified investments at the international level.
  • Monitored economic and social performance of target countries.
  • Adopted contractual sales conditions to protect the Group.

Supply Chain Management

Supplier Audits: 35 audits conducted in 2022 on class A and B suppliers (95% of expenditure)

Responsible Procurement
  • Fairness in negotiations, integrity, and contractual fairness.
  • Sharing corporate values with suppliers.
  • Favoring suppliers with Quality and Environmental System certifications.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Increase in energy costs
  • Changes in consumer choices
  • Introduction of new technologies
Opportunities
  • Development of energy-efficient products
  • Entry into the electromagnetic induction cooking sector

Reporting Standards

Frameworks Used: GRI Standards (2021)

Certifications: ISO 14001, ISO 50001, ISO 45001

Third-party Assurance: EY S.p.A.

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • High-efficiency burners with lower CO2 and carbon monoxide emissions
  • Hydrogen-powered burners
  • Induction cooking components

Awards & Recognition

  • Best Managed Companies Award (Deloitte Private) for four consecutive years